{"id":3470,"date":"2024-03-07T20:10:24","date_gmt":"2024-03-07T20:10:24","guid":{"rendered":"https:\/\/30dayearningsformula.com\/multi-level-marketing\/mlm-news\/suspected-mastermind-of-kovai-mlm-firm-arrested\/"},"modified":"2024-03-07T20:10:24","modified_gmt":"2024-03-07T20:10:24","slug":"suspected-mastermind-of-kovai-mlm-firm-arrested","status":"publish","type":"post","link":"https:\/\/30dayearningsformula.com\/multi-level-marketing\/mlm-news\/suspected-mastermind-of-kovai-mlm-firm-arrested\/","title":{"rendered":"Suspected mastermind of Kovai MLM agency arrested"},"content":{"rendered":"
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COIMBATORE: The Crime Department has arrested an alleged affiliate of M Sakthi Anandhan, the promoter of a Coimbatore-based MLM agency which is being probed for doubtful investmemt schemes.<\/p>\n

The Madurai resident, SV Vijayaragav, was remanded to the jail on Saturday, police sources added. He was detained by a particular police group in Madurai earlier than being delivered to Coimbatore. \u00a0<\/p>\n

The 48-year-old is behind the manufacturing of natural merchandise which might be being bought by the MLM agency to its traders, stated police. He claimns to be a PhD and submitted faux paperwork on this regard, stated police.<\/p>\n

He was booked underneath IPC Sections 465 (punishment for forgery), 468 (forgery for dishonest), 471 (utilizing as real a cast doc) and 420 (dishonest) by the Metropolis Crime Department Police.<\/p>\n

In the course of the arrest course of on Friday Vijayaragav was briefly admitted to a non-public hospital in Madurai as he reported chest ache. After the docs declared that his well being was high-quality, he was delivered to Coimbatore and remanded to the jail on Saturday.<\/p>\n

In the meantime, the police have requested the Tamil Nadu Drug Management Division to examine as many as 84 Ayurvedic merchandise which might be supplied to the traders within the schemes, police sources added. \u00a0<\/p>\n

Based on the police, Vijayaragav, who’s initially from Thirunelveli, had began a agency and launched funding schemes, after which closed the corporate. Sakthi Anandhan (51) who was related to Vijayaragav then began one other MLM agency — MYV3Ads Media Non-public Restricted — three years in the past. The agency lured traders by providing revenue schemes for watching on-line commercials. It’s stated Vijayaragav was the proprietor of the agency and Sakthi Anandhan was the Managing Director.<\/p>\n<\/div>\n

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Folks can subscribe to 6 completely different schemes by investing from Rs 360 to Rs 1, 21,260. The traders are given capsules of Ayurvedic drugs they usually might earn extra revenue by referring new members to the scheme. If somebody refers a brand new member, he would get promotional revenue and a particular reward from the agency. The agency allegedly triggers greed among the many public that they’ll earn large revenue by merely viewing the commercials they usually allegedly used the sale of Ayurvedic merchandise, to cowl up the cash circulation, stated police.<\/p>\n

In the course of the investigation, it was clear that the Ayurvedic merchandise equipped to the traders had been manufactured by Vijayaragav. He submitted \u00a0to the CCB officers a certificates of PhD in Naturopathy given by Annamalai College in 2022. He additionally claimed that he has a licence to fabricate natural merchandise in Puducherry and accomplished a course in Bachelor of Naturopathy and Yogic Sciences (BNYS).\u00a0<\/p>\n

Police contacted the Annamalai College to confirm his credentials and got here to know that Vijayaragavan had submitted a faux PhD certificates to the police after forging it. So a contemporary case was booked in opposition to him, stated a police officer.<\/p>\n

A number of lakhs of individuals from throughout south India have invested within the agency and the case will likely be handed over to the Financial Offences Wing (EOW) of the police as quickly as doable because it concerned alleged monetary irregularities, the police added.<\/p>\n

The Crime Department booked a case in opposition to the agency and its authorities on January 19 underneath 5 sections of the Prize Chits and Cash Circulation (Banning) Act and the Banning of Unregulated Deposit Schemes (BUDS) Act. As per the case the agency is luring folks by making them spend money on their schemes with out explaining the fundamental details about the makes use of of medicines and sharing of the revenue.<\/p>\n

The traders had submitted a petition on the Coimbatore district Collectorate asking to withdraw the FIR. Sakthi Anandhan who was arrested in February is now out on bail. Whereas he was in jail, Vijayaragav got here to the sunshine and began a YouTube channel and began to talk in favour of the agency, stated police. \u00a0<\/p>\n

The agency run by Vijayaragav particularly Shidvaa Natural and Meals manufactured the ayurvedic merchandise at Pondicherry and Annur in Coimbatore and equipped them to the MYV3Ads Media Non-public Restricted, stated a police launch.<\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Consultant Picture.\u00a0 COIMBATORE: The Crime Department has arrested an alleged affiliate of M Sakthi Anandhan, the promoter of a Coimbatore-based MLM agency which is being probed for doubtful investmemt schemes. The Madurai resident, SV Vijayaragav, was remanded to the jail on Saturday, police sources added. He was detained by a particular police group in Madurai […]<\/p>\n","protected":false},"author":2,"featured_media":3472,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","slim_seo":[],"footnotes":""},"categories":[110],"tags":[260,266,899,898,242,897],"class_list":{"0":"post-3470","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-mlm-news","8":"tag-arrested","9":"tag-firm","10":"tag-kovai","11":"tag-mastermind","12":"tag-mlm","13":"tag-suspected"},"_links":{"self":[{"href":"https:\/\/30dayearningsformula.com\/wp-json\/wp\/v2\/posts\/3470"}],"collection":[{"href":"https:\/\/30dayearningsformula.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/30dayearningsformula.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/30dayearningsformula.com\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/30dayearningsformula.com\/wp-json\/wp\/v2\/comments?post=3470"}],"version-history":[{"count":1,"href":"https:\/\/30dayearningsformula.com\/wp-json\/wp\/v2\/posts\/3470\/revisions"}],"predecessor-version":[{"id":3471,"href":"https:\/\/30dayearningsformula.com\/wp-json\/wp\/v2\/posts\/3470\/revisions\/3471"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/30dayearningsformula.com\/wp-json\/wp\/v2\/media\/3472"}],"wp:attachment":[{"href":"https:\/\/30dayearningsformula.com\/wp-json\/wp\/v2\/media?parent=3470"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/30dayearningsformula.com\/wp-json\/wp\/v2\/categories?post=3470"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/30dayearningsformula.com\/wp-json\/wp\/v2\/tags?post=3470"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}