Malabar Gold and Diamonds, one of the top five jewelry chain across the world, has said that an orchestrated conspiracy is taking place to malign the brand which has a trusted customer base across the globe.
A photograph in which a Pakistan national flag engraved cake is being cut has been deliberately spread across social media platforms alleging that the same was done by Malabar Gold and Diamonds.
The company has already clarified that it has no connection with the photograph being spread and it is a celebration held at another money exchange company in the Middle East, and their logo is clearly visible in the background.
This being the fact, some quarters with clear vested interests, are circulating this among unsuspecting people. Some of the local organisations were misguided with this fake image and they are organizing protest campaigns against the company in some markets.
Malabar Gold and Diamonds wishes to inform every stake holder once again that the company has nothing to do with the cake cutting photograph being circulated and the campaigns against the company using this particular image is part of a conspiracy to damage the brand by its business rivals.
Upon an enquiry performed on the company's complaint regarding this cybercrime against it, Dubai Police has already arrested one person on Monday and he is under custody now and the case will be referred to prosecution.
Malabar Gold and Diamonds is very much an Indian company upholding the values of Indian democracy.
With its humble beginning in 1993 at Kozhikode, Malabar Gold and Diamonds has grown into an international jewelry chain today with 156 branches across nine countries and over 8000 employees.
Malabar Gold and Diamonds has 2,000 investors from varied regional, cultural and religious backgrounds of whom 400 are working within the company itself.
Malabar Gold and Diamonds has significantly contributed to the country's, health, education, women empowerment and housing through elaborate social responsibility programs in association with various state governments.
Malabar Gold maintains highest level of transparency and uprightness in all its operations. We request the general public not to be misguided with this kind of false propaganda.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)