Noble method of cheating people
Saturday, 23 April 2011
Humayun Rashid
Now-a-days we see a boom in posters advertising exciting jobs for students. These "posters", mostly in black and white, appear to be glued to bus windows, on lamp posts and places mostly visited by the public. With much surprise, most of the "reputed" companies in the advertisements offer handsome remuneration for desk jobs without mentioning the name of the company. However, a number of contact numbers, mostly cell phones appear at the bottom of such leaflets. These advertisements are in fact frauds luring helpless unemployed or underemployed people and students to feed into their MLM (Multi Level Marketing) scheme. Most of these advertisements are designed to attract young students who are looking for a flexible part-time job. When such applicants approach, the contact invites them to their office and offer salary jobs to the university students, commission jobs to college or SSC pass students. But there is a catch; they set a condition to fill an insurance policy in the applicant's name, including paying the first premium, as per job requirement. If the applicant fulfills the requirement, the insurance company conducts a three-day training session in their office. They say that a joining letter and other documents will be given after the training has been completed. After the training session, when the time comes for joining, officers who recruited and processed the staffing are gone, other employees of the company say they don't know anything about this and deny any responsibility. When the victims go to the zonal manager of the branch, he turns down the claims saying that it is not his duty to look over everything. The applicants now have to unwillingly continue with the insurance policy that they made for the job. This has become a common case now. Employees of such insurance companies are using this method for making insurance policies of people with a view to grabbing their own commission. But these insurance companies do recruit full time employees or hire agents to make the fake recruitment. The circle goes on as they keep bluffing new applicants for making an insurance policy and soon after the policy has been made, the agents disappear and change location. Even though all the fraud is done underneath the same roof, the senior officers deny knowing anything about it. Many reputed life insurance companies have been found associated with this kind of fake "recruitments". The saddest part of the story is that such fraud receives a blind eye from the government and the law enforcement agencies. If such practices continue, the newly acknowledged insurance sector may lose the confidence of the people. As a consequence, the credibility of the country's insurance sector in general will be jeopardized. Humayun Rashid of the East West University can be reached at E-mail: humayun_gmkt@yahoo.com
Now-a-days we see a boom in posters advertising exciting jobs for students. These "posters", mostly in black and white, appear to be glued to bus windows, on lamp posts and places mostly visited by the public. With much surprise, most of the "reputed" companies in the advertisements offer handsome remuneration for desk jobs without mentioning the name of the company. However, a number of contact numbers, mostly cell phones appear at the bottom of such leaflets. These advertisements are in fact frauds luring helpless unemployed or underemployed people and students to feed into their MLM (Multi Level Marketing) scheme. Most of these advertisements are designed to attract young students who are looking for a flexible part-time job. When such applicants approach, the contact invites them to their office and offer salary jobs to the university students, commission jobs to college or SSC pass students. But there is a catch; they set a condition to fill an insurance policy in the applicant's name, including paying the first premium, as per job requirement. If the applicant fulfills the requirement, the insurance company conducts a three-day training session in their office. They say that a joining letter and other documents will be given after the training has been completed. After the training session, when the time comes for joining, officers who recruited and processed the staffing are gone, other employees of the company say they don't know anything about this and deny any responsibility. When the victims go to the zonal manager of the branch, he turns down the claims saying that it is not his duty to look over everything. The applicants now have to unwillingly continue with the insurance policy that they made for the job. This has become a common case now. Employees of such insurance companies are using this method for making insurance policies of people with a view to grabbing their own commission. But these insurance companies do recruit full time employees or hire agents to make the fake recruitment. The circle goes on as they keep bluffing new applicants for making an insurance policy and soon after the policy has been made, the agents disappear and change location. Even though all the fraud is done underneath the same roof, the senior officers deny knowing anything about it. Many reputed life insurance companies have been found associated with this kind of fake "recruitments". The saddest part of the story is that such fraud receives a blind eye from the government and the law enforcement agencies. If such practices continue, the newly acknowledged insurance sector may lose the confidence of the people. As a consequence, the credibility of the country's insurance sector in general will be jeopardized. Humayun Rashid of the East West University can be reached at E-mail: humayun_gmkt@yahoo.com