Ira Finance of the Birla Emporiums on Wednesday announced that it will continue the repayment process to their investors from December 12 by opening its new office at Luwangsangbam in Imphal East.
Speaking to the media at the Manipur Press Club in Imphal, director of Ira Finance, Y Irabanta, said that the company had been in a financial crunch due to certain factors. However, 80 per cent of the investors had already recovered their shares amounting to more than Rs 100 crore through property assessment, he said.
The repayment operation was started on September 10, 2021, he said, adding that the company has not retreated in paying back to the investors though it takes time.
Regarding the frauds in the company by various former staff and employees, the director sought help from the intellectual circles of the state in investigating the fraud and streamlining the company.
Stating that Ira Finance of the Birla Emporiums is a registered body of MSME and MCA where its RBI license is pending, he assured that the company will stick to the guidelines as per the rule.
Calling on the loanees to start repaying the loans for the smooth running of the company, he appealed to the public to refrain from giving any kind of pressure or threat to the company to ensure smooth progress of the repayment process.
Clarifying that Ira Finance is not related with any unlawful organisations, he appealed to the public to not believe any ill-fated allegations made against the company.