Kapil Chit Funds — False information provided until I opened a chit account and changed words as they like when it came to auction and bid amount

Address:

Khamman -CAO

They said only 2 government sureties are required at the time of withdrawing the amount. Later when the chit commenced and in the 3rd month when we got to withdraw the amount they have asked us for 5 sureties instead of 2. When we said we can provide 2 government and 3 private sureties they said ok and took all the 5 sureties with proof documents. After few days they said since we couldn't get the 5 government sureties they are not releasing the amount.

If the chit fund company clearly communicated to us initially that 5 government sureties are required then I wouldn't have subscribed for the chit.

The kapil chit fund company have cheated us by providing false information regarding the chit process and surety details. We need explanation as to why they have lied to us and we need the money in return asap by accepting the 2 government sureties that we have provided because that is what they have told us initially.