Real Life Story - Work-At-Home Scheme

Dx-Logix (name changed), 'the complete IT enabled services lab', as they call themselves, is a company that has duped over 400 people in Bangalore and fleeced crores of rupees.

Dx-Logix claims it is a direct agency of a US based company and associate of another Singapore based company. Shankar (name changed) made a one time non-refundable investment of Rs 50,000 to obtain a 12 month data conversion franchise from Dx-Logix. He was given bulk data for conversion, which he did and was paid for.

But, when paytime for his second and third assignments came by, the company said the payment had not come from the partner company and they would pay later. "But the money never did come through." This is the story of 400 other people who worked for Dx-Logix. Says Sujatha, "I lost more than Rs 2-3 lakh,"

When the franchisees went to the Dx-Logix office, they were given cheques which later bounced. The company issued cheques dated May 20 to be drawn on Karnataka Bank, Mahalakshmi Layout branch, to all the 400 people. On May 19, the company withdrew Rs 10 lakh from the account, leaving it almost empty.

Sources in the bank said that Dx-Logix had issued many stop payments and cheques it had issued had bounced.

Later, Dx-Logix sent out letters asking them to re-present the cheques on June 5 and again on June 17, When Time News Network tried to contact Dx-Logix CEO on the telephone, it found the office telephone lines disconnected. He couldn't be contacted on his mobile either.

Source: For full story with real names, please see The Times of India , Nov 23' 2002