A futile wait for depositors

By Our Staff Reporter

CHENNAI, JUNE 23. It is a long wait for depositors of the closed finance companies, not for getting back their money alone but for even meeting senior police officers of the Economic Offences Wing (EOW) too.

The depositors, who arrived at the City Police Commissioner's office, Egmore, at 10 a.m. today, the scheduled venue and time of what was supposed to be their first interaction with the EOW police after the AIADMK came to power, returned dejectedly as none of the officials turned up till almost 11-30 a.m.

It was a futile wait for them as many had come with a lot of expectations from the new regime and police set-up. More than the absence of the officials, what peeved them was the treatment meted out to them when they enquired about the meeting.

Mr. K. R. Shyam Sundar, the EOW IG, who was supposed to address the depositors as per the invitation received by The Hindu, was not available for comments. The invitation said the IG would be meeting the depositors of the city-based finance companies that `swindled' public deposits, at 10 a.m. on June 23, at the Police Commissioner's office, Egmore.

More than 406 finance companies, both unincorporated and registered under the Companies Act, that collected an estimated Rs.1,780 crores as public deposits from over 10 lakh people, had closed down since August 1996.

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Section  : Southern States
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