Good Morning & Good Day…………..
Hi everybody…….
Hello……….to fellow Readers,
Bloggers, Net-workers, and Social Enthusiasts, MLM Leaders, Friends, Investment
Cyclers and all others.
Here are some latest updates on
Banners Broker.
EDMAR HOUSE
293 - Flat 9/10,
Ella Old Goa 403402,
Goa,
India
Phone: 08421918485 or
09923803007
E-mail:
bannersbroker.india@gmail.com
Skype: bannersbrokerindia
The Present Scenario
The respective company has opened
its subsidiary unit in India at Goa. This office was supposed to give support, facilitate
& train the affiliates.
Few days back, i.e. on 2nd
of January, 2013, the local English News Paper “Team Herald”, reported
regarding the closure of Goa Office after Police took action against an FIR
filed against the company by an ex-employee, CEO and Director of Banners
Broker India, Mr Edney Heredia.
The Indian Authorities are
investigating the nature of business proposal that this company was promoting
as Ponzi Schemes, Pyramid Schemes or MLM/ Network Marketing Business System.
The Police & Economics
Offences Cell are investigating the violation of the Prize Chits and Money
Circulation Schemes (Banning) Act 1978 as well as illegal promises on part of
money invested.
The Goa police have seized computers
& documentation from the office and hence the premises are temporarily out
of bounds for Public and Associates/ Affiliates.
The Indian subsidiary unit has
been charged under IPC 406, 420 and also under section 4, 5, 6 of the PCMC
(banning) act 1978, i.e., is false commitment & illegal promises made to collect
fund as well as Prize Chits and Money Circulation Schemes (Banning) Act.
My Opinion
The whole issue has
cropped up because of certain differences & indifferences between the
Banners Broker International and the ex-employee, CEO and Director of Banners Broker
India, Mr Edney Heredia.
Firstly, the issue has
blown out of proportion and most of the affiliates have presented the system of
Banners Broker International as Multi Level Marketing Plan. This is due to
inefficient leaders and inadequate knowledge regarding the system &
company.
Secondly, for lust of
extra money some people may have hijacked the respective company’s systematic
presentation and interpreted as per their thinking.
My Conclusion
Banners Broker India and Banners Broker International have both
cooperated with the Indian Administration & have full faith on
Indian judicial
system and have full confidence that the above issues would be resolved
properly within a short span of time.
The legal process takes some time to settle to an amicable &
judicious conclusion.
Few major points in favor of Banners Broker India and Banners
Broker International are given below:-
ü
Banners Broker India Private limited is registered in India and
is a reseller of the products of the Mother Company. Hence, it is a genuine,
legal, legitimate, taxpaying, advertising & publishing company.
ü
The Marketing Plan of Banners Broker India Private limited is
such that you will earn only when you work. Hence, it is not MLM or Network
Marketing Plan.
ü
Banners Broker India Private limited collects fund from the sale
to the Indian affiliates in the country in its accounts in India, pays all
taxes as per the tax guidelines and pays to the people who have completed the
Advertising Job.
So the company as per my view does not come under the
PCMC (banning)
act of 1978.
The office is closed, but response from the Government
Authorities is in favor of Banners Broker India and Banners Broker
International and have some what understood that whole affair took under the
influence of false information presented by ex-employee, CEO and Director of Banners Broker India, Mr Edney
Heredia.
NOTE:
This opinion is very personal in thought, it should not be quoted, propagated,
understood or misunderstood as an ultimate doctrine regarding the above
mentioned company.
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