Parliamentary Sub Committee to be formed to keep Eye on MLM Activities in India

Admin   |   25 December, 2014   |   676   |   3980

Companies have a long history of scamming people out of crores through unethical and illegal business schemes

We are glad that a parliamentary sub-committee has been formed to keep a close eye on the activities of multi-level-marketing (MLM) companies that are currently operational. MLM companies have a long history of scamming people out of crores through unethical and illegal business schemes.

There are regulations in place to put a check on such deceitful business practices, which merely give participants the illusion of making money without producing any real value. However, companies sometimes find ways to work around the legal measures. Any company caught breaking the law must be punished, and made to compensate the victims of their crimes.

Fraudulent MLM companies take a number of steps to make their business look legitimate to gullible clients. They often have professional-seeming offices and attractive websites that can fool people at first glance. It is important for the parliamentary body to not just closely monitor the activities of these companies, but also enforce the law with a firm hand.

Our lawmakers should ensure that companies intending to engage in fraudulent activities do not obtain licenses through alternative means, such as bribery. It is a sad fact that many white collar criminals who swindle the public and ruin lives not only get away, but continue to do business in some form or other. This cannot be allowed to continue.