Indiaherald Group of Publishers P LIMITED

X
close save
crop image
x
TM
Thu, Jan 17, 2019 | Last Updated 6:14 am IST

Menu &Sections

Search

Police arrested CMD of Multilevel Marketing Money Circulation Scheme

Police arrested CMD of Multilevel Marketing Money Circulation Scheme
Police arrested CMD of Multilevel Marketing Money Circulation Scheme
http://apherald-nkywabj.stackpathdns.com/images/appleiconAPH72x72.png apherald.com

Hyderabad sources stated that the Economic Offences Wing (EOW) of the Cyberabad police said that it had busted a New Delhi registered multilevel marketing money circulation scheme that had duped 20 lakh victims from around the country to the tune of more than Rs 1,200 crore. Meanwhile the police the company was headed by Radhe Shyam, a Class VII drop-out. Accordingly police arrested Shyam, chief managing director of Future Maker Life Care Global Marketing Pvt Ltd, and his associate distributor Surender Singh and seized Rs 200 crore from them.



Furthermore the Future Maker is registered with the Registrar of Companies, New Delhi, and has its head office at Hissar, Haryana. Hence the scam came to light with a cheating case booked by the Kukatpally police which was later handed over to the EOW which took up the investigation.

Police arrested CMD of Multilevel Marketing Money Circulation Scheme

Moreover the Cyberabad police commissioner V.C. Sajjanar said the company had used a binary scheme, under which one person had to enroll two persons, where each of these two persons had to enroll two others and the chain continued. He said “They advertised in leading newspapers and lured non-working class sector like housewives, unemployed youth and the joining fee was Rs 2,500 and Rs 5,000 allotted for purchase of clothes and medicines”.

Police arrested CMD of Multilevel Marketing Money Circulation Scheme

Police arrested CMD of Multilevel Marketing Money Circulation Scheme
5/ 5 - (1 votes)
Add To Favourite
More from author
Why YS Jagan Sister made a complaint with Hyderabad Police?
Mahesh Kathi comes with another controversy with Pawan Kalyan
Trump ordered American feast of burgers for visiting football team
Telugu comedian Brahmanandam undergone bypass surgery
AK Sikri declines joining commonwealth tribunal!
Kodanadu estate case investigation in peaks!
UP minister's tells people to burn politicians!
Supreme Court notice to central govt!
A Judge partially blocked a set of Trump administration rules
Follow Indian Traditions Leave Western Lifestyles: Venkaiah Naidu
Unresolved differences between Kanchi Seer and Mahatma Gandhi continues
Cockpit Voice recorder of Lion Air Jet found
Modi said BJP worker is driven by National Interest & not by any self-interest
KCR plans that will last generations
RBI tokenizes transactions made through Debit, Credit & Prepaid Cards in India
TNSTC announced it will operate an additional 14,263 services for Pongal
Modi calls DMK as the biggest enemy!
Terrorists killed in early morning encounter!
Dinakaran Vs Anbazhagan catches fire!
Tehelka editor reveals shocker!
Ivanka Trump, Nikki Haley for US candidates to World Bank President's Post
Why TDP & Congress not going together in the elections?
International Youth Leadership Conference to be inaugurated by Anna Hazare
CM Yogi Adithyanath confident about BJPs performance in 2019
Edappadi denied allegations against him in Kodanad break in case
Powerful Explosion in Paris killed 3
Which players will replace Hardik & Rahul?
KCR to waive Toll Tax for commuters on NH Roads for Sankranti
KCR in mood to finish TDP in Telangana
US stocks closed lower as United States Government shutdown
Will Akhila Priya quit TDP?
Arun Jaitley announces increasing GST exemption limit for Garment Exporters
Donald Trump declared national emergency over immigration at southern border
Dhoni does it for special fan!
Vatal Nagaraj plans violently for dam!
Godman turns murder convict!
About the author

Bharath has been the knowledge focal point for the world, As Darvin evolution formula End is the Start ... Bharath again will be the Knowledge Focal Point to the whole world. Want to hold the lamp and shine light on the path of greatness for our country Bharath.