Begin typing your search above and press return to search.

156 illegal NBFCs operating in State

By STAFF REPORTER

GUWAHATI, Feb 7 � The Krishak Mukti Sangram Samiti (KMSS) on Thursday alleged that around 156 unauthorized non-banking financial companies operating in Assam were hoodwinking the people of their hard earned money and accused the government and the administrative machinery of patronizing such bogus companies.

Alleging that crores of rupees were being looted by the illegal financial companies, the KMSS said Chief Minister Tarun Gogoi had no moral right to continue and demanded the resignation of the Chief Minister.

Addressing mediapersons here, general secretary of KMSS Akhil Gogoi said that the 156 financial companies running in Assam, that included the names of many leading companies, were not included in the list of 271 non-banking financial companies authorized by the Reserve Bank of India (RBI) to accept public deposits.

�The RBI list does not contain a single name of any of the financial companies operating in Assam at present. It is very clear that all the financial companies are carrying out their business without any permission and in contravention of the RBI, Securities and Exchange Board of India (SEBI), and Insurance and Regulatory Development Authority (IRDA) guidelines,� alleged Akhil Gogoi, regretting that despite being aware about the illegality of the financial companies, the State government was not taking any concrete action against these companies.

Akhil said that taking advantage of the lackadaisical attitude of the authorities concerned and the district administrations, these illegal companies are still collecting money and some have already fled the State.

It needs to be mentioned here that the KMSS has already approached the Gauhati High Court in this connection. The KMSS has demanded that the accounts of the fake companies be seized and the investigation be handed over to the CBI.

More in Entertainment
Next Story
Similar Posts
156 illegal NBFCs operating in State

GUWAHATI, Feb 7 � The Krishak Mukti Sangram Samiti (KMSS) on Thursday alleged that around 156 unauthorized non-banking financial companies operating in Assam were hoodwinking the people of their hard earned money and accused the government and the administrative machinery of patronizing such bogus companies.

Alleging that crores of rupees were being looted by the illegal financial companies, the KMSS said Chief Minister Tarun Gogoi had no moral right to continue and demanded the resignation of the Chief Minister.

Addressing mediapersons here, general secretary of KMSS Akhil Gogoi said that the 156 financial companies running in Assam, that included the names of many leading companies, were not included in the list of 271 non-banking financial companies authorized by the Reserve Bank of India (RBI) to accept public deposits.

�The RBI list does not contain a single name of any of the financial companies operating in Assam at present. It is very clear that all the financial companies are carrying out their business without any permission and in contravention of the RBI, Securities and Exchange Board of India (SEBI), and Insurance and Regulatory Development Authority (IRDA) guidelines,� alleged Akhil Gogoi, regretting that despite being aware about the illegality of the financial companies, the State government was not taking any concrete action against these companies.

Akhil said that taking advantage of the lackadaisical attitude of the authorities concerned and the district administrations, these illegal companies are still collecting money and some have already fled the State.

It needs to be mentioned here that the KMSS has already approached the Gauhati High Court in this connection. The KMSS has demanded that the accounts of the fake companies be seized and the investigation be handed over to the CBI.

More in Entertainment
Similar Posts