Traders burn effigies of cycle firm for not clearing Rs 30cr dues

  • | Sunday | 14th October, 2018

And the moment the effigies were set on, the unaware businessmen started running for cover in the association office, and even behind cars parked nearby. They did not pay us our dues, citing that they had incurred huge losses. If company owners do not clear the due even now, we will stage a similar protest outside their homes in Delhi, and even lodge a complaint with the police.”Former president of UCPMA, Charanjit Singh Vishivkarma, who too is among the aggrieved, said, “This was a pre-planned conspiracy by company owners to cheat businessmen of Ludhiana. Ludhiana: In a show of anger against a big cycle manufacturing company for not clearing Rs 30 crore dues for the past three years, a large number of cycle parts manufacturers from Ludhiana burnt the effigies of company owners outside the office of United Cycle and Parts Manufacturers Association (UCPMA) on Saturday.Alleging that the company had played a fraud with innocent businessmen, UCPMA members and office-bearers of other business associations shouted slogans against the company owners, before lighting up effigies.UCPMA president Inderjit Singh Navyug said: “All our requests to the owners of company to pay back Rs30 crore to small industrialists of Ludhiana had fallen on deaf ears. But in reality, nothing like this had happened and they had played a fraud on us.”“We will not sit silent anymore, and our crusade against the company will continue until we get our money back,” he added.Other businessmen who took part in the protest included Avtar Singh Bhogal, Pardeep Wadhawan, Rajinder Singh Sarhali, Aman Kapoor, Rajkumar Sabharwal, Surinder Singh, Jagbir Singh Sokhi, Gurcharan Singh, Tejwinder Singh, Sanjeev Kumar, Balram Kalra, Rajinder Singh , Majit Singh, Gursewak Singh, Amarjit Singh Chauhan, and Inderpal Singh.Bizmen taken by surpriseConfusion prevailed among businessmen, as a majority of them did not know that the effigies contained crackers.

Ludhiana: In a show of anger against a big cycle manufacturing company for not clearing Rs 30 crore dues for the past three years, a large number of cycle parts manufacturers from Ludhiana burnt the effigies of company owners outside the office of United Cycle and Parts Manufacturers Association (UCPMA) on Saturday.Alleging that the company had played a fraud with innocent businessmen, UCPMA members and office-bearers of other business associations shouted slogans against the company owners, before lighting up effigies.UCPMA president Inderjit Singh Navyug said: “All our requests to the owners of company to pay back Rs30 crore to small industrialists of Ludhiana had fallen on deaf ears. If company owners do not clear the due even now, we will stage a similar protest outside their homes in Delhi, and even lodge a complaint with the police.”Former president of UCPMA, Charanjit Singh Vishivkarma, who too is among the aggrieved, said, “This was a pre-planned conspiracy by company owners to cheat businessmen of Ludhiana. They did not pay us our dues, citing that they had incurred huge losses. But in reality, nothing like this had happened and they had played a fraud on us.”“We will not sit silent anymore, and our crusade against the company will continue until we get our money back,” he added.Other businessmen who took part in the protest included Avtar Singh Bhogal, Pardeep Wadhawan, Rajinder Singh Sarhali, Aman Kapoor, Rajkumar Sabharwal, Surinder Singh, Jagbir Singh Sokhi, Gurcharan Singh, Tejwinder Singh, Sanjeev Kumar, Balram Kalra, Rajinder Singh , Majit Singh, Gursewak Singh, Amarjit Singh Chauhan, and Inderpal Singh.Bizmen taken by surpriseConfusion prevailed among businessmen, as a majority of them did not know that the effigies contained crackers. And the moment the effigies were set on, the unaware businessmen started running for cover in the association office, and even behind cars parked nearby.

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