Manipur: NIA arrests Salai Holdings and Smart Society MD E Brojendro

IMPHAL: In a sensational development, the National Investigation Agency (NIA) has arrested Salai Holdings and Smart Society MD Elangbam Brojendro. A board member -- Narengbam Biswajit Singh -- has also been arrested.

For the unvitiated, the Salai Holdings group is a kind of micro finance group that used to take deposits from thousands of people from Manipur promising them a return of 4% per month.

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"Many households in Manipur are now affected as they have stopped payment of interest since their director announced an Independent Manipur recently from London," a source informed us.

The company entered the limelight after former founder director and chairman Narengbam Samarjit announced the formation of a 'Manipur government-in-exile' in London. His account was later frozen by the Manipur Government on grounds of "waging a war against India and the state government."

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Singh and his accomplice Yambem Biren also claimed to have support from Manipur’s titular king Leishemba Sanajaoba. Interestingly, Sanajaoba was elected to the Rajya Sabha earlier this year on a BJP ticket.

Meanwhile, SALAI Holdings Pvt Ltd, has declared that the company has no relation whatsoever with the statements made by its former founder director and chairman Narengbam Samarjit regarding the separation of Manipur from India.

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