amuthasurabi bank fraud Thousands of customers are shocked.. There is excitement in Manamadurai! – Manamadurai traders stages protest against Amuthasurabi bank which was involved in money fraud

by time news
An incident in Manamadurai, Sivagangai district, where Amudasurabi Bank cheated customers by claiming to be a Central Government approved bank, has created a stir. Headquartered in Salem “Amudasurabi” Thrift and Co-operative Credit Society opened bank branches and ATMs all over Tamil Nadu and collected daily, monthly savings and fixed deposit funds from customers.

A bank was opened near Manamadurai New Bus Stand six years ago. Advertised before the bank as an approved company by the Government of India. As he went to the shops and collected money from the daily traders, the traders used to pay between 100 rupees and 5000 rupees in the bank daily. The number of customers increased as interest was paid to those who paid for 2 months to 5 months.

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They have been delaying payments to customers since last January. Maturity amount is not given. The customers who came to the bank were pacified and sent away. In this case, the employees have gone into hiding after locking the bank four months ago. All Amudasurabi bank officers who employed local people only for daily collection have been hired as foreigners. More than a thousand customers have invested up to around one crore rupees.

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Due to the deception of the bank management, many traders are left bewildered. This morning, customers gathered in front of the bank and staged a protest demanding the return of their money. There was commotion after more than 50 customers staged a protest in front of the bank. The police pacified the customers and sent them away. According to the traders, we did not pay due to desire for interest, they came and collected it. They said that we invested believing that we will get a certain amount in cash at the end, so the Tamil Nadu government should take action to return the money.

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