Monday, May 20, 2013

YC demonstrates before two chit fund companies



Raipur, May 20, 2013

The YC activists on Monday demonstrated before offices of Telibandha-based two chit fund companies – SUSK and Shining Star and asked the company managements to return funds deposited by people.

The YC general secretaries Anis Nizami and Kamran Ansari informed that people had deposited about Rs 480 crore in the two companies by far and both firms were waiting for time to escape. 

“These companies are deceiving people by tempting them of giving five time return of their deposited funds. The government should take stern action against both chit fund companies and ask Income Tax department, Reserve Bank of India, Enforcement Directorate and Securities and Exchange Board of India to conduct probe into the matter,” they said.

Alleging that the government was protecting chit fund companies they cases of said about 150 chit fund were still pending. 

They warned the government of locking the offices of both the companies and launching aggressive agitation against such firms if it would not take action against them in three days.

The YC activists who accompanied the duo on the occasion were Ajay Kshatre, Hamid Raja, Alif Khan, Rafeeque Khan, etc.



3 comments:

  1. Can you plz give the address of Shining Star? Do you have information regarding other such companies?

    ReplyDelete
  2. No, I don't have the Shining Star's address. being a journalist, I covered this report. If I'll get information regarding such companies, I will surely let you know..

    ReplyDelete
  3. Thank you. I look forward to getting some information on any such companies / firms from your good self...

    ReplyDelete

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