Ira Finance of the Birla Emporiums on Friday sought the support and assistance of investors in the repayment process as assets amounting to around Rs 100 crore are being held up by 19 former staff of the company.
Speaking to the media at the Manipur Press Club in Imphal, director of Ira Finance, Y Irabanta, informed that repayment process to their investors has started from Monday by opening its new office at Luwangsangbam in Imphal East.
Stating that there are around 400 investors whose investment amounting to Rs 10 to 15 crore is yet to be refunded, he said that the company is working at its best level to pay back each and every penny to the investors.
He explained that due to misuses of the company’s assets and property by some fraudulence that are former staff of the company, there had been a financial crunch.
Apprising the former staff who is withholding the company’s assets to hand it over to the company and the loanees to pay back their due, he cautioned initiating stringent action against them if they failed to do so at the earliest.
Investors' patience will make the repayment and settlement process successful, he said, appealing to the investors to not believe any allegations made against the company by some vested groups or individuals.