The Coimbatore Metropolis Police on February 10, 2024, (Saturday) arrested the managing director of My V3 Advertisements Media Non-public Restricted, Sakthi Anandan, and about 180 buyers for staging a protest on the premises of the Workplace of Commissioner of Police, demanding motion on social media channels for purportedly circulating movies reflecting the multi-level advertising (MLM) agency in poor mild.
Sakthi Anandan had reportedly argued with Race Course Station Inspector Arjun Kumar insisting on a spot-appointment with Coimbatore Metropolis Police Commissioner V. Balakrishnan.
Sakthi Anandan alleged that he had been operating the corporate for the final three many years efficiently, and that the social media channels have been now inflicting panic amongst buyers.
Because the protesters didn’t relent, the police arrested and evacuated them from the spot.
Final month, a case was registered towards the agency, its managing director and some others underneath Sections 3 (banning of prize chit and cash circulation schemes or enrolment as members or participation therein) and 4 (penalty for contravening the provisions of part 3) of the Prize Chits and Cash Circulation Schemes (Banning) Act, 1978 and three (banning of unregulated deposit schemes), 6 (sure scheme to be unregulated deposit scheme) and 21 (2) (punishment for accepting deposits in contravention of part 3) of the Banning of Unregulated Deposit Schemes Act, 2019.
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