Though it collapsed ages in the past and its web site is offline, the TVI Specific saga continues.
5 years in the past Indian authorities arrested Tarun Trikha, founder and CEO of the corporate.
In 2014 the Indian Supreme Courtroom directed the Central Bureau of Investigation to research TVI Specific.
4 years later the CBI has lastly filed fees.
The CBI have booked TVI Specific, Tarun Trikha (proper), Varun Trikha, Veena Trikha, Sikha Trikha, Shakti Sharad, Anoop Kumar and Kabita Ganguly on fees referring to dishonest, forgery and SEBI guideline violations.
As to the precise criticism that triggered the investigation;
The complainant had alleged they’d collected cash within the title of Pacific Royal Airways and siphoned and misappropriated greater than Rs 10,000 crore of buyers’ funds.
Pacific Royal Airways was a failed bid by Trikha to launder funds he’d appropriated by way of TVI Specific.
The complainant has alleged that the accused had created a software program by which it was promised that buyers can redeem their investments, however it by no means labored.
BehindMLM examined TVI Specific all the way in which again in 2010.
Primarily based on evaluation of the corporate’s compensation plan, we concluded TVI Specific was as fundamental a travel-based pyramid scheme as they arrive.