Co-operative society accused of fraud by investors

Arth Credit Co-operative society accused of fraud.

Co-operative society accused of fraud by investors

People investing their money in a credit co-operative society have accused the society of fraud. As per the investors, the society is not returning their invested amount. As per reports, the agents who looped in investors in Arth Credit Co-operative Society are neck deep in trouble. The investors are demanding that their money should be returned but the agents are unable to do so as the society organisers are nowhere to be found. Following this, it has become difficult for the agents to convince the investors.

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The agents took the help of police in this case as they have no idea of the whereabouts of the organisers. Investors are after the life of agents as agents had looped them into the company and had a lot of amount invested. The agents get commission from the company for getting investors.  The situation now is that almost 3 dozen agents from Rajasthan, Madhya Pradesh, Gujarat, Haryana, and Himachal Pradesh are searching for the company organisers. The agents informed SP and District Collector that around 80 crore rupees were invested by people from various states in Arth Credit Co-operative Society. People now want their money to be returned but the organisers of the company are absconding. There is no possibility for the agents to refund the money of the investors.

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