New Delhi: The government has decided to crack the whip on fraudulent multi-level marketing companies that have duped hundreds of investors in the country by blocking their websites and tracking their online transactions.
Corporate Affairs Ministry, the nodal department in this regard, has decided that its investigative arm - Serious Fraud Investigation Office (SFIO) - will coordinate with Department of Information Technology and Central Economic Intelligence Bureau (CEIB) to identify suspect websites and transactions and take strict legal action.
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12:29 PM, Nov 08, 2012
