Tarun Karthick
Campbell Bay, 03 November 2021
Nicobar Times had earlier published an investigative story on Money Within Reach abbreviated as MWR, being a fraud company and how its members will lose money soon. We published the report on the 27th of September 2021 and now it is being reported that MWR has ceased operations and hundreds of residents from Andaman and Nicobar Islands have lost their money.
Several residents of Andaman and Nicobar Islands had invested in this fraud company hoping to earn sustained returns over time. The company had all ingredients of being fraud which the unaware residents of the Islands failed to recognise.
The story published on 27th September by Nicobar Times on MWR is available on the following link: https://nicobartimes.com/investigative-stories/mwr-money-within-reach-is-a-scam-fast-spreading-in-a-n-islands/
The company earlier used to lure people by offering them some amount in lieu of a few clicks on its mobile app and website, but the catch was a deposit amount that they sought from the users to upgrade their VIP level.
Earlier the company maintained a cheap website at the URL http://mwrindia.in and very recently they tried rebranding themselves as MWR Life which is already an established USA based company. Their plan was to get more people to deposit money in the name of MWR Life since it has a huge online presence.
The new URL of their website was https://mwr-life.in. Both the old and new URL of the company is currently non-functional. The company also provided its customers with an Android mobile app, which was a web view app of their website. The app is also non-functional now.
Some members of the MWR have even deposited money to the tune of lakhs of rupees and are now suffering in silence because they failed to recognise the fraud being committed with them.
Many users of MWR are contacting Nicobar Times from all over the country, seeking help and some users informed us that cases against the company have been registered in some states.
The local members of the MWR from Andaman and Nicobar Islands are also visiting various police stations across the Islands to register their FIR against the fake company.
Various police stations across the Islands have reportedly sought some documents from the members of MWR like the bank statement and the members are collecting all documents, which will be submitted to the police soon to register an FIR.
It is unfortunate that the Islanders fell into the trap of this fake company and lost their money. Andaman and Nicobar Police should make it a priority to register FIR against the fake company.