The fraud has happened at many branches and I think the higher management knows about this. Most people were told that money will be used to book Muthoot NCDs and without their consent, SREI NCDs were booked. When questioned, Muthoot branch officials said investing in SREI is the same as investing in Muthoot and nothing will happen to the money. Issue started last year, when they stopped getting the interest. Senior management have asked time till Jan mid to try to resolve the issue, with the customers.
| Subscribe To Our Free Newsletter |
