#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 […]
EOW Special Investigative Team to Probe QNet Case
To give pace to the alleged 425 crore Qnet scam, the Economic Offences Wing (EOW) of Mumbai Police has set up a Special Investigation Team. The EOW is additionally checking out strict lawful options, which will make it mandatory for the suspects concealing abroad to show up before investigators in Mumbai, authorities claimed.
Qnet Scam: Michael Ferreira’s ex-daughter-in-law arrested
Michael Ferreira, who is already facing questions for his involvement in the alleged Qnet scam, now his ex-daughter-in-law got arrested by Mumbai EOW on friday. The Economic Offences Wing (EOW) of Mumbai Police on Friday arrested Susan Nikhil Chatterjee. The police said that she along with her ex-husband, Mark Ferreira played an important in encouraging gullible people to […]
QNet: Ferriera and others submitted fake documents to the court, clams EOW
Once again QNet is in the news, all for wrong reasons. Recently, the Economic Offences shared that QNet leaders misled the Court by submitting a fake document along with their bail applications. And the same was denied by the police officer who signed or prepared the documents. The F.I.R was registered by Enforcement Directorate (ED) upon […]