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Crime Branch cautions public on multipurpose Co-op society accepting deposits

K H News Service by K H News Service
November 16, 2018
in Region
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Jammu: Crime Branch Jammu Thursday cautioned the general public to desist from doing any kind of business with the Rural Development Multipurpose Co-operative Limited (RDMCL) as the Society is doing banking without RBI permission.
“This is for the information of the general public that the Crime Branch Jammu is in receipt of complainants from a number of complainants and also from the Registrar Co-operative Societies J&K regarding undertaking the business of Banking/credit and the misappropriation of deposits of the public by the said Co-Operative,” a statement by Crime Branch said.
It said the RDMCL is doing the business activities without obtaining the license from RBI, a prerequisite for such transactions.

K H News Service

K H News Service

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The publication of “Kashmir Horizon” as an English daily was started with a modest attempt on May 19, 2008.It has been a Himalayan attempt for “The Kashmir Horizon” to survive the challenges posed to journalism in the violence fraught place like Jammu & Kashmir.

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