KOZHIKODE: Just a few months after the multi-million money chain frauds that rocked the state, new firms indulging in such activities have started to surface again. Police said a US-based beverage company launched its money chain operations in Thiruvananthapuram a week ago.“The firm is indulging in money chain business in various parts of the state,” a top police official investigating the Tycoon fraud told Express.He added that the promoters of the money chain companies, including Amway, Tycoon and Nano Excel, who are facing criminal charges, have joined this new firm and started to enlist people. Over 20,000 people have reportedly become part of the chain in Wayanad, Kannur, Malappuram, Thrissur, Ernakulam and Thiruvananthapuram.The company is using health juices as its binary product. To be part of this new scheme, a consumer should first buy four bottles of 750 ml of health juices at a cost of Rs 8,000. Later, he should join more people to his chain. Apart from recruiting downstream distributors, a member should also buy the same juices worth Rs 4,000 every month to receive the benefits.“Though we have made significant progress in the investigation of money chain frauds, many of the so-called promoters are still at large. Unless the entire network of money chain activities is busted, it will surface again in one form or other in the state,” the officials said.At present, they were facing difficulty in conducting investigation and taking action against the newly-surfaced money chain firms as the people who fall prey to the fraud would not come up with complaints, the official added.
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