We have been disturbed for last 14 days about the financial scam which is blown out recently. The scam master is now under police custody with his associates. However all the news channel are increasing their TRP by covering the news , by providing discussions , interviews etc. Everybody in the news channel analysing the situation ,moves etc threadbare but nobody provides any solution to depositors so that some relief can be provided. All are convinced by the virtue of scam history , and
judiciary process the same has to undergone no relief can be provided to depositors in coming 10yrs.
A few pertaining questions come to my mind and i seek active comment on this.
1. There is lack of political will amongst the political parties to conduct awareness programme against
such companies . As such for small issues political parties are taking out rallies etc to make people aware of the situation. We did not hear anything about that sort since last ten years. There may be some
administrative measures but the reason and objectives may be different. Common man can not remember
any steps taken by political parties on this issues. All this years all were busy to get benefit out of it.
2. As on date also no advertisement on newspaper or on mass media about this operation. All are busy
in criticising each other to get political mileage and common man remain neglected.
3. In my opinion depositors should lodge individual complain in local Police station about the non payment of dues after maturity , non payment of interest as promised in the instrument and pre-mature encashment of fixed deposit. A depositor may face all the three situation or part there of. He should register the complain as the case fit for his deposit. This will help him /her to register his name legally for the beneficiary of the instrument. If there is any movement of getting the money his /her name will automatically appear. Also police need to file a closure report on the FIR/GD registered in their book.
4. There are number of regulative bodies who audits the companies account for last several years . Why no investigation should be done on them specially CA firms . Whether they have pointed out financial irregularities of the companies. The officials connected for regulation should be suspended immediately as they failed to discharge their duties.
