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 […]
Inter Ministerial Committee to Consider the Issues Relating to Direct Selling and Multi- Level Marketing in India
Press Information Bureau Government of India Ministry of Consumer Affairs, Food & Public Distribution 24-July-2012 13:23 IST Inter Ministerial Committee to Consider the Issues Relating to Direct Selling and Multi- Level Marketing. Department of Consumer Affairs, Government of India has constituted Inter-Ministerial Committee to consider the issues relating to the companies engaged in Direct Selling/Network/Multilevel […]
MonaVie to establish manufacturing facility in Chennai, India
MonaVie Nourishment food and beverage firm MonaVie organizes to set up a production facility as a result of a joint endeavor with a financial investment of INR1bn ($ 18.12 m) in Chennai, India. The company manufactures and distributes fruit items made from mixed fruit and vegetable juice concentrates, powders, purees and weight-loss options as a […]
Moneylife: SpeakAsia and AdMatrix MLM Nexus
Speakasia Latest News 2012 Senior officials from investigation agencies have been stating that there are sets of people who move from one location to another floating a brand-new MLM or Ponzi system. SpeakAsia, the now defunct online survey business, which is embroiled in a multi-crore scam and AdMatrix, one more multi-level marketing (MLM) operator not only share […]
Speak Asia News: Bombay High Court decision on July 10, 2012
Speak Asia News Good news for Speak Asia Panelist. Speak Asia, the Bombay High Court against the decision of the case has the date July 10, 2012. there is a snap shot that was clearly shows that the case at the police station in Mumbai Speak Asia under Section 420, 406 and 120-B will on […]
Mumbai Economic Offences wing Given court go-ahead to probe SpeakAsia ‘fraud’
Speak Asia News MUMBAI: The Bombay high court on Wednesday permitted the economic offences wing (EOW) to carry on with its probe into the alleged cheating case entailing multi-level advertising business, SpeakAsia. A few of the backers, known as panelists, had certainly filed a request in the HC stating it was a civil row and […]
Serious Fraud Investigation Office Suggests body to control fake chit funds along with MLM Companies
Chit Funds NEW DELHI: The Serious Fraud Investigation Office (SFIO) has strongly suggested establishing a body within the Central government to determine scams via chit funds and multi-level marketing business. A document put together by SFIO suggests the Centre should really keep an eye on virtually all multi-level marketing (MLM) plans via the administration directorate […]
Navniit Khhosla withdraws first complaint against Speak Asia
Navniit Khhosla was the first person to file complaint against Speak Asia. Now after getting over R6 lakh, he has withdrawn complaint against Speak Asia. Navniit Khhosla, the very first individual to register a First Information Report (FIR) against Speak Asia a year ago has withdrawn his complaint. The particular withdrawal followed right after Khhosla […]
Speak Asia Ready to Pay but only Rs.50 Crore
SpeakAsia responded to the Supreme Court that it will return invested money only to 115 petitioners and the total amount is of Rs.50 crore. The city police opposed the proceed, they stated in that respect there were many more who had invested in Speak Asia and the total invested amount of money is actually much […]
Amway under ED scanner for money laundering
New Delhi: The well-known MLM company, Amway India Enterprises (AIE) is now undergoing Enforcement Directorate (ED) scanner for pushing multi-level marketing (MLM) by registering individuals as members by giving all of them rewarding earnings on expensive goods. With respect to a article printed on Daily Mail, The ED’s Hyderabad unit has authorized an economic crime […]