ALERT – by TEAM STRATEGYINDIA 09012010

It has come to our notice about people investing their savings and getting other people to invest in companies promising fixed high returns on amount invested.
In the recent past, the law enforcement agencies have raided about 129 of such companies in Maharashtra, Gujarat, Uttar Pradesh, Rajasthan, Tamilnadu, Orissa, West Bengal, etc after complaints of cheque bouncing from various investors who had invested huge amounts with such companies.

We are coordinating with the departments of Income tax and other allied government authorities to end bad practices.

Good news in is , that now the people involved in the scams would be eligible for life imprisonment  for which we would take all necessary steps to ensure air tight investigation leaving no loop holes for the culprits to escape the law.  

The top networkers and promoters of these companies have been arrested or are absconding because they were fully aware of the consequences of their business plan.
Meanwhile, some promoters have closed down the old investment plan companies and started new ones with different names in other states.
Recovery process in this type of companies may not be fully possible but police will make sure that the properties of their relatives and friends (mapped via the transactions) are attached.

We at Strategy India, would request senior networkers to resist investing money as well as abstain from getting investment for these types of companies using the MLM compensation plans.

Some tips for curbing this scam:

1) Do not accept any deposits in your personal accounts, for if you do you would be liable to pay the amount to the person who deposits it.

2) Do not take a pin/s against commissions.

3) Do not invest till you have the entire details on the company including the names of the directors, the address of the directors, their personal account numbers, their background and the copy of registration of the company.

4) Do not deposit money in the account if the name of the account is not the same as of the company.

5) Do not commit or guarantee returns to the people who trust you.

6) Do not invest without checking the business plan of the company – business plan means “the way the company would invest your money to get the type of returns promised to you in a particular time frame”.

7) Do not take loans or sell or mortgage property/jewellery to invest in these types of plans.

Steps to take if you already invested:

1) Approach the company office asking for your principal amount and carry the copy of the receipt (along with the original receipt – never hand over the original receipt till you receive the cheque of the principal amount) of the deposit with you.  

2) If the company is closed or shifted, speak to the person who got you to invest, to help you recover the money.

3) If unable to recover the principle or the amount due, prepare details of the incident mentioning the names of the directors, the person who got you to invest, their office and residential address, contact numbers preferably a landline along with mobile phone, website of the company, amount invested, bank account number if the cash was deposited, tax deducted at source certificate if any, cheque details if any received and hand it over to the Economic offences wing in your area.

4) If the Economic offences wing is not present in your locality you may write to: [email protected] for assistance.

 *If you come across Network leaders, companies and software vendors promoting or supporting these types of investment plans – send us their names, location, website address, email address and phone numbers on: [email protected] (Your identity will not be disclosed)
(ALL NETWORKERS SOLICITING INVESTMENT WILL BE BLACKLISTED AND THEIR NAMES ARE BEING SHARED WITH THE LAW ENFORCEMENT AGENCIES INCLUDING THE POLICE AND THE INCOME TAX)

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