Corporate-Frauds-Watch-Shyam-Sundar.. Who is He??

Probably, some of you might be wondering of a person called Shyam Sundar and his activities pertaining to some companies like Amway, NMart, Herbalife, Abhaya Gold and Akshaya Gold recently..

Initially, I too was following closely on what he was stating until I came across this article on the internet: interesting online article on corporate frauds watch and shyam sundar. 
This article also states that he is a journalist-cum-attorney from vijaywada - a small Agri based and Small Scale Industry based town in the state of Andhra Pradesh. It also has industries around Paper, Trading, Automobile Parts, Agri Produce such as Mangoes and Chillies, a very big Education destination, Gold Coverings (guilt gold or fake gold) and a jewellery hug. Having a port close by. Vijaywada is one of the biggest railway junctions in South India.

Unwrap of Corporate Fraud Watch

Corporate Fraud Watch India has been unwrapping MLM business in India since a long

time, Shyam Sundar and his alias being unwrapped

Manhattan, Sep 09, 2012 -- Corporate Fraud Watch in India is being said to be run by

an Indian man Mr.Shyam Sundar Mathan located in the Vijaywada  of Andhra

Pradesh. He has been unwrapping the truths of things lying under the beds of

Network marketing, In my resent days i'v been following this man's post and came to

know the fact behind it, Shyam Sundar almost a 59yrs old man who is a Journalist

cum an Attorney from his state. His main fight and battle is against the operations of

MLM companies. He said in his few statements that he has forced many companies

including Amway, RPM companies to flee out of the state of Andhra just on a fight

by putting Money Circulation Act, which is banned in India under the 1978 act.

Shyam Sundar recently got at the back of one more company which claimed to be the

fastest growing Retail chain of India and having their presence at almost 150 stores

located all over India, with having more than 1.5 million loyal members under the

networking scheme, which provides each of their customers at least Rs.220 (about $

3.5 of free purchase) every month for 48 months of their joining plus the company

gives Rs.1,500 ($ 27) credit purchase to all their registered clients, which they can

pay in the next months before every 10th day of the Month till next 48 months,

registration fees of this networking is stated to be only Rs.5,500 ($ 100). Comparable

amount which coming as a freebees in India is very high if the growth of an Indian

economy is compared, in addition the company gives a Suit length clothing to all

their members who register with them which covers almost 60% of their paid value

on day one. If a member purchase of more than Rs.72,000 ($ 1,300) in total 48

months, company claims they will credit the members account with additional

Rs.11,000 ($ 200) worth of credit purchase to their account.

Shyam Sundar a person fro Corporate Fraud Watch filed a complaint against the

company named Nmart based in the west part of India in the city called Surat, Shyam

Sundar and his alias locked their hands with the Local police in their district and

logged a complain against the company, just within a couple of days, the CMD and

his wife were being picked by the police of Andhra without giving or getting any

permission of the local police or court of the companies network place in Surat, in

judgment the other court in Mumbai gave a Bail to the CMD of the company stating

that the arrest was not properly done through the legal process and can be called as

Kidnapping of a person from his/her won premise.

Shyam Sundar at present have put a question mark on companies totaling 3,000+

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employees who work at their 150 stores all around India, their salaries are at risk as

Shyam and his alias have put the companies bank account to freeze putting the 1978

act of banning of money circulating scheme.

When contacted to Amway spoke person, their female executive gave a comment

stating not to disclose her name, she said Shyam and his alias are strong net workers

to turn either peoples mind by not to buy or not to get in connections of multinational

and networking company as well as if any companies network goes strong in to their

area, they will just log a complaint in their designated area called Kandkuru whose

Superintendent of Police has a good terms with this association, and once the

complaint is logged the Police works starts in less then hours, they will start arresting

the companies main holders, directors and not only that they starts arresting their

employees too, in recent they arrested a store manager from the grocery store as these

people were not able to find any official from the company. The fact also being found

that after the arrest of these people, Shyam his alias and the police start torturing the

suspect in the police station to log a new complaint by an Employee or the manager

against the company so that their cases starts getting strong.

A person near to Shyam, stated that this is what he is doing since many years as he

previously use to be a clerk at a reputed law firm of the town, he learn some laws

staying at that firm and started his own organizations to ban them in the state or by

giving them a threat of shutting down their shutters, but at the end he looks for his

own benefit of getting some bundles which he can share with his people and some of

his police members. The same fact we found from an Amway spoke person that

before making a complaint this man filed a small FIR to a police station somewhere

in Andhra, and later the police started investigating the case and Shyam and his alias

asked for negotiation with the company on basis of company pays them certain

amount and they will take back the issue out of the court. As most companies comes

from the other part of the world they have their own restrictions and such

negotiations cannot be done as per the law.

Finally what the fact behind is Shyam and his Alis with their police friends are

simply trying to make money out of the rich bank accounts of the company in the

name of supporting the poor, but the fact remains that "they are taking the money

which belongs to the poor' not only by taking negotiation money from the companies

but also by putting many employees jobs at risk.

Nancy Roberts,

New York