Saturday, September 10, 2011: Harish Babu Maddineni, Managing
Director of Nano Excel group and prime accused in the Nano excel money
chain fraud case was today remanded to custody till September 29th.
The accused was presented before the Thrissur chief Judicial
Magistrate Court on Saturday. Maddineni, who was brought by flight to
Kochi from Hyderabad, was later taken to Thrissur where he will be
produced before the Chief Judicial Magistrate court.
Harish, who was allegedly carrying out the MLM scheme under the guise
of selling nano technology products, was involved in organising an
international money circulation scheme worth over Rs 347 crore,
Hyderabad police had stated soon after he was arrested on August 30.
Several criminal cases have been registered against him in various
states and he is wanted in 236 cases in Kerala alone that are under
investigation. Nano Excel Corp deals in nano health and wellness
products in the Asia Pacific region. The company sells about 11 nano
technology products imported from different Asian countries.
Those who enrolled with the company were lured with offers of good
commission. They had enrolled over two lakh distributors/members and
collected subscriptions worth over Rs 300 crore in United Arab Emirates,
Philippines and different states in India. Money chain fraud cases
worth Rs 1,000 crore have been unearthed in Kerala.
2 comments:
Please arrange Return Money 80000/- For Nano Excel Power Corporation Ltd.IPO BSE Share Listed No Document.
I respectfully ask this blog owner and comment person to immediately delete my picture along with false allegations . Now that chargesheets are filed before hinbke courts the judges are aware of truth and fake contents and campaign with my pictures are ti be deleted . Faikking which a criminal case will be filed before crime brach and cyber police asking with criminal defenation . Hope you will not go to that extent . Dr Harish Babu maddineni , criminal advocate , high court
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