CHENNAI: A particular courtroom in Chennai dismissed the bail plea of Sakthi Anandan, the managing director of My V3, an internet Multi-Stage Advertising Enterprise (MLM) firm in a case associated to duping individuals with excessive returns for watching YouTube commercials.
The particular courtroom prosecuting the accused underneath the Tamil Nadu Safety of Curiosity of Depositors (TNPID) Act turned down the bail plea, after listening to the petition, saying there’s a probability of the accused tampering with the proof if bail is granted.
The Coimbatore cybercrime police booked Sakthi Anandan after receiving complaints that he had cheated a number of hundred individuals assuring them windfall in the event that they watch adverts by paying a payment to be their member.
It was reported that Sakthi Anandan’s MyV3 firm promised an individual would earn cash between Rs 5 to Rs 1,800 per day by watching YouTube adverts. It was additionally mentioned that he additionally collected a membership payment from the traders. Later the case was transferred to the Financial Offences Wing, Chennai.
In the meantime, Sakthi Anandan surrendered earlier than the TNPID Act courtroom after the courtroom’s order.