Alleging that a private chit fund company has duped over 200 of its customers after collecting deposits up to Rs.10 lakh per person, the affected parties petitioned district collector T.N. Hariharan to initiate prompt penal action against the defrauding chit company establishment.
“The proprietors of the chit company, Suri Ganapathi Chit fund, including its MD Jitthu has duped the clientele after collecting hefty sums of money after promising attractive interest rates. When demanded to pay up the deposit after maturity, the proprietors threatened to forego pay back” the affected parties said.
“The collector should initiate a probe in to the irregularities by the chit fund company, and help us get back the money” the affected parties said.
“The proprietors of the chit company, Suri Ganapathi Chit fund, including its MD Jitthu has duped the clientele after collecting hefty sums of money after promising attractive interest rates. When demanded to pay up the deposit after maturity, the proprietors threatened to forego pay back” the affected parties said.
“The collector should initiate a probe in to the irregularities by the chit fund company, and help us get back the money” the affected parties said.