Indian Teacher Arrested for Marketing Scam worth Rs. 2.5 Crores

Teacher Kailashchandra Arya was arrested for his part in a marketing scam in which he amassed Rs. 2.5 Crores within a year.

Teacher Arrested for Marketing Scam worth Rs. 2.5 Crores f

"The man had lured close to 60,000 members to buy the products."

Kailashchandra Arya, aged 50, of Madhya Pradesh, was arrested on Sunday, October 21, 2018, for his part in a multi-level marketing scam.

It was heard that Arya, a teacher by profession, is part of a larger scam involving company Future Maker Life Care Pvt Ltd (FMLC), worth Rs. 3,000 Crores (£313 million).

The marketing distributor was arrested in Hyderabad when he visited the city for personal work.

Since February 2017, Arya amassed Rs. 2.5 Crores (£261,300) by luring innocent people to take up a membership with the company and purchase its products.

Approximately 60,000 people from rural areas of Madhya Pradesh were lured into joining the multi-level marketing scheme of FMLC.

The Cyberabad Economic Offences Wing (EOW) has been suspicious about FMLC’s fraudulent activities and have arrested other distributors.

According to police, Kailashchandra had convinced thousands of people, many of which were unemployed and illiterate, to attend FMLC meetings.

Many of the meetings were held in high-end hotels in Madhya Pradesh.

When questioned, Arya admitting telling members to buy the company’s products.

He told them false stories about the products and said that members would get huge commissions and also if they sign up new members.

However, the commissions he had promised to the 60,000 members instead, went to him.

Arya became a Royal Diamond Star member and made Rs. 2.5 Crores (£261,300) through commissions.

Police said: “The man had lured close to 60,000 members to buy the products of FMLC Global Marketing Pvt Ltd.”

“He had said that they would be getting the commissions and also that if they join more members, they would be getting huge amounts of easy money.”

“He has earned about Rs. 2.5 Crore (£261,300) since February 2017, towards commission.”

The EOW has said that Arya is part of a larger scam allegedly conducted by FMLC.

EOW commissioner V.C. Sajjanar said: “Kailashchandra was working on the instructions of company owner Radheshyam and conducting meetings for the public at star hotels across Madhya Pradesh.”

“The company has duped around Rs. 60 Lakhs (£62,700) (from) customers across the country on the pretext of providing high returns for investing in the company and purchasing their products.”

“The fraud committed by the company has totalled to about Rs. 3,000 Crores (£313 million).”

Kailashchandra Arya is to be produced before the court for judicial remand.

Dhiren is a journalism graduate with a passion for gaming, watching films and sports. He also enjoys cooking from time to time. His motto is to “Live life one day at a time.”

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