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Thursday, March 26, 2015

Muthoot Fin cautions people against fake promotion schemes

Muthoot Finance has cautioned people against fake Muthoot Finance Lottery promotions.

In a recent instance, a supposed organisation by the name of Chevron Texaco Oil & Gas Company fraudulently attempted to lure customers/ investors, through the platform of Muthoot Finance, by sending bogus e-mails and informing unsuspecting people that they have won a lottery worth crores of rupees.

The unsuspected customers were further instructed to submit their details, including residential address, bank name, account number, account holder’s name, bank branch, and scanned copy of their ID proof to a dubious email ID:

Muthoot Finance has advised customers and the general public to exercise caution against such e-mails. The company has clarified that it has no partnership with Chevron Texaco Oil & Gas Company – and that it does not seek money from people in exchange for lottery money.

According to R. M. Diwan, General Manager, Muthoot Finance Ltd, the company is looking into the matter and is also taking appropriate legal and punitive action to curb fraudulent claims by fake companies and fraudsters.

Source : Thehindubusinessline


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