DT: A number of Indian expats have allegedly lost their hard-earned money to a bogus company. The Bizarre group of companies, according to sources, is a fake company that promised investors a fortune in return of a BD120 investment.
The business group offered its members, who they called ‘share holders’, colourful returns like regular incomes that would be remitted through bank accounts; royalty incomes for new investors they would help enrol and repurchase incomes by way of shopping.
Investors were also offered yearly dividends, monthly incentives, share growth and bonuses.
Many people in Bahrain
said they had joined the money chain company’s schemes and were left shocked at the revelation.
“I am happy I did not venture into getting more people, or else I would have been held a culprit,” said an investor who requested anonymity.
He added the pyramid-scheme company provided him complete training in the Indian state of Kerala on various organisational policies.
“I was given full-fledged training. The company provided all paperwork — it hardly aroused any suspicion,” said the investor. “They even have their tax paid receipt copy on their website.”
“I invested only a small amount and was supposed to pay the rest from the commission I was promised in case I roped in more people,” said another duped person.
“I was promised shopping vouchers for the Bizarre Supermarket chain in India as a reward for my investment, which I am yet to receive.”
Referring to it as a good opportunity to earn while establishing one’s own business, the fake group extended its spread through a website, which is no more accessible.
Their contact numbers and email addresses are also not valid anymore.