When the central
bank granted the micro finance banks funds for the ability to provide loans to
the populace it was welcomed with great applause. But little did we know that
most of the big boys in those Banks will turn around to start using the money
for themselves and their close friends.
But what is very baffling is that, they allow people to come in, submit documents, do investigation over your documents claims and all that and it ends there. It has come to our notice that most (if not all) Micro finance banks are running fraud. When we say fraud, we mean big time fraud.
But our worry now
is this? "Has AB Micro Finance Bank joined the soiled ones?
Why do we say
this?...It has come to our glaring notice, that AB Micro Finance Bank might have
a pattern of operating their own fraud so that the Central Bank does not get
suspicious of it.
Below is how the
operation is being carried out.
