New Delhi: A total of 87 MLM companies have come under the government scanner for presumably running illegal multi-level marketing (MLM) investment schemes and seven of them are being probed for potentially serious fraudulences. The government has actually done examination of accounts of 80 business for any sort of violation of company regulations, Corporate Affairs […]
MLM Ponzi schemes on Internet to face crackdown:Corporate Affairs Ministry
The government is now actually determined to crack down on fraudulent MLM companies that have ripped off hundreds of investors in India by blocking their internet sites and tracking their online bank transactions.
News Update: Nmart Retails are Shutting Down
One after another Nmart Retail stores are shutting down. Some of the stores got shut down because of unavailability of products and others due to the payment issues with the main Nmart Retails management.
The StemTech Bangkok Asian convention:Soon Coming To India
The StemTech Bangkok Asian convention What a great convention, what an advanced company, what an advanced cutting edge Stem Cell technology. I think StemTech must have the greatest health discovery and business opportunities of our time.
SpeakAsia Investigation, It will take more time: Corporate Affairs Ministry
The Corporate Affairs Ministry has come to a conclusion that probe into alleged fraud at SpeakAsia can take even more time due to legal difficulties. The Serious Fraud Investigation Office (SFIO), under the Ministry, is probing the claimed irregularities at Singapore – based multi-level marketing company SpeakAsia. In response to a Right to Information (RTI) […]
Bollywood Actor Rajpal Yadav Investigated:Speak Asia scam
Bollywood comedian Rajpal Yadav was questioned by EOW after a probe into Speak Asia scam a multi-level marketing fraud. EOW suggested that two brothers might have partly funded the actor’s yet-to-be released film, authorities said today.
India All Set For New Strict MLM Laws
The government of India is close to settling brand-new regulations for multi-level marketing firms in India and is also working on early warning system to prevent MLM company frauds. The Serious Fraud Investigation Office (SFIO) — under the corporate affairs ministry– is working on a very early caution system that might assist in preventing company […]
सरकार ने मल्टीलेवल मार्केटिंग(MLM) कंपनियों के व्यापार को अप्रत्यक्ष रूप से झटका
सरकार ने मल्टीलेवल मार्केटिंग (MLM) कंपनियों के व्यापार को अप्रत्यक्ष रूप से झटका देते हुए उत्पाद बिक्री के एवज में एजेंटों को दिए जाने वाले इंसेंटिव पर पाबंदी लगा दी है। मल्टी लेवल मार्केटिंग कंपनियां उत्पाद की कीमत के अलावा अन्य किसी भी तरह का कमिशन या प्रोत्साहन राशि नहीं दे सकेगा । कैबिनेट ने […]
RCM News: Trilokchand Chhabra Released on Bail
Today RCM chairman Trilokchand Chhabra finally got bail and was released from the prison. All RCM associates are very happy about the progress.
SC: NO Settlement, Speak Asia Case is Criminal in Nature
Another setback for panelists of Speak Asia. There are two big news. Fist, Mumbai High court dismissed petition of All India Speakasia Panelist Association, where they wanted EOW Mumbai to withdraw FIR filed by Navin Khasola. Mumbai High court under directives from Supreme Court said that they will not interfere in the matter as it criminal in nature and […]