MLM / Chain Money
QNet: Bombay HC asks five including Michael Ferreira and Suresh Thimiri to surrender
The Bombay High Court on Tuesday asked the five prime accused, including former world champion of billiards Michael Ferreira, to surrender as per the directions passed by the Supreme Court in the multi-crore QNet scam case. The HC was hearing a bunch of writ petitions filed by these five accused. 
 
The five prime accused, including Ferreira, Srinivas Rao Vanka and Magaral Veervalli Balaji, both directors of Vihaan Direct Selling (India) Pvt Ltd, Suresh Thimiri, director of Transview Enterprises India Pvt Ltd, Malcolm Nozer Desai, who is a 20% stakeholder in Vihaan have approached the HC with their writ petitions. They were seeking to quash the first information report (FIR) filed by Gurupreet Singh Anand as well as a stay on coercive action against them by the authorities. 
 
A division bench headed by Justice Abhay Oka, while refusing to grant any relief, asked the five to surrender before authorities as per directions from the apex court. 
 
Last week, the Supreme Court, while accepting Maharashtra's standing council Nishant Khatneshwarkar's argument that the accused have failed to join the investigation and the charges are serious, had directed the five to surrender within a week.
 
Earlier in May, the Bombay High Court had also rejected bail plea of these five associates of QNet. While rejecting anticipatory bail applications of five accused the HC had observed that "the deceit and fraud is camouflaged under the name of e-marketing and business". This scheme is undoubtedly a multi-level marketing (MLM) activity and a pyramid structure of such scheme is prepared so that the members are promised to get money on purchase and sale of products, the Court had said.
 
Gurupreet Singh Anand, a computer consultant from Lokhandawala, Andheri in his first information report (FIR) stated that his wife was duped for Rs30,000 by some people who had introduced themselves as the independent representatives (IRs) of QNet.

User

COMMENTS

gurupreet

4 weeks ago

QNET VICTIMS please beware of this shady character one Mr. Rafiq whose posing as an "High Court Advocate & RTI Activist" at various online web sites.

This guy is a sweet talker and will promise you refund from QNET if you appoint him as an advocate, he is doing nothing but cheating your further...here is his modus operandi...

He also claims to be behind several actions that have been taken place by mumbai police and FFVA but the FACT remains that he has nothing to do with any of these actions being taken all over India.

He will convince victims to appoint him as an ADVOCATE and thereafter tell victims to deposit Rs 50,000 in various bank accounts to show that he has been apponited.

He will promise that he will return back the money after showing that to QNET office but the FACT remains that after the money is transferred he will stop recieving your calls and vanish .

We have recieved multiple complaints against this FRAUD, please BEWARE you all have already been cheated dont get cheated again.

For your REFUNDS only follow the correct and LEGAL way to get your refunds along with compensation, for more info do drop us a email at [email protected]

FFVA i.e Financial Frauds Victims Association has been formed to help and provide legal aid to victims of QNET SCAM.

http://www.mid-day.com/articles/qnet-forms-financial-fraud-victims-forum-scam-gurupreet-singh-anand/17659179

Please stay away from crooks and fight for your legal rights in correct and proper way.

Regards
Gurupreet

Mahesh Sonar

4 months ago

I am also Victim of this scam

gurupreet

5 months ago

Bakrey ki AMMA ka tak KHAIR manaegi :)

Ralph Rau

5 months ago

It is a challenge to "betray" ones Qnet "friends circle".

Mr Ferreira should have stuck to his old game.

atul gupta

5 months ago


Be ready to fight against QNET/VIHAAN and all your uplines including friend.
Find QNET REFUND PROCESS and COMPLAINT AGAINST QNET procedure as below.
1st Option
If your purchase on product receipts is in INR rupees then with in 30 days of purchase or if your purchase is in USD dollar then with in 7 days you can send email to Qnet customer support for refund otherwise Qnet will deny you refund. Then go to 2nd option which all need to go for even after you get refund to get QNET banned from India and to save our brothers & sisters.
1. Get your IR ID and products receipts first. Both will come to your mail box once your upline register your email id on portal. If email id is given wrong by your friend/upline then first send email to Qnet customer support with copy of Pan Card and ask them to update your email id first. Qnet will confirm you updation of your email id. Then call Qnet support and ask your product purchase details.
2. Send a cancellation mail for both products and IR ID to the support team of QNET with a subject line as "REFUND IN****" provinding all details of transactions and product details.Usually IR number will be like IN4444 and all. Attach scanned PAN CARD and product receipts in the mail to them.
[email protected]
[email protected]
[email protected]
[email protected]
[email protected]
[email protected]
[email protected]
3.Once this mail is sent, the support team will create a CRF number and send to Hong Kong team for approvals for the refund request. It will take 20-30 working days for the refund to be processed by Qnet.
4.Meanwhile, mail them or call them on every alternative days for an update. QNET Numbers are :
9900060061,62,64,68-Veronika
9900060605,9148149320Jasvinder
5.Once Refund request is completed ,they ask for the mode of payment. Better go for Money transfer to your account, then you have to send a scanned copy of your cancelled account cheque leaf or bank statement.
6.After 20 working days, you will get your money refunded of the product to your bank account.
7.Rest of money left , you collect from your upline by filing complaint in local police station.

2nd Option
pls all go for 2nd option even if you get money refunded as per option 1 by QNET to ban QNET and save indians.
File written complaint/FIR against your friend and all uplines at local police station and write in complaint that QNET is running money circulation scheme which is banned in india as per prize ,chit and money circulation scheme ,1978. Your uplines will be called by police and they will return you money through QNET or themselves as you can not get refund from Qnet after 30 days are over if products purchased through indian portal and after 7 days if purchased through world portal. Warn your uplines that you are going to file complaint/FIR against them. Besides above process kindly by post or by hand send your complaint to THE DCP, ECONOMIC OFFENSES WING, MANDIR MARG, DELHI also to ban QNET by using format of complaint given below.
https://drive.google.com/file/d/0ByQ-yz2wwceEX3BEV3kxZlNkbDg/view?usp=drivesdk
In your complaint attach uplines photos, mobile numbers, your bank account statement if you transferred money from your account to upline account or cash/DD deposit receipt, pan card, address proof, purchase receipts. Mention in your complaint that meeting took place nearby your home or office otherwise local police will ask you to lodge complaint at police station where actual meeting took place. File complaint at your nearby police station and EOW DELHI both to fight against QNET. Do not sign any affidavit asked by your uplines to give back your money.

REPLY

Mahesh Sonar

In Reply to atul gupta 4 months ago

Atul ji thanks for your reply. Please help me to get my money back against these fradulens. need some info please give your mail id to personal help.

atul gupta

5 months ago

Madras High Court in 2005 declared MLM as illegal business. Qnet previously known as Goldquest and Questnet have been declared fraudulent companies by SFIO and Parliament of India. Qnet founder Vijay Eswaran is an accused in fraud Goldquest case filed by Chennai police in 2008. MPID Act have been imposed on Qnet and Bombay High Court has declared it as nothing but money circulation as per PCMS Act. Enforcement Directorate has registered a case and Economic Offenses Wing Mumbai has arrested few leaders like Ram Singh of Qnet Infiniti group. Lookout circular issued against Infiniti leaders like Sachin Gupta, Kavita, Sharfun Shaikh, who have fled to places like Dubai. CERT has blocked Qnet websites under Court’s order. CB-CBI of Andhra Pradesh shut down Questnet and case is going on in court. Govt of Andhra Pradesh has passed order for attachment of properties of Questnet. Questnet MD Pushpam Appalanaidu has been arrested. Michael Ferriera of Team Faith and shareholder of Vihaan Direct Selling, a franchise of Qnet have been denied anticipatory bail by High Court. Maharashtra CM has assured enquiry into Qnet operations. Now case has reached in supreme court and I am sure that after rejection of anticipatory bail finally from Supreme Court Vihaan Directors and Michael ferreira along with suresh thimri will go to jail. In India Qnet IR are duping and looting people on daily basis by using planned scripted way of showing their knowns and friends a business opportunity and chance to earn 5 crores in 5 years of project in partnership. They lure friends for investment from 3 lakh to 10 lakh to start business and after taking moneybuy products on online store of Qnet portal which are very expensive and useless products. Real purpose is not to sell products online but to induce new IR to indulge in chain business to trap more and more people for earning huge commissions through binary compensation plans. Even after cases going on Qnet in all over India still these agents are continuing this banned business of Qnet agressively.

Nifty, Sensex continue to be in a mild downtrend – Tuesday closing report
We had mentioned in Monday’s closing report that Nifty, Sensex might weaken further. The major indices of the Indian stock markets were range-bound on Tuesday and closed with marginal losses over Monday’s close. Trading volumes on the NSE were on the lower side, reflecting caution among investors. The trends of the major indices in the course of Tuesday’s trading are given in the table below:
 
 
The key indices closed in the red as selling pressure was witnessed in capital goods, banking and automobile stocks. The BSE market breadth was tilted in favour of the bears -- with 1,430 declines and 1,254 advances. On the NSE there were 614 advances, 828 declines and 61 unchanged.  IT (information technology) stocks traded with mixed sentiments, while banking stocks traded down due to profit booking. Textile and FMCG stocks traded with mixed sentiments on profit booking, according to market analysts. 
 
Automobile major Tata Motors on Tuesday announced its foray into the Bolivian commercial vehicle market by entering into a distribution agreement with local partner -- Bolivian Auto Motors. "We at Tata Motors understand our customers well and today have introduced class-leading products, suitable for varied terrains, with each of these built for better load carrying capability, more trips, with the lowest turnaround time," Rudrarup Maitra, Head (International Business), Commercial Vehicles, Tata Motors, was quoted as saying in a statement. According to the company, it has launched three commercial vehicles in the Bolivian market -- Tata SuperAce Petrol, Tata Xenon Petrol and Tata LPT 613 truck. Besides Bolivia, Tata Motors commercial vehicles are also sold in other South American markets like Chile and Ecuador. Tata Motors shares closed at Rs531.95, down 0.67% on the BSE.
 
State-run Coal India Ltd's share buy-back offer will open from October 3 to October 18, a regulatory filing said on Tuesday. Coal India board had approved the buy-back of over 10.89 crore shares at a price of Rs335 per share for an aggregate consideration not exceeding Rs3,650 crore. SBI Capital Markets Ltd on Tuesday informed about the letter of offer regarding buy-back offer to the equity shareholders of coal miner. "The buy-back offer size represents approximately 24.95 per cent of the aggregate of the fully paid-up share capital and free reserves, as per the audited accounts of the Company for the financial year ended 31 March 2016 and is within the statutory limits of 25% of the aggregate of the fully paid up share capital and free reserves as per the audited accounts of the Company for the financial year ended 31 March 2016," the filing said. Coal India shares closed at Rs332.00, down 0.20% on the BSE.
 
The US dollar slipped against most major currencies on Monday ahead of the country's first presidential debate between Republican Donald Trump and Democrat Hillary Clinton. Analysts said the debate has cast huge amount of uncertainties over the country and thus hurt the currency. The dollar index, which measures the greenback against six major currencies, was down 0.23% at 95.262 in late trading. On the economic front, US sales of new single-family houses in August were at a seasonally adjusted annual rate of 609,000, beating market consensus, reported the Commerce Department on Monday. American investors are cautious over the outcome of the US Presidential elections. However, Indian market analysts feel that in our stock markets it would be ‘business as usual’ irrespective of who wins the election.
 
The top gainers and top losers of the major indices are given in the table below:
 
 
The closing values of the major Asian indices are given below:
 

User

COMMENTS

Shekhar Mirgunde

5 months ago

Congestion in bull market intrest rates are going down major currencydollardepreciating bond market volatality

Aadhaar Made Mandatory: CBSE school goes on an enrolment drive
The Supreme Court had ruled that Aadhaar could not be made mandatory for availing benefits under the various social security schemes. Following the order, the Central Board of Secondary Education (CBSE), also made it clear that providing Aadhaar number of students will be optional and not mandatory. However, some schools are not only forcing students to provide the UID number, but also arranging camps for enrolment of Aadhaar for those who do not have the UID number. 
 
In a circular issued on 10 September 2016, the CBSE has clarified that "Aadhaar number field provided in the system is optional (not mandatory)". However, few schools that run CBSE curriculum are insisting on furnishing Aadhaar number for students. One such school even organises an enrolment camp to issue Aadhaar to students and sent out a letter to parents. Here is the letter, sent out by one such school for compulsory enrolment of Aadhaar and shared by one parent...
 
 
Importantly, the school is found forcing Aadhaar enrolment upon students who are taking admission in primary classes as well. This raises another question: do the school authorities or even the government care that biometrics (a must for enrolling to Aadhaar), especially of children, are susceptible to change over years. It is a well-known fact that human body parts like fingerprint, iris, and voice age, wither and decay with the passage of time. Is there a biological material in the human body that constitutes biometric data, which is immortal, ageless and permanent?
 
Besides, working conditions, humidity, temperature and lighting conditions also affect the quality of biological material used for generating biometric data. Aadhaar is based on the unscientific and questionable assumption that there are parts of human body likes fingerprint, iris, and voice that does not age, wither and decay with the passage of time. A report “Biometric Recognition: Challenges and Opportunities” of the National Research Council, USA published on 24 September 2010 concluded that the current state of biometrics is ‘inherently fallible’. That is also one of the findings of a five-year study.
 
 
Coming back to enforcing Aadhaar on citizens, just few days ago, the Supreme Court caught the central government red-handed defying its order that no citizen will be deprived benefits under a government scheme for want of an Aadhaar number. A Bench of Justices Gopala V Gowda and AK Goel, while staying a letter issued by the Centre to states for making Aadhaar mandatory for scholarship schemes, directed the Ministry of Electronics and Information Technology to discard Aadhaar as mandatory condition for student registration from its national scholarship portal. The Bench also stayed instructions insisting on Aadhaar from government advertisement for the scholarship schemes, says a report from The Hindu.
 
Last year, CBSE took a U-turn after announcing that students appearing for board exams had to compulsorily provide their Aadhaar number. It clarified that providing the UID number is optional for class 10 and class 12 students and also for students registering for class 9th and 11th, who will appear for board examination next year.
 
On 15 October 2015, the Constitution Bench of Supreme Court led by the then Chief Justice HL Dattu had ruled that no person shall be deprived of services such as Mahatma Gandhi National Rural Employment Guarantee Act (MNREGA), Jan Dhan Yojana, pension and provident fund schemes for want of Aadhaar. The Bench even hinted that the government risked contempt of Court if it chooses to continue to make Aadhaar number a mandatory condition.
 
Earlier on 23 September 2013, a bench of Justice J Chelameswar, Justice SA Bobde and Justice C Nagappan, without going into concrete examples, had said: "In certain quarters, Aadhaar are being insisted on by various authorities."
 
"...no person should suffer for not getting the Aadhaar in spite of the fact that some authorities had issued a circular making it mandatory and when any person applies to get the Aadhaar voluntarily, it may be checked whether that person is entitled for it under the law and it should not be given to any illegal immigrant," the apex court had said in its order. 

User

COMMENTS

Sivakumar Songappan

5 months ago

I could not understand the basic reason behind this propaganda against Adhar. If it is becoming easy to obtain and made mandatory, what is the problem for an ordinary citizen to comply with it. I'd people opposing because they do not want to forgo the unanimity coming along with the non availability of unified identity.

Mandar Kulkarni

5 months ago

Thanks court from preventing authorities from making the Aadhaar mandatory. Widespread and nationwide debate is required on pros and cons of this UID system. Do we really need this? Better we scrap this immediately without wasting any further money of common taxpayers.

MG Warrier

5 months ago

Looks, clarity is still missing, about Aadhaar and KYC (Know Your Customer). While there is need to enforce requirement to produce documents proving identiry and address proof, the insistance on any particular document for the purpose causes avoidable inconveniences. If Aadhaar is to be mandatory, issue of Aadhaar should be made the responsibility of the authority issuing Aadhaar. Till Aadhaar is issued, other documents in lieu should continue to provide the evidence Aadhaar is expected to provide.

We are listening!

Solve the equation and enter in the Captcha field.
  Loading...
Close

To continue


Please
Sign Up or Sign In
with

Email
Close

To continue


Please
Sign Up or Sign In
with

Email

BUY NOW

The Scam
24 Year Of The Scam: The Perennial Bestseller, reads like a Thriller!
Moneylife Magazine
Fiercely independent and pro-consumer information on personal finance
Stockletters in 3 Flavours
Outstanding research that beats mutual funds year after year
MAS: Complete Online Financial Advisory
(Includes Moneylife Magazine and Lion Stockletter)