Saharayn Universal Multipurpose Society — Non-receipt of interest

Address:	Khordha, Odisha, 751007
Website:	www.consumercomplaints.in/new_complaint

I invested Rs. 1, 50, 000/- in Saharayn e-Multipurpose Society ltd. in Bhubaneswar for one year. But after maturity on 30.04.2015, Sahara office, Bhubaneswar Branch, didn't pay the amount with interest in time . The Asst. Manager, Ramakant Dwivedy EC-22032, conveyed me that the fiscal condition of the company is not in good condition and that my amount with interest could be paid later on with the existing rate of interest i.e. 20% p.a. for the extended period . Then he could manage payment of Rs. 1, 00, 000/- only out of total amount of Rs. 1, 80, 000/- on dated 22.8.2015 and forced me to re-invest the remaining amount in another fix deposit scheme of Sahara for 02 yrs. saying that the company in not in a position to make payment of full amount. Then, he asked me to apply for claiming the balance amount for the extended period i.e. from 30.04.2015 to 21.08.2015. I applied for the same on 22.08.2015. Till date, I have not received the payment against my above claim. Now, the Asst. Manager Dwivedi is not responding to my claim. This is highly irregular and a case of cheating the investors. I am an ex-servicemen and my hard earned money should be protected. I request your honour to look into my matter urgently. The company has utilised my amount beyond the maturity date. hence, it is the liability of the company to pay for the remaining period. Pls redress my grievance . Similar cases of non-payment of dues could be many in Bhubaneswar Branch of Sahara India. Pls look into my concerns and safeguard the valuable money of many other innocent citizens like me. My name is Manoj Kumar Pradhan, Mob. No. [protected], Thanks.