-SATISH HANDA
Large number of investors deposited money with Ambala Cantt office of Sahara
Finance Company having its head office at Lucknow through fixed deposits
receipts worth lakhs of rupees on attractive rate of interest assured by the
company for periods ranging from 18 months to 15 years with three companies
in the group: Sahara Credit Cooperative Society Limited, Sahrian Universal
Multipurpose Society and Sahara India Credit Society Limited protested in the
office when the only cashier sitting in office refused to make payments against
their fixed deposits matured long ago. The investors told media persons that
their fixed deposits matured long ago are not being paid by the investment
company and the cashier as well as peon only persons sitting in the office are
not making satisfactory reply, telling that there are no funds transferred from
head office, moreover the seats of branch manager and assistant branch manager
are lying vacant since past four years.
Angry investors making hot discussion with the cashier told that there are nearly
2500 depositors made investment worth over Rs 25 crores in the shape of fixed
deposits under various schemes in three companies under Sahara Group
management and a complaint has also been lodged with police station, Ambala
Cantt. fo recovery of their payments. Few of agents collected money from
investors and deposited with the company told that there is no responsible
persons in ultra modern branch office to give any suitable reply since most of
the staff members have already left jobs and the only cashier sitting in the office
is merely lingering on the matter for one reason or the other assuring to en-cash
their fixed deposits on receipt of funds awaited from head office, whereas
depositors paid money through them have made their life miserable.