Judge orders probe on 12 agents of bogus marketing
Source: Hueiyen News Service / NNS
Imphal, July 04 2011:
AFTER CRORES of rupees have been swindled from the gullible public of Manipur through bogus companies and absconding, the Imphal West chief judicial magistrate has ordered an inquiry in which twelve persons have been named as the main baiters.
Chief judicial magistrate of Imphal West district, Salam Imocha Singh, has directed the district police to investigate the involvement of twelve persons who had conned the people of the state of nearly thirty eight crore through multi-layered marketing companies and transaction systems such as Unipay, Unigold, Visarev etc., senior advocate Kh Mani told the press today.
They twelve persons have been charged with cheating and laundering under section 406, 417, 420, 120 (B) and 34 of the IPC.
About 38 crore had been collected dishonestly from the public through bogus companies between July-December 2010 .
Suspiciously, the companies are all headquartered at Malaysia with branches in Bangalore.
These companies have suddenly disappeared from December 2010 without clearing the dues of the investors which ran into crore, said the senior advocate.
Two months later about 3.27 crore were refunded by the companies but the remaining 34.62 crore due to the investors have not been returned, he added.
Among the twelve accused, while six are the main agents of the money laundering system another six are the sub-agents.
While the six accused who are the main agents have been identified as Kumar Kom, 45, s/o RK Ibohal of New Chekon Chasat Avenue road; Nameirakpam Victor, 43, s/o N Pramodchandra of Singjamei; Sagolsem Robindro, 38, s/o Nobin of Yairipok; Keshav Kanti Sarma, 43, s/o Akhila Prasad of ASEB colony quarter no type V/07/SF-1 Guwahati; Heingam Tolen Singh, 31, s/o H Tombabu of Leihaopokpi village, Heilakandhi district of Assam and RK Jiranjit, 38, s/o RK Dorendra Singh of Moirangkhong Loklaobung the sub-agents have been identified as Mayengbam Romesh, 35, s/o M Khomei of Wabagai; Kh Basanta Meitei, 43, s/o Nandagopal of Kwakeithel; Oinam Rajesh, 26, s/o O Omar of Bashikhong; T Saratchandra Singh, 47, s/o ST Nadyachand Singh of Lilong Chaging; Laishram Kaoba, 45, s/o (L) Tomba of Langthabal and Yumnam Nganthoibi Devi, 38, w/o Laishram Kaoba of Langthabal.
Meanwhile, reliable sources said that many agents after considering their leaders have compromised with the investors in resolving the matters on their own.
As for Manipur, investors under Kumar Kom have due amounts of Rs 110 crores which is yet to be paid to the investors.
In a bid to resolve the issue, Kumar Kom in alliance with his near and dear leaders told his investors to compromise by paying Rs 1 crore.
He also told them to give back their principal amounts if the company pays it back in the future.
However investors are refusing the proposal saying that the agents can not compromised the 110 crores or rupees with only 1 crore.
They also said that they will accept the said amount if it was a part of the total payment.
There were reports of the agents and leaders appealing the investors not to press much when the company failed to render the pay out to the investors.
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