Another MLM company Gold Sukh dupes investors for Rs200 crore
November 25, 2011 06:34 PM |
Moneylife Digital Team
Gold Sukh promised returns 27 times than the investment in just 15
months and was able to lure many politicians, police officers and
businessmen
Jaipur-based multi-level marketing (MLM) company, Gold Sukh, has
allegedly duped over 1.75 lakh investors for over Rs200 crore. The
company promised investors 27 time returns in just 15 months, on their
deposits for buying gold.
According to the police, the company has spread its operation over 27
cities across India. So far, two directors of the company – Jagdish
Sharma and Rameshwar Prasad and seven other management employees of
the company have been arrested.
Meanwhile, the number of investors approaching Police to file a
complaint is increasing. Several agitated investors also protested
outside the closed office of the company. Gold Sukh even managed to
lure many politicians, policemen and several businessmen.
According to a news report, the investigating authorities are planning
to issue red-corner notice against the directors of the company, who
have been absconding and have fled to Bangkok.
“We have started formalities to get the passport of the absconding
directors impounded and a red-corner notice issued by the Interpol,”
Commissioner of Police BL Soni was quoted saying in daily.
Company’s website has also become non-functional after the news broke
out. It is also reported that a committee named Gold Sukh Pidit
Sangharsh Samiti, is been formed seeking government’s intervention in
the matter.
The news comes at time, when number of other ponzi companies such as
SpeakAsia, Tycoon Empire International have managed to dupe investors
for several crore. Investigation authorities are planning several
measures to curb such companies claiming to give easy and quick income
--
CA Ramachandran Mahadevan,M.Com.,F.C.A.,
November 25, 2011 06:34 PM |
Moneylife Digital Team
Gold Sukh promised returns 27 times than the investment in just 15
months and was able to lure many politicians, police officers and
businessmen
Jaipur-based multi-level marketing (MLM) company, Gold Sukh, has
allegedly duped over 1.75 lakh investors for over Rs200 crore. The
company promised investors 27 time returns in just 15 months, on their
deposits for buying gold.
According to the police, the company has spread its operation over 27
cities across India. So far, two directors of the company – Jagdish
Sharma and Rameshwar Prasad and seven other management employees of
the company have been arrested.
Meanwhile, the number of investors approaching Police to file a
complaint is increasing. Several agitated investors also protested
outside the closed office of the company. Gold Sukh even managed to
lure many politicians, policemen and several businessmen.
According to a news report, the investigating authorities are planning
to issue red-corner notice against the directors of the company, who
have been absconding and have fled to Bangkok.
“We have started formalities to get the passport of the absconding
directors impounded and a red-corner notice issued by the Interpol,”
Commissioner of Police BL Soni was quoted saying in daily.
Company’s website has also become non-functional after the news broke
out. It is also reported that a committee named Gold Sukh Pidit
Sangharsh Samiti, is been formed seeking government’s intervention in
the matter.
The news comes at time, when number of other ponzi companies such as
SpeakAsia, Tycoon Empire International have managed to dupe investors
for several crore. Investigation authorities are planning several
measures to curb such companies claiming to give easy and quick income
--
CA Ramachandran Mahadevan,M.Com.,F.C.A.,
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