Saturday, 13 July 2013

Cattle & Ghee racket unearthed, SEBI asks HBN Dairies & Allied Ltd to refund money to people

http://www.hbnglobal.com/dairy/dairy.

Here is another racketeer company which collected Rs. 1,100 crore (Rs. 11 billion) from public on the promise of high returns within a short span. Any idea what the company had been up to. The company wants to buy cattle and sell ghee to foreign countries to earn thousands of crores of rupees. 
The company had succeeded through the 'agents' to hoodwink people that it is a profitable venture and people believed it blindly. 
The gullible have already invested Rs. 745 crore in the company's 'Cattle and Ghee' scheme with the hope that they are going to become millionaires soon. By March 31, 2011, it has collected Rs. 745 crore from public and after that also it continued the collection. Though it has yet to be ascertained how much the company had actually collected from public it is estimated that it would be Rs. 1,100 crore. 
As is their wont, the Securities and Exchanges Board of India (SEBI) woke up late from slumber and ordered the company to refund the deposits to people. 
The SEBI has issued restrictions on the company which prohibited selling of its properties worth Rs. 1,000 crore in addition to the deposits collected by the company. 
The SEBI has also instructed the company to prepare an action plan to refund the Rs. 1100 crore deposits to the public within thirty days. 

10 comments:

jiyo aur jeene do...! said...

i think this is a very pure business,this is a 4 legs plan and hard working plan,no one can earn money without efforts, in this plan u generate the business volume through your team.

jiyo aur jeene do...! said...

mizodirect is a simply working plan when u put 100000 bv by your all team then u get incentive rs 1200 this is a very safe plan no need to afraid from it, u have to re-purchase every month rs 1000

jiyo aur jeene do...! said...

yesterday mizodirect launching says "satya pareshan ho sakta hai kintu parajit nahi"

manish joshi said...

we will creat history in all over world,we need support this business opp. can give a good per capita income to indians,why u go other mlm company which is not indian,build india through mizodirect jai hind

manish joshi said...

mr shyam sunder is not against genune products base company,he know all the facts,i think he will support us,this is not an investment company.

BIPIN BIHARI Naik said...

A shyam kuch din ke baad MLM ka guide line central govt. lunch kar raha hey.tou tu aabhi kiy karega bey.Tera tou dhanda pani band ho jayaga.Isi liya may bolta hu tu dusra kuch dhand dekh yaar.Nahi tou tere b--- tujhi bahut gali dega bey.Mizo govt ke picha kiu kar raha bey.

ravi kalluri said...

HBN DAIRIES AND ALLIED LIMITED : directors
AMANDEEP SINGH SRAN 6/73, SF Plot No. 6, Road NO. 73, West Punjabi Bagh, NEW DELHI, 110026, IA Managing director
HARMANDER SINGH SRAN 6/73, SF Plot No. 6, Road NO. 73, West Punjabi Bagh, NEW DELHI, 110026, 8 MANJEET KAUR SRAN 6/73, F.F. Plot no. 6, Road NO. 73, West Punjabi Bagh, New Delhi, 110026, 3 JASBEER KAUR 2 BLOCK-10, SUBHASH NAGAR, NEW DELHI, 110027, R Neha Pawar G-20, House No.-96, Sector-7, Rohini, Delhi, Delhi, 110085, Delhi, INDIA Secretary.

MALLAPPA RAJU said...

THE SHILLONG TIMES NEWS PAPER, DATED 02nd AUG 2013
Aizawl: The Mizoram government ton Thursday disowned a company which claimed itself to be a state government undertaking and said strict disciplinary action would be taken against the senior IPS officer who has floated the firm.

A disclaimer on Thursday issued by the chief secretary’s office said Mizoram Direct Marketing Limited, registered under the Companies Act 1956 on Mar 11, 2013 was launched by Principal Secretary of the state Industries department P C Lallawmsanga in his personal capacity, and not on behalf of the government of Mizoram.

Government officials floating business outfits to conduct commercial activities by branding the concern as a wholly owned company of the government of Mizoram required a policy decision by the Cabinet, the disclaimer said.

“Memorandum of Association & Articles of Association have neither been vetted by the Law Department nor concurred by the Finance Department, Government of Mizoram before approaching the Registrar of Companies and the Directors and have also not obtained prior permission as required under the CCS (Conduct) Rules to float a commercial concern,” it said.

Lallawmsanga has not been authorised to sign the MoU between the state government and Chennai-based RMP Infotec Pvt Ltd on December 10, 2Ol2 and the licensee agreement between Mizoram Direct Marketing Ltd and Mizo Lifestyle Marketing Pvt Ltd dated March 13, 2O13 purportedly on behalf of government the disclaimer said.

Chief Secretary L Tochhong today told media persons that the government was contemplating taking disciplinary action against Lallawmsanga, a 1984 batch Tamil Nadu cadre IPS officer holding the rank of Additional DG of Police.

Punitive action might also be taken against the other two company ‘directors’ – Teresy Vanlalhruaii and Lalbiakthanga Chhakchhuak, sources said.

The Mizoram Direct Marketing Limited was formally launched on July 18 at Science City Auditorium in Kolkata, attended by well-known personalities including those from big companies.

Sources said Mizoram Chief Secretary informed Lallawmsanga not to attend the launching function, but the latter disobeyed her orders claiming that he and the newly-formed company had the blessings of the state chief minister.

The company’s website was taken offline soon after launching of the company while it was suspected that some other government officials in the state Information and Communication Technology department and National Informatics Centre (NIC) were involved as the website was also reportedly designed by the state government-owned Zoram Electronics Development Corporation Ltd. (ZENICS).

The company’s main business, according to the pre-launch advertisements, was promoting direct selling of branded consumer goods in the country. (PTI)


Read more at
http://www.theshillongtimes.com/2013/08/02/mizoram-govt-disowns-company-claiming-to-be-a-govt-undertaking/#YyEBj1jbP48ehtQW.99

Soundra Saravanan said...

Hi, very nice and informative blog with a lot of informations. We manufacture, supply and export Cow Ghee and various Food Products .
Thanks for sharing.

dhilipan dhilipan said...

I think Hbn dairies and allied Ltd is a illegal company. Because it could not refund amount of 4 crores to investors after one year of maturity date in a state of tamilnadu.