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

This query is : Resolved 

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.

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



01 July 2009 MORE RETURN THEN MORE RISK

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


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries



CCI Pro
Meet our CAclubindia PRO Members

Follow us
add to google news



Answer Query



Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 12 March 2026
Customer Relationship Executive

TAXLET

Calicut

B.Com

View Details
Company
Featured 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 14 March 2026
Article Trainee

N N V Satish&co

Hyderabad

CA Inter

View Details
Company
Featured 14 March 2026
Associate CA

N N V Satish&co

Hyderabad

CA

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details