Release Anubhav Mittal, Social Trade model was simple online social information exchange.

The Issue

Social Trade was formed by Mr. Anubhav Mittal who is just trying to promote digital marketing in India and for this he started creating a user base with the same concept as Facebook, Google, Uber etc. are working with (i.e. through referral model).

Initially people are called to give an online campaign to promote his/her page by purchasing a service from the Social Trade. Such campaign was promoted among the people by them only, who have already provided their campaign to Social Trade. To provide incentive to the customers for their work done on behalf of Social Trade, Social Trade pays Rs.5 per promoted page to the customer.

As per said model, the promotion has been done among the real people, whose KYC is already with the company. As per the new regulation of the government the company started to convert the opportunity through purchase of product and for that INTMAART was formed by the Ablage Group. All this was planned before November 2016, even then the allegation is that, the company was shifting the business without informing the so called investors (whereas those are the customers and targeted audience of the company).

Media and police projected the model as Ponzy Scheme. If courts are there for approving whether a crime was done or not, then without any court order how they can give the assurance of fraud.

I just want a rapid action from the judiciary, as lots of people are suffering. Support the truth and provide fair and rapid action.

Thanks and Regards 

Deepak

avatar of the starter
Deepak KumarPetition Starter
This petition had 19 supporters

The Issue

Social Trade was formed by Mr. Anubhav Mittal who is just trying to promote digital marketing in India and for this he started creating a user base with the same concept as Facebook, Google, Uber etc. are working with (i.e. through referral model).

Initially people are called to give an online campaign to promote his/her page by purchasing a service from the Social Trade. Such campaign was promoted among the people by them only, who have already provided their campaign to Social Trade. To provide incentive to the customers for their work done on behalf of Social Trade, Social Trade pays Rs.5 per promoted page to the customer.

As per said model, the promotion has been done among the real people, whose KYC is already with the company. As per the new regulation of the government the company started to convert the opportunity through purchase of product and for that INTMAART was formed by the Ablage Group. All this was planned before November 2016, even then the allegation is that, the company was shifting the business without informing the so called investors (whereas those are the customers and targeted audience of the company).

Media and police projected the model as Ponzy Scheme. If courts are there for approving whether a crime was done or not, then without any court order how they can give the assurance of fraud.

I just want a rapid action from the judiciary, as lots of people are suffering. Support the truth and provide fair and rapid action.

Thanks and Regards 

Deepak

avatar of the starter
Deepak KumarPetition Starter

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Petition created on 9 February 2017