Rs 50 lakh demand has IOC on the back-foot, say dealers

Rs 50 lakh demand has IOC on the back-foot, say dealers   The depot manager of the Indian Oil Corporation, Manipur Regional Office has been served with a monetary demand by the proscribed PREPAK. This was informed to the media by petroleum agents and dealers of the IOC in a press conference held at Imphal Hotel conference hall today. The spokespersons who do not wish to be named mentioned that one finance officer of the proscribed outfit identified as P Chinglen Meitei has demanded the IOC depot manager, Choudhury a sum of Rs 50 lakh. The notice was served on July 15 and the deadline falls on August 27, they said. The dealers on behalf of the IOC mentioned that the corporation cannot bear the extortion and it is with all possibility that the regional office located at BT Road co...
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