Public Complaint Against Naswiz Retails Private Limited
Alleged misleading business practices and financial risks to army personnel
Matter: Request for investigation into alleged misleading recruitment, personal loan arrangements and financial irregularities.
This complaint is being published to raise awareness among serving army personnel, retired defence personnel, veterans and their families about certain business and recruitment practices allegedly associated with Naswiz Retails Private Limited.
Concerns have been raised about the way certain individuals reportedly approach army personnel and introduce them to business opportunities associated with the company. The purpose of this complaint is to request a fair and impartial investigation, protect potentially affected individuals, and encourage responsible business practices.
1. Regarding the joining of army personnel
According to information provided by concerned individuals, certain people associated with the business, including Pankaj Mishra, Satyajit Jana and Manish Viyas, have allegedly promoted business opportunities to army personnel by presenting attractive income prospects. Other names mentioned in the allegations include Bapuji, N.N. Das, Santosh Biswal, Manoj Kumar, Manish M. Nair, Arun Kumar and Sri Hari.
The individuals making these allegations claim that some people with military backgrounds may have been involved in approaching serving or retired personnel to introduce them to the business opportunity. These claims require independent verification. The involvement or guilt of any named individual should not be presumed without supporting evidence and an appropriate investigation.
2. Concerns regarding personal loans and financial losses
A serious concern relates to allegations that certain army personnel were encouraged to obtain personal loans of approximately Rs. 4,00,000 to take part in the business opportunity.
If individuals were encouraged to borrow money based on misleading income promises, incomplete disclosures or unrealistic expectations, they may face significant financial difficulty. Loan repayments, interest and household expenses can place heavy pressure on personnel and their families.
The relevant authorities should examine whether participants received accurate information about the business model, financial risks, product purchases, expected earnings, refund policies and repayment obligations before committing their money. Army personnel and veterans are strongly advised to verify all claims independently before taking loans or making large payments.
3. Examination of tax compliance
Concerns have also been raised about the tax compliance practices associated with the business activities in question, including possible irregularities relating to Goods and Services Tax (GST) and income tax.
We request the competent tax authorities to examine any available documentary evidence and determine whether the company and relevant parties have complied with applicable tax laws. No conclusion regarding tax evasion should be drawn without verification by the appropriate authorities.
4. Request for a fair and impartial investigation
We respectfully request the competent authorities to:
- Examine the recruitment and promotional practices used to approach army personnel.
- Investigate complaints about alleged misleading income promises and personal loan arrangements.
- Review relevant payment records, agreements, invoices and other supporting documents.
- Examine any substantiated allegations of GST or income tax violations.
- Verify whether applicable consumer protection, direct-selling and other legal requirements have been followed.
- Provide guidance and lawful remedies to individuals who can establish that they suffered financial losses.
5. Public awareness and prevention
The purpose of this complaint is to promote financial awareness and encourage informed decisions. Serving personnel, veterans and their families should carefully examine every business proposal, verify company information, and avoid borrowing money solely on the basis of verbal promises.
Anyone who believes they have been misled should keep payment receipts, bank statements, written agreements, messages and promotional material. These records may help the authorities examine the complaint.
Conclusion
We request a transparent and impartial examination of the concerns described above. If any wrongdoing is established through reliable evidence, appropriate action should be taken in accordance with applicable law.
This complaint is intended to encourage awareness, accountability and the protection of army personnel and their families. All allegations remain subject to verification, and every individual and organisation concerned should be given a fair opportunity to respond.