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Vol. XLVIII · No. 134 · Established 1978 · Founded by K.B. Ganapathy
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Women’s Co-op. Society in the dock for misuse of gold jewellery, money

Mysore/Mysuru: Accusing the City’s Women’s Credit Co-operative Society located in Kuvempunagar K Block of misuse of large sums of money,a member of the Society has lodged a complaint with the Ashokapuram Police…

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Published August 3, 2020 · 1 min read
women’s co-op. society in the

Mysore/Mysuru: Accusing the City’s Women’s Credit Co-operative Society located in Kuvempunagar K Block of misuse of large sums of money,a member of the Society has lodged a complaint with the Ashokapuram Police alleging that the Society has cheated her of pledged Gold Jewellery.

The member Shanti D.Avaradi, a resident of Kuvempunagar, in her complaint said that she had availed Rs.10 lakh loan from the Society after pledging 780 gms. of Gold in 2012. After clearing the loan in full along with interest, she applied to the Society for getting back her pledged gold in July 2019. But the Society failed to return her pledged Gold although she had cleared the loan she had availed along with Interest. When she persisted the Society to return her Gold,the Society Secretary told her that the Society has availed Rs.8.65 lakh loan from Manappuram Assets by pledging 344 gms.out of the 780 gms she (Shanti) had pledged with the Society.

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