 "FTIL employees on salaries")
Amid fears of delay in salary disbursement, employees of Financial Technologies (India) Ltd (FTIL) presented a memorandum to the officials of the Economic Offences Wing of Mumbai police on Tuesday seeking continuation of salary disbursement by the company.
On 20th July, the EOW had attached properties worth Rs 2000 crore including the head office of FTIL and its bank accounts in the Rs 5600 crore payment default that occurred on its subsidiary National Spot Exchange Ltd (NSEL) three years ago.
“We are afraid of our salary as media reports say attachment of bank accounts. This means, no expenses including salary, gratuity, provident fund, utility bills etc would be paid. This would have a massive repercussion on employees with several defaults of home loan equated month installments (EMIs) etc. This needs to be met through release of employees’ salary on regular basis,” said an FTIL official who did not wish to be named being the matter sub-judice.
He further added that the fear mounted with the month coming to an end and the fixed date of salary approaches.
“It is our right to defend our salary before the competent authority,” he quipped.
On 20th July, the EOW had attached properties worth Rs 2000 crore including the head office of FTIL and its bank accounts in the Rs 5600 crore payment default that occurred on its subsidiary National Spot Exchange Ltd (NSEL) three years ago.
“We are afraid of our salary as media reports say attachment of bank accounts. This means, no expenses including salary, gratuity, provident fund, utility bills etc would be paid. This would have a massive repercussion on employees with several defaults of home loan equated month installments (EMIs) etc. This needs to be met through release of employees’ salary on regular basis,” said an FTIL official who did not wish to be named being the matter sub-judice.
He further added that the fear mounted with the month coming to an end and the fixed date of salary approaches.
“It is our right to defend our salary before the competent authority,” he quipped.
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