Invest Rs.100/ and get Rs.259???!!!

This query is : Resolved

Phani Mantravadi (Querist)
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30 June 2009 Dear Members Please Clarify.

There is a company called Mangal Murthi Auto Links India Limited. This company collects Rs.81,779/- as deposit and provides Rs.5,200/- every month through post-dated cheques amunting to Rs.1,87,200/- they also pay another Rs.25,000/- at the end of 36 months. This is a total amount of Rs.2,12,200/-.

They say they are in this business for the past 7 years. I am here in proviving the website details and the scheme details.

They have opened a branch in Hyderabad for the past 6 months. Can any one please provide more proof FOR or AGAINST this scheme. Is it safe to invest in this scheme. Has any one know to you lost or gained from this scheme.

Can you also let me know who to eveluate such schemes.

Is there any government agency/branch/department that scrutinizes such schemes.

Please respond.

https://www.mangalmurtiautolink.com/index.htm
https://www.mangalmurtiautolink.com/schemes2.htm
Thanking you in advance.

CA. Gurdeep Singh Chawla

CA. Gurdeep Singh Chawla (Expert)
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01 July 2009 MORE RETURN THEN MORE RISK

M Prabhakar Menon

M Prabhakar Menon (Expert)
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01 July 2009 There is a ban on floating these type of prize schemes after several such companies flopped in the 80's u can visit rbi.org.in for details

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