Hyderabad: Managing director of Future Maker Life Care Global Marketing Pvt Ltd Radhe Shyam and his associate Surender Singh targeted unemployed youth, housewives and retired employees with the promise of earning part time income.
During investigations it came to light that several men in and around Hyderabad were cheated of crores of rupees by the company. The majority of the victims were from Haryana, Delhi, Madhya Pradesh, Maharashtra and Orissa among other states, said Cyberabad police commissioner V.C. Sajjanar.
“The public is herewith cautioned not to join in any such illegal money circulation schemes by whatever they may approach, be it multi-level-marketing, network marketing, direct marketing, referral marketing, among the other catchy names. Cyberabad police reiterated the eternal fact of human life that there are no shortcuts to earn money or wealth. The general public is hereby advised not to fall prey to the dubious schemes with offers of easy and quick money,” said the official. He said that the general public are advised to take the assistance of local police if they suspect any such activity involving the promise of easy and quick money.
People lured with bonus
The Economic Offences Wing (EOW) of the Cyberabad police said that it had busted a New Delhi-registered multilevel marketing money circulation scheme that had duped 20 lakh victims from around the country to the tune of more than Rs 1,200 crore.
“Any person who got two more persons would get Rs 500 as additional bonus apart from Rs 2,500 being credited every month for 24 months which would total Rs 60,000,” Cyberabad police commissioner V.C. Sajjanar said.
The company’s pitch was that a person who invested Rs 7,500 initially would get back Rs 60,000 in two years. This benefit was apart from the benefit derived from enrolment of members. Depending upon the enrolment, various titles were given to the members, Mr Sajjanar said.
He asked the people not to get lured by such companies and complain to the police if they were offered such schemes. They should beware of multi-level marketing companies, ponzi schemes, irregular chits companies and unbelievable offers, Mr Sajjanar said.
