Muthoot Fincorp cautions customers against fake Debenture certificates


Trivandrum: Muthoot Fincorp Limited, the flagship company of Muthoot Pappachan Group (MPG), has cautioned the public against solicitation by unauthorised entities or individuals for bogus issue of debentures and such other products and issuance of fake certificates there against after collection of cash or cheques, copying or using the Muthoot Fincorp Ltd template.

Quoting a statement, “The Company would like to bring to the notice of its valuable customers that the genuine certificates would be issued only at the Muthoot Fincorp branches and would bear the company seal.”

George Lamannil, ED & General Counsel, Muthoot Fincorp said, “We hereby caution the public against fraudsters masquerading as our branch staff / agent and issuing fake denture certificates after collecting money from the customers. We are looking into the matter seriously and taking appropriate legal and punitive action to curb these fraudulent attempts. Moreover, we advise our investors to insist on proper identification, ascertain the genuineness of the debt issue and obtain receipts at the branch for any cash / cheque.’’

Muthoot Fincorp is one of the largest NBFCs in India, registered with the Reserve Bank of India. The company is a provider of mass finance in the form of gold loans and is amongst the largest Gold Loan companies in India.

Muthoot Pappachan Group, the 128 year old conglomerate, has been providing solutions, services and expertise to lakhs of customers across the country in various domains like financial services, automotive, property, hospitality, and alternate energy.

Over the years Muthoot Pappachan Group has grown to become a significant entity in the Indian business landscape. Currently it has more than 20,000 employees, serving over a million customers.

Kerala Biz News


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