Latest News
  BIG NEWS-AP CID warns public not to join in MMMINDIA scheme-it is bogus & fraud


*Dont invest or promote

*Mavrodi Mondial Moneybox describing it as fraud

*Sergey Mavrodi earlier arrested by the Russian government on charges of duping their citizens of money with dubious financial schemes.

*If anybody promoting this scheme cid will take serious action on those persons.

*It is violating indian laws

*CID Warned dont deposit any money to anyone through mmmindia

Hyderabad:Andhra pradesh Crime Investigation Department(CID) cautioned to the general public not to enter or partiicpate in financial schemes and invest any money if offered byMavrodi Mondail Moneybox (MMM) India organized by a Russian businessman and financial Sergey Mavrodi.

In a press release, CID (Hyderabad)Additional Director General of Police T.Krishna Prasad, said that schemes are bougs and do not yield any money and the Organizer Sergey Mavrodi's ultimate goal is to destroy the global financial system.

He was accused in several criminal cases and underwent imprisonment.

The MMM scheme is promoted by a Russian businessman and financier Sergey Mavrodi, who was earlier arrested by the Russian government on charges of duping their citizens of money with dubious financial schemes.

The scheme operators in India appeal to individuals through emails, text messages and through their website to invest Rs. 5,000 per person to become a member.

It has come to light that a financial scheme based on a virtual currency and propagated, in he name and style of Mavrodi Mondail Moneybox (MMM) in the guise of helping common people ' help each others' is collecting deposits top the tune of Rs 5000 per person as a member of the scheme.

Their slogan is, it is for a social cause, if you want to help the people in need you can join'. They also claim that it is not an investment plan.

Police warned public if they found anybody promoting this scheme they will take serious action on those persons.CID said they will not allow to do this scheme in andhra pradesh.They are collecting more information.

So after police strictly warned now people have to think to join.otherwise these persons have to face problems and enquiry by the police,rbi,sebi,sfio,corporate affairs dept.Dont Join as police said.Police will take serious action on top investers and earners.Police said they will soon take more actions on such companies.

Share on Google+
  Posted On: Apr 26, 2013

  Parliamentary committee calls for one regulator for money schemes
  AP CM assures the direct selling industry to create regulatory framework
  FICCI-KPMG Report On Direct Selling in AP & Telangana
  AP, Telangana to have Rs 50bn direct selling market by 2025
  Bring 'model central law for direct selling-Parliamentary panel
  Agri Gold depositors welcome High Court order
  HC to set up experts panel to auction Agri Gold assets
  HC dismisses PIL against Amway products
  SEBI bars Agri Gold for money pooling activities!!!
  Oriflame eyes Rs 1,000 crore revenue from India
Prev   Next

Copyright © 2015 Clue Leads. All rights reserved.