Andhra Pradesh High Court on 30-07-2010 dismissed the writ petitions filed by three fraudulent companies -- Gemini Techno Services, Dew Soft Technologies and Society for Blind Services--stating that their schemes are illegal and attracted the mischief of Prize Chits & Money Circulation Schemes (Banning) Act, 1978.
It is apt to recall here that Corporate Frauds Watch has chosen to file implead petitions in several of such writ petitions and eight of them were already disposed of on February 4, 2010.
It is important to mention here that the Government pleader appearing on behalf of the Home Department appealed to the High Court to dismiss the writ petitions as they are all similar schemes like the one run by Amway India.
It is a victory for Corporate Frauds Watch and it is now approaching the Director General of Police to take action against those companies and seize their assets.
It could not be helped but to mention that Amway India is in such a pathetic condition that it could not submit the affidavit in the writ petition filed by the Corporate Frauds Watch against it in the Andhra Pradesh High Court. The shameless Amway apologists are still claiming that the business model of Amway India is great and is still a 'good business opportunity'.
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