Ujjain police summon Janak Gandhi
UJJAIN POLICE have issued summons to Gujarat Mercantile Credit Sahkarita Limited (GMCSL) head Janak Gandhi and its Board of Directors to come in person at Madhav Nagar police station (Ujjain) and explain their part of the story as to why they cheated the depositors.india Updated: Jun 19, 2006 12:00 IST
UJJAIN POLICE have issued summons to Gujarat Mercantile Credit Sahkarita Limited (GMCSL) head Janak Gandhi and its Board of Directors to come in person at Madhav Nagar police station (Ujjain) and explain their part of the story as to why they cheated the depositors.
The police have given them three days to submit a reply, failing which they will be declared absconding. The three-day duration expired this evening. GMCSL has a branch at Madhav Nagar in Ujjain.
The notices have been issued in response to more than 40 complaints registered with Madhav Nagar police station under Sections 406, 409, 420 of IPC and provisions of Small Investors Protection Act. The notice said that their property would be attached if they failed to submit a reply.
The police would put up the matter before Ujjain district court to seek order for property attachment. Madhav Nagar TI Basant Kumar Mishra, who arrived here this evening, said that police have sought details of properties owned by Gandhis and GMCSL Board of Directors from Indore and Ujjain Municipal Corporation for this purpose. Ujjain SP office has received 51 complaints against GMCSL, while eight FIRs have been filed there.
When contacted, Ujjain District Collector Neeraj Mandloi said that administration was determined to pursue the matter, as there was lot of pressure from depositors, who have invested life’s savings with credit cooperative, to act against the BoD.
Back home, some directors like Nagin Bhai Kothari returned Ujjain police notices on the ground that they were unavailable. Meanwhile, local depositors called on District Collector Vivek Aggarwal to complain that GMCSL was unable to settle their books of accounts, as they have been sealed Basketball Complex.
To this, Collector said that administration would allow GMCSL to remove the records from there, as a furniture shop owner was allowed to remove his stocks from the premises.
Strangely, State Police Department is acting in two different ways. Indore police have virtually slept over the complaints lodged at Tukoganj and Central Kotwali police stations in this regard. The Ujjain police, on other hand, have woken up to pressing demand of beleaguered depositors.