Breaking the Cycle of Financial Frauds in Manipur

Manipur has witnessed a recurring plague over the past few decades — the rise and fall of numerous Ponzi schemes and dubious private financial companies. These entities have lured thousands with promises of unrealistic returns, often ranging from three to five percent per month on deposited amounts. While many people have suffered severe financial losses when these schemes inevitably collapsed, the appetite for such fraudulent ventures shows no signs of diminishing.
Despite repeated exposure of these scams and the devastation they leave behind, new fraudulent schemes continue to emerge. What is particularly alarming is the evolving sophistication of these fraudsters. After the collapse of many Ponzi and banking schemes, some individuals have shifted to other deceptive tactics to exploit unsuspecting citizens.
The latest example comes from an alleged NGO called Micro Surveillance Record, which claims to be recognized by the World Health Organization (WHO) and linked with the Directorate of Health Services (DHS), Manipur. However, the Directorate has categorically denied any association with this organization and it has also been confirmed that the NGO is not recognized by the WHO. This case reveals the increasing boldness and cunning of fraudsters who use the credibility of reputed international bodies and government departments to deceive the public.
Such scams do more than just cause financial loss. They erode public trust in genuine organizations and create skepticism that hampers important government and health initiatives. In a state like Manipur, where socio-economic challenges are already significant, these fraudulent activities divert attention and resources from much-needed development and progress.
Several factors contribute to the persistence of these scams. One of the key reasons is the lack of widespread financial literacy. Many people, especially in rural and semi-urban areas, lack access to information or the capacity to critically assess financial offers. Economic hardship and desperation often cloud judgment, making unrealistic promises appear attractive.
Furthermore, the regulatory framework and enforcement mechanisms require strengthening. Although some scams have been exposed and prosecuted, the frequent recurrence of such incidents points to gaps in surveillance, early detection, and public awareness efforts. The continued operation of these schemes suggests a need for more robust monitoring, stricter penalties, and ongoing education for the public.
The media plays a crucial role in this context. Imphal Times have been instrumental in exposing scams and warning the public. However, these warnings need wider dissemination, especially in remote areas, using local languages and accessible communication channels.
The fight against financial fraud must be a collaborative effort involving government agencies, community leaders, genuine NGOs, and the public. Financial literacy programs tailored to different demographics, regular audits of financial entities, and dedicated helplines to report suspicious activities could go a long way toward prevention.
Victims of these scams also require support—both financial and emotional. Rebuilding trust requires not only prevention but also rehabilitation. The government should consider compensation schemes and counselling services for those who have lost their savings, helping them regain stability and confidence.
The case of Micro Surveillance Record is a sobering reminder that while the players and methods may change, the core challenge remains: protecting the public from exploitation by those seeking to profit through deceit. Manipur’s history with Ponzi schemes and fraudulent financial ventures has created fertile ground for such practices to continue.
Citizens must remain vigilant and demand transparency from every organization that approaches them for funds. At the same time, authorities must renew their commitment to protect public interests through stronger enforcement, education, and community outreach.
Only through collective vigilance, responsibility, and resilience can Manipur break this vicious cycle of financial fraud. Achieving economic stability and social welfare depends on empowering people to recognize and reject scams and ensuring swift action against the fraudsters.
When these measures are in place, the people of Manipur can look forward to a future free from the shadow of financial deception, where their hard-earned money and trust are safe. Ending this persistent menace is not just a government responsibility — it is a shared duty of all citizens, media, and institutions dedicated to the state’s progress and well-being.