Kerala state director general of police has admitted frauds amounting to over Rs1,000 crore. Many MLM companies on the name of investments collected hundreds of crores from gullible people. Many investors are NRIs from Gulf countries. Kerala police has initiated investigation against many such get rich quick schemes. Police initiated action after receiving complains from the investors of Tycoon Empire International ltd, Bizarre group & Apple A Day Properties. It will take at least 3 to 6 months for the final report. Earlier this month kerala police arrested Abdul Arshad, managing director of Kochi-based Bizarre group.
During the initial investigation, police also found that some police men were involved in these get rich quick schemes.
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