Unscrupulous elements exploiting the brand equity of the 128 year old Muthoot Group
New Delhi, December 29, 2015: Muthoot Finance, the flagship company of India’s leading business conglomerate- The Muthoot Group, has cautioned people against fake Muthoot Finance schemes and advertisements.
In a recent instance, an unidentified organisation has fraudulently attempted to lure customers/investors, through the platform of Muthoot Finance, by sending bogus loan approval letters to unsuspecting people. The unsuspected customers are further instructed by these fraudulent organisations to submit their details like residential address, ID proof and credit card details along with processing fee of INR 3,350 by cash to a dubious representative of Muthoot Finance.
Muthoot Finance, listed on both Bombay Stock Exchange (BSE) and National Stock Exchange (NSE), advises customers and the general public to exercise caution against such fraudsters. Muthoot Finance has clarified that it does not accept or take any money before grant of any loan against Gold ornaments and all business transactions are done through its branch staff at the branches only.
Muthoot Finance strongly cautions the public against sending money or disclosing bank or credit card details to any person who claims to represent Muthoot Finance or to have a relationship with the company.
Mr. Ranjit Singh, General Manager- Operations, Muthoot Finance Ltd said, “We are concerned about the harmful impact of such fraudulent practices on our customers in rural, semi-urban and urban areas. The company is looking into the matter and is also taking appropriate legal and punitive actions to curb fraudulent claims by fake companies and fraudsters.”
Customers are advised to verify the authenticity of such communication by referring to the Operations Department of Muthoot Finance at either the Head Office or the Corporate Office at the below mentioned phone numbers:
Head Office: 91-484 -2396478, 2394712
Corporate Office +91 – 11 – 4669 7777
Muthoot Finance, with a strong network of 4200+ branches and dominantly spread across India, has a strong foundation, deeply rooted in the following pillars – Ethics, Values, Reliability, Dependability, Trustworthiness, Integrity, Goodwill and Corporate Governance. These pillars have helped the company grow into one of the largest NBFCs in India today.
Corporate Comm India(CCI Newswire)
