Regulations
QNet: “It is a chain where a person is fooled and then he is trained to fool others to earn money” says Bombay HC order
The Bombay High Court while rejecting anticipatory bail applications of five accused in the multi-crore QNet scam, has 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 said.
 
In a hard-hitting order on 6 May 2016, Justice Mridula Bhatkar said, "The motto of the company 'sell more, earn more' appears very attractive and innocuous. However, this motto is fully camouflaged. The company stands on a basic statement that people can be fooled. Thus, the true motto is 'sell more earn more' by fooling people. In fact it is a chain where a person is fooled and then he is trained to fool others to earn money. For that purpose, workshops are conducted where study and business material is provided with a jugglery of words, promises and dreams. Thus, the deceit and fraud is camouflaged under the name of e-­marketing and business."
 
"It has very grave and serious impact on the economic status and mental health of the people on a large scale. On considering parameters of section 438 of the Code of Criminal Procedure, I am not inclined to protect the accused. It won't be out of place to mention that such circulation is required to be stopped. It is necessary for the prosecution to take injunctive steps against this business activity, which is prima facie, illegal. Though by stopping this business, a large group of people may get financially affected, however, it will save larger groups of people from becoming prey of this activity," the Bombay HC said. 
 
The HC rejected bail applications of five including, 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 and Michael Joseph Ferreira, former world champion of billiards and an 80% stakeholder in Vihaan.
 
"I have gone through the plan which is given by QNet to every individual representative (IR)," Justice Bhatkar said. "I have gone through the statements of many witnesses, who claimed that they have been cheated under the scheme launched by QNet. I have also considered the conclusive report of Serious Fraud Investigation Agency (SFIO) under the Company Act) SFIO Prima facie, there is material to hold that the business conducted by Qnet is covered under PCMC Act and also under Drugs and Magic Remedies (Objectionable Advertisements) Act, 1954."
 
"However," the Bench added, "the things are not as straight as they are perceived on the surface. Assuming that the scheme was launched with a noble object to give benefit to maximum people to make money quickly and easily by selling products of the company, however, after going through the material placed before me including the statements of the witnesses, I am of the view that in the mid­way, the intention of the applicants/ accused, who are the directors and shareholders of the company, became dubious. They had knowledge that more members are suffering financial losses and they are not satisfied with the products. The claim that the wellness products i.e., Biodisk and Chi Pendent are medicinal and spiritual products, are after all, a matter of faith. However, the applicants/ accused have launched these wellness products with ulterior motive and with correct judgment of vulnerability of the people. The holiday packages, which were sold or offered, without any choice left to the buyers. The entire business was Internet based and, therefore, the persons who are responsible i.e., the top brass i.e., the applicants/ accused, were not approachable to the persons who were aggrieved. The nature of the business was knitted in the interest of the Directors and shareholders in such a manner that the persons who are at the lower level of the pyramid cannot get any access to put up their grievances. The manner in which the persons were contacted, incentives offered, the workshops were conducted, are best examples of inducement."
 
Earlier, Pradeep Gharat, special Public Prosecutor submitted before the Bench that Vanmala Hotels, Travels and Tourism Services Private Ltd and Pallava Resorts Private Limited have created a Website and travel packages. "The commission was not paid on the products though the new members were introduced. The registered office of Vanmala Hotels, Travels and Tourism Services Pvt Ltd company is a call center," he said. 
 
He further submitted that in December 2014 the Ministry of Corporate Affairs sealed their office at Chennai and declared Gold Quest International Pvt Ltd and QuestNet Enterprise (P) Ltd as the fraud companies. "Thus, money is collected on­line and though the Independent Representative number is given, actual money was not available for withdrawal. Said money was laundered outside India. The police in the investigation have come across 73 bank accounts of Q Net Ltd and total laundering of is around Rs135 crore," Adv Gharat had said.
 
Below is the order passed by the Bombay HC…
 
 
Earlier in February 2016, the special Maharashtra Protection of Interest of Depositors (MPID) Court had also rejected anticipatory bail applications of these five. The Economic Offences Wing (EOW) of Mumbai Police, which is probing the case, had invoked the stringent MPID Act against controversial multi-level marketing (MLM) company QNet, which has denied any wrongdoing on its part.
 
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. 
 
While arguing before the HC in person, he contended that the illegal money circulation scheme is being conducted in India by changing names from GoldQuest to QuestNet to the current QNet.
 
Earlier, the SFIO in its detailed ‘secret’ report on GoldQuest International Pvt Ltd and Quest Enterprises India Pvt Ltd has called multi-level marketing (MLM) schemes run by overseas operators as “a potential threat to national security”.
 

User

COMMENTS

sachin

2 days ago

MR.DATO

LOOK INTO THE SIMILAR COMPLAINTS FROM 100'SOF IR'S ACCROSS INDIA.

Its not your Vihaan India (QNet India) looted money from Indian Citizens. Your India Support Center Team (Lead by Guru, Jaswinder, Rekha, Jyothi, Veronika an Others) has looted money from IR's who applied for Refund in the form of Commissions (Bribe) to issue Refund and made a Good amount of Personal Properties in their names and family members names. Now they have changed their names while speaking to IR's. They are responding to 1 out of 10 IR's.

We request you to see on this matter. Hope you know this already but keeping quite.
We have already requested EOW, ED & Supreme Court to Investigate on Employees Personal Properties details also.

sachin

2 weeks ago

Direct Selling Industry will assist the Government's vision to reduce unemployment itseems.

Yes That's Right, when you have a Manufacturing Unit in India of your Own and Directly Sell the Good Quality Products at Reasonable Prices to your Direct Sellers then to Customers.

These people doesn't know what is Direct Selling mean first of all.

Mr.So Called, What is the success rate in your so-called business. Hope less than 2%. Which means 98% people in my country will become poor again buying your products and Services. Only 2% people will become rich.

How can your business will help our Modi Govt to reduce unemployment. I am not able to understand.

Don't think the Great Modi Govt will support you. They are NOT dumb Ok

sachin

2 weeks ago

Direct Selling Industry will assist the Government's vision to reduce unemployment itseems.

Yes That's Right, when you have a Manufacturing Unit in India of your Own and Directly Sell the Good Quality Products at Reasonable Prices to your Direct Sellers then to Customers.

These people doesn't know what is Direct Selling mean first of all.

Mr.So Called, What is the success rate in your so-called business. Hope less than 2%. Which means 98% people in my country will become poor again buying your products and Services. Only 2% people will become rich.

How can your business will help our Modi Govt to reduce unemployment. I am not able to understand.

Don't think the Great Modi Govt will support you. They are dumb Ok

sachin

2 weeks ago

So Called Company
So Called Event
So Called Speakers
So Called Products
So Called Top Lines

Are Back to Home to screw their own life, Friends, Relatives etc., To earn So Called Commission.

sachin

2 weeks ago

So Called Company
So Called Event
So Called Speakers
So Called Products
So Called Top Lines

Are Back to Home to screw their own life, Friends, Relatives etc., To earn So Called Commission.

Sandy

4 weeks ago

Wow... A post is removed from here coz it was in favour of Qnet (posted on 27 APR 2017 8:32 am, by Mr Sodhi), so can Moneylife claim that it is providing a fair platform or is Moneylife biased. What else can be the reason to remove the post so quickly !!??
I would request Mr Sodhi to re-post it.

sachin

1 month ago

Sandy Bro...

you have lot of Patience to type long long messages.

Yes I want to know the number of people cheated since nobody can count it. if you have numbers pls send it to me.

you are saying that you have attended VCON, hope you not an TOP IR or Company Official. But still want to support QNet. Looks Funny. But I am a Victim, I agree.

I said I had been to Srilanka for Holidays not Vacation.

I dont think you know better than me about the company since you are differntiating Company from IR's. For me both are same. Since TOP IR's run the show. Basically this business is to pay Commissions for TOP IR's. You yourself using an work "ASSOICIATED".

SC has given only Bail not clean chit. Please read the Order in detail. I can read and understand the Order better than you since, I am Lawyer. Investigation to go futher,long long way to go....

God Bless You Mr.Sandy



sachin

1 month ago

Back from 3 weeks owesome Srilankan Holidays. So how many more got cheated from QNet ?

REPLY

Sandy

In Reply to sachin 1 month ago

Ohh.. Mr. Sachin seems to be very concerned about victims of Qnet, as after coming back from Sri Lanka (THREE WEEK HOLIDAY!!! ...and that too in Sri Lanka!! who does that...amazing) he wants to know the count..... Mr.Sachin..do you want to know the count just for fun ? or are you really concerned ?? In any case, you could have remained in touch through this platform... You just need an internet connection and most of the hotels provide free wifi!!

sachin

In Reply to Sandy 1 month ago

Mrrrrr.Sandy, what a Name Ooops....Going to Srilankan in my own money is Legal not Illegal. Going to VCON get Trained by so called Speakers, coming back to India, fuc* your friends and relations life is Illegal....Hope you have Free WiFi at VCON. God Bless you Mr.Sandy

Sandy

In Reply to sachin 1 month ago

Dear Sachin,
You didn't reply to my question, "you want to know the count of people cheated by Qnet, just for fun?? Or are you really concerned ??"
Obviously, nobody can force you to give reply, but I felt that you are brave enough to face any question instead of ducking it.... May be I am wrong.
Anyway, as far as my name is concerned, may be you didn't like it or have heard of this name for the first time in your life but I am OK with it... No problem.
Going to Sri Lanka by your own money is Legal... Yes... So is going to Malaysia by my own money.
Though I have never been to VCON, so I cannot comment on it that what do someone learn from there or do there (neither do I know what somebody does for 3 weeks at Sri Lanka in the name of Holidays) May be you know better as you must have attended VCON.
If someone attends VCON, comes back to India, and do whatever with his friends and relatives, which is illegal then that will be taken care of by law or concerned authorities, why should you be concerned, you can carry on your holiday or your work uninterrupted.
Now that is altogether a different matter that honourable Supreme Court of India has already looked into the case of Qnet , has gone through all the facts brought into it's notice by EOW and so called victims (like you) and reached to the conclusion that Qnet is not a ponzi scheme or fraud, some greedy people associated with Qnet might have fooled some dumb people but it does not make the whole company and all the people associated with it as bad people or scammers.
In every profession there are some bad doers but it does not make the profession untouchable, if it is so then you have to start blogging on every profession like Doctors, Lawyers, Educational institutions, Army, Politics, Food industry,..... Every where something is going wrong... So you have a lot of scope to blog against them and make all the professions untouchable.
Or if you think you are better placed that honourable Supreme Court to decide then how can someone help you..... God bless you my dear.

sachin

In Reply to Sandy 1 month ago

Mrrrrr.Sandy, what a Name Ooops....Going to Srilankan in my own money is Legal not Illegal. Going to VCON get Trained by so called Speakers, coming back to India, fuc* your friends and relations life is Illegal....Hope you have Free WiFi at VCON. God Bless you Mr.Sandy

sachin

2 months ago

Getting bail is not concern for a longtime. Let thr bail getters enjoy their time with their families.

Actually, No use of arresting them since QNet (Vihaan) business is not ruled by Vihaan Mgmt. All decisions and Reports will come from Malasia and Hongkong. These people are victims thatsit. Even Current Directors of the company have no idea about the business. They are just on the paper.

Now they talk about MLM Guidelines. Its not about the Guidelines, they wont follow it, its that simple.

If QNet have Balls, let them produce correct and complete Data to EOW. But they never did it, nevet ever gave complete Data as requested by EOW.

If QNet is not fraud, let them be transperent and ask for detail scrutiny of their books of Accounts from EOW / Income Tax depts.

They will never do this, since they know that their books are full of loopholes. QNet Books of Accounts is a big Joke

REPLY

bhavin sakhiya

In Reply to sachin 1 month ago

Recently i received a presentation to join qnet, i wanted to know more about from you, so thisvis my what's app no. +919033841141. Contact me any time .

bhavin sakhiya

In Reply to sachin 1 month ago

Recently i received a presentation to join qnet, i wanted to know more about from you, so thisvis my what's app no. +919033841141. Contact me any time .

ridip dewri

In Reply to bhavin sakhiya 1 month ago

Dont join its a scam

Sikender Pareek

2 months ago

Qnet is my dream company. It's amazing. I don't have words to show my gratitude for such a amazing company. God always send someone to help humanity and it's Qnet. Sky is not the limit, that's what Qnet teaches us. Thank you always, QNET.

Sikender Pareek

2 months ago

Qnet is my dream company. It's amazing. I don't have words to show my gratitude for such a amazing company. God always send someone to help humanity and it's Qnet. Sky is not the limit, that's what Qnet teaches us. Thank you always, QNET.

Sikender Pareek

2 months ago

Qnet is my dream company. It's amazing. I don't have words to show my gratitude for such a amazing company. God always send someone to help humanity and it's Qnet. Sky is not the limit, that's what Qnet teaches us. Thank you always, QNET.

Sikender Pareek

2 months ago

Qnet is my dream company. It's amazing. I don't have words to show my gratitude for such a amazing company. God always send someone to help humanity and it's Qnet. Sky is not the limit, that's what Qnet teaches us. Thank you always, QNET.

REPLY

ridip dewri

In Reply to Sikender Pareek 1 month ago

man u r sick ....i lost 1.5lac its bullshit

ridip dewri

In Reply to ridip dewri 1 month ago

U r a scammer...ur going to hell bro

ridip dewri

In Reply to ridip dewri 1 month ago

U r a scammer...ur going to hell bro

Sanju Pal

2 months ago

completely agree...Qneters are cheaters...they cheat their family members, friends...1 thousand worth watch they sells in 50000...
mostly in nights they call people ..and trained how to cheat others...
they asked money on relationship....even sometime they ask resume from innocent people and say there are only few vacancy ...join my organization immediately...
My GOD.....Big cheaters....

HUL's Q4 net up 7%
Consumer goods major Hindustan Unilever Ltd (HUL) on Monday reported a 7% rise in its standalone net profit in the quarter ended March to Rs.1,089.59 crore as compared to Rs.1,018.08 crore in the year-ago period.
 
Net sales increased by 3.36 percent for the quarter to Rs.7,809 crore as against Rs.7,555 report in the corresponding period last year.
 
"During the quarter, the domestic consumer business grew at 4 percent, with 4 percent underlying volume growth. Growth in the quarter was impacted by the phasing out of excise duty incentives, a one-time credit for excise duty refund in the base quarter and marginal price de-growth," the company said in regulatory filing at Bombay Stock Exchange (BSE).
 
The FMCG giant said that lower input costs resulted in 240 basis points reduction in cost of goods sold.
 
Net profit for 2015-16 was at Rs.4,082 crore with the growth rate impacted by the higher exceptional income arising from subsidiary and property related sales in the previous year, it reported.
 
"In challenging markets and a deflationary cost environment, we have delivered another year of competitive and profitable growth. Our sustained focus on investing behind brands, sharpening our executional capabilities and driving market development has enabled us to keep wining with consumers in a rapidly changing market," said company chairman Harish Manwani. 
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.

User

COMMENTS

sai kiran

2 months ago

Its very important

Michael

2 months ago

I am victim of it! I recently invested 4 Lacs in it. Dont know how to get my money back. Should I file complain against them?

REPLY

sai kiran

In Reply to Michael 2 months ago

Bro can I know u r WhatsApp num bcoz I want to know futhure about qnet bcoz my one of my cousin is asking me to join into this business.8008809959 this is my WhatsApp num u can msg me at anytime

MMRDA paying salary of two peons working at the CMO, reveals RTI
The Maharashtra Chief Minister's Office (CMO) has two employees working but instead of the CMO, they are being paid salaries by the Mumbai Metropolitan Region Development Authority (MMRDA), reveals a reply received under the Right to Information (RTI) Act.
 
According to information received by activist Anil Galgali from MMRDA, Vishwas Dadasaheb Bansode and Jagannath Tungvel Acharya are employed on contract as peons and have been deployed at the CM's office. "The salaries of the two peons are being paid by MMRDA. Bansode has been appointed from 1 November 2014 onward and Acharya has been appointed from 1 July 2015 onwards," the reply says.
 
"Pertinent to note here is that, one of the appointed peons Jagannath Acharya had retired from the CMO as Jamadar, but continues to function there and surprisingly there is no approval of the CM taken for the appointment," Galgali says.
 
As per the information received under the RTI, both the peons, Acharya and Bansode have not even worked for a single day at the MMRDA and have been working in the CMO from day one.
 
Galgali says, Acharya retired from the CMO as Jamadar and on the next day submitted his application to MMRDA for the job. On the same day, i.e. on 1 July 2015 the Deputy Metropolitan Commissioner (DMC) and the Additional Metropolitan Commissioner Sanjay Sethi approved it and issued internal order for appointment and the very same day onwards Acharya resumed work at the CMO.
 
Bansode, on the other hand, has been working in the CMO since 1 November 2014, but approval for his appointment was taken on 19 November 2014. Kiran Hadkar, under secretary in the CMO, wrote to the DMC seeking Bansode's services on loan basis. "The MMRDA paid Bansode Rs12,000 per month from 1 November 2014 to 30 December 2015 and thereafter Rs13,200. Acharya is being paid Rs17,500 per month since his appointment," the reply received under the RTI reveals.
 
When Galgali sought copy of the CM's approval order, he was handed over copy of the request letter sent by Hadkar. "...actuality it is binding to take the Government's approval for appointment of retired person's on contract basis, but the rules seems to have been ignored in both the cases," he said.
 
"In a case of Dr Jagannath Dhone versus Govt of Maharashtra, the state government has filed an affidavit stating that it would not appoint retired personal on contract basis and in case of extreme emergency, would seek due approval. The affidavit has itself been violated by the CMs office," Galgali says.
 
Expressing surprise, Galgali wondered as to whether the CM has been kept in the dark about such activities by some officers in the CMO. "This is a matter for investigation due to the reason and purpose of importance of a retire Jamadar Acharya's actual requirement in the CMO," the RTI activist added.
 

User

COMMENTS

Pallav

2 months ago

I got a lengthy pitch from two IR today, in chandigarh. I immediately could recognize that the whole system is false, as the IR didn't tell me much about the actual products that are to be sold, not more about how he would help me be financially free.

Guruprasad

3 months ago

I am from Bangalore (IR No.IN224209)([email protected]). I am chasing Qnet for my refund since last month. i have sent lot of mails but got all irresponsible replies and not answered all my queries which i have asked.. Initially.

Been following up with Rekha (Mobile No.9900060605) whereas she and QNet people are talking about their Refund policies. Mr.Sachin I will join you to fight back and to get back my refund. Their Office and warehouse no one is available. My Mobile No.9886081662. Please call me and help. QNet buggers are working from small hidden places and from their residences. I am also ready to help you to find them to get my refund.

REPLY

jitu moni

In Reply to Guruprasad 2 months ago

Msg us at FB page Qnet Scam

Noel Prabhu

3 months ago

Am from karnataka... Same like u all... This is not the time to discuss on wt happened to us.. Lets decide wt we can do to chase this dirt from our place. Q net is mainly focuzing on yoingsters who hv come to banglore to survive. They fill their shit n put their life to struggle. Lets try to stop dis by spreading so that many youngsters can lead their family happily.. Lets b one and show q net they are wrong.... Indians are nt fools.. Lets create another quit india movement to stop this thrush from our place.. Lets b united n save as many as we can.. jai Hind...

REPLY

jitu moni

In Reply to Noel Prabhu 2 months ago

join us at fb page Qnet Scam ..open for all victims

Noel Prabhu

In Reply to Noel Prabhu 3 months ago

This on Q net scam

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