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Moneymunch: G N Dairies against consumer complaints order for fraud & cheater

SEBI - Securities and Exchange Board of India
SEBI - Securities and Exchange Board of India

Just few hours back, Securities and Exchange Board of India announced unauthorized dairy investment scheme run by G N Dairies and has asked the company to refund investors’ money. Consequently, SEBI ordered 3-month time period from date of October 31 for return money to it investors because all investment schemes designed with wrong intention and company promise of high returns in the name of trading of cattle and ghee without obtaining requisite certificate from the market regulator.

[sws_blockquote_endquote align=”” cite=”” quotestyle=”style05″] If the company fails to comply with its directives, a reference would be made to the state government and local police to register a civil/criminal (consumer) case/complaints against them for fraud and cheating (cheater). – SEBI

By Moneymunch online investigation(review/feedback), the company claimed it has returned calves and ghee to as many as 45,000 investors.

Checkout similar two complaints investigated by Moneymunch:

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1 Comment

  1. Guruji, your BHEL call was spot on. Fantastic call. Please do keep giving similar free calls for the needy. Regards L.S.Kumar

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