The depositors’ group claimed that some depositors have died and some others have become psychopathic patients due to the trauma caused by the stress and strain resulting from the controversy.
TFM Desk
Salai Women Depositors’ Group submitted a representation to Manipur chief minister N Biren Singh on Tuesday urging to safeguard and stipulate the deposited amount of the “ill-fated” depositors of Salai Group of Companies.
The depositors’ group, in the representation, urged Biren to take a Cabinet decision to either seize all movable and immovable assets of Salai/Smart Society, followed by subsequent needs for the depositors, or to allow reopening and functioning of the Salai companies as usual and earlier so as to enable the companies to carry on transactions and operations.
The representation also stated that the depositors of Salai Holdings Pvt Ltd, Manipur have long been “ill-fated, pitifully suffering victims”, since October 30, 2019 as the Salai or Smart Society failed to pay either dividend or capital of the deposited amount which the depositors’ group said was due to the combined actions of Government of Manipur and the National Investigation Agency (NIA) against the Salai and Smart Society.
The depositors’ group also claimed that majority of the depositors belong to the low and middle class families comprising poor widows, street-vendors, shop-keepers, tailors, daily wages labourers, rickshaw- drivers, carpenters, masons, pensioners, low salaried employees, etc. who intended little benefit for livelihood. The source of money of the depositors is from the daily small savings, Tengbang Marups, selling assets, lands, ornaments and money obtained from retirement benefits, it added.
The depositors’ group also claimed that some depositors have died and some others have become psychopathic patients due to the trauma caused by the stress and strain resulting from the controversy.