At Rajannasircilla district, Tangalapally mandal, near Jillela crossing a society named Mudra Agricultural and Skill Development Multi State Co-operative Society Limited has set up a branch two years ago saying that anyone can save money in their society starting from Rs.30 to Rs.1500 per day. Likewise they have taken lots of deposits from people in the name of savings. Only in Jillela village alone 200 above depositors are reported. Nearly from 40,000 to 4 lakhs 80 thousand has been saved in the society by the people. Almost Rs.5 crores has been saved in the society as per the Jillela people.
This society has been closed from one week onwards and upon enquiry, shocking things has been revealed that the employees working in it have also deposited nearly Rs.1 lakh to get jobs in it and they are also waiting for the society to be opened. The main person behind the society was out of contact. People who has suffered from this are asking government to help them get their deposits and savings back as it is their hard earned money.