India’s homegrown MLM company Vestige Marketing Pvt. Ltd., and also the only Indian company in the world’s top 30 direct selling companies has expanded its personal care category into the natural personal care segment. The newly launched brand is Assure Natural. After achieving immense success following the initial launch in August, the company has launched […]
Ranga Reddy: Multi-level marketing fraudsters loot 15 lakh from woman
Cyberabad police on Wednesday cautioned that the Multi-Level Marketing (MLM) fraudsters back in the market with new modus operandi.Owing to the easy trap methods into Multi-level marketing frauds, the fraudsters have always returned to trap vulnerable people. The most important fact about this fraud system is the new techniques adopted by the fraudsters to get […]
Enforcement Directorate (ED) attaches assets of ‘bike bot’ MLM Ponzi Company worth 103 crores
Bike Bot taxi service MLM Company is accused of duping about ₹3,000- ₹4,000 crores from 2.25 lakh investors The Enforcement Directorate (ED) on Monday issued an order to attach ₹103 crores moveable and immovable assets belonging to the Noida ‘bikebot‘ Ponzi scheme. There are 26 immovable properties with net worth ₹101.45 crores, and bank balance of ₹2.28 crore in 22 accounts. […]
Indian Direct Selling/MLM Companies rises as top performer among Asia Pacific Companies
These are great signs for Indian Direct Selling companies, and we are now hopeful that India will find a place in top 5 direct selling markets much earlier than the previous estimates of a decade India has moved to the 15th spot in the global direct selling markets for the year 2019, up from 19th […]
New Consumer Protection Act of 2019 to Protect Online Customers
Finally, the old consumer protection act of 1986 got replaced with the new Consumer Protection Act of 2019 to Protect Online Customers. The new law retains all the components of the landmark 1986 law that gave Indian consumers, their six basic rights and a consumer justice system. However, it further expands the scope of the […]
Tremendous Growth of Himachal Pradesh in Direct Selling Industry
Owing to the ongoing Covid-19 pandemic and the government-mandated lockdown, the ever-improving telecom infrastructure in Himachal Pradesh has had a positive impact on the growth of the Direct Selling industry in the state. Mr Vivek Katoch, Director, Corporate Affairs-Asia of Swedish company Oriflame in India, said “Himachal Pradesh has already achieved near hundred per cent […]
Decriminalization of MLM: its Importance and Issues
June 8 was an important date for many entrepreneurs because that was the day when the Department of Financial Services issued the new notification with the comments from stakeholders about the decriminalization of several laws and provisions as a result of which many people became interested in it, especially the ones working in the legal […]
ED books Sun Pariwar for money laundering 150 crore
Enforcement Directorate (ED) has booked an enforcement case information report (ECIR) under the Prevention of Money Laundering Act (PMLA) against multi-level marketing company, Sun Pariwar. Earlier, the Cyberabad police had arrested the accused in a scam in which thousands were cheated to the tune of Rs 150 crore. On December 14, 2018, Cyberabad police had […]
Top Direct Selling Companies
Let me ask you a question. How can you convert your Daily Expense into an investment? Yes! you heard it right, Expense into an investment. Well, let me help you. The answer is Network Marketing. Yes, by starting a Network Marketing business you can convert your daily expense into a passive stream of income. However, […]
ED Files Prosecution Complaint In MLM, Ponzi Scheme Case Against Gold Sukh
The Enforcement Directorate has filed a prosecution complaint under the Prevention of Money Laundering Act, 2002 (PMLA) before the court of Special Judge (PMLA), Jaipur in an MLM/Network Marketing and Ponzi scheme case. The prosecution complaint has been filed against 12 accused – Gold Sukh Trade India Ltd, its sister concern Gold Sukh Corporation Ltd, Jaipur, its Directors […]