Multi Level Marketing Fraud Case: Nine including IIT dropouts held in Hyderabad

Hyderabad: In a Multi-Level Marketing Fraud case, nine persons including IIT dropouts held in Hyderabad.

According to the report published in The Asian Age, CEO, two directors, six other persons of the company have been arrested. Their bank accounts are also seized.

It may be mentioned that the company reportedly sells products such as weight gain products.

As per the scheme, members were being paid for making other persons enroll as a new member.

All the accused persons were booked under various sections of IPC and the Prize Chits and Money Circulation Schemes (Banning) Act, 1978.