Image by ALL CHROME via FlickrBangledeshi newspaper "The Daily Star" did a report on illegal scams that disguised themselves as MLMs. Many of them also took on the role of "banks" by storing member's money. And among the scams named: TVI Express.But a section of unscrupulous gang is cheating people by offering big returns, Hossen claimed.Government of Bangladesh is working on regulations for the MLM industry. In 2009, an anti-money laundering law was passed, which prevents any non-bank from banking activities. Furthermore, Central Bank of Bangladesh has issued warning against ANY MLM that promise excessive profits.
He points fingers at unipay2u, TVI Express, Visa Ray, Speak Asia, Legend Venture, Unigateway, Goldtrend, Neway and Destiny-2000 Ltd.
Many companies have already folded up, he said.
Which brings up a couple interesting points...
1) TVI Express is already in trouble in Africa, namely, South Africa, Namibia, and Swaziland. It is declared pyramid scheme in South Africa, and was under investigation in Namibia and Swaziland for pyramid scheme and illegal banking. Thus, the chance of it getting into trouble in Bangladesh regarding "banking", should be "very high".
2) Almost 90% of Bangladeshis are Muslims. You think the fact that Indonesian Islamic Council's declaration that TVI Express is a "money game" would have effect on the Bangladeshi Muslims?
1 comment:
TOP VOGUS INTERNATIONAL (TVI) has wonderful technic to convince the greedy ones. In Bangladesh it collected crores of Taka through its agents by making the greedy people fool. Simple arithmatic :-
1x2x4x8x16x256x65536x4294967296 how would this sum go on? Starting from one person to eighth, our planet is not enough to deliver the people. Why shall we accept this fraud business instead?
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