[Resolved]  FOREX TRADING — REQUIRED NATIONWIDE BAN ON UNAUTHORIZED FOREX TRADING MONEY CIRCULATION ACTIVITIES

FOR THE PAST TWO DAYS, THERE ARE ABOUT 5-8 COMPANIES/BRANCHES CHEATED THE PUBLIC BY THE WAY OF FOREX TRADING. (ie., fazee), (ex., If you invest Rs. 1 lac, this Company will repay you Rs. 30,000/- pm and after some years they will refund your principle amount of Rs. 1 lac). The Unique Selling Point of this plan is as they are giving post dated signed cheque leaves to the investors in bulk. Some MLM Companies are also doing the above business.

1) RBI need to be intervene this subject as earlier as possible before further cheatings, as already the above business is under scanner.
2) With out following KYC / just for the sake of getting high volume business, banker's are issuing thousands of cheque books to this kind of Companies. RBI / Ministry of Finance should enquire on this.