Panic gripped the investors of multi-level marketing companies after they duped around Rs 400 crore from over lakhs of investors on the pretext of providing them high returns. Investors are running from pillar to post to get their invested money back.
According to a senior police official, Gold Sukh Trade India Ltd duped around Rs 203 crore from its 1.5 lakh investors and police have arrested 16 persons, including three directors, in this connection. The only question in the minds of the investors is that whether they are going to get their money back.
However police officials deny that it is not their work to return the money. Their duty is just to nab the criminals.
Likewise, another MLM firm, Eve Miracle Company duped 19 thousands investors of about Rs 145 crore. The company expanded its business in states of Maharahstra, Madhya Pradesh and Rajasthan, but the police were unaware of its activities. Recently, the Shyam Nagar police arrested Shivraj Sharma, director of the company. According to police, 14 kg of gold was also seized from the office of Eve Miracle.
In another case, Aditya Cosmos Pvt Ltd duped around Rs 19 crore from its investors and gold worth Rs 2 crore was seized from their officer. Company's two directors, Guru Baksha Singh and Ghanshyam Singh, were arrested earlier in the Gold Sukh case. Later, third director Guru Tej Singh was also arrested by the Vaishali Nagar Police.
Recently, another MLM firm Swarna Yug came under the scanner of the police. Before the arrest of company's directors Kamlesh Pareek and Pawan Pareek, they had amassed more than Rs 3 crore from its investors.
Another Sankalp Techno Trade Companies duped its investors on the pretext of buying them land at cheaper cost near Chaksu. Swarna Labh, an MLM firm on Tonk Road, also came under the scanner of the police. The Bajaj Nagar Police seized the documents of the company and investigation are on.
Ref: Daily Bhaskar
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