Woman accuses multi-purpose co-operative society of cheating customers

Mangalore Today News Network

Mangaluru, Oct 14, 2015 : A woman has lodged a complaint with the Bunder police alleging that a multi-purpose co-operative society of the city which had promised high interest to its depositors had cheated them of nearly Rs 15 crores.

Woman accuses multi-purpose co-operative society of cheating customers
The complainant Juliana Lobo said she had been investing a fixed sum since five years every month and her total investment exceeeded Rs 18 lakhs.

However, the Society had failed to fulfill its promise of offering 14 per cent interest on the deposits, she alleged.

In her complaint, she has appealed to the police to take action against the society for cheating.

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Comments on this Article
Sannidhi, mangalore	Wed, October-14-2015, 12:47
"Greed leads to Heavy loss " this saying is cent percent true. Due to the high interest rates the people invest the co-operative banks. Always prefer nationalized banks to avoid such risks.

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