FRAUD AND CHEATING BY MLM COMPANY
Dear Sir,
With reference to the SIDDARTH LIFE TECHNOLOGIES LTD. Company scheme. I have invested in this Company Rs. 11000/- after that our mediator who assures that we are going to Get 10 % MONTHLY FOR 30 MONTH. But this has become only Assurance instead of ...
from DEC 2009 still i have not receiving payment from them. company office is sealed by eow.
Based on the claims of assured huge sums on minimal investment in a tree plantation company in advertisements which they found suspicious, the Thane police unearthed a fraud amounting to Rs1.20 crore. Three persons holding important positions in the company have been arrested.
Dinesh Singh, chairman, Rakesh Pasi, CEO and Pravin Jadhav, director of EBBS Private limited, a branch of Siddarth Life Technologies Private Limited in Bhiwandi, were arrested by the crime branch officials for allegedly cheating nearly 8,000 investors on December 15. According to police, the fraud amounted to Rs1.20 crore. Police claimed that the company had allegedly assured returns of Rs2.45 lakh on investments of Rs1,000 to Rs10,000 in the Unique Matrix Tree Plan.
DV Nikam, inspector from Economic Offences Wing (EOW) of crime branch, said, “The gifts given away by the company were much cheaper than the amount taken from the investors for purchasing the products.” The company had allegedly assured returns as per their growth.
Nikam stated that though they did not receive any complaint from the investors, they took action as they found the claims made by the company suspicious. As per the directions of additional commissioner of police Prashant Burde, a case was filed at Bhiwandi Town PS under ‘The Prize Chits and Money Circulation Schemes (Banning) Act 1978 against EBBS company and their chairman, CEO and director have been remanded to police custody till December 19.
so infrom that company. i am great full to you thanking you
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SIDDINDIA — FRAUD COMPANY
Not getting any payI have invested Rs10,000/- in my sister's name by nov itself but still I didn't get any payments from them. How to get my money back? Pls. help us.