Need to do more
IFP Bureau7 Nov 2023
Cautioning the general public about frauds is alright. But, the government needs to do more than that. Educating on the benefits of the formal banking sector is an important thing.
Found5articles in taglamjingba-group
Regulating private banks
IFP Bureau21 Apr 2023
IFP Editorial: In the loan section, people opt for private banks as they provide easy loans though interest rates are high. The main reason for private banks booming in Manipur leaving nationalised banks behind, is because of easy accessibility, high interest rate, not having to disclose the source of funds but investing in a microfinance company is just like gambling.
Ponzi Scheme: Lamjingba Group managing director in judicial custody till February 13
IFP Bureau30 Jan 2023
The Enforcement Directorate had arrested Lamjingba Group managing director Sanasan Jacky in a money laundering case linked to a ponzi scheme through which 15,000 investors were duped of their investments to the tune of Rs 580 crore.
ED freezes properties worth Rs 1.3 crore of Lamjingba Group
IFP Bureau24 Jan 2023
ED had conducted search at eight different locations situated in Gurugram (Haryana), Kolkata and Manipur in a PMLA case involving large scale ponzi scheme operated by the accused Sanasam Jacky, managing director of Lamjingba Group of companies based in Manipur.
Three offices of Lamjingba Group sealed for failure to provide drinking water
IFP Bureau10 Nov 2020
When the Imphal Free Press interacted with one of the PREs, Angamba Thongam of Thangmeiband, he said that he heard the news on a TV news channel stating that a case will be filed against the PREs.
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