Beltangady: Another Blade Company? - 'Invest Rs 6,000, Get Return in Lacs'

Beltangady: Another Blade Company? - 'Invest Rs 6,000, Get Return in Lacs'

Daijiworld Media Network – Beltangady (VM)

Beltangady, Jun 14: Despite frequent reports in the media warning people against fraudulent investment and chain-link companies, people continue to trust their hard-earned savings in their hands, eventually getting fooled and losing it all.

In yet another case, 'Mart', a chain linked company based in Surat has set up base in Beltangady. The agents of this company go from place to place luring people with promises of huge commission from the company. There are people who have taken leave from their offices to work for this company with the hope of making quick bucks.

The people are told that if they invest Rs 6,000 they will earn a return in lacs. The amount to be invested is affordable, especially when one thinks of the 'return'. It is easy to fall prey to such promises, and many want to take a chance even if they don't trust the assurances. Their theory is simple - 'if it works, I will be a lacpati, if not, I will not lose much either'.

Even after so many incidents of such companies duping investors, people still fall prey to them.

Moreover, as the company is based in Surat, all disputes will have to be dealt by Surat court. Investors thus need to be extra careful.