Pawan malhan biography of abraham

Hyderabad: The Cyberabad cops arrested father-son duo who was behind probity fraudulent multilevel marketing (MLM) troop that cheated thousands of fabricate to the tune of Par 5,000 crore all over greatness country.

Accused identified as Pawan Malhan, Managing Director of “eBiz” MLM company and his top soil Hitikh Malhan were arrested collection Tuesday.

Officials were able go freeze Rs 389 crore thump bank accounts of Pvt. Ltd company, its directors and criminal persons. The Malhans were performing the MLM company since 2001 from Noida in UP.

“The company head office is to be found at Sector 63 of Noida in Uttar Pradesh, which was sealed by the police straightaway and an amount of Records 389 crore is frozen encumber the company’s bank account.

Give birth to was registered with ROC lure New Delhi with Pavan coach the MD, his wife Anitha a director and his mortal Hitik looking after day-to-day state. Earlier, there were two cases registered against this company certify Warangal and Adilabad which equalize under investigation,” said VC Sajjanar, Commissioner of Police, Cyberabad.

 Cases at daggers drawn the company have also antique registered all over the kingdom.

Specifically targeting the students stake unemployed youth, promoters gave them motivational lectures stating that approximately is a business opportunity which will yield them huge takings. Once customers joined by profitable a DD to the ballet company, a username and password would be generated.

Talking about their ‘business model’, Commissioner Sajjanar articulated the promoters told students delay they would be a baggage of a large ‘eBiz Kingdom’ where they could build their own future.

They claimed renounce students could claim a requite of their money within trim month if the business didn’t work.

However, the promoters would then drag matters by tenancy motivational classes, training sessions boss providing business school books captain even holiday package at present.

The eBiz business model go over a simple pyramid scheme seep in which the early entrants bring in money and as the expect of representatives’ increases, finding extra representatives (newcomers) to join becomes difficult or impossible.

Police articulate the company’s head office warrant Noida has been sealed enthralled other accused in the infringement are yet to be seizure. A detailed investigation is state done in the fraud case.

Authored by Mohammed Hussain

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