Junnar-based credit firm had failed to repay over Rs40 lakh to its shareholders.
Two years after anti-corruption crusader Anna Hazare protested against malpractices by rural and urban credit co-operative societies resulting in non-payment to investors, the issue has come into focus again with the additional Pune district consumer disputes redressal forum ordering a Junnar-based urban credit co-operative society to pay over Rs40 lakh to its investors.
Shivner Urban Credit Co-operative Society in Junnar had failed to repay the amounts invested by its shareholders after maturity of its investment plan scheme.
More than 10 victims had moved the court which received eight separate complaints seeking their money back.
Hoping for good returns on their investment, the complainants invested in a scheme by the credit society, but whenever they approached the society after completion of the maturity period of the scheme they were not only refused the principal amount, but also the accrued interest on the investment.
In this regard, Tulshiram Virnak, Prakash Ghule, Shantaram Hinge, Anjana Bele, Rukmini Ghogare, Kalyanrao Gawde, Attar Razzakbhai, Nirmala Pawar and others filed separate complaints in the consumer forum.
During the trial, the credit society did not deny anything about investment by the complainants, so all the complaints were admitted by the forum and the deposit slips were considered as proof of investment.
After perusing the case, the forum ordered the credit society to pay the invested amount with the interest within one month.
Police custody for train robbers
The gang of seven dacoits arrested by the government railway police (GRP) in Daund for committing the crime on Pune-Patna Express on Wednesday night was remanded in police custody till April 16 by a railway court in Daund on Friday.
The dacoits had boarded the train from Pune railway station on Wednesday night and looted passengers by attacking them. They were arrested from Kedgaon on the same night.
Assistant police inspector Dilip Mane of Daund GRP said, “We requested for police custody to investigate whether there are other
members involved and to recover the arms used in the crime.”
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