Now it is be more than one year, since Speak Asia stopped their operations in India after their alleged role of scamming people. Soon a report on Speak Asia will be out. The Serious Fraud Investigation Office (SFIO), probing a fraud of the multi-level online advertising company SpeakAsia, has actually referred the matter to the Corporate Affairs […]
Police Identified Properties of NMart: Gopal Singh Shekhawat & his Wife Underground
Hyderabad: Prakasam police under superintendent of police Dr. Raghuram Reddy identified the residential properties of the NMart in Surat and other regions. Under court orders the SP claimed that soon they are going to confiscate the properties of the implicated Gopal Singh Shekhawat who has been absconding after the Borivali magistrate, Mumbai,after a non-bailable arrest warrant was issued against […]
Avon plans to start office in north Bengal
In order to expand into the north Bengal area, United States – based Beauty care items provider Avon on Thursday said it is about to start offices in this region besides focusing on women entrepreneurship.
Transparent guidelines must regulate the MLM business in India
Multi-level Marketing (NETWORK MARKETING) company Amway, which distributes its items through contacts with ordinary people, instead of through stores and superstores, is under the government’s scanner. The issue is whether the American giant, and numerous other companies like it, serve as a Ponzi scheme, each distributor getting rewards including more representatives to the network
Nmart’s website down from Past One week
After the arrest of Nmart’s MD GOPAL SHEKHAVATH. The website of Nmart has been closed for over a week. Company management has not given any clarification on the matter. Nmart’s whole business runs on offline mode but royalty bonus information is available only on the company website . So people are worried about that.
Qnet banned in Saudi Arabia
Saudi Arabia recently banned Qnet and has also issued warning to the people involved with Qnet ponzi scheme. The warning also includes a strict punishment to the people involved in the suspicious company venture. Saudi Arabia, Ministry of Commerce & Sector stated ” This network marketing task involves deception of residents and has been banned in a number […]
N mart CMD Arrested : FIR in Hyderabad, Arrested in Gujarat, Bail at Maharashtra
N Mart CMD Arrested Hyderabad: Andhra Pradesh police arrested Gopal Shekhawat on the basis of complaints of fraud against the nation’s leading retail Chain owner of N-Mart on Tuesday morning around 11.30 in Bollywood style. Gopal Singh Shekhawat was with his wife at the time of arrest.
Government investigating 87 chit-funds MLM companies: MCA
Chit Fund As many as 87 companies have come under the scanner for irregularities related to chit fund schemes and cash circulation in the garb of multi-level marketing, the government stated today. The Registrar of Companies (RoC) and its Regional Directors have actually been asked to scrutinise the balance sheets and inspect the books of […]
Ministry of Corporate Affairs: No proposal to set up a central institution
A question was asked in Raja Sabha about the central institution to enforce the provisions of the Act “The Prize Chits and Money Circulation Schemes (Banning) Act, 1978” all over India under central government. To this Minister of State for Corporate Affairs Shri R.P.N. Singh in reply to a written question in the Rajya Sabha on 13-August, 2012 said […]
MLM employees demand enactment of Central legislation in India
MLM Employees While there is no guarantee of a NETWORK MARKETING business’s survival, the AITUC desire these companies to offer PF, gratuity and other advantages to their workers New Delhi: Many staff members of multi-level advertising firms organized a protest in the capital requiring enactment of a Central law which would determine and guard the […]