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
Kerala Police Filed A Charge Sheet Against Tycoon Empire Fraud

Kerala Police Filed A Charge Sheet Against Tycoon Empire Fraud

By Ak Sharma | Published on 13/07/2013

Rate this News

Finally, a charge sheet was filed Against Tycoon Empire Fraud by a special police team before the Chief Judicial Magistrate’s Court.

Police submitted the 1,000-page charge sheet against 50 persons, including directors and promoters of Chennai-based Tycoon Empire International Private Limited for defrauding hundreds of depositors.

The charge sheet has been filed against Tycoon Empire International Private Limited and its five allied companies such as:-

  1. Tycoon Empire MLM Pvt. Ltd,
  2. Tycoon Empire Portfolio Management MLM Pvt. Ltd,
  3. Tycoon Empire Infrastructure Development Pvt. Ltd,
  4. Tycoon Empire Retail Mall Services Pvt. Ltd, and
  5. Tycoon Empire Financial Services Pvt. Ltd.

The directors mentioned in the charge sheet were Kamala Kannan, Sadasivam, Bhoopathi Manoharan, Kripakaran, Pintaseth, Narayanan, Sreeram, Pratheesh, and Narayana Narasimhalu. Of the 10 directors arrested, four are still in remand custody in the jail.

Promoters in various districts have also been put as accused in the case. The case was first registered at the Payyoli police station in May 2011.

This case filed is related only to registered complaints in Kozhikode district. The amount swindled from depositors across the country would come to Rs.234 crore.

  • 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.

Leave a Reply Cancel reply

LATEST NEWS

  • Top 5 Fastest Growing MLM Companies in India 2023: Vestige, Amway, Herbalife, Forever Living, and Modicare
  • Gautam Bali: The Successful CEO Behind Vestige Marketing Private Limited’s Growth
  • Direct Selling in India: An Overview of the Industry and its Regulatory Framework
  • Co-founder of $4B OneCoin fraud scheme pleads guilty and faces up to 60 years in jail
  • Investors Duped Out of INR 200 Crore after Being Lured by Endorsements from Actresses Tamanna and Kajal Agarwal

TRENDING TODAY

  • Top Direct Selling Companies
    Top Direct Selling Companies
  • SCAM Companies New Updated list
    SCAM Companies New Updated list
  • Top 5 Fastest Growing MLM Companies in India 2023: Vestige, Amway, Herbalife, Forever Living, and Modicare
    Top 5 Fastest Growing MLM Companies in India 2023: Vestige, Amway, Herbalife, Forever Living, and Modicare
  • The Status of Network Marketing/MLM/Direct Selling in India
    The Status of Network Marketing/MLM/Direct Selling in India
  • All You need To Know About Vestige
    All You need To Know About Vestige
  • RCM Fraud of 2000 crore
    RCM Fraud of 2000 crore
  • QNet Is A scam In India or Legit?
    QNet Is A scam In India or Legit?
  • President Bill Clinton endorses network Marketing (MLM)
    President Bill Clinton endorses network Marketing (MLM)
  • Top 400 Earners Network Marketing (based on earnings per month)
    Top 400 Earners Network Marketing (based on earnings per month)
  • The dream is not that you see in sleep , dream is which does not let you sleep
    The dream is not that you see in sleep , dream is which does not let you sleep

COMMENTS

  • Top 5 Fastest Growing MLM Companies in India 2023: Vestige, Amway, Herbalife, Forever Living, and Modicare » MLM News on John Oliver calls MLM industry a ‘pyramid scheme’
  • Top Direct Selling Companies » MLM News on Ponzi Schemes Vs direct selling companies
  • Decriminalization of MLM: its Importance and Issues » MLM News on Indian government to soon issue the guidelines for Direct Selling Industry
  • Michael Dayaram Mangela on Scam Companies
  • Murali on Indian Cyber Crime Toll-free Number to Report Online Frauds

Copyright © 2014–2023 · NetworkingEye.com

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