The Human Welfare Credit & Thrift Co-operative Society is facing allegations of financial irregularities and mismanagement. A complaint was filed in December 2023, alleging various irregularities, and the society has also been cited for not filing its mandatory annual return for the financial year 2023-24. Additionally, some investors have reported being duped by the society, with claims of not receiving promised returns on investments.
Specific Updates and Concerns:
- Complaint and Allegations:A complaint was received regarding irregularities and mismanagement in the society’s functioning.
- Annual Return Issue:The society has not filed its mandatory annual return for the financial year 2023-24.
- Investor Disputes:Some investors have reported issues with receiving promised returns on their investments, including cases where the society allegedly failed to return invested money after the maturity period.
- FIR Filed:An FIR has been filed against the society in connection with alleged financial fraud.
- Portal Closure:The society’s portal has been reportedly closed, leading to protests by employees who claim they have been defrauded.
- Lack of Transparency:Investors have expressed concerns about the lack of transparency and accountability in the society’s operations.
- Multi-State Society:The Human Welfare Credit & Thrift Co-operative Society is registered as a multi-state cooperative society.
- Haryana Connection:The society has expanded into Haryana and has been implicated in cases of alleged fraud in Panipat.
In summary, the Human Welfare Credit & Thrift Co-operative Society is facing serious allegations of financial misconduct, including mismanagement, failure to file mandatory returns, and investor complaints of fraud. These issues have led to protests and legal actions against the society.
