New Delhi: According to a business climate survey conducted by the Swedish Chamber of Commerce in India, though the temperament of Swedish companies to invest in India remains extravagant, 54 per cent of companies find Indian labour regulations problematic to their operation and growth. This was the sixth time, the survey was conducted and the […]
Economic Offences Wing struggles with Scams of 12,000 crore
Mumbai: Have a glance of these three fraud cases registered with economic offence wing (EOW): MMM India: Rs. 2,000 crores SpeakAsia fraud: Rs. 2,276 crores NSEL: Rs. 5,600 crores Total pending cases with EOW involves Rs. 12,395 crores, and due to shortage of manpower these cases are struck in court proceedings. For its 11 units […]
Uncovered All Aspects Of SpeakAsia & Qnet Case
“Uncovered All Aspects Of SpeakAsia Case” Speaking about the SpeakAsia scam, Rajvardhan Sinha, Additional Commissioner – EOW, Mumbai Police, says, “We are confident of recovering overseas funds in the case.” Watch as he also talks about EOW’s QNET investigation. “QNET masterminds change names after each investigation,” he tells Bloomberg TV India.
Speak Asia scam: Second accused Ram Niwas arrested from Bangalore airport
The Delhi Crime Branch Economic Offence Wing has apprehended one more primary accused in the Speak Asia rip-off. Ram Niwas was picked up from Bangalore. The Crime Branch has already jailed Ram Niwas Pal, the co-mastermind of Speak Asia scam from the Bangalore flight terminal. His brother Ram Sumiran Pal was detained from Delhi five-days-ago. Ram Niwas, an ex […]
SpeakAsia: Ram Sumiran Pal and his cousin Satish Pal remanded in cop custody till Dec 3
Two primary accused in the SpeakAsia fraud, Ram Sumiran Pal and his relative Satish Pal, were on Friday presented to the metropolitan magistrate’s court and remanded in police custody till December 3, 2013. The two were arrested by the special team of Delhi police and later on handed to the Economic Offences Wing (EOW) of the […]
Oriflame India: Warehouse destroyed by fire
Noida (UP): Goods estimated to be worth crores of rupees were destroyed in a major fire at the main warehouses of a oriflame India pvt ltd in Bisrakh Industrial area of Greater Noida. Ten fire fighters were sent there immediately,It almost took around five hours to bring the situation under control a fire official told. No injured was reported in […]
SpeakAsia: Ram Sumiran Pal Arrested by Mumbai Police
One more high-profile arrest happened in relation to Speak Asia case. Ram Sumiran Pal got arrested by Mumbai police, he was a part of the SpeakAsia administration team. Till now 8 FIRs have actually been registered throughout India including Maharashtra, Andhra Pradesh, Madhya Pradesh, Uttar Pradesh by the Enforcement Directorate. Soon more arrest are likely […]
Eight employees of QNet India Arrested
The EOW of Mumbai police on Friday arrested eight MLM leaders of QNet India for duping investors. QNet is also accused of using the banned binary mlm plan for their network marketing business to attract investors. In the same case, earlier Economic offences wing of Mumbai police had frozen 2 bank accounts that have Rs45 crore in balance […]
Common questions people may have when you invite them for MLM meeting
Common questions on MLM and the appropriate answers that can be given: Is this a MLM (Multi Level Marketing), Pyramid, chain marketing or similar stuff? How long the presentation is going to be If I meet you? Are you going to stand behind me everyday to make me join the business? I don’t have any […]
Amway Appointed Naveen Anand As Global Marketing Director of Core Nutrition
Amway Global appointed Naveen Anand as Global Marketing Director of Core Nutrition. Prior to this, he served as a Senior Vice President – Marketing at Amway India. Anand will take charge from December 1, 2013. Anand will be relocating to Amway headquarters at Ada, Michigan. The Awamy global Nutrition Marketing core team will report to […]