ADARSH CREDIT COOPERATIVE SOCIETY: INVESTORS, DEPOSITORS, AND STAFF ASK GOVERNMENT TO REMOVE LIQUIDATOR
The new liquidator put by the Government has put the Adarsh Credit Cooperative Society under threat. The security of Investors and Depositors are under vague after the announcement of the new liquidator. Also, the salary of the staff members is pending for the past 8 months and they have urged the PM to look into the matter and address their grievances.
Adarsh Credit Cooperative Society is a Multi-State Cooperative Society lending credit to various communities. It has around 25,000 Investors and Depositors across India and has around 820 branches in various cities. The Credit Society is under risk and the future seems very uncertain.
The Investors, Depositors, and Staff members have taken over the social media to ask for justice. They have requested the PMO to remove the liquidator and save the credit society. #SaveAdarshCredit is a trending tweet on twitter and the members of the society have collectively started a movement to gain momentum and save society.
The current liquidator has put the lives of the members and their kins in danger. People have expressed their anger and conveyed that the current liquidator has put the lives of the Investors, Depositors, and Staff members along with their families at risk. The future of the families of the members and staff is really in danger, said most of the tweeters.