Bishal Rai condemns news items about Bisco & Tina Finlese

Gangtok , Sikkim : Bishal Rai, Managing Director, Bisco & Tina Finlese has condemned the news items published in various newspapers about his disappearance from Sikkim after failing to pay the capital and the interest of the people who had invested in the said company as a share holders.

“The news of me absconding is totally false and misleading. We even went to attend the meeting summoned by the share holders,” said Mr Rai.

The share holders from Rabong, South Sikkim had come up earlier complaining against the company in failing to refund the money even after the maturity date. The share holders too complained through the Media earlier against the managing director and his associates when they failed to attend the meeting called up by the share holders.

As per the shareholders, the company had collected a sum of Rs 1 crore and 30 lakhs from the share holders.

Accepting the fact that the company has delayed in paying back the money with interest, Mr Rai clarified that the investment of the company was more than projected which resulted in minor problems. “But the problem will be sorted out soon,” he added. He also informed that seventy five percent of the people have got their money back and that the remaining twenty five percent will be disbursed very soon.

According to Mr. Rai, Bisco and Tina Finlese are registered companies with a link up with Reserve Bank of India. “It was established in the year 2002 with its head quarter in Namchi, South District with more than 3000 share holders across the State,” he said.

Stating that the company is genuine and not fake, the Managing Director has appealed the shareholders not to pay any heed to the rumours being spread by vested interests.

Source: Sikkim Express