Commented on Mazher26's review

“There is no regulatory body for direct selling (MLM) in our country as of now, and so we have been coordinating with relevant authorities in the government to unearth scams operating under the guise of MLM. We have a list of such companies operating all over India that is updated on a weekly basis read more...

Commented on Mazher26's review

On its part, RBI has stepped up vigilance against firms offering unrealistically high returns. The central bank has been convening meetings with banks, drawing their attention to the fact that MLM companies are opening accounts in various banks, mostly private ones, for collecting deposits from the read more...

Commented on Mazher26's review

At least three dozen such firms are said to be operational in Mumbai alone. The schemes, known as growth, investment, or non-working plans, use the multi-level marketing (MLM) route to fly below the radar of regulatory bodies.. For instance, since these firms do not technically collect deposits, the read more...

Commented on Mazher26's review

PONZIS ARE BACK (economic times) Get rich quick’ schemes are thriving, as dubious investment firms continue to run Ponzi schemes with impunity, taking care to ensure that they do not fall under the purview of any regulatory body, reports Apurv Gupta ON 12/10/2009 MONDAY morning a motley crowd ga read more...

Commented on own review

Sessions court grants interim relief to City Limo chief C Unnikrishnan, TNN 9 October 2009, 02:39am IST Print Email Discuss Bookmark/Share Save Comment Text Size: | MUMBAI: S M Masood, chairman of City Limouzines who is accused of cheating investor, has moved the sessions court for anticipato read more...

Commented on own review

REMEMBER AS PER MY AGREEMENT OF YR 2005, IT IS ONLY A RENTAL INCOME ON CAR LEASING . NEITHER PRINCIPLE OR INTT ELEMENT INVOLVED. THE PRESENT SCHEME OF ARRANGEMET IS DRAFTED IN SUCH A MANNER GUYS LIKE ME ARE BROUGHT UNDER PRINCIPLE AND INTT PAYOUT. THIS WHAT I FELL - PICK THE PEANUTS.

Commented on own review

copied from hi,hope started receiving scheme of arrangement + proxy forms.i am an investor in city limou. of 2006 and received 45 cheques so far. prior to the receipt of the said form i felt that i have received my principle, (45*6000=270000/-) ,and balance is my pref.share of rs.70000/- and so i read more...