| Name of Complainant | |
| Date of Complaint | January 23, 2021 |
| Name(s) of companies complained against | CENTRAL POLLUTION CONTROL BOARD, Delhi |
| Category of complaint | Investments |
| Permanent link of complaint | Right click to copy link |
| Share your complaint on social media for wider reach | |
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MALAMO GOLD Trading Application is a product designed to fleece all money out of gullible investors who want to buy genuine gold BIS products.
The company named Prakul Creations Pvt Limited hires seductive girls touted as Gold Analysts to first lure investors into gold trading through its Application MAMALO GOLD and then charges heavily on its Gold trading App which promotes speculative trading through artificial alogorithms.
Notablly, MALAMO GOLD App is neither registered with SEBI or RBI or any other regulatory body and thus indulging in totally opaque transactions which are charged exorbitantly and are designed to dupe investors of all their money.
Beware of such scamster company and unregulated entities.
I had opened my account with MALAMO GOLD and was luckily saved when an enlightened investor informed me of the shady credentials of this company.
I would appeal SEBI and RBI to immediately take action against this fraud company which is playing with the hard earned income of genuine investor under the garb of MALAMO GOLD TRADING APP. This App can be downloaded from Google Play store.
See the example below ;
Order No.20201228191148714153Canceled time：2020-12-28 19:50:11
•
• MALAMO Gold Bar Investment
weight:100.00gm
• 4924.000/4931.580
• 10
• 7580.000
• Pre-payment:30000
(Including service fee)
More details shall be available from their website www.malamo.in
Regards
Utpal Kapoor
Contact – 95822 00487
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