Overview, company details, product information, news, events, rankings and Rep listings for Unipay2U.
UniPay2U was a gold-investment MLM that collapsed in 2010. Six senior officials were later sentenced to 12 years in prison for money laundering, and litigation over customer refunds continued through 2026.
Original Npros business profile for Unipay2U, preserved below for archival purposes:
UniPay2U operated as an online gold-investment and multilevel marketing program in South Asia. UniPay2U Bangladesh Limited was incorporated on October 11, 2009, and began operating that month. The company presented itself as connected to Malaysia-based Best Genius Sdn. Bhd., while UniPay2U Marketing Private Limited operated from Bengaluru, India. Rather than selling conventional consumer products, UniPay2U claimed that members were purchasing gold held in professional bullion-storage facilities outside their home countries.
The company offered "retention" and "non-retention" gold plans. Under the retention option, customers were promised delivery of their gold after six months along with an interest payment. Under the non-retention plan, customers did not receive physical gold and were promised approximately twice their investment over ten months. In India, participation reportedly ranged from Rs15,000 for ten grams or units to Rs225,000 for 150 units. The compensation program also included referral awards and binary team-matching commissions tied to the investments brought into the organization.
Company Goals
Unipay 2U's mission statement is "To achieve superior returns and manage your wealth and financial affairs by utilizing the most powerful, profitable, private and protected plans and structures - all to achieve your personal and financial goals!"
Specific information the company, its reps, payment procedures, executive management and origin of the company is virtually non-existent on the various Unipay2U international websites. Many consumer protection and fraud sites have extensive postings about Unipay2U members being undable to withdraw their investments and not receiving promised payments.
In January 2011, The Anti-Corruption Commission of Bangladesh filed a case against the chairman and the managing director of Unipay2U Bangladesh for amassing money by cheating members. Specifically, they were accused of withdrawing investors' money and depositing it into personal accounts.
Several of the international sites linked on the Unipay2U main website are no longer functional.
Inclusion in the Npros.com directory does not constitute an endorsement of any company or product.
Listed Parent Company:
Best Genius Sdn. Bhd.
14-1 Solaris Mount Kiara,
JLN Solaris 3, OFF Jalan Duta Kiara,
Mont' Kiara, 50480 Kuala Lumpur, Malaysia.
Phone: 603 620 40732
Fax: 603 620 40731
Unknown
December 31, 2012 -- The Anti-Corruption Commission in Chittagong, Bangladesh has filed charges of misappropriating funds against a distributor of Unipay2U, several of his relatives and a bank official.The accused are Unipay2U distributor Hamidul Haque Manik, his brother Kamal Hossain, sister-in-law Forkan Ara Begum, father-in-law Abdul Gofur, cousin Ayesha Begum and Jahangir Alam, an assistant...
June 14, 2012 - The chairman, managing director and three other executives of Unipay2U were sued in Bangladesh on Thursday for embezzlement. The plaintiff in the case alleged that the defendants embezzled his money with the promise of repaying it with double interest within a year. Several fraud cases have been filed against Unipay2U officials after the media reported its illegal financial deal...
A court in Bangladesh has ordered the arrest of 42 officials of Unipay2U by July 26 on charges of misappropriating funds, including the company's founder and owner, Magandam Gam Gam James. The arrest warrants were ordered after six plaintiffs filed cases against UniPay2U, alleging that its executives had embezzeled their money while promising to pay them back double the amount within 10 months....
May 28, 2012 -- Unipay2U director Khondoker Mukit Al Mahmud was arrested in Bangladesh today and charged with defrauding investors. Mukit claimed innocence, saying that he joined Unipay2U seven months after the government froze the company's bank accounts. The company was ordered to suspend operations in January last year after hundreds of investors accused the company of fraud and demanded their ...
The managing director and general manager of Unipay2u have been arrested on charges of cheating and embezzlement in Dhaka.Muntasir Hossain Emon and Jamshedur Rahman of Unipay2u Bangladesh were remanded into custody on Sunday for their roles in Unipay2u. According to reports, on several occasions the chairman and managing director withdrew large sums of money from the company accounts under the ...
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