WRONG / FAKE INFORMATION REGARDING BUSINESS
Complain ID : JGJN029970 57 Complaint's Reply
Fraud Complaints
Complaint Date : December 25, 2017
I was told on the phone by one of my friend Mr. Gordhan chavda, ahmedabad & (IR id IN580213, i am assign under him).that there was a business opportunity for me. I was informed that I was required to invest cost of 4.00Lakh INR- to start a business project along with my friend who referred me in the business. Later I was told that the business has the potential to earn me 4-5 crores INR in 5 years if I work hard. When I said “I don’t have that much money to invest” so they force me to take personal loan & I went for personal loan with 14% interest and invested it. they said you will receive 5000/- monthly basis. Later on they told you will not receive any rupees for any commission you have contact us and we will give you money by cash because we are getting money in term of some ecards or digital money. I was asked to read books and Dvds for a month before starting the business. And they said as you are joining our business so we are gifting you a vacation package and they took signature on kyc form and said it is a normal formality and not given a time to read it properly. I was never told that I was signed up into the Network Marketing/MLM industry. I was not informed about products which were much cheaper and could be purchased for less than 1 lakh. I was not explained as to what exactly I was required to do to earn money from the business. They told the Business will be on your own name and I have to work with them. I asked them is it chain business or for earning money I have to add people or partners for earning money and they said no its our business and we don’t need to add partners or sale the products. they said it an ecommerce business like flipkart, amazon etc but was shocked to find after payment that I was required to recruit my friends and family members by calling them on phone and inviting them for a plan. Nothing beyond calling and inviting people to show plans and persuading them to join the business opportunity. I was coerced daily to sign up my family members into the business without their knowledge so that they may benefit without working in the business and so that I may get back returns on my investment faster. That vacation package product have not be used after my purchase. I am also not entitled to any commission till date. When I came to know it’s a chain business or I have to add people and force to them to invest money with false information and with fake commitment, I said no I cannot miss guide any one for earning money.. It’s a case of cheating. where peoples are misguided(purposefully) by your agents. As I have taken loan with 14% its badly affecting on my financial & social health.do you think any body from a middle class will buy a vacation package by taking loan of 4 lakh with 14% interest for 4 yr??(with interest the total amount will be 5,20,000/-)
Request you to take strict action against these cheaters and refund my Money.
Request you to take strict action against these cheaters and refund my Money.
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