MLM News

Modicare, DXN & K-Link Raided by Police at Kochi

Written by Ak Sharma

Modicare, DXN & K-Link Raided by Police at Kochi.

The economic wing of the Kozhikode Crime Branch (CB) police raided offices and godowns of three Kochi MLM companies presumably operating illegal ponzi schemes chais and taken products worth Rs 3 crore from them on Monday. The raids were carried out at the offices of Modicare at Kathrikadavu, of DXN on Old Railway Station Road and of K-Link at Palarivattom. The manager of K-Link, Sunil, was also arrested.

“Cases have actually been registered under the Prize Chits and Money Circulation Schemes (Banning) Act of 1978 against the business as they did ponzi chain advertising schemes. Each member of these business needed to include two persons to his MLM network and spread out the chain. The members got a commission whenever they added individuals to the network,” said Mr P A Valsan, superintendent of the economic offences wing of the CB in Kozhikode.

DXN and K-Link are worldwide companies based in Malaysia, according to Crime Branch. While DXN has networks in over 40 countries, Modicare is an Indian MLM company. Its manager is likewise anticipated to be arrested soon, however DXN authorities are thought to be outside India and and could be taken into custody later.

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