The Office of the Registrar of Cooperative Societies has recently announced the withdrawal and cancellation, with immediate effect, of the permission and No Objection Certificate (NOC) granted to Tirumala Tirupati Multistate Co-operative Credit Society Ltd. to operate and open 13 branches within Goa. This decision follows concerns raised by the government of Goa over non-compliance and suspicious activities. Despite this, Goan agents continue to go door-to-door assuring people that their money will double with the highest interest rates. Failure on the part of the society to submit proper documents and cooperate with government formalities raises red flags. It seems to be a deceptive attempt to exploit Goans’ greed for quick money, which could lead to a major financial shock in the near future. We urge all citizens not to fall into the traps set by such agents and to exercise extreme caution before investing their hard-earned money. Let us stay vigilant and protect our community from such fraudulent schemes. Already people of Goa are in a deep pain due to previous co-operative credit society scams from which till today people have not received their money after the branches have closed.
