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Police told to act against ads of chain marketing firms: Patil

Press Trust of India  |  Mumbai 

Police would be issued orders to take suo action and file cases if they see advertisements of chain marketing companies, for Home today said.

He was replying to supplementary queries on a calling attention notice moved yesterday by the NCP's Prakash Gajbhiye in the

Raising a supplementary query, Gajbhiye said that thousands of people were being cheated due to this financial fraud.

further said that cases registered in connection with these chain marketing companies had risen in the state.

While in 2016, 7,049 cases were filed, 2017 saw a 12 per cent rise with 7,918 cases filed against such firms, said.

He informed that banks had been instructed not to extend credit to such companies.

"29 cases have been filed against chain marketing companies across the country and 31 people have been arrested. So far government has seized Rs 144 crores from of these companies," Patil said.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Sat, March 10 2018. 19:35 IST