{{Members of Diamond Holiday Travel, a pyramid business in Rwanda say they are concerned after their Company account was allegedly frozen by the central Bank of Rwanda -BNR.}}
The bank declined to comment as the matter is under investigation.
Diamond Holiday Travel, is a Hong Kong based company engaged in pyramid business in Rwanda and tour and travel services.
It has about 3,500 members in its pyramid business. However, to become a member you have to deposit Frw250,000 on the company’s account.
A member who brings in new members is given, onset, Frw500,000 and as the team builds she/he is rewarded a bonus of Frw5 million. This translates that she/he moves to a second category.
Climbing in steps comes with benefits such as getting a discount on hotels and air tickets to the registered members when they travel.
Long queues can be cited at the offices of DHT, members coming to get their cash. The organization’s activities were registered by Rwanda Development Board last September.
Some of the members ORINFOR crew talked to said that they are greatly concerned by the freezing of the company’s account by the Central Bank.
They said they are making losses as some had deposited as much as Frw1,000,000.
On its part, Diamond Holiday Travel said that the central bank informed them that the company’s account in ECOBANK had been frozen; without providing reasons for such a decision.
Mrs. Monique Nsanzabaganwa, speaking to Radio Rwanda declined to comment on the matter as investigations are underway.
DHT began operations in Rwanda in September last year. It has branches in 18 countries in Africa.
{Orinfor}
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