The female victims of the businesswoman’s notorious behavior are openly condemning Sidra and predicting dire consequences for her conduct. The proprietor of “Daily Bites” and “Cróise” admitted in a public post that she “had no means to pay off her committees.” No one has yet made an official complaint against the businesswoman since she pledged to return all the money on time. She wrote, “Please gentlemen, don’t panic.” Your money will be returned to you in the coming months.
The woman at issue in a recent financial fraud has been organizing committee meetings for her family and friends since 2015. (also known as rotational savings and credit clubs). She had received a tremendous amount of trust from a huge number of female business owners who were running various web companies. According to certain estimates given by her victims, she apparently operated 117 WhatsApp groups with dozens of members with the intention of earning money.
The initial payment supposedly came from the monies amassed in each group to Sidra. Under the committee method, a small group of people agrees to pool together a specific amount each month for a specific amount of time. If a group of 10 members pools in Rs20,000 each month from January to October, each member has one month from that point to accumulate Rs200,000. The entire system is built on trust and word-of-mouth communication because there are basically no official document trails outside of those involving banking transactions.