It is a mirage. Still people tend to believe that it is true. The case in point is easy and quick money. People always fall for it. Some call it 'good business opportunity' while some others call it 'good investment opportunity'. Whatever they call it, people fall for it and before they realised what happened, they are made to part with their hard-earned money.
Rose Valley group of Industries have been aggressive in mobilising public deposits in the North-Eastern States of India in the name of good investment opportunity. Like all crooks, they also state that the money they are investing in would double within a short span of time and it may give more. All you have to do is deposit some money with the Rose Valley group and mobilise more people to deposit similar amounts. Of course, they would be handsomely rewarded with lots of commission. Rings any bell. Yes! This is also another money circulation scheme in the name of real estate.
Rose Valley group of Industries has already forayed into real estate, films, amusement parks, resorts, insurance and what not. But it has done all these businesses with public money. If they have such type of good projects, they could approach commercial banks which would happily lend any amount of money if the projects are good. But these crooks would have to repay the loans to the banks. If they raise the money from public, they are not answerable. If at all, criminal cases are filed against them, it takes at least a decade to settle the issue.
Peerless Group and Sahara Group also did the same trick and now they are honourable business houses. Several companies like Golden Forest never repaid their depositors.
Public memory is very short and naturally they keep on giving their hard-earned money to this type of crooks who approach them with sweet talk.
