More than 1,300 citizens have come forward to express deep frustration and grievances against 'Fintech Investment Group,' an electric vehicle importing company, alleging that the firm has failed to deliver vehicles despite customers having completed their savings requirements.
The situation has escalated into a humanitarian crisis for many of the affected individuals. Reports indicate that the financial strain caused by the company's failure to fulfill its contractual obligations has led to severe personal consequences for the savers. Many of these individuals, having invested their life savings, now find themselves in dire straits.
According to accounts from the affected group, the impact has been devastating. Some individuals have reported that their marriages have collapsed under the financial pressure. Others, having sold their only means of income—their taxis—and their homes to fund the investment, have been left homeless and destitute. The extreme stress of the situation has reportedly led to mental health crises for several of the savers.
The protesters are calling for immediate accountability and a resolution to the dispute, as the delay in vehicle delivery has left them without their promised assets and, in many cases, without any financial safety net. The case highlights the growing concerns regarding consumer protection in the emerging electric vehicle market in Ethiopia.
As of now, the affected citizens are seeking intervention to recover their investments or receive the vehicles they were promised. The situation remains fluid as more individuals continue to come forward with similar complaints regarding the company's operations.
Source: Telegram / tikvahethiopia