Yet another MLM company, Azmalo fleecing Telangana people

P Vishnuvardhan Reddy

Here is a new multi-level marketing (MLM) company that is offering a whopping Rs 2.5 crore income in just one year on a meagre investment of Rs 3000.What more! The company is not collecting the Rs 3,000 just as investment. It claims that the member will be given a water purifier in return for Rs 3,000. However, the member has to bring in five more members into the company’s fold to get Rs 2.5 crore income in jus

one year. The company named Azmalo.com, claim to be a Lucknow based company, has been all over the internet and also organising meetings across the country to lure customers into its fold.

The company recently organised meetings in Ramanthapur and Sundaraiah Vignana Kendram to promote its business. The company asked interested people can contact one Raghava Rao for details and even posted his mobile numbers on the website.The company initially lures the customers on the promise that they will get over Rs 2 crore in return for getting five people as customers. The company also promises that even if the five members fail to do any business, the returns are guaranteed.

Ones a customer falls to their trap, the company marketing executives convince and compel the victims to invest lakhs of rupees in multiples of Rs 3,000. The marketing executives lure the customers saying that the investors can become millionaires in

n just one year by investing a few lakhs. Since the company promises to pay the returns on investment in instalments over a period of one year, many are falling in the company’s trap and losing their hard earned money.

Though the reason for the survival of such fraudulent companies is the greed for becoming millionaires within a short period and that too in an easy manner, observers stress that there is an urgent need for the police to act against this company and prevent them from robbing gullible people because the company is said to have collected crores of rupees in Telangana.