Category Archives: Business News

Suggestion for Permanent Commission to prevent fraud

#Multi Level MarketingA team formed by the Ministry of Commerce suggested forming a permanent commission to prevent the forgery in the name of Multi Level Marketing or MLM.

In recent years, there is complaining against several organizations like ‘Jubok’ and ‘Destiny 2000 Ltd.’ they took millions of money from the people. It also said in the report that, if the permanent commission formed, then the commission will decide on the terms of refunding customers’ money.

Mushtaq Ahmed of Chittagong is a Government worker. This third-grade officer started to deposit money in the Youth Employment Society or Jubok since 2006 in the hope of getting more profit. He deposited almost 15 lakh taka in Jubok taking from his relatives who live in abroad. But he got nothing in return. He said, “I’m Invested a lot of money in Jubok since 2006. I gave 15 lakh taka. I can get the money, or I’m not getting any faith that the company will return me my money.” Continue reading