Cyberabad Police bust multi-level marketing scam

The Cyberabad Police of Telangana have busted a multi-level marketing scam here and arrested Baki Srinivas Reddy, the Managing Director of SERFA Marketing Private Limited. They have seized computer hard disks from the Hyderabad office.

“The Visakhapatnam-based company is luring home makers, retired people, students, the unemployed youth by offering part-time job to run the money circulation schemes,” Cyberabad Commissioner V C Sajjanar said.

Such schemes are banned in the country under the provisions of Prize Chits and Money Circulation Schemes (Banning) Act 1978.

“We again request the public not to look for easy or quick money. There is no short cut to earn easy money,” Commisioner added.