Hundreds of residents in Dimapur and Bokajan in Assam have registered police complaints against Phi nix Properties Private Limited, reportedly a chit fund company having its branch in Bokajan.
The residents were demanding the immediate arrest of one Rajib Bardhan, branch manager of Bokajan branch for not paying dividend to the customers who have invested crores of rupees in the company.
Alleging misappropriation of money by the branch manager, they have demanded recovery of their investments.
Meanwhile, Dimapur East police station has also sought cooperation of Bokajan police in arresting Rajib against whom a cheating case to the tune of Rs. 20 crore has been registered by local residents.
SDO(C) Bokajan have now sealed the Bokajan branch office of Phi nix Properties Private Limited and police has seized a Bolero (AS01AR7282) owned by Rajib from Chandrapur locality of the town Saturday.
To avoided public fury Rajib Bardhan constantly remained away from his office but the investors managed to corner him last Wednesday but he escaped. His company has reportedly invested crores of rupees in profitable business in various cities in the country.
“This company is profiting from our money which has swelled up after maturity. Not only has the company but Rajib also channelized large sum of money in illegal business out of our hard-earned money” said a dejected customer of the chit fund company.
“We handed over Rajib to Bokajan police few days back but police allowed him to go scot-free instead of arresting him” alleged one agitated investor.
It has also learnt that Phi nix Properties Private Limited does not have any office in Nagaland and that the company transacted business from Bokajan.
This has apparently created more confusion among the swindled Naga investors who were now pinning hope on police for recovery of their money. Ambiguous cheat fund companies in the recent past have mushroomed in many areas of Karbi Anglong and Nagaland.