MLM News

NetworkingEye.com: MLM News, MLM News in Hindi, MLM business, MLM Companies, Scam Companies

  • Home
  • हिन्दी MLM News
  • Scam Companies
  • Guest Post
  • Submit An Article
  • Submit Press Release
  • Advertise
  • Contact

RCM Fraud of 2000 crore

By Ak Sharma | Published on 07/06/2013

3 / 5 ( 5 votes )

Country’s famous Multilevel Marketing Company RCM has come into limelight, all for the wrong reasons, a fraud of about two thousand crore has been reported. The company has nearly 10 million customers across the country. The establishment of RCM started from Bhilwara in Rajasthan in 2000.  MD of RCM, Trilokchand Chhabra introduced the company over three thousand outlets across the country with various products ranging from household goods to laptop computers. After receiving the information police raided company’s headquarter in Bhilwara.

Police in action showed that the company was not registered with any government department. After getting notice of action from police the company’s director Trilokchand Chhabra, his son Saurabh, daughter Priyanka, brother Bagchand Chhabra and Kailash Chandra fled. All airports across the county have been notified, so that they cannot fee out of India.

More than half a dozen employees of the company have been arrested by the police. Superintendent of police, Bhilwara, Umesh Chandra Dutta said that during the raids they found 9500 sacks of wheat and 2100 sacks of flour of Food Corporation of India, which were meant for below poverty line. RCM used to sell them by their label to their customer.

The police suspect that it could have had not happened without the help of government officials. Police during the investigation found that company’s directors and families have found 40 accounts in 15 banks and now all the transaction has been banned. The company’s main server and Vehicles have also been seized.

  • Tweet
  • WhatsApp
  • More
  • Email
  • Print
  • Telegram

Related

Filed Under: MLM News

SUBSCRIBE TO Networking Eye - MLM News

Sign up for our newsletter and receive news, updates, and the latest alerts.

Comments

  1. Hemant says

    20/02/2020 at 4:57 PM

    It has been made clear in the court proceedings that Ashok Gehlot demanded money from RCM’s directors. To which they refused then the current home minister misused his authority and ordered the arrest and probe of RCM. The case was settled with p.chidambaram and sushil kumar shinde paying 140 crores to TC Chhabra in an out of court settlement. Later they also wrote an apology letter which was presented in supreme court.

    Reply
  2. Juliana Rebello says

    14/12/2011 at 10:20 AM

    ATCR – ARYARUP TOURISM & CLUB RESORTS PVT. LTD. CMD Ravindra Deshmukh is still absconding what is the status of this scam more than Rs.3000 crores of Indian public he has looted now that case is handled by CID of Mumbai we expect faster disbursement of its attached property & bank balances to its genuine investors who has invested life time savings & also loans taken to invest in this co. by mortgaging fixed assets.  Can we expect our court to pass order for disbursement to its investors when we are alive.  its nearly 2 years 2010 & 2011 we suffered a lot expect to get justice in the beginning of 2012 at last wishing & praying for its key personnel to enlighten their mind & help get our lost money at the earliest.

    Reply

Leave a Reply Cancel reply

LATEST NEWS

  • Vestige To Launch PETA certified 100% Vegan Assure Natural Range
  • Ranga Reddy: Multi-level marketing fraudsters loot 15 lakh from woman
  • Enforcement Directorate (ED) attaches assets of ‘bike bot’ MLM Ponzi Company worth 103 crores
  • Indian Direct Selling/MLM Companies rises as top performer among Asia Pacific Companies
  • New Consumer Protection Act of 2019 to Protect Online Customers

TRENDING TODAY

  • QNet Is A scam In India or Legit?
    QNet Is A scam In India or Legit?
  • Indian Cyber Crime Toll-free Number to Report Online Frauds
    Indian Cyber Crime Toll-free Number to Report Online Frauds
  • Top MLM Companies of Network Marketing in India
    Top MLM Companies of Network Marketing in India
  • SCAM Companies New Updated list
    SCAM Companies New Updated list
  • The Status of Network Marketing/MLM/Direct Selling in India
    The Status of Network Marketing/MLM/Direct Selling in India
  • list of top mlm companies in india
    list of top mlm companies in india
  • The Indian Direct Selling Association - IDSA
    The Indian Direct Selling Association - IDSA
  • The Difference Between Linear Income and Residual Income
    The Difference Between Linear Income and Residual Income
  • Top 100 Global MLM companies in the world
    Top 100 Global MLM companies in the world
  • Top 400 Earners Network Marketing (based on earnings per month)
    Top 400 Earners Network Marketing (based on earnings per month)

COMMENTS

  • Sekhar Chetry on SCAM Companies New Updated list
  • KS on SCAM Companies New Updated list
  • Saad on SCAM Companies New Updated list
  • kiran on QNet Is A scam In India or Legit?
  • bhavin b rathod on Top MLM Companies of Network Marketing in India

Copyright © 2014–2021 · NetworkingEye.com

About Us · Privacy Policy · Cocky Policy · Terms & Conditions

loading Cancel
Post was not sent - check your email addresses!
Email check failed, please try again
Sorry, your blog cannot share posts by email.