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Nov 30, 2008

Investors In ICS Finance Told To Contact Officials

District Collector V. Palanikumar has said that investors who are yet to get back the money that they had invested with ICS Finance should approach the District Revenue Officer or the Deputy Superintendent of Police (Economic Offences Wing) for initiating action to get back their money.

A release from the Collector said that there were complaints that those who had invested in ICS Finance in Ram Nagar were not getting back the money. The Economic Offences Wing (EOW) has registered a case and a charge sheet has been filed. The owners of the firm has agreed to return 70 per cent of the amount to the complainants. Of the 1,673 investors, funds were returned to 1,469 investors. Of the remaining 204 investors, petitions are received only from ten. They have been asked to approach the office of the District Revenue Officer (J Section) at 301114 (Extension 57) and Deputy Superintendent of Police, EOW (phone: 2303669).

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