The discussion on list of fraudulent companies will go on and on. You can hardly see any genuine company in India. BELIEVE ME, THERE IS NO ORIGINAL RP IN THE MARKET. THE ORIGINAL MATERIALS ARE TRADED WISELY WITHOUT COMING INTO THIS OPEN MARKET The 99% of the companies dealing in RP are fake and are involved in frauds. They have the support of some corrupt officials. In most cases the company representatives are also kept in dark. The innocent people are appointed as company representatives to fool the public. The actual fraud takes place between the top person in the company (ie. MD, Director, Manager, Appraiser, Co-coordinator) and the sellers. Their method of operation is as follows:

• The so called seller spreads the word among the known circle that he has a RP material and even may show a copper material packed in some make believe way. I have seen many amateur magicians involved in this.
• The mediators with an intention of making crores and crores, flock this so called seller and start entertaining him by giving him money and so on.
• The mediators then through their link find one of the members of this fake RP buying company.
• Sometimes this company man asks the mediators to pay him a small fee for his visit or sometimes he may ask the mediators pay the company fees (A few lakhs of rupees).
• Once the money is paid some fellow from this fake RP buying company visits the spot. On that day the so called seller or his associates will ensure that material is not shown to this company representative or material is shown in the interior part of a village or some new condition is raised by the seller or buyer. Here the business will fail and mediator will lose his money. The money paid as fees to the company is SHARED BY THE COMPANY, THE SO CALLED SELLER AND OTHER SET OF MEDIATORS WHO WORK AS A LINK BETWEEN THESE CHEATING COMPANIES AND SELLERS
• In some cases the appraiser from this fake RP buying company conducts the test on the SO CALLED RP which is actually a dummy piece, and tell the mediators that material is genuine and it has to be brought to the town or city for conducting business. The so called seller demands some money to do this and the mediators end up losing more money.
• Hence this business is all about some fake buyers, some fake sellers and some underground agents looting the money of thousands and thousands of innocent mediators and investors.
• There are still more smart people like one N.NAGARAJ (wearing half a kilo gold) of Bangalore. This man knows all these fact pretty well. And goes around claiming that he has a RP. He demands to see the profile of the company, licence to do business and fund proof in the bank. He demands and accepts money of Rs. 10 Lakhs from greedy and gullible people (BAKRAs) and makes an agreement to sell this RP to any company , satisfying his conditions, introduced by this BAKRA. The BAKRA, naturally, fails to introduce a genuine company and loses money.
• I have seen many BAKRAs losing money. This is happening all around the country. Officials don't take any action because they get their share. It is a multi crore scam in the country.