Last month, Kashmir was caught in a news regarding the financial scam by one of the Chennai based companies. Hundreds of people were duped by the company on the pretext to receive secure monthly income with fewer investments.
The scam turned out to be multi crores and one of the board members has been arrested following the lodging of an FIR by police. The investigations into the fraud are yet to be completed and the facts are so far unknown with only allegations circulating across the social media platforms.
While the action so far is appreciable in this case, there is a need for broader understanding and regulations to curb such crimes. Off late social media platforms are displaying a number of job opportunities, franchises, dealerships with top companies. All they want is a submission of form along with some cash transferred.
Later, they disappear in thin air and the disgruntled candidate runs helter-skelter to seek their whereabouts. There is little or no check from these social media companies to disallow these fake job campaigns or cheating attempts. They easily lure people on false promises and land them in situations where they have tough chances to bounce back.
It is the responsibility of the government to keep such bogus and fraudulent companies and persons under check. A common man has nowhere to go even they can’t appeal on social media. It has been seen either the senior citizens, women, and the teenagers are actually the victims of such frauds.
It may take a long time for the government to come up with stringent laws since we are in a technologically transforming phase but the regulations framed for immediate curbing of menace can be implemented. The awareness, helpline services are the primary initiatives in this regard.
