PREVENTIVE ACTION NEEDED

The crime branch of Mumbai police should be congratulated for nabbing M Y Kadam and D Tulaskar who are accused of duping more than 2000 investors of Rs 6 crore plus. ( Duo dupes 2000 investors DNA 21-10-09). Public also should be careful in making investment in ventures that offers very high returns. There are no legally sustainable business models where one can double his investment in just 30 days. If there is one, the promoters will not offer that business model to others. They themselves will invest all the money they can and expand/improve their wealth. Public should check the credentials of such promoters before investing. The crime branch should keep an eye the fraudsters who regularly advertise in leading news papers of such schemes. Prevention is better than the cure. They may take assistance from retired Police/CBI/Bank officials/others to strengthen their net work.