Sunday, 29 August 2010

NMart, a racketeer waiting out there to strike Indians a la Amway

NMart, a national level racket is about to strike Indians. NMart, a Gujarat-based retail outlet is soon launching 30 retail outlets through out the country including a small city like Vijayawada. They plan to sell provisions and every purchaser would get points on purchase of provisions like rice, cooking oil and others. On attaining some points, they would be rewarded with cash incentives or they could opt for more provisions. It looks good. We all purchase provisions every day and we purchase them wherever it is reasonably priced and of good quality. What more we need if we get points in our kitty for purchasing goods and would be rewarded.
But the catch is, we have to enroll as members by paying Rs. 5,500. We would be given coupons worth Rs. 5,000 which could be used in 48 months. If we use them we get points also. If every member enrolls more members they would be benefited. Rings any bell. This is nothing but another copy cat of Amway India.
In essence, this fellow wants to encash the greed of people even before launching a single retail outlet. If he could enroll 1,000 members (5,500x1000) he would neatly pocket Rs 5.5 million even without selling a single kilo of rice. If he collects membership fee from all the 30 retail outlets through out the country, one could imagine how much he is going to pocket. That is the racket which is out there waiting to strike Indians.
Now the question is whether the Indians would accept to be robbed once again. Already a set of racketeers set foot in the market inducing the gullible to become members in the scheme. These shameless, educated brutes do not mind to cheat their own friends and relatives with the promise of getting rich easy and quick. The other day a mysterious person called the Secretary of Corporate Frauds Watch (CFW) and attempted to convince him that this is a good business opportunity. He said that he has seen the pamphlets distributed by CFW appealing people not to fall prey to the multilevel marketing menace.
Corporate Frauds Watch has already taken up this issue with the higher police officials and they promised to look into the racket.

189 comments:

hiteshwl said...

the plan is the best plan available for networkers till now....this is win win plan both for networker or normal customer who also gets time return for him hard earned money...

Do MLM in Just Rs.100/- And Become Crore Pati. said...

Sir, First of All , I want to tell you that you not know the power & of Network Marketing. Whether it is Amway , RMP , RCM , Dewsoft all are created history in India and many people have earned good income and settled their future and for Nmart please once again see the plan or come in surat i will explain you.

corporate frauds watch said...

Do you know what is mathematical impossibility. That is exactly what is network marketing. There is nothing like infinite chain and the all the downline members are going to lose their hard-earned money. Referring to NMart, collecting deposits from public in any form without permission from the Reserve Bank of India is a crime. On the other hand, knowing fully well that it is not going to work forever, the organisers have been inducing people to become members of their schemes and this amounts to cheating under Section 420 of IPC. And enrolling members to make easy and quick money is money circulation scheme under the provisions of Prize Chits and Money Circulation Schemes (Banning) Act, 1978. Please stop looting the public and damaging the economy of the country,

brave said...

Nmart is not any network marketing company, Nmart is a retail company which is giving the credit facility and many more schemes to its associates and Nmart is utilizing to the network marketing as marketing tools and there are not any money circulation as per consumer act any body can launch the schemes to promote the business.Nmart is giving the Gift vouchers of the value of Rs.10560 on behalf of Membership Fee Rs.5500. then you can use your credit facilities of Rs.1500 in any Nmart stores across india. and then if you buy the product per month of Rs.1500 till 4years then only you will be the eligible for the loyalty bonus of Rs.11000.

my dear friends if you go to the any bank and offer to bank manager to open numbers of account in his particular bank then bank manager will also give you commission for that, so on that time can you able to speak to the bank manager like you or bank are doing MLM?

My Dear Friend you dont know about the strength of Network Marketing today big corporates of india like Sahara india have also launch the MLM in india.

So Why 'Corporate Fraud Watch' have not approach to sahara or we think that Team of CFW have received the heavy amount from Sahara.

corporate frauds watch said...

One criminal case against NMart would reveal its true colours. No judicial court in India would buy the arguments of NMart proprietors. It is an open money circulation scheme and against the provisions of Prize Chits & Money Circulation Schemes (Banning) Act, 1978. Amway put forward the same argument and fell flat in the Andhra Pradesh High Court. Mentioning the case of Sahara India, you admit that you are also indulging in the same crime but Sahara India is not held liable. There is another company which is indulging inthe same crime in Andhra Pradesh, i.e. AgriGold.

VENUGOPAL SIVAGNANAM said...

A group of persons, based in Chennai is actively collecting money (Rs..5500/-) towards entry fee to NMart. They do not issue any receipt and do not show any supporting documents for sending the money to Nmart. They are based in Vadapalani area. Some people innocently have given money expecting freebees for the next 4 years and refund of the amount in double (11000) after 5 years. Some discount vouchers are also coming from unknown sources. This should be watched by Government and if any fraud is noticed, necessary action may be taken.

Shyam Sundar said...

Friends, just approach the police and lodge a complaint under the provisions of the Prize Chits & Money Circulation Schemes (Banning) Act, 1978. The organisers are liable for punishment for three years imprisonment.

Shaik said...

call me at +919966342267 or mail me at nabiparttimejobs@gmail.com to join Nmart and earn extra income.

I can tell you a example, how Nmart changed my life.

Shyam Sundar said...

You earn money as long as you keep enrolling new members into the scheme. How could everyone find at least 25 persons to get back his money of Rs. 5500? The organisers of NMart are collecting money before hand offering high returns in future. This is a great hoax of 'good business opportunity' or earning handsome returns. That is why it is cheating.

Shaik said...

Why do people make lot of noise, when they are not aware of complete information.Nmart is the best plan available now. I am growing with Nmart and I know people who are growing with Nmart.

Join me to grow and to have a brighter future. Call me at +919966342267 or mail me at nabiparttimejobs@gmail.com

Shyam Sundar said...

Why do people think that they know everything and others do not know anything? NMart is offering provisions for the next four years, of course. Where is the guarantee that it would stay in the market for four years. It may disappear anytime like many companies. What is the guarantee for your deposit of Rs. 5,500 and the promise of Rs. 11000 after five years provided you purchase products worth Rs 1500 every month. There is no guarantee. That is why it is cheating.

yogesh said...

my dear the guarantee is written on stamp paper & every thing is clear on this bond
so join NMART & TAKE D oppertunity
yogesh lele 9993664602

Shyam Sundar said...

Several companies in the past have also given such bond papers and disappeared without a trace. Is there any sanctity to such bonds? The whole scheme stinks and it is nothing but outright cheating. There cannot be infinite joining of members and the chain would break soon. Then the company disappears leaving the members in the lurch. It is sure.

sharan said...

sir there is no guarantee of govt in indai ex of 2g scam of raja, and commomwelthgames, so do u expect guarantee for 5500, and that to not giving respect to bond paper our court, sir just wait and watch, india renovating with nmart, sir company investing their own malls, so u expect they rnuover in nightt ???

Shyam Sundar said...

Dear Sharan,
In the past several companies like NMart vanished into thin air after they could not find new recruits. Every time out of greed for easy and quick people wound not realise the pitfalls and hope against hope that it is not going to shut down like others.
We never learn from history. So many Bernie Madoffs have gone down the history and people again convince themselves that it is not going to happen and the latest one is a genuine company. Realise the fact, young woman, there is nothing like infinite chain.This NMart guy is promising heaven on your palm and he would never give anything whatever he is promising.

Networkers Welfare Association Of India said...

dear shyam sir,to practice as doctor we must have qualifaction of doctor,to work as engg we must have qualifaction of engg,to make comment on mlm what is ur qualifaction in this field may i know,most people working in this field have practical experience of 5 yrs and 10 yrs,and what ur talking about past companies that they vanished in air,for that,i have seen doctors who have killed people with wrong treatment,qualified engg made big mistake in their field while working,such as happen with some companies of mlm due to some people dont blame this field,and companies like nmart and amway

Shyam Sundar said...

Dear faceless, nameless members of Networkers Welfare Association,
It is glad you have responded to my blog and wanted some clarification. First let me clarify that I am a qualified advocate and a seasoned journalist. I have studied enough case laws about various MLM companies in India. Having said that, I think I am qualified to write about MLM cheating. Now do you know the criminal cases against several MLM companies like Apple FMCG, VCan Network, Amway India and the judgements of Madras High Court and Andhra Pradesh High Court against these companies.
Madras High Court has even commented that multilevel marketing is nothing but the illegal money circulation scheme.
In Kuriachan Chacko case, the Supreme Court in 2008, stated that network marketing is nothing but mathematical impossibility and they should be booked under Section 420 and Section 34 of IPC along with Section 2, 3, 4, 5 and 6 of Prize Chits and Money Circulation Schemes (Banning) Act, 1978.
Now you know that I am more than qualified to write about the crooks like NMart and Amway India.
If NMart has guts let them file a defamation case against me for maligning their company.

venkat said...

@shyam sundar sir: i am not aware much about Nmart and similar type of MLM companies and also not much qualified to talk about which is correct or wrong. i am asking why don't u file a petition against NMart business, as u r qualified and aware about these recketeers???

satyanarayana said...

I have paid Rs.5500 and my friends have also paid. I came to know that smart cards are not received even by the people who have paid Rs. 5500 six months back which as per the brochure enabes the member to avail 1500 credit every month. It leads to the suspecion that the entire scheme is fraud. Will Mr. Shyam sunder throgh some light on this smart card matter.

Shyam Sundar said...

This means the NMart has started to default and it is high time, the victims approach police and file the case of cheating.

BIJAY said...
This comment has been removed by the author.
Ajay said...

JAI NMART .................JAI NMART..............JAI NMART!!!!!!!!!!!!

rajasekar said...

Dear All, Only through network marketing, India can reach a solid state where everyone can change their lifestyle. Nmart Retails Limited, is an Indian company, giving good business opportunity, to the public, to earn from their daily expenses, with all Branded 5000 products. The success of the Nmart company can be seen on its growth, spreaded all the states of India. Moreover, the chief of the Nmart Retails, is an experienced, talented immensed personality, came forward, to open such a Wonderful company, breaking all the barriers of Network marketing, making people to buy, save and earn good income.
Is it not WONDERFUL. For me it is an Amazing opportunity. I request you all to give fullest support for the company.
To join in Nmart Retails, call me Immediately,
k.rajasekar
09382655066
chennai
india

premshankar said...

Shankar Shukla
(09861064589)

Hello Mr Shyam Sunder i m very much obliged to your comments to defame Nmart and why r u not doing it so after 6th of april ... please come forward with ur views to defame Nmart and create an history ' JAAGO GRAHAK JAAGO ' you will be surely awarded ...

Please feel free to make a call ... and justify your answer before you speak .

meenu said...

HI ALL,
NMART IS A GIFT OF GOD TO WHOM'S WANT TO EARN BIG MONEY FROM MLM AND WANT'S TO FULLFILL THEIR DREAMS. SO KINDLY DNT SAY EVEN A SINGLE WRONG WORD ABOUT OUR NMART. IF ANY BODY WANTS TO JOIN THIS FANTASTIC BUSSINESS MAY CONTACT ME.
MEENAKSHI 09888789788
meenakshi.gautam@hotmail.com

Shyam Sundar said...

Even if it's April 6th or May 6th, it is a crooks' company which is out to cheat the gullible. See the latest post to see what I mean.
NMart may disappear once the number of new recruits trickles down.

HARINDER said...

HELLO, I AM NOT AGAINST ANY COMPANY. MY INVITATION IS FOR ALL THOSE WHO WANT TO EARN BIG MONEY, NAME AND FAME BY JUST PROMOTING A SIMPLE PROJECT WHERE WE DONT HAVE TO SELL ANYTHING . IF YOU WANT TO ENJOY LIFE AND EARN IN A HAPPY AND RELAXED WAY. CONTACT ME= HARRY PUNJAB 09814207505

Augustus said...

I have read most of the comments here. I have received a request from a new friend on Facebook to join in NMart and when I google it, it brings me here. I just wanna thank Mr. Shyam Sundar for this alert.

SANJAY PATIL said...
This comment has been removed by the author.
Shyam Sundar said...

Wait till a criminal case is filed against NMart, then you know the gravity of the consequences.

meenu said...

hey mr. shayam sunder ., kehtey hai k agar kisi aadmi ke shakal good na hoe toe use baatey good ker leani chahiye, kyo nahi dete hoe apana ph. no. aap mea batati nu na aap koe k nmart kahan jaega oar kahan nahi. bolo na kya kare aap k sath agar nmart kahin pe nahi bhagi toe, hey man why dont u mind ur own bussiness.
kindly call for join nmart
MEENAKSHI 09888789788
MEENAKSHI.GAUTAM@HOTMAIL.COM

Shyam Sundar said...

My dear young girl Meenu, my business is to warn our own people in particular and people world over not to fall prey to the dirty machinations of such fraudulent companies.

meenu said...

shyam sunder g can u snd me some proves regardng nmrt fraud. so dat i can better understand u.

Shyam Sundar said...

What proofs you want Meenu? Enrolling and paying commission on enrollment are banned activity under the provisions of the Prize Chits & Money Circulation Schemes (Banning) Act, 1978. It is a crime to indulge in such activities which punishable for three years imprisonment.

meenu said...

u know shyam g i think u r sick. i know wat z nmart. i dnt want any prove. tk care. and plz be happy. for join NMART CONTACT

MEENAKSHI 9888789788
meenakshi9888789788


MEENAKSHI 9888789788
meenakshi9888789788

Raj said...

Dear Meenu, Good reply for this person.

Raj, Patna
kumarrj7224@gmail.com

Shyam Sundar said...

Ultimately the law would catch up with you and finally you would learn who is sick. You are the real perpetrators of crime and you do not want to know it is a crime. Joining and making others join is a chain scheme which is prohibited under the provisions of Prize Chits & Money Circulation Schemes (Banning) Act, 1978. The members of GoldQuest are repenting now. You too would repent soon. These rajs and Hiteshwls would not come to your rescue.

meenu said...

o realy shyamu g? by da way i realy dnt want any body, so u do not hv to wry about me.tk cr. i know wt i am doing
JAI NMART JAI NMART JAI NMART
MEENAKSHI 9888789788



THANKS RAJ G

SANJAY PATIL said...
This comment has been removed by the author.
SANJAY PATIL said...
This comment has been removed by the author.
bharat said...

DEAR SHYAM SUNDER PL ATTENTION N MART IS NOW N MART RETAIL LIMITED ISSUING PUBLIC SHARE OUR CMD IS HON. GOPAL JI SHEKHAWAT, CHAIRMAN OF ASIA REGION, INTERNATIONAL HUMAN RIGHT ASSOCIATION, MORE THAN CRORE OF ASSETS. OUR LEGAL ADV IS A NARAYANA RAO-SR ADV OF A.P HIGH COURT PL EXPLAIN HOW IT IS ILLEGAL. BHISHM RANA

meenakshi 9888789788 said...

hiiiiiiiii

meenakshi 9888789788 said...

hiiii

Shyam Sundar said...

If it is not illegal, why did NMart file a petition in the High Court instead of convincing the police that their business is legal. hahaha.
Anyway they are going to face the real music in the AP High Court soon.

corporate frauds watch said...

Members of GoldQuest also argued in the same way that it is a good business opportunity. And now they are crying all the way to face criminal cases. It is going to happen to NMart racketeers also.

M.S.Virdi said...

M.S.Virdi 9914470055

If one think about all people and when it succeeded, then many persons copy its system by making some new modifications. Most of them makes people fool. So originality of that system becomes spoiled like MLM which is most powerful system. I know some people which was financially at the stage of 'aatmhatiya'. But now the well settled. MLM is GOD's scheme. He meet two people and they create genration. It happen again and again which become The WORLD. Some times some short time thinker makes plan only for there benefit then some misunderstanding and loses we faced. Excitement is the power of MLM but keep it under your mind not under your heart. Happy MLM.......

Shyam Sundar said...

This type of crooks are the most dangerous lot. Not only they lose their money, they also 'help' others to lose their money. The only way is arrest these crooks and put behind bars.

M.S.Virdi said...

Opinions are everybody's right. Some says they are helping people but same thing is crime in someone's thinking. Some people consider rope a snake and also some pick up snake by thinking it is a rope. But by This all ropes not become snakes or all snakes become ropes. Every system has limitations. If one have Mind System can be modified. Shutdown is not the solution. If any car makes an accident you can't Lock all car factories blaming 'cars are murderers'. By the way I am not doing Amway RMP Dewsoft RCM NMart so and so. I Think MLM system is Good But selfish people making it worse.. Thank you Shyam Sunder Ji considering me Dangerous Crook.

Shyam Sundar said...

It is not a just opinion. It is based on the judgements of the High Courts of Andhra Pradesh and Madras. Whatever written in this blog is just based on them only.

meenu said...

hi

meenu said...

hi shyam sunder g hw u? get wl soon plzzzzzzzzzzzzzzzzzz .
jai nmart jainmart

9888789788

Shyam Sundar said...

When will you come out of the lunatic asylum? Grow up and come out of the clutches of these racketeers. Wish you sound health.

Dheviraj said...

hi Mr. sundar sir... this is good awareness to the people who wants to be rich in short time. explain them about the grameena shopee concept, Nmart is not opening shops by themselves. and not guaranteed by them. if the loss of stock the franchisee must bare it. that means if the company say bye...then...???

and one more: associate's making one man rich without any hard work... except cheating middle class people.

alot of people talking about bonds etc... should they give guarantee..., there property for 5years for Nmart plan...? then i will join. Hope our innocent people know soon. i am just watching it... if anything went wrong i will the 1st person to file a case. thank you sir....

Dheviraj said...

hi Mr. sundar sir... this is good awareness to the people who wants to be rich in short time. explain them about the grameena shopee concept, Nmart is not opening shops by themselves. and not guaranteed by them. if the loss of stock the franchisee must bare it. that means if the company say bye...then...???

and one more: associate's making one man rich without any hard work... except cheating middle class people.

alot of people talking about bonds etc... should they give guarantee..., there property for 5years for Nmart plan...? then i will join. Hope our innocent people know soon. i am just watching it... if anything went wrong i will the 1st person to file a case. thank you sir....

paul said...

hello all ....
jai hind
me studied the comments of all leaders and specially nmart leaders,,, me not a networker nor any member of company or any lawyer,,, i just want that ,,, accept each other's view gracefully,,, so that each one should get respect here in this discussion forem,,,,

HARINDER said...

HI, JAI NMART JAI NMART JAI NMART
HARINDER SINGH
9814207505

Unknown said...

Dear Friends,

Watching this blog since long. MLM concept is not wrong. Companiies have made it this way.
People like me have joined N Mart by forcing by relatives. they r not our real relatives. if any one wants to punish some one, just enroll him into MLM or NMart.

Company will not fly now but will go away in 4 years when the time to return money comes.
And Mr handiford has resigned from NMart. CMD also seems to be a fraud.
GALI GALI MEIN SHOR HAI nmART CHOR HAI

Shyam Sundar said...

This Unknown fellow was cheated by NMart. But he still feels the concept of MLM is not wrong. He would keep on joining some more companies and is ready to lose his money. Still he is optimistic that one day he would find a good MLM and make money.
This fellow seems to be suffering from compulsive obsessive disorder.

MCB said...

After Studying entire comments One thing I understood that Mr.Sundar being a lawyer only know the sections of law but do not use his brain. A company will sustain when their cash inflow and outflow is balanced and they make profit out of it. Amway, RCM still working fine because they are selling product and getting profit out it which they share with their members. Both the company is working fine, even Mr sunder curse them they will run successfully. Now in case of Nmart, this is the most viable plan I observed as they are in Retail business. We purchase minimum 3000/- grocery from More., Bigbazaar, D Mart, Relience. If they get the customer in their kitty there turnover will be much more than Amway and RCM, which sells limited their own product. Cheater do not invest so much if they have to vanish one day. This is universal rule. Since last one year you have commented against them and they open 133 Shop throughout India. Without going into deep please do not comment rubbish. Please do not take reference of our law, there is no law in our country otherwise Kasab, Kalmadi, Raja would have been hanged. MLM generates wealth because they give more jobs to the people, otherwise you have be Tata or Ambani to open so many branches and give jobs to the people. Only multiplying your working hours only can increase your earning potential. This only can happen if somebody works on behalf of you. I would suggest to Mr. Sundar, you please join then comment on them.

Shyam Sundar said...

This nameless faceless fellow did not say what does he mean by hard work. Recruiting more people into the racket must be his hard work. He conveniently skips that joining and making others join in such schemes is against law. This fellow shamelessly says that Amway and RCM are still in the market. Both the companies are shameless because both were held illegal in the high courts of Andhra Pradesh and Madras. This kind of crooks we find all over world. They do not feel shame to join their own friends and relatives even at the cost of their relationship with them.

MCB said...
This comment has been removed by the author.
MCB said...

@Sundar...
Get well soon. All the laws are meant for the lawyer like you to earn money. No common people get any help from any Indian law. It is the Politician or big shots get the support of law. I think by continuously writing against this genuine business you are searching your client to increase your business. All the people know that no lawyer advice freely, so you have your hidden agenda. Better concentrate on your practice if at all you are getting any client. Another point all the income is subject to deduction of TDS, hence Govt. is getting substantial amount as tax. I know somebody whose monthly tax payment is more than the salary of the collector. Instead of criticizing if you have joined Nmart 7 months before, you could have earned lakhs of rupees and this kind cheap publicity was not required then.

1. I do not think you have the capability to give jobs to more than 10 people, even if you open a law firm. They all will cheat common people like you giving false promise of justice from court and "Tarikh pe Tarikh" will continue as your income, don't you feel ashamed of your profession. I am a Civil Engineer at least I am proud of my profession. With this business you can give jobs to thousands of people, they will earn money and you will get their blessings. I studied Amway and Nmart, whatever drawbacks in Amway, they removed from Nmart. Now it is full proof and you can't lose anything.

2.If you are telling Amway, RCM is illegal then how it is still continuing? I am still purchasing Amway product as I like the quality.

Please read my reply at least twice before you start playing you 7 months old record. By the time more than 700 people became Lakhpati, no one lose any money, retails shops increased from 2 to 133. They are bringing 10000Cr IPO, it is already approved by SEBI.
ENJOY LOOSER!!!

Shyam Sundar said...

This MCB fellow whatever that means (may be Male Chauvinistic B......d) feels that giving job means collecting non-refundable amount of Rs. 5500 promising a some money in the next four years.
Frauds like Amway and RCM are still running because of crooks like MCB. Paying TDS or income tax does not make them legitimate.
These shameless apologists indulge in all types of crimes and call names the law-abiding persons.

Shyam Sundar said...

First learn English. It is not Looser, it should be loser. Time would tell you who is loser.
Ultimately, people who joined in such schemes are losers. Not only that. People who joined such schemes at your behest would hate you and cut off all the relations with you. Then you would repent and feel the heat.

Shyam Sundar said...

As long as you keep on recruiting new scapegoats into the racket, these crooks survive. Once the recruitment dries out, these fraudsters would vanish.
Let us make one thing clear. I filed a criminal case against NMart. Instead of filing a criminal case against me for wrongly dragging the company, why did the NMart choose to file a writ petition in the AP High Court.
Last week, I filed an affidavit in the AP High Court with implead petition in the same writ petition. You prove your case there. What is the point in hurling abuses at me?
Just tell the point how it is not a crime and under what law these crooks are mobilising deposits in the name of retail.

Prabhat Kumar said...

Dear Shyam Sundar Sir,

First of all i really imprsed with u bcoz u r presenting ur sentences with a rite way but i wish more clearification about NMART from ur side.Is it rite or rong and y.
NMART also impresed me with their concept.Reason is only one-----
Namrt providing 8% descount on each and every product that we are currently using even it is dove soap or raymond cloths.If he is charging 5500 rs for lifelong discount then this is not a bad thing and if he is providing a way of earning by making users(they will also get discount) then this is also an advantage.It's my thinking.Tell me it's a bad concept or gud one.

i m respecing u
Prabhat Kumar

Shyam Sundar said...

Prabhat,
Is it necessary to collect Rs. 5500 to pay 8 per cent discount on products. That itself is illegal and encouraging members to recruit more members offering a commission of Rs. 200 is banned under the provisions of Prize Chits & Money Circulation Schemes (Banning) Act, 1978. Section 2 (c) of the Act clearly prohibits such enrollment. When the scheme itself is a crime how could it be justified.

Ashwini said...

Mr. Sham Sunder, I had read your statement but you have published comments which are your favor side other wise you will published my statement also. that means it has proved that how much honest you are. so please close your nautanki drama...

MCB said...

You have not posted my last reply this it self speaks your intention. If you have intention for awareness of the people please upload my last reply, where I answered you points and requested all reader to study business plan at www.nmart.co.in. Tell everyone the same if you are really honest.

Krishna said...

Hi Syam,

We understand the consequences faced by all the MLM companies till now.

But as the company is giving a agreement bond saying the below mentioned statements. U please look at it.

" Legalities we understand
NEWLOOK MULTITRADE is a registered company, registered under the company’s Act,
1956, having understood by both the parties herein on the following legal information
stated below:
1. It is believed and understood that, the Government of India in its letter vide
No.F.No.21/22/2001 Dt. 09/04/2003 & D.No.21/22/2001 Dt. 31/03/2003,
categorically stated that “the inapplicability of the provisions of the Prize Chits Money
Circulation Schemes (Banning) Act, 1978” to direct/network/ multilevel marketing,
does not come under purview of Police (criminal) action who carries a marketing
business of selling the products/goods similar to this Nmart.
2. It is also believed and understood that, the Hon’ble Supreme Court of India, in its
judgment reported in 1982 SC 949 & 1988 SC 492, categorically passed a historical
verdict, stating that the Police (criminal) action has no consequence on these type of
companies, so as also, in an other judgment reported in 2006 Crl.L.J.1961 by the
Hon’ble High Court of Patna (Bihar) that, even these type of Companies have only
consequence in Civil nature of Litigation.
Thus, both the parties herein once again believes and understands to proceed in this
Marketing Business, since it does not suffer from any legal complications as indicated
herein above. Hence entered under the following terms & conditions."

Kindly send us ur mail ID and phone no just to contact u for discussing.

MCB said...

GREAT NEWS!!! Nmart's present store is increased to 135. 2 new store opened in Kerala. So all the associates enjoy purchasing at Nmart shop and earn money. Mr. Sundar no one is forcing you to enroll other people under you. You just be a member and enjoy discount 2% to 20% from the shop, Free grocery worth 220/- per month, 1500/- credit per month and at the end of 4th year get a loyalty bonus of Rs.11000/-.
I wonder why you have not filled a case against LIC's money back policy? It is all the same they will take your money to enroll then after certain duration they will return certain percentage of of your money and at the end of terms a lumpsum loyalty bonus. Think twice before commenting rubbish.

Krishna said...

And in addition to the above can you please give us the stay copy from Hi Court of AP or any other document talking about this.

As all are educated, we all know how to discuss about things. These abuses will make the issue rigid and Non Sense but not any solution.

If you are sincerely interested in peoples safety in terms of their money, why dont you take like minded people along with keep a check on the same.

Krishna said...

Continuing the above...

If the business strategy which they are adopting is genuine .. then better put a full stop to the comments on NMART.

Amway and Nmart products may be good... but the business strategy adopted could have eliminated the loop holes.May be... What Say.

Everyone... Please co operate in discussion.

Shyam Sundar said...

Krishna,
All these fraudulent companies show the letter written by Mr Wajahat Habibullah but they conveniently skip the follow up letter which annulled the earlier letter. I have published both the letter in this blog go back and read them.
As per the Prize Chits & Money Circulation Schemes (Banning) Act, 1978, such schemes under the multilevel marketing is an offence punishable with an imprisonment of 3 years.
You may escape for some time but ultimately the company has to face the criminal case.
It is a free country and anybody could critise anybody. Don't ask me to stop criticism.
My email Id could be seen in the blog and my phone number is 0866-2479887.

Shyam Sundar said...

Ashwini has left a new comment on your post "NMart, a racketeer waiting out there to strike Ind...":

Mr. Sham Sunder, I had read your statement but you have published comments which are your favor side other wise you will published my statement also. that means it has proved that how much honest you are. so please close your nautanki drama...


MCB has left a new comment on your post "NMart, a racketeer waiting out there to strike Ind...":

You have not posted my last reply this it self speaks your intention. If you have intention for awareness of the people please upload my last reply, where I answered you points and requested all reader to study business plan at www.nmart.co.in. Tell everyone the same if you are really honest.

I have made it clear more than once I do not moderate comments. Everyone is welcome to publish their comments. If your comments are not publishable, then it is the decision of Google.

Shyam Sundar said...

Krishna, It is the NMart which filed the writ petition in the High Court. You could contact them and get a copy of it. Corporate Frauds Watch filed an implead petition in the writ and see what would happen.

Shyam Sundar said...

This MCB nameless fellow compares LIC's insurance business with NMart's fraud. How funny.

MCB said...
This comment has been removed by the author.
MCB said...

So, you find no problem with LIC's money back policy as LIC has their good will for long long years and you have problem with Nmart as it is one year old. Please check you will get some new entrants in the insurance sector who are also offering same type of policy. Since last one year Nmart has fulfilled all promises and they promised to open 11000 shops in 5 years. Today's count is 135, increased by 6 shop in last 15 days.

Take care
Mrinal

Krishna said...

Ok. Lets see the angle of LIC also one of our friend has mentioned.

LIC is also a kind of money taking assuring the insurance.right?

Lets talk both pros and cons to arrive at justifiable answers ...

One More thing.. if you think it is against law how government has given permission to these companies? Because it is not the first time this kind of business started?

Krishna said...

Another Info which i got...

Membership amount is 5500/- out of which around 2400/- is going to the people who referred him/her in the chain and 1200/- for Bonanza gifts(Any way with company till a person reaches that level) and some amount for their own charges.

And its not like any other business.. lets take Am way where it is not having any store existing ?? where as it is having around 130+ Stores running...

What say?

Shyam Sundar said...

According to the Section 2 (c) of Prize Chits & Money Circulation Schemes (Banning) Act, 1978, any scheme with the promise of easy and quick money is a crime. NMart is offering, according to the members, out of Rs 5500, Rs. 2400 is being offered as incentives to the members who enrolled new members. This is enough to say that it is a money circulation scheme. I rest my case.

Shyam Sundar said...

Why so many people are simultaneously trying to silence me. Is my blog that powerful that has become a threat to the very existence of NMart.
If Nmart is really honest and straightforward business house it could have convinced the police about its business model.
Instead the NMart has preferred to file a writ petition in the AP High Court only to prolong its cheating of people.
It is good that the AP HIgh Court did not accord stay orders in favour of NMart but gave notices to the police to explain their stand.

Krishna said...

Again you become normal man... U want to market your blog and name... Is it so..

If law is against to these markets then why government is so silent?

We will talk in favor to the concept for sometime and rest for some other.

And one more thing you are the only one man (1 or 2 more) trying to oppose this from the blog but most of the public is for it.. What say?

Mrinal said...

Dear Krishna,
Thank you for your comments. You may notice that Mr. Sundar is only against Nmart, he is not at all raising his voice against speak asia, which is actually a fraud company and police has already arrested their COO Tarak Bajpai. He is only against Amway, RCM and Nmart who doing business genuinely.
If one person comments against this business it will not effect anyway. So, Enjoy and keep saving money by purchasing from Nmart shop.

Shyam Sundar said...

It shows how much short-sighted you are. Just click the home button and you see how Corporate Frauds Watch (CFW) is fighting against all the MLM companies. Of course, Amway is mother of all scams and CFW has already filed four criminal cases against Amway.
Recently, CFW filed a criminal case against speakasiaonline and CID has already arrested some of the franchisees and has frozen Rs. 134 crore in its Bank accounts.
It is like some one said, "you are hitting me. Why don't you hit my brother-in-law too." No crook is exempted.

Shyam Sundar said...

For your kind information I do not market my blog. Just notice that there are no advertisements in my blog. So I am not earning anything through writing this.
My aim is only to warn my fellow humans all over world not to lose their hard-earned money to such fraudulent crooks.

Krishna said...

Take it easy.. any use cannot market much thru blogs...

But no body has complained that somebody lost money thru this...

What say? If no body is having problem then how it is wrong?

Shyam Sundar said...

In V-Can Network case and in Apple FMCG case, the Madras High Court categorically stated that the fact there were no complaints against some company would not make them legitimate business.

Shyam Sundar said...

http://corporatefraudswatch.blogspot.com/search?updated-max=2011-07-28T02%3A33%3A00-07%3A00&max-results=7
Just goto this address to fine another story on NMart and others.

meenu said...

hi, mirnal and krishana, good answer to dis person. but i thin there is no use to cry over this SICK person. . he has nothing to do in his life. so dnt wry shyam g , aap "LAGGEY RAHO".
KYA SHYAM G AAPNE TOE NMART SE JAL-JAL KE APANA RANG BHI KALA KER LIYA. come on man enjoy ur life.

oh haan life se yaad aaya, wo movie dekh k aana jera
"JINDGI NA MILEGI DUBAARA" shyad aap jina sikh jao. gud luck shyamu g.
JAI NMART JAI NMART JAI NMART
MEENAKSHI 9888789788

Shyam Sundar said...

I have come across many criminals like you. If you could not live like a law-abiding person, you blame the civilised persons. I could understand your weakness to indulge in crimes. Don't you think there is no difference between you and persons who sell anything including their person to eke out a living. I only pity you.

Shyam Sundar said...

Another fellow Manish says that whether I could provide employment for him. For the simple fact that you could not find employment you could not indulge in crimes. A crime is something against the society at large.
Don't be a criminal and be a law-abiding citizen.

Rahul Nikumbh said...

Jay ho Sham Sundar Jee Ki

hare krishna said...

sir r u visited vijayawad outlet. is there in signals to close the outlet.

its not appearing like other supermarkets like reliance more vishal. big boards r there but not big store.its not rich in quantity?

some people saying we can believe him as he deducting tds from pair income and he displaying reg.certificate in his website. etc.
why don't we consider lic moneyback policy also.it looted so many people with a long sheet of rules .

Shyam Sundar said...

Yeah! I visited the NMart retail stores at Vijayawada. Not only that they are recruiting members all over coastal districts which are actually far off from Vijayawada. What could they do with the coupons of Rs. 220 every month. It would cost them more than three hundred rupees to travel to this retail store.
The only attraction is the recruitment. If one recruits more members one could earn money. That is the illegal part.

hare krishna said...

now they removed monthly purchase compulsion(i.e.72,000/- in 4 years to get 11,000/- after 4 years).

is it a tricky way to attract more people to join.Sir do u know

personally this vijayawada store keeper (may be in u r street r u r batch mate in u r acadamics etc.)

Matz123 said...

Hi... I was very badly cheated in company called GISH Online and I think NMART is also heading thru the same direction. GISH Online had also opened up many stores in India with online order facilities. Now they are not to be seen anywhere and have left the scenario with the hard-earned money of the poor Customers... I agree to some extent with Shyam Sundar in this regard.
We need to be cautious before someone robs us of our hard-earned money.

hare krishna said...

hi matz123,

here these people are taking local buildings and opening malls in city centres.if they have to open a mall they hav to abide for some agreement with building owner(for rent).that agreement may 3to 4 or more years.they hav to pay some amount in advance .it might be 10laks to 15 lakhs.stores in mall can cost 3to4 lakhs.almost a 20 lakhs investment.and also they are not promising more thousands and thousands as profit.in 4 years we must purchase 72000/-(this month offer is there).15% of 72k would result in approximately 10000/-.in a study super mrket field's avg profit is 36%.there is no dificult him to pay this amount after 4 years. its ok .But point is guarantee.whether this fellow can stay at least for 4 years .even u didn't purcahse 72000 ,you can get 220X48=10560/-(scattered in 4 years).This requires a guarantee of standing for at least 4 years.

djshidh said...

Hello mr. Sunder. Good going by good comments, but u know what? u r sick, the work u r doing is simply blunder, disgusting. U know, u kind of people r simply wasting time and money, if u really want tn do some good thing then fight against corruption rather speaking rubbish against NMART or any other MLM. Ur profile says that u r a advocate but i m saying u r a false advocate bcoz u speaks so cheap things. U r fight against NMART from a long time but still now its going on.

Plz tell this person again and again Get well soon! ! !

hare krishna said...

mr djshidh,

did u come across mlm s like quantum(10years back),greatway shopping,alekya(5years back),so many.

now they don't have address.if they gain profits with their products they could sustain WITHOUT THEIR MLM xpansion as they already have good strength in market.it means their products were fake ,their concept was/is fake. quantum run for almost 4tp 5 years.but it is not present now. how we can believe this person(nmart) without bond paper(giving some agreement with a 1/- revenue stamp. may be it is valid as per law,But if he jumped from business can we as a person without back ground fight against this big fish? even no guarantee for deposits in banks(pvt.)no guarantee from rbi or any govt.firm.

hare krishna said...

u people why u r criticizing SHYAM sir for his good efforts for your welfare and country welfare.Ofcourse so many people now days not giving value to money as they hav surplus realestate money etc.Some people asking guarantee on govt.(because of scams).if u hav surplus money u u r self open a mall give offers on products on u r mall by cutting u r profit. why do u gave money these fake fellows.if they hav good history they will approach govt and other banks for funding not com to innocent people(not all).

santoshroy said...

Visit:: www.nmart.biz for more detail on nmart business plan...

Shyam Sundar said...

This fellow is extending unsolicited advice as if I do not know the business plan of NMart. He is one of those crooks who do not mind to cheat their own friends and relatives in order to make some money and helping the fraudulent company to reap several crores of rupees. People should be careful about such fellows.

hare krishna said...
This comment has been removed by the author.
hare krishna said...

santhosh
what i m asking is about u r fake agreement papers and guarantee on royalty bonus.we visited nmart mall at vijayawada.no comparison to malls like more ,reliance,spencers ,vishal(of course vishal of all chinagoods 2nd grade mall etc).nmart has large space low fmcg.it is attractive with hordings of neon lamps not with goods.

Shyam Sundar said...

If that business is genuine and as per the legal requirements, why the management of NMart has chosen to file a writ petition in the Andhra Pradesh High Court instead of convincing the investigating officer about the bona fides of the business. Of course, the Corporate Frauds Watch filed an implead petition in the writ and writ would be dismissed once the High Court Bench hears the case.

hare krishna said...

santhosh.......... no reply ?

Shyam Sundar said...

One of our readers Sachin Jain wrote a good analysis of the business fraud of NMart. It is published in the latest post. Just clikc HOME button you could read the analysis.

hare krishna said...

Sir,people r so crazy. They voluntarily joining in Nmart. They are comparing with shares-daily trading,krushi bank and some other banks (who cheated depositors).some r saying krushi bank fellow didn't given even 50% of principle amount to so many.How these people will convince? some(nmart distributors) saying 'RCM stil running with same concept.RCM people r selling their own brand products only.Nmart giving independence in brand selection ' etc.

hare krishna said...

Thing is Rs.5500/- became small amount for some middle class people.They r daring to invest in a mood of as they don't have that 5500/-.Such people should have their self drive to put full stop to this mlm activities.

પીયુષસિંહ અજીતસિંહ રાઉલજી said...

realy it's BAKWAS

NMART is good plan
join nd grow with it

SSVALI said...

According to the Section 2 (c) of Prize Chits & Money Circulation Schemes (Banning) Act, 1978 is word ko shyam sunder ji ne kitne baar istemal kiya boliye aur jeetiyega shanda inaam....nmart ka invertor,,personal desktop aur bhi aapke liye intezar kar rahe hain

anjeenil said...

ITS A GOOD AND WELL BASED PLAN
SO KINDLY GET ALL D INFO
N JOIN EARLY
AS U LIKE IT
FOR ANAND IN GUJARAT
CALL ME FOR GOOD FUTURE
9879447231
GOD BLESS U
N
GIVE U

Shyam Sundar said...

This type of crooks we come across everywhere. They induce people to become members as early as possible because the late comers would be losers. They know well that it is not going work forever and soon the chain would be broken leaving millions of Indians in the lurch. That is why they should be booked under Section 420 of IPC also.

hare krishna said...

What Mr.Anjeenil no response? in narasarao pet nmart opened a unit.

one of my freind visited and told me that is full of low quality brands.it doesn't hav all brands of soaps even DOVE.He also declared that is not like other supermarkets like reliance,more,spencers and atleast as VISHAL in guntur.Being a texttile company nmart does not hav any cloth section in recently opened mart in narasaraopet in guntur district.

Rajesh said...

Bhai sab log ye sham sunder ke picche kyu pade ho. Unko bhav mat do apne bhav badhao......Enjoy Nmart aage ki aage dekhenge. Hathi to chalta rahega...

hare krishna said...

it's not syam sir's view i m explained. just one of my friend's observation in a visit to nmart-at guntur district in ap

Shyam Sundar said...

Crooks like Rajesh are everywhere. They are interested only in their pocket and they do not mind to cheat their own friends and relatives.
Woh haathi rahegaa yaa gadhaa banegaa dekhenge. Jasoos dhyaan derahe hai iske bare mein.

Ashok said...

Hi Shyam,

First of all, my good wishes to your tireless work in bringing light on this MLM companies.

Why so many are sick here to criticize just for the sake of earning Rs.200 from friends/relatives of him. He could better beg/pick pocket it from the same people. Atleast these sic persons can save a huge amount going to the promoters of the so-called fraudulent company.

Well wishers of Nmart, better do brothel with ur own sister/mother and earn money. Please do not make millions of people a fool for making thousand of people rich.

Sick who are speaking in favor of Nmart, first of all feel that you are being cheated literally and royally by the Mangement of NMart. Doing no work they are going to make crores and you are the ones who will feel the ultimate hit from the crowd.

I am sure atleast many of the supporters will get hit by members who they had introduced.

F*ck Off, NMart Supporters

Anurag Sant said...

Dear All
Especially Shyam Sunder ji and His Supporters on this Blog.
I just want to say you one thing that if you do thinks that Nmart is wrong than it is my open challenge to you that take the 1000s of steps forward and make it off from the market in 6 months time....
accept it or fly away from commenting Rubbish about it.
Go ahead if you want any help from me I am ready to Help you in Any way. Beside I am a Business Asociate of Nmart Retails.
Regards
Anurag Sant
Business Associate
Nmart Retails
Chittorgarh (Rajasthan)
Mob. 09928029388

SAMEER said...

MR.SHYAM SUNDAR.
today i have seen all the war.i am saying it was a war because here nmart or mlm is like a prize and every dody is trying to win for their favour. some fools are against employment they can rush into any extent as a famous person have well said that FOOLS RUSHES THERE WHERE DEVILS FEAR TO GO. u r only trying to exhibit your talent and education you are thinking that after ur education all the institutions of the country are closed and u r the last educated survival,giving photo of an unknown inocent person and a fictitious name ur trying to famous what is ur id proof. I am un employed and working first time in mlm and have taken PIN FRANCHISE for the company so many like me what other option of employment infront of u for me and others like me please tell me courageously. SAMEER

Shyam Sundar said...

Here is one more crook reciting the old and senseless babble.
NMart agents have been recruiting by inducing them to join as members by paying Rs. 5500 even in remote areas of rural India. How they are going to encash coupons worth Rs. 220 every month by spending more than Rs. 300 to go the nearest retail showroom. Isn't it cheating?
You don't answer many questions posted here in this blog. But you prefer to hurl abuses.

Shyam Sundar said...

Some other company is operating in over 60 countries and claims to have lakhs of IBOs through out world. Still the AP High Court held that its business model is illegal. So is the case with NMart.

Akash said...

Hi, friends.
I suggest to everyone not to fall in hands of any network business.... Almost all of them are frauds....

I don't have legal or comercial expertise as many of you here. I have a simple question to all the network business groups(Namely Nmart). If the Quality:price ratio is as good as other market products then why don't you people compete in open retail market like other companies.......?

Please do not give the Policy craap.......

Abhiram said...

mathematical impossibility అంటే ఏంటో కొంచం వివరిస్తారా ... Please sir

Abhiram said...

http://www.youtube.com/watch?v=lZiorT3VeOY

what is this sir?

Abhiram said...
This comment has been removed by the author.
Abhiram said...
This comment has been removed by the author.
Abhiram said...

please go through this explain it sir ?
http://www.nwai.in/LegalIssues.aspx

thank you in advance.

Shyam Sundar said...

Abhiram has a sizable number of doubts. It is like believing in God. IF you believe in God no questions would arise and if anybody says that there is no god, a number of doubts come to the fore.
Mathematical impossibility: Joining two persons and those two persons joining two more persons results in an infinite chain. But there is nothing like infinite chain and the chain is going to break sooner than later. This is what is called mathematical impossibility.
Regarding the answer in Parliament,
I have already posted the same letter and the subsequent answers in Parliament.
Regarding the youtube story. I don't see any wrong with it. An advocate is supposed to defend his client for a fee. This advocate is doing just doing his job. Whether it is a lie or not one has to judge on the merits.

hare krishna said...

Sir, General doubt:Is it correct a lawyer to defend his client for fee as picture is clear his client is criminal(not related to that u tube story i didn't watch it).Like some lawyers are defending a.raja,gali janardan reddy ..end less list.?

Shyam Sundar said...

You asked a wonderful question with a straight face.
The job of an advocate is to defend his client and his job in a judicial court to assist the court to bring out the truth. As part of the job, he is supposed to defend his client and it is the duty of the prosecution to prove the crime beyond reasonable court.

ganti mallikarjun said...

Dear sir,
I am poor in English. meeru cheppina vishayalu N mart gurunchi chaala aalochicheylaga vunnayi. Meeru cheppina nejala valla konthamandi ina maarutharanukuntunnanu. nannu indulo join avvamani balavantham chestunnaru nenu choopinchey desalo chaalamandi veltaru andukani prathiroju nannu force chestunnaru. nenu eppudu MLM mkt lanti vatiki anti ga vuntanu.
Veelainantha twaraga ilati vallameda tagina charyalu thesukondi meeru ap court lo case vesinanduku chaala santhosam. adi me blog lo chadivaanu.

inka chaalamandinin ee N Mart vishayam lo educate cheyandi.
jai hind......

ganti mallikarjun said...

Dear sir,
I am poor in English. meeru cheppina vishayalu N mart gurunchi chaala aalochicheylaga vunnayi. Meeru cheppina nejala valla konthamandi ina maarutharanukuntunnanu. nannu indulo join avvamani balavantham chestunnaru nenu choopinchey desalo chaalamandi veltaru andukani prathiroju nannu force chestunnaru. nenu eppudu MLM mkt lanti vatiki anti ga vuntanu.
Veelainantha twaraga ilati vallameda tagina charyalu thesukondi meeru ap court lo case vesinanduku chaala santhosam. adi me blog lo chadivaanu.

inka chaalamandinin ee N Mart vishayam lo educate cheyandi.
jai hind......

ganti mallikarjun said...

Dear sir I want to know about one sim recharge is it true or not
and there are lot of providers are posted their web/blogs on one sim recharge with any mobile
and they are run with mlm market
Is this one sim rechare to any mobile under TRAI regulations or not
please let us educate
mallikarjun

Shyam Sundar said...

It is the latest scam and people won't complain against it till a sizable number of lost their hard-earned money. It is not the question whether it is approved by TRAI or not. The question is the illegal multilevel marketing. They are offering heaven on earth and people fall easily in such trap.
The ingredients of membership fee and commission on further enrollment which is illegal as per the Prize Chits & Money Circulation Schemes (Banning) Act, 1978 are present in the scam and it would be easy to file a criminal case.

sachin said...

NMART CHOR HAI
5500=21560
KAISE DE RAGI HAI
1 SAAL SE OFFER PEROID DR RAHI HAI
ABHI 12 DEC TAK KIYA HAI
BANK BHI MONEY DOUBLE KARNE KE LIYE 7 YEARS LAGATI HAI
LEKIN NMART 4 SAAL MEDE RAHI HAI
5500 MEIN 10560 FREE COUPONS KE BAAD 11000 RS BHI DE RAHI HAI
YAH CALCULATION HAZAM NAHI HOTA

Shyam Sundar said...

Yahin hai mera prashn. NMart kaisa degaa? Chaar saal mein itnaa paise! Kahaa se aayegaa?
NMart khil ke kitnaa saal hogayaa? Kitne members ko itnaa paise diyaa? Isiliye mein kaharaha hoon NMart chor hai.
My dear Sachin, as long as it gets money from new members NMart would give back to some of the members and once the recruitment suffers a setback, it vanishes.

Rajkumar said...

Dear Viewers,

Nmart is a Wonderful company and the MLM concept with FMCG product is the best. So, Dont wait for any other business. JOIN NMART.... Rajkumar - Chennai. Call : 9092566766

Rajkumar said...

Dear Mr.Shyam Sunder,

For past 1 year your commenting about NMART. Still ur doing the same, but the NMART is growing better & better. In January there are 10 Showrooms today 166 showroom are already opened. Instead of commenting join NMART and give an OPPORTUNITY to the people you know. Once they success in this business they will bless you and your family will get blessed by those people. But what you doing now is wasting of your time. By doing this definitely you cant earn a single Rupee. Meanwhile talk to the people about NMART and get your lifestyle change... Goodluck

Shyam Sundar said...

Gopal Singh Shekhawat, NMart owner, is lining his pockets with public money illegally. It is nothing but unjust enrichment which is against the law of the land. By encouraging your own friends and relatives to join such schemes, you are only helping Mr Shekhawat to become rich. You people never realise the size of the fraud being pulled on you.

satishh said...

dear shyam sunder
1)kindly tell whether any person can post a complaint against the collecting associate of nmart to the police?
2)has any asociate of nmart been provided with p/l balance sheet of the company?
3)every associate is asked to enter in an agreement.have u perused the same? what is your opinion on the draft of the agreement?
4)no one is telling what is the total membership.they only tell no of malls.
5)why police are not taking any action against the co.?
sir,ur catagorical answers to above will definately save the hard earned money of the innocent.

Shyam Sundar said...

YES. Anybody could lodge a complaint with the police against the fraudulent companies like NMart. However, it would be better if a group of victims approached the police. The agreements signed by the associates has no legal sanction and they are just papers.
Police are not taking action because there are no complainants. IF you approach the police they would sure take action.

ganti mallikarjun said...

శ్యా M సుందర్‌ గార్కి . చైన్‌ లింకు బిజినస్‌ లకు మీరు తెలిపే సూచనలు చాలా మందిని ఆలో చించే విదంగా వున్నాయి. మీరు తెలిపే సూచనలు ఎంతో మందికి కనువిప్పు కలిగిస్తున్నదుకు చాలా సంతోషంగా వుంది. మల్లికార్జున్‌

ganti mallikarjun said...

శ్యాం సుందర్‌ గార్కి . చైన్‌ లింకు బిజినస్‌ లకు మీరు తెలిపే సూచనలు చాలా మందిని ఆలో చించే విదంగా వున్నాయి. మీరు తెలిపే సూచనలు ఎంతో మందికి కనువిప్పు కలిగిస్తున్నదుకు చాలా సంతోషంగా వుంది. మీ బ్లాగు లో మీరు తెల్పిన విషయాలు నెను కొంతమందికి చూపి న్‌ మార్ట్‌ ఎ లా మొసం చెస్తుందో చూపి . కొందరిని ఐనా ఆపినందుకు నావంతు క్రుషి కి మీ సూచనలు ఎంతో మెలుచేసాయి. ద న్య వాదాలతో మీ మల్లికార్జున్‌

satishh said...

dear syam sunder,
thanks for ur advice.i really appreciate ur longing for making open true faces of such companies.nmart people are advertising (orally) that a big mall is being opened in ur city,and u will see the proof.the construction work is in progress and if do not join early u will loose the benefits others will get.

livewithNmart said...

'Nmart' is a good concept, retail based firm, having great potentiality to earn money.
try it out.
It's fantastic business Opportunity
Syam Kumar
+91 9248 10 9248
Vijayawada
AP

SASEENDRAN said...

Dear Sir, Why you are wasting time to fight with MLM people. If you are realy interested in our nation to be build with its own capacity., you may please do the way Anna Hazare. As we all know that in our country, there is not a law on MLM. Hence, this is my humble request you to fight with the Government for making a law first and fight with the companies those who are not fullfilling the guidlines/law.

Shyam Sundar said...

Who said there is no law against MLM. Prize Chits & Money Circulation Schemes (Banning) Act, 1978 is against MLM and the Supreme Court in Kuriachan Chacko case categorically stated that joining members infinitely is mathematical impossibility and is illegal. The problem is the victims come out to complain only after the crooks made millions. That is how these crooks are escaping.
I am only bringing awareness among people not to fall prey to such crooks.

Mrinal said...

Dear Friends,
I have joined Nmart on July'11 after studying entire comments. I posted my comments after that. You all can read my comments written under name MCB and then Mrinal. After a long duration I got some spare time to read this blog again and I find that Mr.Sundar is still trying to find some client who can make complain against Nmart and by chance Mr. Sundar get the case.

You all should know that within this five month I have achieved Inverter, Computer and very soon I will get Motor Byke. My total income including cash, award and gift voucher is 70000/=. Under my team so many people achieved award. I feel proud when I see that I have given earning potential to so many of my associates. For your information My leader has earned 1.6cr in this year itself and I have not seen anyone who lost anything in Nmart. Everyone in Nmart is a Winner. So, Friends do not waste your time on criticizing Nmart. Now Nmart is ISO9001:2008 certified company, I hope Mr. Sundar will study about ISO9001 and then comment anything loose. Come, Join with me and take this revolution to a another high. Call me @ 09561000313 anywhere from India, I will show you how to earn money legally (forget about "According to ...."). People can join me Anywhere from India.Call Now. God Bless.

Shyam Sundar said...

This type of crooks we come across in almost all the scams. There were some persons who earned several crores of rupees while enrolling members into the GoldQuest International. Now all of them are facing criminal case and some of them went underground. They have also claimed earlier that this is a 'good business opportunity' and urged people not to miss the bus.
This MCB fellow must have tricked several thousands of people into joining this scheme. However, once the bubble bursts, the fish would be out of water.
These fellows would never realise that how much Gopal Singh Shekhawat made while these people are happy with peanuts. This is nothing but unjust enrichment.

SASEENDRAN said...

Dear Shyamji,
I have writtent that there is NO law ON mlm in India instead of AGAINST mlm which may please note. If any law ON MLM, you may please quote the same to enable us to fight against those companies which are not following the LAW.

Shyam Sundar said...

Suseendran,
We file criminal cases against persons or entities if there is a law against such criminal activities. This is the absurd way of argument to demand a law on MLM. Do you want a law on MLM in favour of it or against it?

BANDA said...

Sundarji,
i was reading the blogs regarding Nmart.have u any data how much own capital the promoter has invested in this business.How much money he has collected from market.whatis the back ground of promoters.please make it public if possible along with your comments.
Banda

Shyam Sundar said...

All this information could be provided to the investigating officer. Instead, NMart has chosen to scuttle the investigation by filing a writ petition in AP High Court.WHY?
The NMart is afraid that the skeletons would tumble out of the cupboard.

ketan said...

Good discussion going on... This industry requires a regulatory framework from the end of our Government. Several self regulatory bodies like IDSA, WFDSA etc. are pursuading government to make strict laws regulating this industry. As in developed countries like USA, China, UK etc. several Network Marketing companies like Amway, Oriflame, Mary Kay, Avon etc. have been operating for more than 5 decades, flourishing and recording a double digit growth in PRODUCTS turnover every year and its considered as a bright career option.... I would recommend you all to read a book 'Business School' written by Robert Kiyosaki to judge the genueinity and reliablity of a MLM company.

Shyam Sundar said...

Next, thieves, burglers, dacoits form association and bring pressure on the Government to enact a law in their favour so that they could continue their criminal activities.
Shameless apologists stoop to any level to loot the countrymen in the name of network marketing.

hare krishna said...

Sir how other countries accepting these looting companies?Or these amway and other fellows working on different formula in other countries ?

Shyam Sundar said...

Amway is facing a criminal trial in the USA. It was asked to shut down its business model in China but it could sell its products.
In spite of the AP High Court judgement and the Supreme Court confirmation, Amway is still doing its business in India.
After the Kerala police shut it down, it did nothing to move the judiciary. But its apologists brought pressure tactics on the Government.

Nikhil said...

Anybody wants to join Nmart Call me on 9923641878...

Nikhil said...

..










Anybody wants to join Nmart Call me on 9923641878...






















..

Nikhil said...
This comment has been removed by a blog administrator.
RVM.KARTHIKEYAN. said...

any body wants to join to'N-Mart'call me 9443037585.

Mrinal said...

Dear Friends,
On 24-12-2011 CNBC Awaaz shown interview of Nmart CMD Mr. Gopal Shekhawat. Any body who missed that news please watch the same in http://nmartunlimited.blogspot.com

Join Nmart, work for 1 year earn for the life.

sm naqvi said...

shyam subar u are failed now your are pointing nmart since 2 years but not single point you find to failed nmart you know when u start this argue there are only 30 malls of nmart today they have 200 malls all over india actually you did not proper studied about nmar first you learn about that than argue nmart will change you if you join that time.....its your bad luck still you have time to join nmart..............

Shyam Sundar said...

This crook has already collected several hundreds of crores from public offering provisions in future. No strange this is not seen as a crime by all these apologists.
Because they are also part of the racket.
The apologists of GoldQuest said the same thing in the past and now they are all facing criminal charges.

SAMEER said...

It is not good to compare electric bulb with sun.there should be comparison of equal status companies who are product based,registered, ISO certified, and have their parent companies and also have some social activities. we cannot compare every body who puts on dhoti with Mahatma Gandhi.we cannot say a person having gun in his hand as a criminal he may be a soldier fighting for his country.before Einstien there was also apples fallen on the ground but when it fall on the head of Einstiens his brain started working that why it fall on my head why not in other direction not up in the sky and he discovered the force of gravity of the earth attracts all the things towards it, Here, I am to say that some thing like that has fallen on somebodies head and they are trying to discover some thing out of this let them to do their research but my dear associate friends we are working for our countries company and have some share in the development of our economy as. TDS to the Govt. Service tax to Bankers and organisations income and benefits to our friends charity throurh the trust.go ahed dont bother whoever is shouting .
SAMEER
NAME IS ENOUGH

Mrinal said...

WOW Sameer! Nice comments.

Watch my Blog
http:\\nmartunlimited.blogspot.com

Last two years Nmart has proved they are in the right path. They achieved 19th Journalist Award, got ISO certified, opened 200 mall, paid all the amount as promised, Now entering into Insurance. So, friends enjoy your life with Nmart.

Shyam Sundar said...

All crooks say the same thing before they were booked. Sameer and Mrinal and umpteen others are out to cheat their own friends and relatives. Probably they have already roped in sizable number of people.
Don't you realise the simple thing. NMart is offering products in the next four years but collecting money in advance. Cannot you see the racket. You refuse to see the reality because you are also lining your pocket with some of the racketeering.

hare krishna said...

wishing a mlm free happy new year to one and all.

Ganesh said...

It's Ganesh
Shyam Sundar ji I think when u have no work then u discuss about Nmart. I think u practice here ur profession. So it's fine.
Asolme mujhe lagta hai ke apko jab kam nehi hota hai tab ajate hai Nmart ke pichhe.
Waise mujhe kai interest nehi hai. may sirf itna dekhraha tha regularly app nmartke bareme post karte the par 2012me kisiko Happy New Year tak nehi Wish kiye. Q sirji Apto Bahot Selfish nehi sirf, kanjoosev hai.
However Happy New Year Bahot Bara wakil Baniye or practice ke liye MLM companyo ke pichhe lagna mat bhulega.
Jai Ho apki Sochki.............

hare krishna said...

sir what about FLP(ForeverLivingProducts)network marketing?(marketing Aloe vera based products)

hare krishna said...

People who are using their products for sugar control and knee pains saying wonderful results.

Shyam Sundar said...

Many people rather innocently believe that aloe vera products are giving them relief from pains.
It is not even medicine. How could they? Just it is another hype created by the crooks.

SASEENDRAN said...

Dear all nmartian,

please educate me how is possible to return almost double money of joining amount with doing a traditional marketing.

As you know almost 60 to 70% of joining amount is distributed for commission for networking.

I would request to anybody from nmart family to clarify the above point. In their agreement company is never gauranted to return money.They have mentioned only loyalty bonus of rs.11,000.00 will be returned after 48 months of purchases.

Again they have written that new look multitrade will try its best to give maximum bonus not less than rs.11,000.00*.

I can't understand what they want to tell with * mark.
Please reply anybody

Shyam Sundar said...

Everyone is silent because they are working under cover and spreading like water under carpet.
NMart filed a writ petition in the AP High Court and it is yet to reach the Bench for hearing.
Meanwhile this crooks have spread through out the length and breadth of the country sucking the blood of people of India.

Shyam Sundar said...

Hare Krishna,
We can do one thing. File as many as criminal cases against these companies. At least lodge complaints with the police, Press, politicians and others. They might discourage us. But we have to continue the battle till the government hears our voice.
Once several hundreds cases are filed against such companies, we can demand for closure of such fraudsters.

SASEENDRAN said...

Dear all,

Where is Nmart leaders. Nobody has answered my questions. Are you agree with my views ? If, not please answer me

NMART ASSOCIATE said...

TO Shyam sundar
sir your very true
i just like to add one more point to u.
As company said to give 800vts inverter, after joining NEW 10pairs
but now nmart giving only 1980/- rupees cash and
For achieving 25 pair computer but nmart transferring just 7000/- rupees as compensation to computer this shows they are fraud and cheaters

hare krishna said...

ha ha ha what mrinal and other nmart fans saying on this?

Shyam Sundar said...

Dear Daisy,
Regarding your answer to Saseendran, You are asking to meet some senior member to get clarification. In effect you are incompetent to answer questions but you feel that NMart is great business opportunity without knowing anything about the business modus operandi. What a blind faith!

konkona said...

Thanks Mr. Sham Sundar about your continuous revolt against the MLM scheme in India.I really appreciate it. Basically I think the so called owners of these schemes are sponsoring political parties in India and Govt. is not doing anything against these fraudsters. You are right about the RBI policy, that money taken as deposits are illegal and fraudulent. There are also lots of chit funds growing like mushrooms and trying to get deposits from people who stay in remote parts of India. They are issuing preferential reedemable shares against their properties like land, plantation, hotels etc. They are not SEBI registered but RBI registered. They are not NBFCs but issuing ponzi schemes.Goverment has to nail down these types of frauds.RBI is also concerned about these too.We have to remember that not everyone can get rich overnight or in the span of 4 years. LIC money back schemes are here and they will go alive for years as they are legitimate, registered in SEBI. We will understand when we will be cheated.
In my native place, I have a cinema hall(currently closed).There NMART distributor came to open retail store.I could not able to understand how people will able to buy Rs.1500 worth of goods every month where majority of them earn Rs.100 per day as day labourer.My father and my uncle has told 'No' to NMART for renting the cinema hall space and open retail store over there. Being in BFSI segment for almost 8 years, atleast I can understand what is chitfund in India.

kiran thakur said...

Yes every big, great and good networker know very well about networking companies but they all don't have choice to earn very easy and fast money other than these rackets because they have spent there time in network marketing and first they failed. and if any concept come with any new system they thought its my turn to fool the peoples because before this
all the leaders fool me and earn money through me and i have waist my time, and now its my turn to earn i will earn before company face any trouble so "first come first earn and first run"

mlm leaders always do like this only first these leaders are cheaters

kiran thakur said...

Yes every big, great and good networker know very well about networking companies but they all don't have choice to earn very easy and fast money other than these rackets because they have spent there time in network marketing and first they failed. and if any concept come with any new system they thought its my turn to fool the peoples because before this
all the leaders fool me and earn money through me and i have waist my time, and now its my turn to earn i will earn before company face any trouble so "first come first earn and first run"

mlm leaders always do like this only first these leaders are cheaters

do nmart earn smart said...

NMART IS NOT CHEATING PEOPLE.. PEOPLE IS GETTING RS 2640 [220*12 MONTHS] WORTH OF PRODUCTS IN ONE YEAR AND RS 1500/ AS CREDIT. SO TOTALLY. PEOPLE IS GETTING RS 4140/ WORTH OF PRODUCTS.. ONLY 1360 IS BALENCE. THAT TOO. IN NEXT SIX MONTHS THEY WILL GET BACK WORTH OF PRODUCTS.. SO WHERE COMES CHEATING??
IN JUST 18 MONTHS ALL NMART JOINEES GETS BACK RS 5460 WORTH OF PRODUCTS.. THE REMAINING 30 MONTHS THEY WILL GET PROFITS UPTO 6600/.. SO NO CHEATING HERE IN NMART..

Shyam Sundar said...

Why you did not mention about suit length. Did you miss it or you did not get it. You did not calculate the value of suit length. That means they are not giving suit lengths to everyone. hahahahahaha.LoL.

Unknown said...

Gopal Ji aap age badho hum sub nmart associates aap ke sath hai...aur ha syamsundar ki bakvas ke upar dyan na de...ye shyamsudar jaise log ye nahi jante ki roti kaise dete hai, par ha ye zarur jante hai ke roti kaise chhinte hai...

Bijay Kumar Beura said...

gopal ji app thoda odisha ke nmart store ko bhi dekhiye to app ko patta chalega ki odisha ke associate kis paresani main hain. nmart karake sab abhi pachtaba karne ke alaba aur kuchh baki nahi hain. 40/50 din ho gaye hain lekin nmart ka pata nahi aur nmart store khulega ki nahi malum nahi hai.