Gold Sukh promised returns 27 times than the investment in just 15 months and was able to lure many politicians, police officers and businessmen
Jaipur-based multi-level marketing (MLM) company, Gold Sukh, has allegedly duped over 1.75 lakh investors for over Rs200 crore. The company promised investors 27 time returns in just 15 months, on their deposits for buying gold.
According to the police, the company has spread its operation over 27 cities across India. So far, two directors of the company – Jagdish Sharma and Rameshwar Prasad and seven other management employees of the company have been arrested.
Meanwhile, the number of investors approaching Police to file a complaint is increasing. Several agitated investors also protested outside the closed office of the company. Gold Sukh even managed to lure many politicians, policemen and several businessmen.
According to a news report, the investigating authorities are planning to issue red-corner notice against the directors of the company, who have been absconding and have fled to Bangkok.
“We have started formalities to get the passport of the absconding directors impounded and a red-corner notice issued by the Interpol,” Commissioner of Police BL Soni was quoted saying in daily.
Company’s website has also become non-functional after the news broke out. It is also reported that a committee named Gold Sukh Pidit Sangharsh Samiti, is been formed seeking government’s intervention in the matter.
The news comes at time, when number of other ponzi companies such as SpeakAsia, Tycoon Empire International have managed to dupe investors for several crore. Investigation authorities are planning several measures to curb such companies claiming to give easy and quick income.
Calling off the deal also means that Reliance will have to wait for some more time to enter into insurance business
Reliance Industries Ltd (RIL), India's biggest company, said its discussion to buy majority stake in two Bharti Axa insurance ventures is terminated mutually due to difference over long term vision and joint management in the future.
In a release, RIL, said, "(Our) Negotiations on the contemplated acquisition by RIL and Reliance Industrial Infrastructure Ltd (RIIL) of Bharti's shareholding of 74% in Bharti AXA Life Insurance Co Ltd and Bharti AXA General Insurance Co. Ltd are being jointly terminated".
The Competition Commission of India (CCI) also cleared this deal in July. Earlier in June, both RIL and AXA said that they have reached an understanding on this deal. If completed, then RIL and RIIL would have hold 57% and 17% stake in both the insurance companies and would have become, AXA's joint venture partners in India. AXA, on the other hand would have retained its 26% stake and continued to manage day-to-day operations of the insurance companies.
Bharti had entered into joint ventures with the AXA group in 2006 and held 74% stake in both these ventures-Bharti AXA Life Insurance and Bharti AXA General Insurance.
During fiscal year 2011, Bharti AXA Life collected premiums of Rs7.9 billion and Bharti AXA GI collected gross direct premiums of Rs5.5 billion.
The song is certainly a hit – but it has its share of doubters too, who wonder if a confluence of hugely influential people can together spark a rage albeit with eminently catchy and hummable material
“Wankhade ground full-u full-u..to see ur ton-u..,ur century miss-u miss-u..country total sad-u..,why dis kolaveri kolaveri di” – this Kolkverised angst about little god Sachin Tendulkar having missed his 100th ton re-tweeted by superstar Amitabh Bachchan seems like the final seal on the astonishing craze over a song that goes “why this kolaveri-di”? Or is it?
Sony, the music company that claims brilliant marketing genius in anticipating the success of this Tanglish number (Tamil slang or more precisely Chennai youth lingo) claims that it had over 3 million hits on YouTube and over 8.2 million links shared on Facebook. Indeed, a bonafide hit.
However, social media, while accepting Kolaveri’s catchy beat also has its set of doubters, who wonder whether Kolaveri going viral has to do with some smart orchestration? When stunning success happens to close relatives of south India’s superstar or demi-god Rajnikanth, this is bound to happen. Dhanush, the singer who is an overnight sensation has sung Koleveri for the Tamil film “3” produced by Aishwarya Dhanush and it was composed by Anirudh Ravichander, who is Rajnikanth’s nephew. Enough of a power-group to tickle the sceptics?
The truth seems somewhere in between. Why this Kolaveri-di is a bonafide rage among those who like the beat and have any connection with south India (not necessarily Tamil Nadu alone) and it gets under the skin of others, it has also left a set of people who don’t understand the Tamil slang, twist and intonation rather cold.
'Kolaveri’ means ‘murderous rage’, the singer Dhanush told the media. The song itself is about heartbreak but is irreverent, with loads of attitude and colloquial Tamil humour." It has words like…
White-u Skin-u Girl-u Girl-u
Girl-u Heart-u Black-u
Eyes-u Eyes-u Meet-u Meet-u”
Some say that people liked it and hence it became a hit. “There are fake virals as well which stop after a time. Such enormous hits and continuous sharing cannot be fake. If people don’t like, that’s the end,” explains Vishank Bharda, a social media analyst. But don’t forget that with Amitabh Bachchan, Karan Johar and other celebrities rooting for it, the song would become a hit even if even un-interested netizens log on to YouTube to take a look at what the Kolaveri is all about.
Sony Music, the creator of the song, has all the reason to cheer. “We saw a huge potential in the song, and decided to create a video which was spontaneous yet fun.