Fraud franchisors
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Sneha Santra Sep 10 2018 - 2 min readEntering into a proven business model with all the required tools sounds alluring. There is a wide variety of franchising opportunities and these provide a stable base for successful business ventures. But with rise in franchising system, there has been a significant rise in franchise frauds. Recently, a woman in Ahmadabad was lured with fake Patanjali ...
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Franchise India Bureau Feb 19 2018 - 1 min readRotomac Pens owner Vikram Kothari is allegedly has gone untraceable after taking loans worth Rs. 837 crore. Kothari took loan of Rs. 352 crore from Kanpur branch of Allahabad Bank and Rs. 485 crore from three other banks: Bank of Baroda, Indian Overseas Bank, and Union Bank of India. Rajesh Gupta, ...
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Ramanjit Kaur Sep 29 2017 - 3 min readThe burgeoning franchise businesses have given ways to frauds to mint money by promoting their fake franchise companies. Fraud franchisors are trying to capitalise on the booming franchise industry by creating their mock brands and pushing through the novice franchisees through their glib talks and tall promises. These people lure the aspiring entrepreneurs to invest ...