Monday, April 12, 2021  | 28 Shaaban, 1442
Samaa TV
Facebook Twitter Youtube
HOME > Money

SECP publishes list of fraudulent companies seeking investment

Says they aren't authorised to seek investments

SAMAA | - Posted: Dec 31, 2020 | Last Updated: 3 months ago
SAMAA |
Posted: Dec 31, 2020 | Last Updated: 3 months ago
SECP publishes list of fraudulent companies seeking investment

Photo: SECP

Listen to the story
The Securities and Exchange Commission of Pakistan (SECP) has published a list of companies who are fraudulently calling for investment. These companies are claiming to be registered with the SECP and FBR but are not. They are offering unauthorized business activities of leasing/financing, MLM, pyramid/Ponzi schemes, various fake posts and are also seeking deposits from the general public in the name of jobs, investment and trading. The Commission has cautioned people from investing in these companies. It has initiated legal proceedings against several companies: BH Online Jobs Services (SMC-Pvt) LimitedIDG Enterprises (Pvt) Limited (Islamic Dubai Group)Pakistani Edification Services (SMC-Pvt) Limited3A Alliance (Pvt) LimitedGalaxy Typing Jobs (SMC-Pvt) LimitedBlack Diamond Goat Farm (Pvt) LimitedMemon Corporation (Pvt) LimitedBest Day Innovative Solutions(Pvt) LimitedCorporate Automobiles (Pvt) LimitedPak Memon Impex (Pvt) LimitedMontviro (Pvt) LimitedM/S Neamat Ullaha & Amjad Javed and Company (Pvt) LimitedAyat Enterprises (SMC-Pvt) LimitedFS Links (SMC-Pvt) LimitedBrand Testing Servicing Pakistan (Pvt) LimitedInduction and Assessment Initiative (Pvt) LimitedFragrance Land (SMC-Pvt) LimitedHumanitas Meritus (SMC-Pvt) LimitedDirect Testing Services (Pvt) LimitedGold Transmit Network Technology (Pvt) LimitedGreen Apple Super Market (Pvt) LimitedTianshi International Pakistan Co (Pvt) LimitedDXN International Pakistan (Pvt) Limited The SECP also listed companies it frequently receives complaints and queries against for their unauthorized activities. Global Testing Services (Pvt) LimitedOnline Mass Solutions (Pvt) LimitedGo Big Trade (Pvt) LimitedMemon Merchandise LimtiedBtech Online Work (SMC-Pvt) LimitedA&F Online Jobs Services (Pvt) LimitedGet by Adds (Pvt) LimitedViewadvertise Marketing (SMC-Pvt) LimitedSpeed Bikes (Pvt) LimitedGlobal Ads & Marketing (Pvt) LimitedGlobal Sky Trade (Pvt) LimitedView Ads (Pvt) LimitedHR Butt & Sons (Pvt) LimitedFirst Vehicle (Pvt) LimitedHope Alliance Trading (SMC-Pvt) LimitedLasani Oil Traders (Pvt) LimitedNew Lassani Chicks and Chicken (Pvt) LimitedParadise Alliance (Pvt) LimitedMemon International Management (Pvt) LimitedMGI Impex (Pvt) LimitedMNM Motorcycle (Pvt) LimitedSambrosons Enterprises (SMC-Pvt) LimitedMM Qureshi International (Pvt) LimitedParadise Merchant (Pvt) LimitedAlliance in Motion Global (Pvt) LimitedBritish Lyceum (Pvt) LimitedB4u Group It said that being registered with the SECP does not authorize it to seek deposits from the general public.
FaceBook WhatsApp

The Securities and Exchange Commission of Pakistan (SECP) has published a list of companies who are fraudulently calling for investment.

These companies are claiming to be registered with the SECP and FBR but are not. They are offering unauthorized business activities of leasing/financing, MLM, pyramid/Ponzi schemes, various fake posts and are also seeking deposits from the general public in the name of jobs, investment and trading.

The Commission has cautioned people from investing in these companies. It has initiated legal proceedings against several companies:

  • BH Online Jobs Services (SMC-Pvt) Limited
  • IDG Enterprises (Pvt) Limited (Islamic Dubai Group)
  • Pakistani Edification Services (SMC-Pvt) Limited
  • 3A Alliance (Pvt) Limited
  • Galaxy Typing Jobs (SMC-Pvt) Limited
  • Black Diamond Goat Farm (Pvt) Limited
  • Memon Corporation (Pvt) Limited
  • Best Day Innovative Solutions(Pvt) Limited
  • Corporate Automobiles (Pvt) Limited
  • Pak Memon Impex (Pvt) Limited
  • Montviro (Pvt) Limited
  • M/S Neamat Ullaha & Amjad Javed and Company (Pvt) Limited
  • Ayat Enterprises (SMC-Pvt) Limited
  • FS Links (SMC-Pvt) Limited
  • Brand Testing Servicing Pakistan (Pvt) Limited
  • Induction and Assessment Initiative (Pvt) Limited
  • Fragrance Land (SMC-Pvt) Limited
  • Humanitas Meritus (SMC-Pvt) Limited
  • Direct Testing Services (Pvt) Limited
  • Gold Transmit Network Technology (Pvt) Limited
  • Green Apple Super Market (Pvt) Limited
  • Tianshi International Pakistan Co (Pvt) Limited
  • DXN International Pakistan (Pvt) Limited

The SECP also listed companies it frequently receives complaints and queries against for their unauthorized activities.

  • Global Testing Services (Pvt) Limited
  • Online Mass Solutions (Pvt) Limited
  • Go Big Trade (Pvt) Limited
  • Memon Merchandise Limtied
  • Btech Online Work (SMC-Pvt) Limited
  • A&F Online Jobs Services (Pvt) Limited
  • Get by Adds (Pvt) Limited
  • Viewadvertise Marketing (SMC-Pvt) Limited
  • Speed Bikes (Pvt) Limited
  • Global Ads & Marketing (Pvt) Limited
  • Global Sky Trade (Pvt) Limited
  • View Ads (Pvt) Limited
  • HR Butt & Sons (Pvt) Limited
  • First Vehicle (Pvt) Limited
  • Hope Alliance Trading (SMC-Pvt) Limited
  • Lasani Oil Traders (Pvt) Limited
  • New Lassani Chicks and Chicken (Pvt) Limited
  • Paradise Alliance (Pvt) Limited
  • Memon International Management (Pvt) Limited
  • MGI Impex (Pvt) Limited
  • MNM Motorcycle (Pvt) Limited
  • Sambrosons Enterprises (SMC-Pvt) Limited
  • MM Qureshi International (Pvt) Limited
  • Paradise Merchant (Pvt) Limited
  • Alliance in Motion Global (Pvt) Limited
  • British Lyceum (Pvt) Limited
  • B4u Group

It said that being registered with the SECP does not authorize it to seek deposits from the general public.

 
HOME  
 
 
RELATED STORIES

4 Comments

  1. Amir  January 9, 2021 5:55 pm/ Reply

    why SECP didn’t take action against these companies? If SECP didn’t take action it means any one cane make fraud business in Pakistan. How they are saying so disgusting and still no one in the jail and also there is no news TV, News papers.

  2. Kashif  February 1, 2021 10:55 pm/ Reply

    SECP should take action. Otherwise they will loot pakistan and run away

  3. Zahid Nazir  February 28, 2021 11:15 pm/ Reply

    Why secp not take action against B4U group…even this company still running in pakistan with a huge ammount of investment by inocent people…

  4. Anonymous  March 18, 2021 7:17 pm/ Reply

    dear sir kindly check 2021 press print secp b4u is not is list

Tell us what you think:

Your email address will not be published.

FaceBook WhatsApp
 
 
 
 

MOST READ
MOST READ
Supreme Court orders demolition of Nasla Tower in Karachi
Lahore police arrest TLP chief Saad Hussain Rizvi
PML-N’s Nosheen Iftikhar wins Daska by-election
Three killed, seven injured in Karachi cylinder blast
Punjab mulls complete lockdown in Lahore
Protest causes massive traffic jam in Karachi
Will support Tareen, not answerable to PTI: Punjab MPA
 
 
 
 
 
About Us   |   Anchor Profiles   |   Online Advertising   |   Contact Us   |   Feedback   |   Apps   |   FAQs   |   Authors   |   Comment Policy
Facebook   |   Twitter   |   Instagram   |   YouTube   |   WhatsApp