Other States - Pondicherry   

`Protect interests of depositors'

By Our Staff Reporter

PONDICHERRY, NOV. 27. The Pondicherry Pradesh Congress Committee president, V. Narayanasamy, has appealed to the Lt Governor and the Chief Minister to intervene immediately and protect those who deposited their money in a private finance company here.

Addressing a press conference today, Mr. Narayanasamy MP, said over 10,000 persons, including retired government employees, deposited their money in fixed deposits and also pledged their jewels with the company. But the company virtually remained closed when the depositors went to collect their maturity amount. Already letters had been sent to authorities concerned, including the Reserve Bank of India.

Mr. Narayanasamy said the Pondicherry Government should take over the property of the company and dispose them to meet the commitments towards the depositors.

Printer friendly page  
Send this article to Friends by E-Mail

Other States

News: Front Page | National | Tamil Nadu | Andhra Pradesh | Karnataka | Kerala | New Delhi | Other States | International | Opinion | Business | Sport | Miscellaneous |
Advts: Classifieds | Employment | Obituary | Updates: Breaking News |

Stories in this Section

Centres for MBBS examinations
`Use knowledge to improve society'
`Protect interests of depositors'
Ramadass criticises `retrograde' economic reforms
Power shutdown

Copyright © 2004, The Hindu. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu