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SNE staffs, depositors appeal for justice
Published on 28 Jul. 2010 12:05 AM IST
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Ever since the arrest of Specular North East (SNE) manager R.K Nath alias Shambu Das, who has been charged of swindling the depositors, similar complaints have surfaced from staffs and depositors of other SNE units.
According to the member depositors of Mokokchung branch and sub-branches of Tuli, Mangkolemba and Tuensang they have been depositing regularly with great hope and belief of receiving back the amount on maturity with an interest of 6% p.a. However, till date only few members could draw the amount and the rest were still waiting for the maturity amount to be sanctioned.
In connection with this, they urged the court not to release the accused, from police custody, until justice served. A separate statement from SNE, Tuensang Branch also appealed to the court of law not to release the accused R.K. Nath from police custody “until and unless justice is served.” Tuensang branch has 450 member depositors and has 11 employees serving under it.
They said R.K.Nath has to pay salaries and matured deposited amount Rs.10 lakh approximately, with 6% interest p.a. Meanwhile, the SNE Wokha branch, while appealing before the court to deliver “fair justice”, said the branch, with 20 SNE employees and 100 members, had sent an amount of Rs 13, 80,000 approximately to the head office, Guwahati since the inception of the office.
“But till date not a single paisa have been sanctioned for Wokha branch,” they said, adding owing to nonsanctioning of fund or recovery of the amount sent to the head office, the branch staffs have been physically, mentally and emotionally harassed by the depositors.
The SNE Wokha branch employees said such harassment by depositors was reported to the head office but no remedial measures were taken, and instead cheque amounting to Rs. 4 lakh got bounced, they said.
The Wokha branch has also appealed to the court to deliver justice. They also requested the depositors to bear with it till justice delivered
SNE Mon branch and sub-branches have also appealed the district session judge, Mokokchung not to grant bail or release the accused before justice delivered. R.K. Nath has to pay approximately Rs. 5 lakh to the employees and depositors in Mon district, which has six branches, they said. Meanwhile, the Zunheboto SNE branch depositors have made a “sincere appeal” to the court not to release the accused.
Following a case field by SNE Nagaland, the head office manager R.K Nath was arrested from Guwahati and brought to Mokokchung. The Mokokchung district court, which heard a bail plea by defence lawyer of Nath on Tuesday, postponed the date of pronouncement of the verdict.
It may be mentioned that SNE – a micro financing organisation – was established in Nagaland in the month of June 2008, with branches in Tuensang, Longleng, Zunheboto, Wokha, Tuli, Mangkolemba, Tsumenyu, Jaluki, Phiphema, Kiphire and several other places.

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