Corporate Frauds Watch celebrates first anniversary

It has been since one year the Corporate Frauds Watch started functioning and it has many feathers in its cap to boast of. It has thoroughly exposed the fraudulent activities of dubious companies like Amway, Herbalife, GoldQuest International and some others.

In fact, it is the Corporate Frauds Watch which filed a criminal complaint against GoldQuest International in the State of Andhra Pradesh, India. The disgraced managing director of GoldQuest International Ms Pushpam Appala Naidu was brought to book and put behind bars for cheating several thousands of the gullible all over the country. Bank accounts with several billions of rupees have been frozen. The case is pending in the criminal court and police are preparing chargesheet against the company and its directors and independent representatives.

Days would come soon the independent business owners of Amway would face the same consequences.

The Corporate Frauds Watch has brought pressure on the Andhra Pradesh State Government to issue orders restraining Amway from publishing advertisements in the media. It is a great achievement and people realised dubious activities of Amway.

Then Corporate Frauds Watch prevailed upon the Director General of Police to issue memorandum to the police officers all over the State of Andhra Pradesh to book criminal cases whenever the victims filed cases against companies like Amway which indulged in money circulation schemes in the guise of product sales and services. That is also no less achievement. Now after the memorandum was issued as many as three criminal cases were filed against Amway alone all over Andhra Pradesh. Now the independent business owners of Amway are a worried lot fearing that they might have to face criminal cases soon.

The Corporate Frauds Watch has exposed the money circulation scheme of the biggest private insurance firm Bajaj Allianz and its corporate agent Team Life Care Insurance Ltd by filing a criminal case against it. The companies have secured an interim stay order from the Andhra Pradesh High Court and the Corporate Frauds Watch is representing its client in the High Court.

In spite of the shortage of funds and manpower, the Corporate Frauds Watch has been doing so much work and we are proud of it.

Now we are happy to announce that the Corporate Frauds Watch blog has attracted attention of many all over the world and we assure our admirers that we continue to fight this evil till it is thrown out of country. GoldQuest International has received a death blow and now it is the turn of Amway and Herbalife.