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Duped Investors Take Case To Jagat, Ibobi

IMPHAL, May 16: Intent on getting back at least some of their investments, representatives of Visarev Investors Association, who have been left high and dry after investing large sums of money in the pyramidical schemes floated by UniGroup companies, namely Visarev, Unipay2U, Unigold, Unipay2U International met the Governor and the Chief Minister today and submitted memoranda urging them to bring the master minds behind the scam to book and to deliver justice.

A core team of the Association, including its convener, N Premananda Singh called on the Governor and the Chief Minister today and urged them to take up appropriate action to book the frauds, who have duped a large number of people of crores of rupees.

A copy of the memorandum will also be forwarded to the Union Home Ministry for necessary action, said the Association in a statement today.

Highlighting their case, the Association said that lakhs of people in Manipur had deposited huge amounts of money totaling about Rs 3000 crores with the Uni Group of companies.  The investors were lured with the promise of high rate of interest for ten consecutive months from the time they deposit their money.

However the investors have been left high and dry with no payments for the last 7/8 months, said the memorandum and added that this is nothing but duping the innocent people of their hard earned money.

Urging the Govt to take up some pro-active action so as to bring the master minds of the large scale scam, the Association said that the Government of Tamil Nadu has already framed laws like the Tamil Nadu Protection of Interest of Depositors (in Financial Establishment) Act, 1997 to protect investors and depositors and urged the State Government to take up some action along this line.

The State Finance Dept has also prepared the Manipur Protection of Interest of Depositors (In financial establishments), reminded the Association.  The Association urged the State Government to implement the Tamil Nadu Protection of Interests of Depositors in Financial Establishments backed by a Cabinet decision and also to take up other remedial measures to protect the interest of the people who have been duped of huge amount of money.

(Courtesy: The Sangai Express)

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