Thirteen persons who had deposited money for taking loans from a firm called Reliance Financial Pvt. Ltd. as according to assurance given by an agent identified as Yumnam Samanda Singh (37), Y. Achou of Langmeidong Mayai Leikai today said that the agent turn out to be cheat and threatens to proceed legal action to him if failed to return the deposited money within 15 days from today. Speaking to media persons at Manipur Press Club today afternoon, a customer, Khaidem Ibohal Singh said that the self-style agent of Reliance Finance Pvt. Ltd. located at Nagamapal Kangjabi Leirak Machin collected security money from 13 potential loan customers as according to the loan applied for. He said the said agent Yumanm Samanda Singh had collected Rs. 75,000/- from one Irom Bijenty Devi for taking loan of rupees 1.5 crore. From another 5 loan applicants he collected rupees 15,000/- for getting loan of rupees 10 lakhs. For loan amount of rupees 30 lakhs, the said agent collected rupees 30,000/- for granting of 30 lakhs as loan; rupees 18 thousands for Rupees 12 lakhs loans and so on. The way, he collected a total amount of rupees 40 lakhs and remain silent without giving the loan.
Ibohal further said that they had inquired about the Reliance Financial Private Ltd. and found that there is no such company elsewhere.
At present Yumnam Samanda Singh is also a general manager of United Social Empowerment (USE), an NGO located at Nagamapal Kangjabi Leirak.
The loan applicants further said that they will proceed legal action against the person for cheating the money if he failed to return the amount within 15 days.
2 comments
in times of india bangalore editions regularly an advertisement appears as reliance financial private ltd . loans at low interest rates . one should confirm source office terms and conditions and mode of payments receipts first
many times we donot know whether the person on phone is using own name or not. when half way someelse will enter and say new terms.
surprisingly nobody gives address or mails or bank account number in company names.
People have not learn from mistakes. They shold have checked the authenticity of the person n the company. How can they pay such an amount like this! n why should one pay money for applying loan? So long as people look for short cut in life rather than hard work…..no surprises…. such things will keep happening!