The Railway is closing a eye to hard reality

The Chennai Society (RECCS Ltd) started distributing dividend warrants to its members in Chennai Division today.

In the last few years, the dividend amounts were credited to each and every member’s account by direct bank transfer.

It is clear that this time the Society is going to pay the dividend amount by cash, at least in Chennai division.

Considering that there are atleast 12000 members eligible for dividend in the Chennai division only.

Reliable sources say that each member will be paid around Rs 7000 to 10000 as dividend, nearly 10 crores will be paid as cash to the members by the Society in Chennai Division itself.

“The only reason for the cash payment of such huge amount at this time of Pandemic is that the union elections are around the corner and the SRMU, which manages the Society, is planning to collect a portion of the dividend amount from each member by hook or crook to their election fund”, sources said.

Some employees of Southern Railway Chennai Division said that, “It is very unfortunate that the Railway is closing a blind eye to this hard reality”.

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