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User_c890991f
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January 13, 2025 at 8:52 am

In 2016, my father faced a similar issue with Shriram Chit Funds. He was on a 5-year plan, where employees would collect monthly payments from our home before app payments became common. For over two years, a specific employee collected payments regularly. However, we later discovered that he hadn’t deposited the payments for four months.

Despite our efforts, we couldn’t recover the money. Through connections, my father learned that this employee had done the same to over five others, with theft totaling ₹1 lakh in a nearby town. Shockingly, he was transferred to our town despite the company knowing his history. The branch manager was also complicit.

The company tried to force my father to pay the dues, but he hired an attorney and refused, as we had all the necessary records, including cheques and bills. Eventually, they were forced to waive the dues for us and others. However, those involved in the fraud were simply transferred to another branch and remained employed.

don’t trust the employees and always maintain proper payment records. Hire an attorney.

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