Bhubaneswar: The Economic Offences Wing(EOW) of Crime Branch, Odisha Police has released an advisory warning about the illegal money circulation schemes run by a private company.
In the advisory, people have been warned about the fraud schemes of Vihaan Direct Selling (India) Private Limited, a franchisee of Hong Kong-based Q-Net Group of companies', which lures people with attractive schemes and maximum benefit. After registration with a high payment, an individual is most likely to lose all the invested money at some point in time, the advisory mentions.
Only few people who become a part of the scheme in the initial stage get some amount of profit but the rest face a huge loss.
"In their scheme, one has to enrol himself as a member by investing huge amount and thereafter to arrange new members to get lucrative commission/incentives for enrolling such members. Such chain of the members always breakdown at some stage where financial benefit is accrued to only few who joined at the initial stage but result in huge loss to the remaining members/investors. The company also allures the investors through promotional trips abroad in the name of Conferences, Meetings etc. and by conducting meetings, conferences in star Hotels, CCDs etc," the advisory reads.
It also mentions that running of illegal money circulation schemes is punishable under Prize Chits and Money Circulation Scheme (Banning) Act, 1978. On the basis of the complaint received against Mis Vihaan Direct Selling (India) Private Limited, a case has been registered at Economic Offences Wing in Bhubaneswar and an investigation has been launched.
"Any person, who has been duped by the aforesaid companies, may submit a complaint to EOW for legal action. This advisory has been issued for information of general public with a view to make them aware so as to prevent any possible fraud by the M/s Vihaan Direct Selling (India) Pvt. Ltd," it adds.