Top
Begin typing your search above and press return to search.
keyboard_arrow_down
Login
exit_to_app
Two mind-sets: one here,  the other there
access_time 2021-01-20T08:38:45+05:30
What is Halal? Market strategies and controversy
access_time 2021-01-19T15:54:19+05:30
Arnabs chats cannot be ignored
access_time 2021-01-18T11:33:12+05:30
Women and girls need to be safe
access_time 2021-01-15T15:08:45+05:30
Another Trump impeachment
access_time 2021-01-15T11:16:29+05:30
DEEP READAll arrow_drop_down
exit_to_app
Homechevron_rightKeralachevron_rightBid on to settle...

Bid on to settle micro-finance fraud in SNDP Adoor unit

text_fields
bookmark_border
Bid on to settle micro-finance fraud in SNDP Adoor unit
cancel

Pathanamthitta: In a bid to settle the money fraud worth Rs 7.68 crore in the micro-finance credit schemes, SNDP Adoor union convenor has sent a letter to the zonal manager of the Bank of India saying that they will deposit the remaining loan repayment arrears.

Mannadi Mohan, convenor of the SNDP Adoor union, said in his letter that they will pay remaining arrears worth Rs. 2, 32, 12,860 of the 7.68 crore loan amount.

Around 5,000 families are facing revenue recovery proceedings in connection with the money fraud worth Rs 7.68 crore in the micro-finance credit schemes of SNDP Adoor Union in collaboration with the Bank of India.

The Adoor SNDP Union collected Rs 7.68 crore from Bank of India branch in the name of around 5,000 members representing 256 micro units without the knowledge of the members. Women who were not beneficiaries of the scheme too received notice for attachment of property, blaming them for default of loan payment.

Following the victims’ complaints, the government had ordered a crime branch probe in the fraud case.

Full text of the SNDP Adoor union convenor's letter:

Show Full Article
TAGS:
Next Story