On friday properties worth of Rs.4.12 crores of Moonlife Teamworks India Private Limited got attached by Enforcement Directorate department at Hyderabad. The properties belonged to Moonlife Teamworks India Private Limited, its managing director P. Narayanachary and Sri Chandra Farms and Resorts India Limited in a MLM fraud case. The ED officials, in a press release, stated […]
Third Asia-Pacific Wellness Tour launched by Herbalife in Hanoi, Vietnam
HONG KONG, CHINA – Herbalife, a global nutrition company, has announced the launch of its third Asia-Pacific Wellness Tour, which will kick off in Hanoi, Vietnam on 3 April 2015. As part of its continuous effort to raise public awareness of the importance of balanced nutrition as part of a healthy active life in the […]
Direct Selling sector as a retailing medium in India is yet to gain momentum
#DirectSelling #Retail #Amway #Oriflame #Tupperware The past history of direct marketing dates back to the days, perhaps, when we used to acquire vegetables as well as family products from the cart vendors. Gradually, the principle as a tool of selling gained approval, yet, the section has actually not attained its best position in the country. […]
Three QNet representatives arrested in Mumbai
#Crime #QNetcase #MLM #SayanChatterjee #SameerNaik #AbhinavSharma #arrested On wednesday, three more representatives of QNet, mlm company allegedly involved in a Rs 425-crore fraud have been arrested from the mumbai city. The accused arrested are Sayan Chatterjee, Sameer Naik and Abhinav Sharma. “The accused were produced before a court which remanded them in police custody till […]
Alert issued against ponzi mlm schemes by Reserve Bank Of India
#RBI #MLMScam #PonziScheme Lots of fly by night ponzi mlm schemes have duped millions of investors in India. On Thursday Reserve Bank of India notified investors against MLM companies that promise high returns and run on hefty member subscription fees. Any break in the chain leads to the collapse of the pyramid, and the members lower down […]
NMart properties attached by Andhra Pradesh CID
#AndharaPradesh #CID #CorporateFraudsWatch #CrimeInvestigationDepartment #KolliRaghuramReddy #GopalSinghShekhawat In a fresh move, Surat based mlm company NMart’s properties got attached by the Andhara Pradesh CID. In total, fixed deposits of 2,61 crore and properties worth of Rs. 9.27 crore were attached in the process by the AP, Crime Investigation Department.
Ministry to clear regulatory grey areas on direct selling, e-commerce
#DirectSelling#MLMNews #IDSA #MLMLaw The Consumer Affairs Ministry is working out a proposal to iron out regulatory ambiguities surrounding direct selling and e-commerce that treat them on a par with money-making deposit schemes. Committee agenda While a committee comprising representatives from the Government departments concerned will meet to deliberate over direct selling norms on December 8, […]
Adooye.com Scam Could be of 600 crore, cheated 2 lakh investors
Adooye.com scam was reported by NetworkingEye.com in the month of June. Now the Bangalore police is investigating Adooye.com, when people ,who invested with Adooye stopped receiving commission from the company. The scam could be of 600 crore and at least 2 lakh investors have invested in Adooye.com from all over India. Online company, Adooye.com collected money from […]
Rep of Public Relations firm summoned in alleged QNet Scam
Economic Offences Wing (EOW) Of The Mumbai Police summoned the rep of a Public Relations firm, who is handling the account of QNet in India. At the same time, EOW authorities have also written to the banks that under section 91 and 102 of CrPC and Section 4 of the Bankers Books Evidence Act, 189, to […]
Stemtech International Named to 2014 Inc. 500/5000 List for Third Time
Stemtech International, Inc., a leader in the field of stem cell nutrition, announced today that for the third time in five years, it has been named to Inc. Magazine’s 33rd Annual Inc. 500/5000 list. Inc. Magazine’s prestigious list recognizes the success and future potential of the fastest-growing, privately held companies in the country. This recognition again […]