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SECP warns public against fake investment entities

By Staff Report

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has issued a public warning to refrain from investing in any fraudulent investment schemes that promise hefty profits and unrealistic incentives.

Officials said that few registered companies and unregistered entities portraying to be registered with SECP and FBR, or otherwise, are offering unauthorised business activities of leasing facilities, MLM, pyramid schemes, and seeking deposits from the general public in the name of jobs, investment and trading.

The SECP has further clarified that the registration of a company does not authorise it to solicit deposits from the general public or offer investment schemes.

Officials said that SECP has initiated legal proceedings against various companies under the relevant provision of the Companies Act 2017. The companies included BH Online Jobs Services (SMC-Pvt.) Limited Karachi, IDG Enterprises (Pvt.) Limited (Islamic Dubai Group) Islamabad, Pakistan Edification Services (SMC-Pvt.) Limited Islamabad, 3A Alliance (Pvt.) Limited Karachi, Galaxy Typing Jobs (SMC-Pvt.) Limited Islamabad, Black Diamond Goat Farm (Pvt.) Limited Multan, Memon Corporation (Pvt.) Limited Karachi, Best Day Innovative Solutions (Pvt.) Limited Faisalabad, Corporate Automobiles (Private) Limited Peshawar, Pak Memon Impex (Private) Limited Islamabad, Montviro (Private) Limited Islamabad, M/s Neamat Ullaha & Amjad Javed and Company (Private) Limited, Multan, Ayat Enterprises (SMC-Private) Limited Islamabad, FS Links (SMC-Pvt.) Limited Multan, Brand testing Servicing Pakistan (Private) Limited Multan, Induction and Assessment Initiative (Private) Limited Islamabad, Fragrance Land (SMC-Pvt.) Limited Islamabad, Humanitas Meritus (SMC-Private) Limited Karachi, Direct Testing Services (Private) Limited Islamabad, Gold Transmit Network Technology (Private) Limited Karachi, Green Apple SuperMarket (Private) Limited Karachi, Tianshi International Pakistan Co. (Pvt.) Limited Islamabad and DXN International Pakistan (Private) Limited Karachi. 

Apart from these companies, SECP also frequently receives complaints and queries against various companies regarding unauthorised activities.

These companies include Global Testing Services (Private) Limited Islamabad, Online Mass Solutions (Private) Limited Lahore, Go Big Trade (Private) Limited Karachi, Memon Merchandise Limited Karachi, Btech Online Work (SMC-Private) Limited Karachi and A & F Online Jobs Services (Private) Limited Karachi, Get by Adds (Private) Limited Quetta, View Advice Marketing (SMC-Private) Limited Sukkur, Speed Bikes (Private) Limited Multan, Global Ads & Marketing (Pvt.) Limited Karachi,  Global Sky Trade (Pvt.) LimitedPeshawar, View Ads (Pvt.) Limited Islamabad, HR Butt & Sons (Private) Limited  Karachi, First Vehicle (Pvt.) Limited Karachi, Hope Alliance Trading (SNIC.Pvt.) Limited Karachi, Lasani Oil Traders (F,7) Limited Lahore, New Lassani Chicks and Chicken (Pvt.) Limited Islamabad, Paradise Alliance (Pvt.) Limited Karachi, Memon international Management (Pvt.) Limited Karachi, MGI Inures (Pvt.) Limited Lahore, M. N. M. Motorcycle (Pvt.) Limited Faisalabad, Sambrosons Enterprises (SMC-Private) Limited Peshawar, MM Qureshi International (Pvt.) Limited Peshawar, Paradise Merchant Karachi, Alliance in Motion Global (Pvt.) Limited Lahore, British Lyceum (Private) Limited Lahore and B4u group Lahore as well as Karachi.  

The general public is hereby advised to not be misled by any schemes, investment plans and programmes offered by these entities. 

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76 COMMENTS

  1. Sir,
    My friend investment in Lasani oil Trader & Lasani Chick & Chicken about 7 Lakh pleaee provide information regarding this issue.
    Thanking You

  4. My colleagues are investing Huge Amount in Lasani Oil trading Company situated in top floor of Saddique Trade Centre Lahore and they are trying to promote theses kind of investments are beneficial for all to take profit without any effort.

  13. Sir mai lasani oil traders k sath start karna chahta hun, olz mujay suggest karen k agay ja k fraud tou nahi ho jaye ga

  14. Butt and Sons Fraud with me, now they have locked their offices and run away. Non of their employees phone number is ON everything is switched off even their website is also not working. can anyone help?

  19. Bhai log ye lasani group of companies ke sath achanak kia ho gya kia waqi koi masla hai nab ki traf se ya ye bhagne ke chakru me to ni hain behtar chal rahi thi ye company

  20. New lasani chikes and Chiken and lasani oil traders waly anes-ur-rahman bhag geya hai aur jitny bi ap ky leaders hain woh galat kah rhy hain ky yah log wapis aa jayen gy yah bhag gy hai jo bi en companies ky employees hain un ky khilaf reports karo sab jald

  26. B4U Global me mene investment ki hue he. Ye company 2017 se pakistan me kam kar rahi he or acha profit derhi he. Agar koi intrested he to contect kr sakta he.
    7% to 20% monthly profit.

  29. Butt and sons ne mere saath bhi fraud kiya hai ek lakh ka kindly plzzz koi help kr sky to krden mein bht majboor hoon mene kisi se udhar le k diye thy pasay plzzz help kr skta hai koi

  31. Are you guys taking any action against the fraud companies. We invested in Montviro in Feb 2019. Now the CEO is not refunding the money. The investment was 217400 Pak Rs.

  32. Paradise alliance pvt, is companey me hmne 10, lac rakhwaye thay, 4 month 5 persent k hisab se pese diye, ab ye log ghaib ho gae, koi bhi call atend nhi kr rha, na ofice ka nmbr uthate hn, or na hi cell phone,
    Plz help me

  34. I have invested for car financing in Paradise Alliance pvt Ltd since sep 2020, they told me my case is rejected n give me refund date of 90 working days which was jan 23rd 2021 since then all their numbers are blocked they have office in sidique trade centre off no 518. It’s also closes I have given them 4.24k. Anyone knows abt it pls inform me regards to all .

  36. In compny k krta dhrta sb bhag jagty he or ghreb imploy 15000.ya 20000 selry k chkr me phs jaty he

  40. Pradise Allaince pvt ltd, companey bhi fak hy, or logon k pese le kr bhag gai hy, mere bhi 10,00000 invest hoe ve hn, 4 manth tak to theek chali, phir sb bhag gae, jis jaga ofice tha ab wahan koi or ofice ban gaya hy,
    or ab ye compny panjab me abhi bhi kam kr rhi hy, kuuch smjh me nhi arha,
    Hm bohot preshan hn, koi help kr sakta hy plz batain,
    03013609030

  43. B4U is real company. It is giving good profit since 2017. Paradise Appliance company is Fruad company.. I am creating a whats group against them. Those who are victims send sms on my whatsup number 03133072003

  44. B4U is real company. It is giving good profit since 2017. Paradise Appliance company is Fruad company.. I am creating a whats group against them. Those who are victims send sms on my whatsup number 03133072003

  45. What about Brilliant General trading limited? They are offering car financing and investment. Is this a legitimate company?

  46. Brilliant general trading is offering 25k profit per month on 500k investment. That seems like a scam. Anybody knows about them? They are based in karachi

    • Agreed! I just visited their office near Millennium Mall, they are offering car financing at 5% markup with 30% down payment for 5 yrs plan, of course a SCAM…with company hold their 70% for 5 yrs just for 5%??? They’ll keep vehicle original documents with you for 5 years and just handover open letter to drive car. What if they escape in next 1 or 2 yrs like other companies being discuss here, who will provide your vehicle original document.

      Moreover, they demand 30% down payment when submitting your case 🙂 while bank just ask for 5K – 10K processing fee for submitting case for loan

      TOTAL FRAUD!!!

  47. Asalam u alikum dosto meray sath Rajput Group of investment nay fraud kia hain 50000 ka kia koi meri help kardayga mujhay paisay ko bht need hain

    • Asalm sir Hr Butt&sons Rayyan butt jis ne awam ko dhoke me raka or logou ky pase laykr bag gayia ha plzzz sir mare bhe 3 lack rope han es ky khelaf action lye

  49. AUTO EMPORIUM ENTERPRISES PVT LTD CAR FINANCING IN MODEL TOWN C BLOCK IS REAL OR FARUD ??????????????????? PLEASE HELP ME

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