As long as there are cheaters, there will always be cheaters, and despite the many examples of fraud by the MLM scheme in India, people continue to be deceived by such MLM scams without becoming aware yet.
The enforcement department has arrested two persons who committed such fraud of 1500 crore rupees.
Indus Viva health Services
The Enforcement Department yesterday arrested the owners of Indus Viva health Services, Abilash Thomas and CA Ansar, from Bangalore after they defrauded about 10 lakh investors (people) across India.
Kachchipouli police Station
In march 2021, the Cyberabad police found and filed a case against Indus Viva health Services for defrauding investors of money at the Kachchipouli police station in Telangana.
As many as 24 people have already been arrested in connection with the case and the bank account of Rs 20 crore has been frozen.
Enforcement Department
The owners of the company, Abilash Thomas and CA Ansar, have been arrested in connection with the case. The duo has inadvertently landed investors in the direct sales segment through the MLM scheme, which has been heavily marketed across India, attracting investors by over-advertising the commission.
Targets
Their target is people who want to add more money in a shorter period of time, and they have swindled about Rs 1500 crore by adding more people by showing the word of desire.
1500 crore
The company, which has been in operation since 2014, has amassed about Rs 1,500 crore through registration fees for new customers and revenue from the products they sell.
MRP Price
Indus Viva health Services, led by Abilash Thomas and CA Ansar, buys products from the company and sells them in the external market, believing that investors (people) make 80 per cent of the profits at 20 per cent of the MRP of the products offered to investors, but not the products offered by Indus Viva health Services. That is the truth.
Fake company
Enforcement department investigation has found that Abilash Thomas and CA Ansar fraudulently transferred money received from 10 lakh customers to some fake companies under Indusviva Group and to their bank accounts.