Hyderabad : Cyberabad police arrested Bansi Lal, MD of Multi Level Marketing ( MLM ) firm Future Maker Life Care , from Haryana. The cops brought Bansi, who has been absconding for more than a year, back to Hyderabad and produced him before the court on Friday. The police also arrested two key suspects — Radheshyam and Surender Singh, belonging to Haryana — and seized Rs 200 crore from them.
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The Future Maker Life Care duped over 20 lakh investors across the country under the pretext of quick returns on investments and looted more than Rs 1,200 crore. Initially, it started operations in Haryana and extended to Hyderabad during June 2018. The promoters of Future Maker Life Care trapped more than 20,000 customers in both the Telugu states and collected massive amounts from them.