From
rohit sharma
jamshedpur
jharkhand -831011
To
respected sir
Investor's protection group /investor association:-
opportunity availed by predatory promoters & unscrupulous
magt to play with public money without any fear of law.
A regulatory body, with due responsibilities to protect &
safeguard the interests of public /customers in respective
regions if close their eyes /not take serious think to the
situation with proper scrutinisation before extending their
support then some day rather the common man will be burdened
with undesirable load to fulfill their desires.
The clause /bylaws incorporated by jusco admn/municipal corpn/banks
to adhere with their individual norms are being ignored in every steps.
there now remains no right mechanism to protect inflations /interests
of society.
It now indicate that these bodies in their respective area encouraging
unsbrupulous promoters/builders to play with public money without any
fear of law.
No one now is accountable for their intentional omissions only interested
how to accumulate money, does not require to pay tax, inexchange to their
favours. As such the sufferings of common man in the society never ends.
rbi's move clearly spells out that things need to be done to keep inflation
under control. the benchmark raised by rbi straight away ignored by different
banks while sanctioning loan to individuals as well as diff promoters.
bank never follow with correct scrutiny before passing the loan ie now
loans passed on illegal constructions not adherewith the bylaws.
for the sake of under table kickbacks the scrutiny in every sphere ie
1-KICKBACK STARTED AT :-at municipality level who never bother for
illegal construction ignoring the plans passed following the byelaws.
2-At tata's jusco level who for the sake of money indirectly encouraging
it as well as extending connections for electricity & water to these
illegal constructions.
3-banks who ignoring the norms of sanctions loan on the basis of original
drawing passed just passing the loans without any fear of law.
Now all three basic authorities joining hands siphoning of public money
unlawfully.
copy to
1. D.C, jamshedpur
2. A.D.C jamshedpur
3. Directorate of Public Grievances
4. M.R. Tshering, Director
5. Saibal SarkarDeputy Secretary
6. officer of lic housing, eastern region
7. jusco, jamshedpur
8. Banking Ombudsman
a). Shri Biplab Chakraborty
C/o Reserve Bank of India
Pt. Jawaharlal Nehru Marg
Bhubaneswar-751 001
b). C/o Reserve Bank of India,
South Gandhi Maidan,
Patna-800 001
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