Bhubaneswar, Feb 12: The Economic Offence Wing (EOW) of State Crime Brach has issued an advisory, warning people against investing in Vihaan Direct Selling (India) Private Limited, a franchisee of Hong Kong-based ponzi firm Q-Net Group of companies.
EOW officials said that the ponzi firm is involved in running og illegal money circulation scheme in the guise of direct selling multilevel marketing.
“One has to enroll himself as a member by investing huge amount and thereafter need to arrange new members to get lucrative commission. The chain of members breakdown at some stage and few members get financial benefit while remaining members have to suffer huge loss. The company also allures investors through foreign trips in the name of meetings and conferences,” said an EOW official.
Officials further said that they are currently investigating one case registered against the firm. “We also urge other duped investors to lodge police complaints,” added the official.