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Home Cooperative Complaint Board

Adarsh Credit: Who will help Vijayawada Ajayababu

Staff Reporter by Staff Reporter
June 12, 2020
in Cooperative Complaint Board
1
Adarsh: Victim writes to Liquidator and Central Registrar
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Respected sir,

My name is V Ajayababu and I am working in Adarsh Credit Cooperative Society Limited at Vijayawada Benz circle branch. Here payments are not coming from the company as the entire management is in jail.

I do not know what to do as depositors are coming to my home and asking for their amounts.

More than 21 lakh members, 4 lakh advisors and 4000 staff have been struggling here for the last two years.

All their basic existential needs such as house rents, medical expenses, children’s education fees and daily expenses go unanswered as the money is blocked.

The company was registered with the Union Agriculture Ministry and it started in the year 1999 under the multistate cooperative society act.

Kindly ensure your support and help the innocent people.

Rgds

Ajayababu Varela

Vijayawada

AP

Tags: Adarsh CreditAdarsh credit cooperative societyBreakingComplaintcooperativeLakhV Ajayababu
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Comments 1

  1. Jaswant Tak says:
    6 years ago

    We were having lot of hopes from BJP government. The sad part is even after hundred of tweets to PMO and FM, no body is responding.

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