------------------------------------------------------ Welcome to the FRIDAY BALCAO Read the Balcao Synopsis on the website http://www.goadesc.org/balcao/ ------------------------------------------------------
Dear Cybergaokars on SaligaoNet, Friday Balcao the fortnightly discussion event to be held on 27th May will focus on the Impact of Multi Level Marketing and NBFC's scams on investors in Goa. In the recent past there have been a spate of scams being reported in connection with Multi Level Marketing and NBFC's in Goa. These scams have impacted investors in Goa to the tune of 100 crores and a lot more money lost is yet to be reported. The initial scams targeted a few investors who lost large sums but now the trend is that a large number of small investors in the villages especially women have become victims of these frauds. The recent cases of Salient Online Solutions Pvt. Ltd., Venus Life Marketing Ltd., Swarajya Multilink Marketing, Sungift Marketing, Siffynet Solutions Pvt. Ltd., Rockland Leasing are some examples of the problem facing investors in Goa. What information must investors look for before investing in NBFC's and Multi Level Marketing schemes ? What role must the Economic Offences Cell of the Goa Police play to effectively prevent such scams ? Are the Reserve Bank of India (RBI) guidelines on NBFC's widely circulated in Goa ? Is it necessary for the Goa Govt. to come forward with additional legislation to prevent such scams ? The Balcao discussion will cover these questions and also evolve an agenda for action by citizens on the issue. Friday Balcao will be from 4pm to 6pm at the Goa Desc Resource Centre No.11 Liberty Apartments Feira Alta, Mapusa and is open to members of the public. Those citizens who would like to receive the regular invitation to Friday Balcao and a one page synopsis of the fortnightly session can subscribe for the same by sending Rs.100/- to cover printing and mailing costs. Interested citizens wanting more information on Friday Balcao can phone on 2252660 or by email to [EMAIL PROTECTED] best wishes, Lillian D'Costa ======================================= GOA DESC RESOURCE CENTRE Documentation + Education + Solidarity 11 Liberty Apts., Feira Alta, Mapusa, Goa 403 507 Tel: 2252660 mailto:[EMAIL PROTECTED] website: www.goadesc.org ---------------------------------------------------------------------- Working On Issues Of Development & Democracy ======================================= =-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=--W-E-B--S-I-T-E--=-=-=-=-=-= To Subscribe/Unsubscribe from Saligaonet | http://www.goacom.com/saligao_tinto/ ============================================================================ * Send e=mail to [EMAIL PROTECTED] (NOT saligaonet@goacom.com) * Leave SUBJECT blank <--- Commom Mistake !! * On first line of the BODY of your message, type: subscribe saligaonet YOUR.EMAIL OR unsubscribe saligaonet YOUR.EMAIL Questions/Problems? Contact: [EMAIL PROTECTED]