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Complaint against micro finance firm; poll officials conduct check

Staff Reporter

Income Tax Department too informed; further investigation on

PHOTO: M. GOVARTHAN

Election officials inspecting a branch office of a private micro-finance firm in Erode on Wednesday.

ERODE: Officials of election flying squad conducted a surprise check at the branch office of a private micro finance firm at Periyar Nagar here on Wednesday following a complaint and verified the records.

Members of static committee of Erode East segment noticed a large number of SHG members gathering at the branch office of the firm on Wednesday morning and informed the authorities.

Token

It was alleged that the SHG members were being given tokens to receive money.

“We have checked the transactions pertaining to the SHG members. We have also informed the Income Tax Department officials, who are conducting further investigation,” Returning Officer N. Gunasekaran said.

Mr. Gunasekaran said that the officials of the firm claimed that they were conducting an eye camp for their customers.

“But such activities should be conducted after obtaining prior permission from the election officials,” he added.

Officials said that stern action would be initiated against financial institutions if they were found helping political parties indulge in cash-for-vote practice. “All the transactions are being monitored. The financial institutions, including banks, should report transactions involving huge amount of money to the election authorities concerned immediately,” officials said. The District Consultative Committee for bankers had already asked banks to carry out cash transactions with proper records and documents. “This applies to non-banking financial institutions as well,” officials said.

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