got a call offering red sanders sapling investment with huge returns, is this genuine or a scam to avoid
3 जवाब
Treat such calls with strong suspicion. Red sanders is one of the species most commonly used in plantation investment scams because the name is associated with high value smuggled wood. A pitch promising huge guaranteed returns from saplings, with advance payment now, is a classic trap. The reality is that red sanders takes decades to mature, is legally restricted at felling, transport and export, and no honest person can promise a fixed future price. Anyone pushing it as a quick money plantation is either misinformed or dishonest. Do not pay advances, do not sign on the basis of brochures, and verify everything about ownership and legal felling and transit with the State Forest Department. If returns sound too good and money is needed upfront, it is almost certainly a scam.
I got the same call. They could not tell me how the wood would be legally sold given the restrictions. That alone told me to stay away.
In our region red sanders is linked to smuggling cases in the news. Why would anyone offer easy money on a wood that is under that much watch. It made no sense, so I refused.