OLD NEWS: Philippines banned TVI Express back in March 2013?

According to ABS-CBN, the Filipino SEC has declared TVI Express Holidays Philippines to be a pyramid scheme back in March.

SEC warns of new pyramiding scams

by Alvin Elchico, ABS-CBN News

Posted at 03/12/2013 5:37 PM | Updated as of 03/13/2013 9:15 AM

MANILA, Philippines - Fresh from the disastrous results of the Aman Futures scam, the Securities and Exchange Commission (SEC) has again issued an advisory to consumers in Davao and Surigao of two separate potential investment fraud.
SEC chairperson Teresita Herbosa identified these two potential scams as Connectacons Inc. and TVI Express Holidays Phils.
The target company in Tandag City, Surigao del Sur has reportedly been encouraging teachers to invest P16,800 with a promise to "double the money" within 6 months and to get $10,000 for another 6 months.
According to the SEC advisory, those who invested have not received the promised amount and even return of their investment despite repeated demands.

http://www.abs-cbnnews.com/business/03/12/13/sec-warns-new-pyramiding-scams

BREAKING NEWS: Tarun Trikha's entire family will be investigated for conspiracy fraud

According to Daily Mail / India, Indian police will be looking into the roles of Tarun Trikhas entire family as his father, brother, and sister are also "directors" in his scam enterprise "TVI Express".

Tarun Trikha, arrested for allegedly duping thousands of investors through his online pyramidal venture TVI Express, had apparently involved his family in the business.Documents available with Mail Today show, that members of his family, including his father Vinay Kumar Trikha, brother Varun and sister Shikha, were among the directors in the company. Sources say the role of the entire family is being probed in the fraud, and all their investments are under scanner.

Read more: http://www.dailymail.co.uk/indiahome/indianews/article-2312265/Trikha-family-investigated-online-TVI-Express-scam.html#ixzz2R4MCIEV4 Follow us: @MailOnline on Twitter | DailyMail on Facebook

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CONFIRMED FOR SURE: Tarun Trikha Arrested in India

A reputable source, Daily Mail, has reported the arrested of Tarun Trikha in India.

http://www.dailymail.co.uk/indiahome/indianews/article-2311810/Online-venture-TVI-Express-promoter-Tarun-Trikha-arrested-duping-lakh-subscribers-India.html

CONFIRMED?! Tarun Trika, Head of TVI Express Scam, Arrested in India

There are unconfirmed report on Facebook that Tarun Trikha was arrested by Indian police.

UPDATED: Someone posted this video:


As I don't speak Hindi, I can't vouch for the authenticity, but it appears to be genuine. UPDATE: Video no longer available, but a screencap was included below.

And this photo, from a group called Justice Tarun, apparently a group of victims of TVI Express in India.  Apparently CID took Tarun Trikha into custody at Delhi airport, and was transferring him to Kolkotta when the news leaked and the victims held an impromptu demonstration while CID guarded the prisoner (who chose to hide his face with a towel)  who did a bit of detective work, tailed Tarun Trikha to the railway station, and called in CID (Criminal Investigative Division) of Indian Police is to be commended, however, we shall see how the prosecution goes.

There are 6 more pictures at http://imgur.com/a/iZTSz    [Updated] http://imgur.com/a/WUuE0

OLD NEWS: Pacific Royale had no CEO back in August 2012?

Accordign to Jakarta Globe / Investor Daily of Indonesia, Pacific Royale airline's CEO Samudra Sukardi resigned back in August 2012 with "disagreement with shareholders"

http://www.thejakartaglobe.com/business/pacific-royale-ceo-resigns-citing-dispute/535758

The paper however, stated that the airline is owned by Gunardi Gunawan and Tarun Trikha.

Frankly, I have yet to see the shareholder list of the airline. A couple Indonesian newspapers and airline blog sites have repeated the info, but then, I haven't seen any official confirmation of the ownership / shareholder.

According to a more recent article in AsiaOne (a newspaper in Singapore), Pacific Royale ceased operation back in 2012.

http://news.asiaone.com/News/AsiaOne%2BNews/Asia/Story/A1Story20130312-407924.html

Belated Update: Aussie TVI Express Scammer has NOT paid her fines

According to a report in the Sydney Telegraph newspaper back in December 2012, Teddi Jutsen, one of the trio of TVI Express scammers convicted in Australia of fraud, has NOT paid her fines for contempt of court charges.

The trio racked up contempt of court charges after they have been charged and their bank account frozen to prevent them from removing their ill-gotten gains. Teddi Jutsen, the court later alleged, abused the court provision that they are allowed to withdraw smaller amounts for living expenses. By going to multiple bank branches to withdraw various amounts below the limit, Jutsen was able to move out a larger sum of money than was allowed by the court. Details are unclear how much money was withdrawn.

It is unknown if ACCC, the agency that handled the prosecution, and thus will receive the fines, has received them from the fraudster trio. However, the court, which tracks the contempt fines, confirmed that it has NOT received any of the fines for the contempt charges.

http://www.dailytelegraph.com.au/news/indepth/accc-victorious-but-tvi-express-fine-remains-unpaid/story-e6frewq9-1226540844582

India Railways Shift Employees to Stave Off TVI Express Scandal

In apparently move to mollify angry employees recruited / forced to join TVI Express scam by their superiors, Indian Railways management have chose to transfer more supervisors away from their posting, according to Times of India, instead of confronting this sort of corruption head-on.

http://articles.timesofindia.indiatimes.com/2012-12-29/nagpur/36050557_1_tvi-express-scam-komal-gajbhiye-central-railway-employees

TVI Express investigation in Indonesia stalled, victims claimed

Originally on November 16 arrests were reported on TVI Express in Indonesia.

Now we have an update on November 23rd, where it was reported that investigation has widened.

http://posmetropadang.com/index.php?option=com_content&task=view&id=902&Itemid=54

Then came a report on December 5th that victims believe the police are not doing a good job and have complained to Human Rights Commission. As police only held suspects for 10 days, the perps are now free, but documents were seized by police as evidence.

http://padangekspres.co.id/?news=berita&id=38053

Stay tuned for updates.

More TVI Express Arrests in Indonesia

Pedang Ekspress of Indonesia reports that Jayasman had been detained by police for further questioning after an initial investigation turned up evidence of possible fraud and wrongdoing. This actually happened a month ago, back on 16-NOV-2012.

According to the article, if convicted, the penalty is up to 4 years of jail sentence. However, it is not clear why is Gunarni Goenawan not been indicted, as she's the president of PT TVI Express Indonesia.

http://padangekspres.co.id/?news=berita&id=37256 (in Indonesian)

TVI Express Back in News In India: Workers Harassed If They Do Not Join

According to Times of India, railway workers were hounded by their supervisors to join TVI Express scam, and if they don't they were harassed for minor work violations.

Instead of doing a thorough investigation for this abuse of authority, Railway of India simply transferred two of the top perps to other locations (one could be considered a promotion), and apparently, nothing else.

http://timesofindia.indiatimes.com/city/nagpur/Central-Railway-shy-of-taking-action-in-TVI-scam/articleshow/17381936.cms

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