Beware of Destiny 2000 Limited!

by News Desk
October 26, 2011

http://www.weeklyblitz.net/1907/beware-of-destiny-2000-limited

Following publication of a number of reports and editorials, fraudulent Multi Level Marketing [MLM] company, Destiny 2000 has come under closest monitoring of the Bangladesh government. Home minister Advocate Sahara Khatun told the Bangladesh Parliament that the government will take actions against the misdeeds of the MLM Company Destiny 2000 Limited. Intelligence agencies in the country are already investigating various complaints of the cheated customers of this fraudulent MLM Company.

Shahara Khatun told parliament on 24^th October, 2011 in response to a public importance notice put forward by Bagmara MP Enamul Haque, "The way Destiny is operating, a mess can happen any day."

Enamul Haque, MP in the notice said Destiny is operating without any proper documents and a victim has already filed a case against the company.

"The company has already collected TK 200 million from 10,000 people in my constituency," he said.

The home minister said in recent times some institutions had been seen alluring people by giving them high profits in the short run and ultimately cheating them.

"A victim has already filed a case against Destiny and investigation is going on," she said.

She said the home ministry would provide all out assistance if any government agency wished to investigate the company. Advocate Shahara Khatun urged the people not to fall into trap.

Enamul in the notice said that Destiny 2000 was conducting 'heinous' acts taking advantage of the innocent commoners.

"The MLM with the help of skilled employees coaxes innocent people into doing business with them," he said.

Influential people and retired government officials are also working for them and they are getting financial benefit from Destiny, he alleged. Destiny-2000 Limited on its website claims it is one of the largest multi-level marketing companies in the world. About 3.6 million distributors have joined the company since its inception in December 2000 and its corporate office is located in Dhaka. The company has 26 sister concerns.

Weekly Blitz already published a number of reports on the illegal operation of Destiny 2000 Limited, which has been continuing to operate series of illegal activities as well as the fraudulent MLM Company has collected a few hundred million dollars from the innocent Bangladeshi people in the name of its so-called tree plantation project. It may be mentioned here that, Destiny 2000 Limited sold imaginary trees to people by alluring them with heavy profit traps, though the fraudulent MLM company has no such huge tree plantation project in Bangladesh.

Sensing the possible disaster, the promoters of Destiny 2000 Limited have already started shifting significant amount of funds abroad. The main kingpin of Destiny 2000 Limited, Mohammed Rafiqul Amin visited a number of countries during October 2011 with the goal of shifting funds to various profitable projects. Similarly other directors of this fraud institution are also making frequent foreign trips while they also are transferring huge amount of fund abroad. It is anticipated that, most of the top figures of Destiny 2000 Limited will be suddenly leaving Bangladesh anytime in next six months, as the promoters are well aware of the huge legal consequences, if the cheated locals will start lodging complaints with the police station and the courts against Destiny 2000 Limited and its affiliate concerns for its reckless corruption and huge frauds.

Seeking anonymity a senior official with Bangladeshi intelligence agency told Weekly Blitz that the government has already instructed the intelligence agencies to conduct a comprehensive investigation on the degree of fraud of the Destiny 2000 Limited and submit a report in three weeks. The source indicated that the Bangladesh government may impose legal actions against Destiny 2000 Limited.

Meanwhile, immigration desks at various immigration points in Bangladesh are instructed on October 25, 2011 to stop any of the promoters of Destiny 2000 Limited from leaving Bangladesh.

People have already started making complaints against Destiny 2000 Limited. Destiny 2000 Limited's name has already appeared in international website of combating scam. Some of the cheated customers of Destiny 2000 Limited are also complaining against this organization on various social networking sites, including Facebook.

Ministry of Commerce has asked the Registrar of Joint Stock Companies and Firms [RJSC] to cancel registration of 45 Multi-Level Marketing Companies [MLM], including Destiny-2000 Ltd, for using false addresses. Earlier Bangladesh government banned a false MLM Company named Unipay2u and at that time it was learnt by various intelligence agencies in Bangladesh that Destiny 2000 Limited was already having 4.5 million clients.

It is hinted by a number of investors who paid huge amount of money to Destiny 2000 Limited for buying trees under the false tree plantation project of this MLM fraudster. Leading Bangladeshi newspaper The Daily Star also published a comprehensive report on the fraudulent MLM Companies in the country. Similar reports were also published in other newspapers. Sensing the possible drastic legal actions by the Bangladesh government, Destiny 2000 Limited has already started lobbying with various offices of the government and spending hugely to salvage the promoters of this questioned MLM Company from being booked inside the bar for massive fraud and broad-day-light robbery of public fund.

People who already are cheated by MLM fraudsters have drawn the attention of Prime Minister Sheikh Hasina to this matter.

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Meanwhile English language newspaper The New Nation in its report titled "Ban on operation of 45 multi-level marketing cos" said, Bangladesh government has decided to cancel registration of 45 Multi Level Marketing Companies, including Destiny 2000 Limited for using "fake address" and "false information".

The 45 MLM companies using false addresses are: Vision [Pvt] Limited, International Ting Chang Products [BD] Ltd, Destiny-2000 Ltd, Ocean Marketing Company Limited, Sohabos International Ltd, Herbal Life International, For Life Consortium Ltd, Bravo IT International Ltd, Village World Network Company Ltd, Sketch Ltd, Royal Dream Ltd, Uttara Green City Ltd, Griho Nirman Ltd, SMN Global Ltd, Siege Aim Corporation Ltd, Musk Marketing Private Ltd , Gano E World Wide Ltd, Exhibition Dream Market Company Ltd, Bondhan Associates Pvt Ltd, Multivision 2010, Tone and Tune Network Ltd, Plus Gain Company Ltd, Eva Telecommunication Ltd, G- E- Com Ltd, Naf International Ltd, Faith Marketing System Ltd , Gadone Network Ltd, Glaciar [BD] Ltd, Ganoderema Stokist Bangladesh Company Ltd, Bhianchi Bangladesh Company Ltd, Loyal Vision Private Ltd , Shuk Sari Bangladesh Limited, Green Active Business System Ltd, Liberty [BD] Network Market Private Ltd, Royal Vision Pvt Ltd, Royal Dream International Ltd, For Ever Living Products Bangladesh Limited, One Million Private Ltd, Mega Polish Ltd, Gonet Ltd, Golden Fida Ltd, Natural HerbalLtd, and the Aim Solution Private Ltd.

Commerce secretary Golam Hossain told reporters that legal actions will also be taken against these MLM Companies for using false address and giving false information.

Protests against fraud of Destiny 2000 Limited:

Just within 3 days of lodging criminal cases against Destiny 2000 Limited at country's southern district of Rajshahi [Bagmara Police Station], cheated clients of Destiny 2000 Limited at Panchagarh district [northern part of Bangladesh] have demonstrated on October 25, 2011 demanding refund of their invested money and legal action against the fraudsters at Destiny 2000 Limited. The cheated clients of Destiny 2000 Limited are expected to submit memorandum with the deputy commissioner of Panchagarh district today.

The cheated clients of Destiny 2000 Limited said, the MLM Company is extracting money from the people with various alluring offers or high profit. It is alleged that Destiny 2000 Limited is continuing to collect millions of Taka from the rural population with numerous alluring profit offers, and in most cases, the agents of Destiny 2000 Limited even do not issue any money receipt for such financial transaction.

The latest case of fraud by Destiny 2000 Limited at Panchagarh district came into public attention through a news item published in vernacular daily Manabzamin on October 27, 2011 [Page 11].

Meanwhile in a frantic bid of saving skin, Muhammad Rafiqul Amin, managing director of Destiny 2000 Limited has published advertisements in most of the major dailies in Bangladesh drawing attention of the people, sensing ongoing actions by the government against Destiny 2000 Limited and other fraud MLM Companies. In the advertisement published in the local dailies, the managing director of Destiny 2000 Limited tried to hide most of the illegal activities of this company, which has so far collected a few thousand crore of Taka from the locals by selling the so-called trees at their so-called plantation project. It was already reported that, Destiny 2000 Limited through its 3.6 millions agents and members throughout Bangladesh has already collected US$ 5-6 billion from 18 million people by selling tress with high profit allure. It is learnt that, in reality the MLM Company does not have even 0.25% of the total number of trees they already sold to people with high profit promises. The MLM Company has promised to start giving profits to the people from 2012. It is anticipated that the promoters of the fraudulent MLM Company may flee Bangladesh anytime thus cheating millions of people. It may also be mentioned here that, some of the top figures in Destiny 2000 Limited have already started shifting funds to numerous businesses and properties abroad. In past six months, the frequency of foreign tours of the members of the board of directors of Destiny 2000 Limited has significantly increased. It is learnt that during such foreign trips, the owners of this MLM Company are not only shifting funds but also are trying to locate a safe country for them as well their family members of settle in near future, when the fraudulent activities of this company will get busted.

Anticipating such consequences as well as for the sake of protecting interests of the millions of people, Ministry of Home Affairs is actively considering sending information at various immigration points in Bangladesh to stop the members of the board of MLM Companies, in order to check them from fleeing the country.

Prime Minister Sheikh Hasina has instructed the Ministry of Home Affairs, Ministry of Commerce and other ministries and offices concerned to stay vigilant about activities of the MLM Companies and to make sure that these MLM Companies do not go into hiding thus cheating millions of people. It was already brought into attention of the PMO as well as the Ministry of Home Affairs that the main promoter and managing director of Destiny 2000 Limited, Mohammad Rafiqul Amin holds Canadian citizenship and he already has sent members of his family to Canada. It is also learnt from numerous sources that, other members of the board of directors of Destiny 2000 Limited are already taking immigration in the West.

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