Duped investors : 01st sep11 ~ E-Pao! Headlines

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Duped investors
Source: The Sangai Express

Imphal, August 31 2011: Following two meetings on August 26 and 28 at the CPI headquarters at New Delhi, the National secretary of the party has assured members of the newly formed MLM Investors Protection Committee, India that it would take up a number of measures to help the people who have been duped by companies which floated numerous schemes.

The schemes include Visa-rev, Unipay2U, Unigold, Unipay2UInternational etc.

The assurance was given at the instance of CPI leader AB Bardhan.

Among others, the CPI has assured to launch a signature campaign amongst its MPs and allies and to submit a memorandum to the Prime Minister, Finance Minister etc.

The bank accounts of the company and the officials would be seized so that the principal amounts of the investors can be restored.

It was also assured that the Government would be urged to frame a regulatory Act for MLM.

Since it would be inconvenient to put up the matter at the ongoing session, it was agreed that the same would be put up in the Winter session of Parliament.

The State CPI members have also been asked to tie up with State convenors of MIPCOI and to ensure its publicity.

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