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”.
 

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COMMENTS

Srinivas lC

1 day ago

Every saturday and Sunday Representatives meet in coffee day in Katriguppe Bangalore to talk to new prospects

sachin

1 day ago

We are collecting information on all the IR's all over Karnataka. We will create a FB Group as well WhatsApp Braodcast. You can just drop in your mobile numbers. We all fight against this scam and make sure QNet run away from Karnataka.

SRISHA EKAMBAR

1 day ago

Guys !!! Got news that every week 75 people are joining this business alone in Bangalore.. it's really high time to stop this

Preeti Sharma

1 week ago

Qnet representatives seat in CCB or Barista or in any good restaurant.

sachin

1 week ago

Got Some New directors details on QNet (Vihaan India)

Suryanarayana Kantha vijaysarathy Appointment Date 17th July 2014

Dilipraj pukkella, appointment date 12th Aug 2016

Muhammed Imthiaaz, appointment date 12th Aug 2016.

After we updated address here, not only Office is closed even warehouse is closed.

We are verfying secret places from where QNet is working in India. Will update soon

REPLY

Preeti Sharma

In Reply to sachin 1 week ago

have you purchased any of Qnet product ?

Munnaan Devraju Vinod Kumar

In Reply to Preeti Sharma 1 week ago

I've purchased holiday package product from Qnet. This product cost is overhead and waste of spending money on this. This Qnet is laundering from innocent people and making scapegoat

Preeti Sharma

In Reply to Preeti Sharma 1 week ago

one of my friend approach me to invest in Qnet for better future. make good money in short time with convince to other people as well for investment.

Ip Stack

3 weeks ago

guys please be aware this chain is working in Dubai aswell so please be cautious in your actions and decisions please consult many of your friends and wellwishers before you jump into a blackhole where everything is abstract the stories, the commitments the bullshit stories, the sweet talks and what not trained assassins of your dreams

gurupreet

3 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 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 ffva.in@gmail.com

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

sachin

3 weeks ago

QNet has closed its Office since we updated address here. We have network all over India. Where ever they hide. We will find out and update address here. We are collecting information on company officials. Will update those details as soon as possible once received.

sachin

4 weeks ago

Want Refund go to the hidden office where QNet is playing hide and seek game. Above Shoba hyper Market 2nd Floor, Kalyan Nagar, Bangalore.

Where ever QNet hides in India. We will find out and write address here with in a week they change address.

Jayanth BS

1 month ago

Many DENTAL specialists are heavily involved in Bangalore, MYSORE, COORG. They are forcing students and colleagues to buy it
What will they do after investing when they are told after enrolling to fetch more clients... To recover they enroll further friend and family members. It's a vicious cycle. Many get to know that they R fooled and keep quite since they are educated enough to suffer silent ly with out discussing the matter for their qualifications. God save them as Govt. Has not taken cognisance of it inspite of court rulings.

Jayanth BS

1 month ago

Many DENTAL specialists are heavily involved in Bangalore, MYSORE, COORG. They are forcing students and colleagues to buy it
What will they do after investing when they are told after enrolling to fetch more clients... To recover they enroll further friend and family members. It's a vicious cycle. Many get to know that they R fooled and keep quite since they are educated enough to suffer silent ly with out discussing the matter for their qualifications. God save them as Govt. Has not taken cognisance of it inspite of court rulings.

VINOD@87

1 month ago

Thanks Sachin for your suggestion and I would like to know, are they still working in same place?

REPLY

sachin

In Reply to VINOD@87 1 month ago

Yes. But No board Outside. Go with Police and fuck the bastards.

VINOD@87

1 month ago

Thanks Sachin for your suggestion and I would like to know, are they still working in same place?

sachin

1 month ago

@Vinod@87

Want Refund go to the hidden office where QNet is playing hide and seek game. Above Shoba hyper Market 2nd Floor, Kalyan Nagar, Bangalore.

sachin

1 month ago

@Vinod@87

Want Refund go to the hidden office where QNet is playing hide and seek game. Above Shoba hyper Market 2nd Floor, Kalyan Nagar, Bangalore.

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.

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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.
 

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