CID warns people about money circulation firms

HYDERABAD: The crime investigation department has decided to crack the whip on companies involved in illegal money circulation business. In a press release here on Thursday, additional D

Published: 27th April 2012 03:34 AM  |   Last Updated: 16th May 2012 07:46 PM   |  A+A-

HYDERABAD: The crime investigation department has decided to crack the whip on companies involved in illegal money circulation business.

In a press release here on Thursday, additional DGP (CID) SV Ramana Murthy said Fortune Power Corporation, which has a website www.dreams1000.com, was organising money circulation schemes while selling nano health cards and health products.

The CID official said that the company also introduced two products _ nano card and quantum pendent _ and these products had an adverse effect on the human health. The price fixed by the company for nano card is Rs 1,350 and for the pendent it is Rs 1,750.

“The cost of these two products will not be so high in the open market. It fixes targets and offers members incentives ranging from mobile phones to houses and also jobs that can be done from home.  All the business activities are being conducted by the company from its Bangalore branch office. Its corporate office is located in New York, US. We advise the public not to get lured by such schemes and not to invest their money in such schemes or through their websites,’’ the CID said.

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