Jan 18, 2002 07:49 PM
4298 Views
(Updated Jan 18, 2002 08:01 PM)
This co started with a bang few years back & started piling up funds in fixed deposits from mostly middle class people trying to earn little high interest than bank not envisaging at that time what lies in the future where they have to face the woes of loosing the principle amount itself.
Funny side is that the authority who is supposed to monitor disbursement of the fund accrued has very soft attitude towards the management of this co & time & again helps them to change the policy on refund to suit the management totally disregarding the woes of common public.This immensely helps the management of this co to find out ways in making delays in paying back the principle amount.
It is really shameful to even discuss that with so much of rules & regulations we allow this type of mismanagement to go scot free & do not care about common public whose hard earned money is swindled by some vested interests who enjoyed free money & may be still enjoying the same in some form.
