KBC Multi Trade, another MLM, goes bust; three agents dead  

July 17, 2014

Within four years, Nashik-based KBC Multi Trade was able to collect crores of rupees. Its promoters and directors are absconding and three agents are already dead. The question is, why nobody, including SEBI took action in time?

Moneylife Digital Team

Even as several network marketing companies or multi-level marketing (MLM) companies are trying very hard to lobby with the union government, to legalise their \'direct selling\' module, here comes a story of the tragic end of an agent of one such company.

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