Wednesday 14 December 2011

Investors petition Collector on MLM fraud


  Persons who had invested in a Coimbatore-based Multi Level Marketing (MLM) firm BirillacSolutions (P) Ltd. that promised heavy returns and monthly mobile recharge for a deposit of Rs. 500, petitioned the Collector here on Monday seeking action on the persons who cheated them and to help them get back the money.
One of the petitioners, S. Ashok Kumar of Erumapatty in Namakkal Taluk, told The Hindu that they petitioned the Superintendent of Police and Namakkal Sub Collector claiming that the accused – Subburayan, Head Constable in Tiruchengode Sub Division Camp Office and Mohanraj, a veterinary sales representative – had duped 260 persons to the tune of Rs. 1.93 lakh.
“More victims contacted us after seeing reports published in newspapers and now we have learnt that close to 40,000 persons in Tamil Nadu, Kerala, Maharashtra and Puducherry were cheated to the tune of nearly Rs. 2 crore”, Ashok said.
According to him nearly 20,000 of the victims are from Namakkal.
He claimed that the victims were cheated by the false promises made by the Namakkal heads of the firm by assuring attractive returns in the form of earning upto Rs. 2,000 per day in addition to free tours and other surprise gifts.
“They also gave us online receipts for our payments , but the websites has also been closed down now ”, he added.
Additional Superintendent of Police (PEW) T.P. Suresh Kumar, who received the petition during the grievances meet held at the District Collectorate, said that it has been forwarded to the Tiruchengode DSP A. Sujatha.
“We have asked her (DSP) to submit a report on the petition in a week's time, based on which action will be initiated”, he concluded.
‘Nearly 20,000 of the victims are from Namakkal'

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