An Indian supermarket chain that runs more than 20 supermarkets and hypermarkets in all emirates except Abu Dhabi shut down most of the branches after the owner allegedly fled the country.
The local sponsor, suppliers and employees of Ajman-headquartered Al Manama Group on Thursday alleged that the managing director of the group had left the UAE two months ago without paying salaries and pending payments.
Addressing the media, a group of around three dozen suppliers claimed that the 40-year-old company, which never had any previous history of bounced cheques and delayed payment, sank in the past few months.
Stanley Rodrigues, general manager of Datar and Sons Limited, said many suppliers including him were told that they would be paid by the end of November. “But on November 25, we heard that something wrong was going on and when most of us went to their head office, we found it closed.”
Since then, nobody from the management has been answering calls, the suppliers claimed. Naveen S. Gopalan, sales manager of Seven Harvest Trading, said some suppliers whose cheques have bounced have filed complaints.
When contacted, however, the local sponsor said the group run by Abdul Khadar Sabeer, hailing from the South Indian state of Kerala, has gone bankrupt and Sabeer, the managing director, has fled the country. He claimed that he has settled the payments of around 600 employees though he was not obliged to do so.
Though another group has taken over a few outlets, Al Matroushi said he was not made aware of the power of attorney that Sabeer has given them.
Source Credit: Gulf News