Joint Action Committee cautions

By Our Staff Reporter
IMPHAL, Dec 5 : The Joint Action Committee for Salai Depositors has cautioned of filing a Public Interest Litigation (PIL) before the High Court of Manipur if the State Government and department concerned don't ban all unregulated financial institutes and private banks at the earliest.
Speaking to the media at Manipur Press Club today, chairman of the JAC Wahengbam Joykumar said that a complaint has already been filed to the Chief Secretary of Manipur to ban all unregulated financial institutes and private banks in Manipur.
Claiming that SMART Society has been running an unregulated deposit scheme since 2003, he urged the State  Government to take cognizance of the offences committed by the SALAI SMART Society and SALAI Groups of Companies and do the needful at the earliest.