Friday, July 15, 2011

NEWSFLASH: TVI Express HQ in Bangalore India raided by police, 2 arrested

IndiaTimes reports:

BANGALORE: Central Crime Branch arrested two partners of a multi-level marketing company in Wilson Garden for cheating several persons including software engineers by promising them time-share holidays at posh resorts and hotels abroad. In MLM schemes, a member has to enrol a certain number of new members before he becomes eligible for benefits. 
Mohammed Nayeem and Ramiz Ashraf Vani, both from Baramulla in Jammu & Kashmir, opened a travel agency called Travels Venture International Express (TVI Express) at Hara House Building in JAT Street off Hosur Road about two years ago. Through their company website, they offered customers annual holiday packages abroad for just Rs 15,500. 
CCB found they'd cheated people to the tune of Rs 2 crore. "We're questioning them to find the volume of business across India. We're going through their hard disk and online transactions," an investigating officer said. 
The scam came to light when the duo tried to fob off customers with excuses. Once they enrolled a member, they set new conditions of eligibility for accommodation," police claimed. 
"They tried to evade customers and when some got suspicious, they approached the police. The company made fake offers with an intent to cheat," said a CCB officer. Both are remanded to police custody. 
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