Beware of this blade company!
City police commissioner S M Bidri has warned the general public not to invest in a "blade company" which is advertising in newspapers offering huge returns for their investments.
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According to Bidri, InfoScience Consulting Service India Limited, with a branch at Banashankari III Stage, has advertised in certain newspapers including The Economic Times and on the Internet that anyone investing Rs 50,000 in the company will earn Rs 3,000 profits for 36 months.
It has advertised its number as 26724344 and claims having branches at Rajajinagar and Mumbai.
The company has stated that Rs 50,000 invested will be used to purchase two computers, which will be given on lease to interested persons and on the basis of the lease income earned, they will pay Rs 3,000 per month.u00a0
For women and senior citizens the return is higher: Rs 3500.u00a0u00a0
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Beware!
Enquiries revealed that the company is not registered with the Reserve Bank of India as a Non-Banking Finance Company.u00a0 The company has advertised this scheme as a profit sharing scheme.u00a0
The commissioner said that In view of the bitter experience and huge losses caused to the public by companies like Vini Vinc, Darshanika, Frontier Retailer Limited, etc., they shouldn't invest in this company.u00a0
Since the company has promised huge returns, there are reasonable grounds to believe that this company will also go in the same way of those firms mentioned above, said Bidri.u00a0u00a0
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