Guwahati, 14th June: In a shocking turn of events, Bhuwa Financial Establishment, operating under the name Shraddha Suraksha Nidhi, has reportedly absconded after allegedly looting approximately Rs 4 crore from unsuspecting customers in the Barpeta-Bajali area. The establishment, spearheaded by Rituparna Pathak along with his wife Geetanjali Pathak and sister Bibharani Pathak, abruptly vanished, leaving both clients and employees in turmoil.
Established around three years ago, Shraddha Suraksha Nidhi initially gained local trust, garnering significant deposits across branches in Barpeta, Bhabanipur, and Pathshala in Bajali. However, recent months saw mounting unrest as payments were delayed, culminating in the sudden disappearance of the owners.
Distraught customers and dismayed employees now face the aftermath, with aggrieved parties congregating at the defunct branches, demanding answers and restitution. Many customers shared tales of delayed payments and unfulfilled promises, highlighting the financial strain caused by the alleged fraud.
“I have Rs 1.5 lakhs deposited in this bank. If I don’t get this money, I don’t know what I’ll do,” lamented one customer, reflecting the sentiments of over 3000 affected clients. “Previously, they gave the money on time, but now there’s always a delay,” they added, expressing frustration over the situation.
Authorities are actively investigating the case, aiming to trace the fugitive owners and recover the embezzled funds. The Bhuwa Financial Establishment scam has not only shaken the trust of local residents but also underscored the need for stringent oversight and protection of financial transactions in the region.
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