Jaipur: The city police have requested the registrar of companies and income tax department for information over multi-level marketing companies operational in the city. The development had followed unveiling of the multi-crore Gold Sukh scam in the city.
"The frauds being held in pretext of multi-level marketing are financial in nature, thus we have sought information from the related departments. Action will be taken if any irregularities are discovered in functioning of these firms," said Anil Paliwal, additional commissioner of police.
Fraud firms assuring unrealistic returns through investments in tree plantations, real estate, share market have previously vanished after collecting deposits of lakhs of investors. The integration of multi-level marketing concept helped such firms to reach large population in short duration of time.
Investors and police only come to realise of the fraud once the company gets exposed and by the time the promoters have escaped with the swindled money. In the recent "Gold Sukh" case the firm had adopted similar process and had assured return from investment in Gold.
In attempt to take a lead over such instances the police have now approached the tax department, "We have been asking for any irregularities noticed in the companies records during routine inspections by income tax and other departments, the information will come useful in identification of fraud firms" said ACP (crime) Raghuveer Saini.
Inquiries against few such companies have reportedly been initiated at the Shyam Nagar and Mahesh Nagar police stations, however police officials have been maintain silence as investigations are under process.