Hyderabad sources stated that the Economic Offences Wing (EOW) of the Cyberabad police said that it had busted a New Delhi registered multilevel marketing money circulation scheme that had duped 20 lakh victims from around the country to the tune of more than Rs 1,200 crore. Meanwhile the police the company was headed by Radhe Shyam, a Class VII drop-out. Accordingly police arrested Shyam, chief managing director of Future Maker Life Care Global Marketing Pvt Ltd, and his associate distributor Surender Singh and seized Rs 200 crore from them.
Furthermore the Future Maker is registered with the Registrar of Companies, New Delhi, and has its head office at Hissar, Haryana. Hence the scam came to light with a cheating case booked by the Kukatpally police which was later handed over to the EOW which took up the investigation.
Moreover the Cyberabad police commissioner V.C.
Sajjanar said the company had used a binary scheme, under which one person had
to enroll two persons, where each of these two persons had to enroll two others
and the chain continued. He said “They advertised in leading newspapers and
lured non-working class sector like housewives, unemployed youth and the
joining fee was Rs 2,500 and Rs 5,000 allotted for purchase of clothes and medicines”.
GST Council reduces tax rates New Delhi sources stated that conceding a yearlong demand, sanitary pads today exempted from GST as the GST Council reduced tax rates on an array of daily use appliances and products. Meanwhile Finance Minister Piyush Goyal told reporters that GST tax on sanitary pads was cut from 12% to zero, rakhis were exempted from the tax.
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