Depositors queue up at Sangolli Rayanna Cooperative Society


love dale belagavi

From the past several months the depositors of Shri Krantiveer Sangolli Rayanna Co-Operative Credit Society were not able to get back their deposits even after maturity.

The depositors since the past week were seeing going to the house of the president Anand Appugol and also follow up with the bank, but the bank was unable to repay the deposits.

sangoli-appugol

Today president Anand Appugol of Shri Krantiveer Sangolli Rayanna Co-Operative Credit Society broke down during the press conference.

Anand Appugol had produced the Mega Kannada film Sangolli Rayanna.

At the press conference the broken down Anand Appugol said

The Society had suffered losses due to demonetisation. At the same time denied wrong use of the depositors money or any irregularities and vowed to return money, with interest.

Later he asked a time of three months within which time frame he has promised to return the money to the depositors.

On the question as to how he hopes to raise the 300 odd crores he said he has prime property in city and other cities which he would sell and arrange the funds for repayment.

Trinity Belagavi
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11 COMMENTS

  1. Demonitization ??? Why people fall prey to highest interest rates which is technically not possible.Now wait and watch…

  2. Have you guys ever thought how can he offer so much interest. Double the money in a short span. You lost money because of greed. There are better ways for investment. Always think, investigate before you deposit/invest your money. Blaming others for your mistake will not help.

  3. Ur money was not unaccountable or black money. U can show documents and exchange from RBI like other private banks.. now u watsed all money in film politics and life style so only blaming demonetization to divert focus

  4. If he is unable to pay the fd back then give the real estate lands. We will not let him.. We all should unite and fight for the justice friends..
    He has misused the money by investing in real estate or by keeping cash in hand before demonetisation..

  5. I want to file a case against this bank and him as even I am in loss. This is total fraud, giving reasons. Kindly help me with some links or sites where I can also file case online and which works. People like me are suffering all because of this fraudster who are depending on the amount that we were supposed to get.

  6. I want to file a case against this bank and him as even I am in loss. This is total fraud, giving reaons. Kindly help me with some links or sites where I can also file case online and which works. People like me are suffering all because of this frustrater who are depending on the amount that we were supposed to get.

  7. Neither demonetization nor Because of the block buster Kannada film is the reason. The main reason is Politically funding. Isn’t it??

  8. demonetization ?? how did u loose money ? you have exchanged through RBI or else deposited ur money to ur parent bank ?

  9. Now he is shedding crocodile tears and playing victim card.why blame demonetisation for the lavish lifestyle he use to spend at the cost of depositors cost.when he claims that the picture he produced was hit one then where that money gone? One should file a case against him for cheating.

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