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.