MLM / Chain Money
QNet: MPID Court rejects anticipatory bail applications of five including Michael Ferreira, Suresh Thimiri
The special court has rejected anticipatory bail applications of two directors of Vihaan, Suresh Thimiri of Transview as well as Malcolm Desai and Michael Ferreira, the stakeholders of Vihaan that handles QNet's MLM operations in India
 
The special Maharashtra Protection of Interest of Depositors (MPID) Court on Tuesday rejected anticipatory bail applications of five accused in the multi-crore QNet scam. This includes, 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 20% stakeholder in Vihaan and Michael Joseph Ferreira, former world champion of billiards and 80% stakeholder in Vihaan.
 
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.
 
Transview Enterprises is an associate company of Vihaan Direct Selling Pvt Ltd that handles QNet's multi-level marketing (MLM) operations in India since 14 April 2012. Vihaan Direct Selling, in which Michael Ferreira, the former world billiards champion, owns 80% stake, is a direct selling agent of QNet and had done large financial transactions with Thimiri's company Transview. 
 
The EOW had booked several accused including the former world champion of billiards and five companies related with QNet, under the MPID Act. This means all the cases against QNet, Vihaan and all those involved in the MLM scam would be heard before the special MPID Court. Until now, the accused were being investigated for cheating and forgery under the Prize, Chits and Money Circulation Schemes (Banning) Act 1978, and for money laundering by the Enforcement Directorate (ED).
 
In February 2014, the ED registered a case under the prevention of money laundering act (PMLA) against QNet, Vihaan Direct Selling, Ferreira and QNet founder Vijay Eswaran and three other independent representatives (IRs) of the MLM operator.
 
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. Anand told the police, “They (IRs) had said that one of the bio-products my wife bought could be used to treat my 12-year-old son's brain-related diseases.”

User

COMMENTS

jitu moni

5 months ago

http://www.mid-day.com/articles/qnet-case-scam-mumbai-news-mumbai-airport-arrest-eow-aditi-mitra/18084164
The Economic Offences Wing (EOW) of the city police arrested a woman in her early 30s on Thursday for her active involvement in the multi-crore QNet scam. The total number of arrested accused has now reached 47, which includes Billiards champion and Padma Bhushan recipient Michael Ferreira.
In the Rs 1,000-crore scam of Hong Kong-based company QNet, nearly 5 lakh investors across the country were duped. QNet has been accused of using the banned binary pyramid business model for its multi-level marketing schemes to lure investors.

QNet posed as a marketing firm selling bio-discs, watches, herbal products, holiday packages, etc. It also claimed that by using the bio-disc, one could cure cancer and brain diseases, the police said.
Too much baggage
Accused Aditi Mitra was intercepted at the Chhatrapati Shivaji International Airport, and subsequently, arrested based on the lookout circular that had been issued against her.

Assistant commissioner of police Arun Jadhav confirmed her arrest said she was sent to police custody till March 23.
Mitra was allegedly trying to flee to Dubai for good. She was carrying eight big bags and two handbags. Of the eight, two contained her belongings; she refused to say what was in the other six, sources said.

Mitra, an independent representative associated with QNet, had been getting hefty commissions in return. She has multiple bank accounts, with one alone having Rs 25 lakh, as EOW officials found, adding that all her bank accounts have been frozen.

Active player
Investigators found that on the instructions of the other accused, Mitra was actively involved in the scam. She had brainwashed victims in order to induce them to invest in the scheme,” said special public prosecutor Pradip Gharat.

A victim, Sewri resident Arpita Majarekar, said, “She would conduct welcome sessions in malls and trap people with her sweet talk.

She had promised me and many others that if we invested in the scheme, we would get double the amount in three years.” Majarekar, who works in a private firm in Andheri, had invested nearly Rs 12.5 lakh in the scheme through Mitra.

She has been booked under relevant sections of the Maharashtra Protection of Interest of Depositors in Financial Establishments Act, Prize, Chits and Money Circulation Schemes (Banning) Act, and the Indian Penal Code.

gurupreet

7 months 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 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

gurupreet

11 months ago

GOOD NEWS...QNET VICTIMS IN MUMBAI...DEDICATED QUESTIONS & ANSWERS SESSION FOR QNET VICTIMS on Sunday 18th September 2016.

Ever since you lost your hard earned money in QNET SCAM, you all have multiple questions and facing multiple issues like :

1. Where and whom to approach for recovering your hard earned money?

2. How to help fight and stop this QNET SCAM?

3. How to teach your CHEATER UPLINES a lesson?

4. Issues regarding the “so called” “REFUND POLICY”.

5. Are you eligible for “Compensations”?

6. Issues regarding action buy police authorities.

7. What is the status of the court cases etc.

These are an example of just a few issues and concerns you are facing, but there is GOOD NEWS for you all. We have been working overtime to try and bring an end to these woes and issues faced by Victims of Financial Frauds like this QNETSCAM.

So guys and girls tomorrow is the BIG DAY finally , Please do join us tomorrow (Sunday) afternoon at 1.30 PM sharp at Andheri east, outside Sarangi Restaurant (Just 1 minute from the Andheri station on the east side).

Please do come and also inform other victims of the QNETSCAM.
Tomorrow (Sunday) afternoon sharp 1.30 PM, outside Sarangi Restaurant , Andheri-east, Mumbai.

Please note we have limited seats, first come first served basis allotment..so make sure to reach in time __/\__ . You can contact on 7498063701 in case of difficulty in locating us :)

Jai Hind.

jitu moni

11 months ago

http://timesofindia.indiatimes.com/city/hyderabad/4-persons-associated-with-MLM-company-arrested/articleshowprint/54204335.cms?null
Four persons, who were associated with Hong Kong-based QNET, a multi-level marketing (MLM) company, and duped 200 persons by promising them jobs, were arrested by Central Crime Station (CCS) officials on Thursday. However, the MD and directors of QNET and its sister company Vihaan Direct Selling are still at large.


Deputy commissioner of police (CCS) Avinash Mohanty said Sreenath Konda, Prasanna Kumar Reddy, V Kanchana, B Dhan Raj were arrested from different locations in the city for cheating people.


Police said the accused had been enrolling gullible people as agents by collecting Rs 10 lakh from a group of 10 persons.


Each person would be given status of promoter, direct them to attract a group (i.e., 10 persons) and make them join QNET by paying Rs 10 lakh, for which the promoter would be assured commission.

jitu moni

12 months ago

http://zeenews.india.com/news/maharashtra/qnet-case-sc-directs-maharashtra-govt-to-file-latest-probe-report_1924693.html
Mumbai: The Supreme Court on Thursday directed the Maharashtra Government to file the latest status report regarding investigation so far on the anticipatory bail plea of World Billiards champion Michael Ferreira and four others, who are facing charges of money laundering in the multi-crore QNet case.

The next hearing in the matter will take place on September 14.

Besides Ferreira, the others whose anticipatory bail plea were rejected were Malcom Desai, Vanka Srinivas, Maganlal Balaji, all directors of M/s Vihaan Direct Selling (India) Pvt. Ltd, and Suresh Themiri, director of Transview Enterprises.
They are facing charges under Sections 420 (mischief), 468 (forgery), 471 (using forged document knowing it is not genuine) of the Indian Penal Code (IPC).

Justice Mridula Bhatkar of the Bombay High Court, who took on record the statement of public prosecutor Pradeep Gharat that investigations were still on, had in May rejected their anticipatory bail pleas.

Ferreira had started the operations of QNet, a multi-level marketing company, in India via his firm Vihaan Enteprises.

The QNet cheating case began with a complaint by Gurpreet Singh Anand, who raised his voice after losing Rs. 30,000.

According to the police, the money involved has crossed Rs. 1,000 crores in the alleged scam with more than five lakh investors allegedly losing their money in the case against QNet which is being probed by the Economic Offences Wing.
ANI

jitu moni

1 year ago

http://www.newsambit.com/eow-of-delhi-police-registered-case-against-qnet-india-and-its-irs/
NewsAmbit, New Delhi
Delhi Police Economic Offence Wing(EOW) has registered an FIR against QNET India/Vihaan Direct selling India Private Limited and its three independent representatives on the allegations of cheating and fraudulently operating the multi level marketing, which is illegal in India. Police have initiated the investigation and suspecting huge scam, which is estimated in crores.
A senior Police officer of EOW said that we received a combined complaint against QNET India and its three independent representatives from more than dozen of people in the month of March this year. As per the allegations of main complainant Anuj Jain alleged that his friend Himashu Aggarwal approached him for an business opportunity. He said that he is an independent representative(IR) of an e-commerce based company. He said that he can arrange an meeting with the other IR’s who will tell you about the business and if they find you suitable you will get chance to be a part of the company. After few days Himanshu called Anuj Jain to come with a CV at a café situated in Nehru Place area on 29 November 2015. Anuj reached there, where he met with Himanshu and his to associates Anita Jaggi and Kanika. Trio told him about the business profile and also assured that this is not a networking marketing company. They demanded Rs 6.5 lakh to be a member of the company. They also said that company has millions of customers. IR of the company is treated as a partner and also got the profit share for each sale. After three four days Anuj gave them 6.5 lakh rupees but after some time he got to know that this is a multi level marketing company and fraudulently cheating innocent persons by roping them in it’s banned business with the help of IRs.
Police said that Anuj is not the only complainant so many more complainants also approached to EOW. After which a preliminary enquiry had conducted. It was found that some persons who are termed as IR contact their friends and close persons to join a new e-commerce business. They don’t tell the name of the company or complete business module at the beginning. After alluring them they set various amounts from the victim. Independent Representatives(IR) get training during the joining and talk to make further members. These kinds of IRs of the company are operated from different cafes and food courts situated in Delhi and NCR.
Those who join the company get user id etc and products like ravel packages, some other items etc are shown purchase from their money. The delivery address given in the portal is also found of overseas area most of the time and mostly that address is too fake type location only which shows that no products are being sold and it is a completely a money circulation scheme. Two websites were found involved in the namely www.unetindia.in and www.cmetindia.net were found mated to Vihaan Direct selling (India) Pvt ltd which is stated Indian Franchisee of Hong Kong based net company. Investigations are on. Police are trying to unearth the whole network of the IRs on which this company is running its business unlawfully in Delhi. A case has been registered u/s 420/120B/34 IPC and 4/5/6 of Prize Chits and money circulation Schemes(Banning) Act,1978 .

Profiles of IRs
Himashu works with Samsung
Anita Jaggi works with RBS

atul gupta

1 year ago


Be ready to fight against QNET and all your uplines including friend.
Find QNET REFUND and FIGHT 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 first.It will come to your mail box once your upline register your email id on portal. If email id is given wrong then call Qnet customer support numbers and complain about your upline. Ask your IR ID and products purchased details from them.
2. Send a cancellation mail 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.
jasvinder.kaur@qnetindia.in
rekha.s@qnetindia.in
jyoti.s@qnetindia.in
Veronika.c@qnetindia.in
support.centre@qnetindia.in
3.Once this mail is sent, the support team will create a CRF number and sends to Hong Kong team for approvals for the refund request. It will take 15-20 working days for the approvals for refund request.
4.Meanwhile, mail them or call them on every alternative days for an update.
Numbers:
9900060061,62,64,68-veronica
9900060605-rekha,jasvinder kaur
5.Once Refund request is completed ,they ask for the mode of payment.
Ecards or Account Money transfer. Better go for Money transfer to your account.
If you opt for account transfer, then you have to send a scanned copy of your 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 one month is 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. Please whatsapp me at 9871853120 only if any confusion.

Ashwani Mulsoo

1 year ago

I just want to know that the people who approach us for this what is called as exponential money making business, can we put them behind bars for fooling so many people already.

REPLY

jitu moni

In Reply to Ashwani Mulsoo 1 year ago

Visit FB page Qnet Scam for filing complaints n all updates

Dev

1 year ago

http://www.deccanchronicle.com/nation/crime/160616/another-multi-level-marketing-scam-hits-hyderabad-100-people-duped.html

After receiving the complaint from a group of people, the central crime station is now investigating the scam.
Company officials asked them to pay around Rs 1 lakh as charges for registration, investment and training fee. (Representational image)
Company officials asked them to pay around Rs 1 lakh as charges for registration, investment and training fee. (Representational image)
Hyderabad: A new multi-level marketing scam (MLM) has surfaced in Hyderabad with around a 100 victims losing money in the controversial QNet scheme.

Several people have come out alleging that they have lost lakhs in the dubious scheme and has demanded arrest of the managers, who have fled with crores.
After receiving the complaint from a group of people, the central crime station is now investigating the scam. The Singapore-based QNet Private Ltd had already run into trouble with the law in Bengaluru and Mumbai police due to the same scam.

The victims, mostly fresh graduates and college dropouts, alleged that they were lured by some people claiming to be company officials who offered them a high salary and commission to do ‘e-commerce’ for QNet products.

Company officials asked them to pay around Rs 1 lakh as charges for registration, investment and training fee. However, the QNet officials neither provided them any job nor gave back their money even after a year.

After several complaints poured into S.R. Nagar police station cops found out that a QNet office was operating in Ameerpet, where most of the victims had paid their money. An FIR was registered in S.R. Nagar police station against company officials and later it was transferred to CCS.

“A person named Ramesh Kurmetti and his associates run the firm. He and others had been avoiding us for the last one year whenever we asked our money back,” said P. Vishwa Teja, one of the victims from Ameerpet.

The youngsters came to know about the company through Facebook and by word of mouth. “We were told that we will be getting around Rs 30,000 as salary as we add more customers and agents into the scheme. They asked us to get trained and promised that we would be selling their products like Bio Disc, Bio Light etc. However, nothing of that sort has happened so far,” said another victim M. Avinash.

Many people have paid Rs 2 to Rs 3 lakh while some paid Rs 1 lakh. The company officials had promised their commission would be higher according to the investment they put in.

While it is yet to be calculated how much money has been looted by the company officials victims claim that it would be around Rs 5 to Rs 8 crore.
Meanwhile, the police has not made any arrest so far in the case.

“We had registered a case after taking the complaint. Since it was an economic offence with a lot of money involved the case was transferred to CCS,” said S.R. Nagar inspector Md. Waheeduddin.

Dev

1 year ago

http://www.deccanchronicle.com/nation/crime/160616/another-multi-level-marketing-scam-hits-hyderabad-100-people-duped.html

After receiving the complaint from a group of people, the central crime station is now investigating the scam.
Company officials asked them to pay around Rs 1 lakh as charges for registration, investment and training fee. (Representational image)
Company officials asked them to pay around Rs 1 lakh as charges for registration, investment and training fee. (Representational image)
Hyderabad: A new multi-level marketing scam (MLM) has surfaced in Hyderabad with around a 100 victims losing money in the controversial QNet scheme.

Several people have come out alleging that they have lost lakhs in the dubious scheme and has demanded arrest of the managers, who have fled with crores.
After receiving the complaint from a group of people, the central crime station is now investigating the scam. The Singapore-based QNet Private Ltd had already run into trouble with the law in Bengaluru and Mumbai police due to the same scam.

The victims, mostly fresh graduates and college dropouts, alleged that they were lured by some people claiming to be company officials who offered them a high salary and commission to do ‘e-commerce’ for QNet products.

Company officials asked them to pay around Rs 1 lakh as charges for registration, investment and training fee. However, the QNet officials neither provided them any job nor gave back their money even after a year.

After several complaints poured into S.R. Nagar police station cops found out that a QNet office was operating in Ameerpet, where most of the victims had paid their money. An FIR was registered in S.R. Nagar police station against company officials and later it was transferred to CCS.

“A person named Ramesh Kurmetti and his associates run the firm. He and others had been avoiding us for the last one year whenever we asked our money back,” said P. Vishwa Teja, one of the victims from Ameerpet.

The youngsters came to know about the company through Facebook and by word of mouth. “We were told that we will be getting around Rs 30,000 as salary as we add more customers and agents into the scheme. They asked us to get trained and promised that we would be selling their products like Bio Disc, Bio Light etc. However, nothing of that sort has happened so far,” said another victim M. Avinash.

Many people have paid Rs 2 to Rs 3 lakh while some paid Rs 1 lakh. The company officials had promised their commission would be higher according to the investment they put in.

While it is yet to be calculated how much money has been looted by the company officials victims claim that it would be around Rs 5 to Rs 8 crore.
Meanwhile, the police has not made any arrest so far in the case.

“We had registered a case after taking the complaint. Since it was an economic offence with a lot of money involved the case was transferred to CCS,” said S.R. Nagar inspector Md. Waheeduddin.

jitu moni

1 year ago

Bluru QNet agent who earned 50L a yr as commission held
Mumbai: The Economic Offences Wing (EOW) has arrested Ram Singh, an accused in the Rs 1,000 crore QNet case, for earning Rs 50 lakh or more as commission each year from proceeds of the crime.

Singh, a Bengaluru resident, was arrested last week after the imigration authorities at Bangalore airport detained him over a look out circular notice (LOC) issued by the Mumbai police. "We are going through all his bank account details and trying to ascertain the source of money to his account," said DCP Pravin Padwal of the EOW.

Singh's name had cropped up during the initial investigation in 2013 but the police could not locate him then. In January 2015, a police team visited his Bengaluru residence but did not find him there. The house was locked. He is the 19th accused to be arrested in this case so far.

"We are working to arrest all the culprits in this case. A special investigation team has been formed to nab the othe accused invovled," said Dhananjay Kamalakar, joint police commissioner, EOW. Singh, said police sources, has been sending money to his daughter who is studying in Canada. "We have to know his source of income. He has sent a major chunk of money to Canada. We suspect this money was gained from QNet. Moreover, he was looking after the QNet business in Dubai and has been shuttling between Dubai and India. We got his passport number late. Soon after getting it, we issued an LOC notice and he was detained," said an officer.

A special MPIDA court in February this year rejected the anticipatory bail plea of Michael Ferreira (77) winner of the World Amateur Billiards Championship and a Padma Bhushan recipient, and four others, Malcom Desai, Vanka Srinivas, Maganlal Balaji, all directors of M/s Vihaan Direct Selling (India) Pvt Ltd and Suresh Themiri, director Transview Enterprises. They all have approached the high court now in the QNet case.

"They posed as a marketing firm which would sell bio-discs, watches, herbal products, holiday packages, etc. They even claimed that by using the bio-disc, one can cure cancer and brain diseases," cops said. Some money has been transferred to Malayasia, Singapore and Hong Kong, too, cops added.

jitu moni

1 year ago

http://timesofindia.indiatimes.com/city/mumbai/EOW-to-now-probe-celebs-role-in-QNet/articleshow/52333087.cms
Mumbai: The city's economic offences wing (EOW) is now looking into allegations that several Bollywood celebrities campaigned for the cheat firm, QNet, through advetisements or by promoting the schemes of the self-proclaimed marketing firm.

Gurupreet Singh Anand, complainant in the Rs 1,000-crore QNet cheating case, on Wednesday said at least four Bollywood actors promoted the Ponzi schemes at different times in the QNet's promotional programs in United Kingdom and Malaysia. He has submitted a 23-page letter wherein he has attached the celebrities' pictures promoting the programs.

"I have submitted letter and all the relevant information to the EOW on May 12. I am hoping some action soon," Anand told TOI. He alleged that the money was laundered from India to Hong Kong and Malaysia.

Anand was speaking at a press conference where suddenly a group of QNet sympathisers appeared with "I trust QNet" placards.. They were later asked to leave the conference room.

atul gupta

1 year ago

Be ready to fight against QNET and all your uplines including friend.
QNET REFUND and FIGHT AGAINST QNET procedure as below.

1st Option
If your purchase on portal is in INR rupees then with in 30 days of purchase or if yur 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 yu get refund to get QNET banned from INDIA and to save our brothers & sisters.

1. Get your IR ID first.It will come to your mail box once yur upline register yyr email id on portal. If email id is given wrong then call Qnet customer support numbers and complain about yur upline. Ask yur IR ID from them.

2. Send a cancellation mail 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 in the mail to them.
jasvinder.kaur@qnetindia.in
rekha.s@qnetindia.in
jyoti.s@qnetindia.in
Veronika.c@qnetindia.in
support.centre@qnetindia.in

3.Once this mail is sent, the support team will create a CRF number and sends to Hong Kong team for approvals for the refund request. It will take 15-20 working days for the approvals for refundrequest.

4.Meanwhile, mail them or call them on every alternative days for an update.
Numbers:
9900060061,62,64,68-veronica
9900060605-rekha,jasvinder kaur

5.Once Refund request is completed ,they ask for the mode of payment.Ecards or Account Money transfer. Better go for Money transfer to your account.If you opt for account transfer, then you have to send a scanned copy of your account cheque leaf.

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.

CATCH HOLD OF YOUR UPLINE GIVE COMPLAINT/FIR AGAINST HIM / HER AND ALL YOUR UPLINES IN LOCAL POLICE STATION NEAR TO YOUR HOME AND MENTION THE COMPANY NAME IN THE FIR THAT QNET IS RUNNING BANNED MONEY CIRCULATION SCHEME. Your uplines will return you money as you can not get refund from Qnet after one month is over if products purchased through indian portal and after 7 days if purchased from world portal of Qnet.
BEFORE GIVING COMPLIANT/FIR INFORM YOUR UPLINE & HIS GRAND UPLINE THAT YOU ARE GOING TO LODGE A COMPLAINT & GOING TO MEDIA, TAKE SOMEBODY HELP (YOUR PARENTS, CLOSE FRIENDS, LAWYER )and TAKE THEM WITH YOU TO ASSOCIATION OR WHERE THEY MEET EVERY DAY. SEE WHAT HE SAY'S,THEY WILL AGREE TO PAY, IF NOT THEN GO AHEAD FOR FIR/COMPLAINT IN ANY CASE.
Besides above process kindly lodge your complaint to THE DCP, ECONOMIC OFFENSES WING, MANDIR MARG, DELHI OR EOW MUMBAI also to BAN QNET FROM INDIA.
In your complaint attach uplines photos, mobile numbers, yur bank account statement if u transferred money from your account to upline account or cash deposit receipt, pan card, address proof, purchase receipts, gurupreet singh anand first FIR copy agnst Qnet scam and google news 5-6 against Qnet. MENTION IN YOUR COMPLAINT THAT MEETING TOOK PLACE AT MARKET NEAR TO YOUR HOME OTHERWISE POLICE WILL SEND YOU TO POLICE STATION OF THE PLACE WHERE YOUR ACTUAL MEETING TOOK PLACE.
File complaint at your nearby police station and EOW/Crime branch both in yur city to fight against QNET.
For any clarification whatsapp me at my number 9871853120.

Dev

1 year ago

LINKS TO QNET ARTICLES/TV COVERAGE

http://www.dnaindia.com/india/report-bombay-high-court-rejects-bail-of-micheal-ferreira-four-others-in-qnet-case-2210300

http://timesofindia.indiatimes.com/city/mumbai/HC-rejects-bail-of-Micheal-Ferreira-4-others-in-QNet-case/articleshow/52172539.cms

http://economictimes.indiatimes.com/news/politics-and-nation/hc-rejects-bail-of-micheal-ferreira-4-others-in-qnet-case/articleshow/52172931.cms

http://www.moneylife.in/article/qnet-kirit-somaiya-mp-demands-quick-action-against-the-mlm/46808.html

http://www.moneylife.in/article/qnet-secret-sfio-report-says-mlm-ponzi-schemes-and-lsquo-a-threat-to-national-security-and-rsquo/46817.html

http://www.business-standard.com/article/pti-stories/police-issue-summons-to-fc-goa-official-over-qnet-sponsorship-116042901487_1.html

http://timesofindia.indiatimes.com/city/mumbai/Notices-to-football-league-officials-over-Qnet-money/articleshow/52035746.cms

http://timesofindia.indiatimes.com/city/mumbai/QNet-cheating-case-Investors-protest-outside-Michael-Ferreiras-home/articleshow/51969270.cms

http://www.thehindu.com/news/cities/mumbai/news/hc-dismisses-appeal-of-qnets-public-relations-firm/article8457252.ece

http://www.asianage.com/mumbai/cm-devendra-fadnavis-has-assured-detailed-inquiry-qnet-bjp-524

http://www.thehindu.com/news/cities/bangalore/mlm-firm-busted-5-arrested/article8468517.ece

http://timesofindia.indiatimes.com/city/mumbai/No-bail-for-billiards-champ-in-QNet-case/articleshow/50827276.cms

http://timesofindia.indiatimes.com/city/gurgaon/Seven-booked-for-cheating-bizman/articleshow/50885431.cms

https://http://www.youtube.com/watch?v=e6x2QgI6K7o&nore...

https://http://www.youtube.com/watch?v=RabPkRNutwU

https://http://www.youtube.com/watch?v=MJ5PeybXnLo

jitu moni

1 year ago

QNet: Secret SFIO report says MLM, Ponzi schemes a threat to national security
Read article http://www.moneylife.in//article/qnet-secret-sfio-report-says-mlm-ponzi-schemes-and-lsquo-a-threat-to-national-security-and-rsquo/46817.html

jitu moni

1 year ago

Hello Everyone

The company Qnet is celebrating VCon from 3-7 May. As a present,yesterday late night, I posted lot of comments on numerous pics uploaded on Instagram. I also posted on VChief Pathmans account. Unfortunately, they kept deleting my posts and had to ultimately block me. If each one of us, Indians, takes to instagram and starts posting messages like me, then they would have to either block us or abandon their account, which is their money making tool. You can start with Qnetofficial,TheV, Pathmans account, etc with phrases like Pyramid Scheme, Qnetscam, Franchise Fraud, Police arrests, court cases,Cheating, etc. They cannot stop us if we all work as one unit.

Hope we all teach them a lesson and save other fellow Indians.

Jai Hind

jitu moni

1 year ago

http://www.asianage.com/mumbai/cm-devend...
CM Devendra Fadnavis has assured detailed inquiry into QNet: BJP
Chief minister Devendra Fadnavis has promised to make a detailed inquiry of the alleged irregularities by the QNet multilevel marketing company and take action against the offenders, said BJP spokesperson Madhav Bhandari on Saturday. Former union minister P. Chidambaram’s wife was a legal counsellor with the company.

The QNet company, which was earlier known as Goldquest, has cheated 12 lakh people to the tune of thousands of crores of rupees. The court has rejected anticipatory bail to the accused in this case. When the CM was contacted about this, he promised to make a detailed inquiry and take action. If necessary, he said that the CBI’s help would also be taken, said Mr Bhandari.

The party spokesperson demanded that the role of former Union minister P. Chidambaram and his wife needs to be probed in this case. “Mr Chidambaram’s wife was a legal counsellor of the concerned company. Taking note of complaint registered by a lawyer from Chennai, the Central Vigilance Department handed over the case to the CBI. The complaint also has a mention of former Union minister Shashi Tharoor. However, the CBI did not investigate the matter during the tenure of Congress government at the Centre,” he alleged.

In Maharashtra, the wife of Gurpreet Singh Anand had in 2013 filed a complaint of fraud against the company. However, there was not much inquiry during the Congress-NCP regime. But since the court has denied anticipatory bail to other accused, including sportsman Michael Ferreira, the investigation can be expedited. Many sensational things are expected to come out in the investigation as the CM has promised to carry out a detailed probe in the case, said Mr Bhandari.

jitu moni

1 year ago

Mumbai police seeks Zee business help in probe of QNet
https://http://www.youtube.com/watch?v=RabPkRNutwU

jitu moni

1 year ago

http://timesofindia.indiatimes.com/city/...
A group of investors in the QNet multi-level market case on Sunday gathered near Holy Family Church and marched as a protest and public awarness against ponzi schemes. The protesetors reached at the house of accused Padma Bhushan Michael feriera in the QNet cheating case. The protesters were holding placards that read, Michel Ferriera Shame Shame! and Ban QNet".

"We chose Bandra for protest since most of the accused in this scam reside here. We had informed the police in advance and stated that the peaceful march will be for awareness about such fraud schems and protest against such ponzi schemes," said Gurpreet Singh Anand, the first complainant in the QNet cheating case. He added that thgough it was his birthday but he did not spend time at home and was busy in the awarenss drive.
Similar protests were held in New Delhi, Bangalore and Hyderabad on Sunday. Last month a special MPIDA court rejected the anticipatory bail plea of Michael Ferreira, winner of the World Amateur Billiards Championship and a Padma Bhushan recipient, and four others in the QNet case. They have approached the Bombay High Court for anticipatory bail. Ferreira, 77, and others had applied for anticipatory bail in 2014.

jitu moni

1 year ago

http://timesofindia.indiatimes.com/city/...
The economic offences wing of Mumbai police, probing the multicrore Qnet scam, has issued notices to Indian Super League (ISL) officials to gather details about taking sponsorship from the tainted company.
Qnet had made celebratory association as the official direct selling partner of Goa Football Club (FC Goa) throughout the Indian Super League 2015 season, from October to December. FC Goa is a part of the ISL football league tournament. Sources said the police are trying to find out the how the proceeds of crime of a company under serious investigation, have been used to sponsor the team. Police are also baffled as how the Qnet managed to generate money when its accounts have been seized. "We have sum moned ISL officials to understand the amount and flow of money in their sponsorship from the Qnet company which had defrauded several investors," said an official.

jitu moni

1 year ago

The fight against the Qnet scam wheré more than 7000 crores of rupees has been laundered out to foreign shores from India has just got bigger.

The Saradha Scam which started mainly in Bengal looks relatively smaller compared to the Qnet scam which had defrauded people across various cities like Mumbai,Delhi,Bangalore,Hyderabad etc for over a period of 10 years.

To unite and protest against this MLM scam plaguing India, all victims,activists, are requested that they gather outside Holy Family church,Hill Road,Bandra West at 10.30 A.M. tomorrow 24th April,2016.

Various press and media agencies will be present to cover the event meet and address grievances to authorities.

The current government has taken note of the Qnet scam and matter will be taken up at upcoming Parliament session.

All Indians are cordially invited to support the cause and join in the protest. We need to end the scam by spreading awareness and recover the money taken away by the scamsters.

A request to all to please forward this message on Facebook, twitter and WhatsApp groups... Jai Hind

Dev

1 year ago

http://www.thehindu.com/news/cities/bang...

The Koramangala police along with officials of the Central Crime Branch busted the international multi-level marketing (MLM) company QNet and arrested five persons who were collecting lakhs of rupees from the gullible people promising foreign trips and higher returns.

Based on a complaint filed by a victim, Nitin Vaidya, police officials from Koramangala searched a coffee shop and arrested Sanjay Suri (32) and U. Nikil Santosh Kumar (29) from Telangana, Naren Sharma (28) from Himachal Pradesh, Susheel Shanghvi (34) from Mumbai and Prashath Kumar (34) from Kerala and recovered six mobile phones, a car, a bike and Rs. 11,510 from them.

According to the police the accused — engineering, MBA and MCA graduates, who were part of the QNet chain-link company based in Hong Kong — had lured Mr. Vaidya to invest Rs. 7.8 lakh promising a trip to London and also assured high rate of commission for getting more members into the company. However, Mr. Vaidya claimed that he was neither sent to the trip nor they returned his money following which he approached the police on April 10. On questioning, the accused confessed that they have also been cheated but they decided to get more members to the company’s fold to recover their amount. The police are investigating to track the prime accused, based outside the country.

Dev

1 year ago

http://www.thehindu.com/news/cities/mumb...

Adding to Hong Kong-based public relations firm Qnet’s woes, the Bombay High Court in a recent order rejected its appeal against an order to freeze its accounts by a Maharashtra Protection of Interest of Depositors (MPID) court.

The appeal in the HC on October 13 was filed by Concept Public Relations India Limited, which acted as a media co-ordinator for Qnet. The latter is being investigated by the Economic Offences Wing (EOW) for a financial scam involving ‘chain link multilevel marketing’. According to the police, people were encouraged to pay an amount and join as ‘members’ with the promise of high commissions for getting more such ‘members’ into the organisation. In the process, the appellant had admittedly received more than Rs 45 lakh as service charges. During the course of the investigation, the bank accounts of the appellant were frozen.

The counsel appearing for the company submitted that the company was only providing media and public relation services to Qnet. Being a professional services organisation, the company acted as a media service provider as proposed by Qnet, he contended, adding Concept is providing services to the other reputed organisations also and that the professional charges earned by the company cannot be frozen.

The Special Public Prosecutor told the court that the scam allegedly involving Qnet runs into hundreds of crores of rupees and is being investigated by the EOW, and that the investigating agency had sufficient material to freeze the company’s accounts.

Dev

1 year ago

http://timesofindia.indiatimes.com/city/...

RGAON: A city-based businessman was allegedly cheated out of Rs 4.5 lakh by seven persons on the pretext of helping start his e-commerce business. An FIR was lodged against them on Saturday for cheating and fraud.
According to police, businessman Sumit Kumar, a resident of Sector 15, had filed a complaint against seven accused identified as Sameer Suman, Aditya Birla, Sumeet Goyal, Deepak Aggarwal, Mayur Maidh, Vajinder Pal and Anubhav Bhatia alleging that he had paid them a fee of Rs 4.5 lakh for setting up his business through multilevel marketing. However, the business never took off.
Latest Comment

Please be aware of this (money sucking)Scam. Please do not forget to share this and save your friends and country financ... Read More
Atul Gupta
SEE ALL COMMENTSADD COMMENT
Kumar told the cops they had contacted him around November 2014, pretending to work for an e-commerce company based in Bangalore. "They told me if I agree to get into a venture with them, then I can start earning well within a few months. I met them in a hotel in Connaught Place in Delhi on December 18, 2014. I handed them a demand draft for Rs 4.5 lakh in the name of Vihan Direct Selling India Limited. It was cashed on January 31, 2015. A few days later they stopped all communication," he said.
The case was assigned to the cybercrime cell and after a yearlong investigation the allegations were found to be true. Subsequently, the FIR was lodged under sections 420 (cheating), 409 (criminal breach of trust by banker or agent), 120B (criminal conspiracy) of IPC, sections 3, 4, 5 of prize chit and mone cir schemer act and sections 3, 4, 16 of Haryana protection of interest of deposits Act under sections 420 (cheating), 409 (criminal breach of trust by banker or agent), 120B (criminal conspiracy) of IPC, sections 3, 4, 5 of prize chit and mone cir schemer act, 58-B of RBI ACT and sections 3, 4, 16 of Haryana protection of interest of deposits act, said inspector Naresh Kumar.

Dev

1 year ago

YOU CAN REPORT ANY FRAUD BY ANY PONZI SCHEME TO THE FOLLOWING (DEPENDING ON THE CITY IT HAPPENED). SEND YOUR COMPLAINT BY REGISTERED AD OR VISIT PERSONALLY AND TAKE A STAMPED ACKNOWLEDGEMENT. THIS WILL ALSO ENSURE THAT IF ANY MONEY IS DISBURSED FROM ANY SEIZING OF ASSETS/MONEY UNDER ACTS LIKE MPID ACT, YOU WILL BE ABLE TO LAY A CLAIM

THE FULL LIST FOR EVERY STATE IS AVAILBALE AT https://rbi.org.in/commonman/Upload/English/Content/PDFs/LNA100112C_M.pdf

FOR MAIN METROS, THIS IS THE ADDRESS

MUMBAI

THE JOINT COMMISSIONER OF POLICE (EOW)
MUMBAI POLICE
Ground Floor, Annexe 2 Building
Police Commissioner Office
Crawford Market, Mumbai - 400001

DELHI

Deputy Commissioner of Police
Economic Offences Wing
Delhi Police
Mandir Marg
New Delhi 110001

BENGLURU

Cyber Crime Police Station,
CID Annexe Building, Carlton House,
# 1, Palace Road,
Bangalore - 560001.

CHENNAI

Deputy Commissioner of Police(EOW)
Chennai Police
Economic Offences Wing CID
C 48, II- Avenue, TNHB, 3rd Floor,

Anna Nagar, Chennai-40.

HYDERABAD

Office of the Addl.Director General of Police,
Crime Investigation Department
Andra Pradesh at RBVRR Telangana State Police Academy,
Himayatsagar,Hyderabad-500091, Telangana State

NOTE: YOU CAN CHECK WHERE THE ECONOMIC OFFENCES WING (EOW) OF YOUR STATE/CITY IS LOCATED AND VISIT PERSONALLY AND LODGE A COMPLAINT

REPLY

Ashwani Mulsoo

In Reply to Dev 1 year ago

Please tell me how to get these guys behind the bars, i know few people who are doing same fraud and approached me also for money. Let me know how to get them behind the bars.

Dev

1 year ago

http://www.thehindu.com/news/cities/bang...

Six persons have been arrested for allegedly running a marketing scam through the company Qnet.

According to the police, the company is engaged in a ‘chain link multilevel marketing’ scam. Persons were encouraged to pay Rs. 2,500 and join as ‘members’ with the promise of high commissions for getting more members into the organisation, said the police who received ‘numerous’ complaints. Over 100 people were ‘duped’ into joining, says a police release.

Members could offer ‘packages’ that cost between Rs. 40,000 and Rs. 3.75 lakh, and would get commissions up to 30 per cent for enticing others to avail these packages.

The Central Crime Branch, fraud and misappropriation squad, raided the company’s office at Byappanahalli on March 13 and arrested six persons. A release said Amit Soni (34), Ashok Sharma (33), Rakesh M. (33) – all from Mumbai – Nikunj Kumar (29), Avinash Shah (32) and Ankit Kandel (34) – all from Kolkata – were arrested.

However, a company spokespersons said the charges are ‘baseless’ and the operations – which includes networking – had been ‘misconstrued’ as a Ponzi scheme.

Dev

1 year ago

http://www.thehindu.com/news/cities/bang...

Six persons have been arrested for allegedly running a marketing scam through the company Qnet.

According to the police, the company is engaged in a ‘chain link multilevel marketing’ scam. Persons were encouraged to pay Rs. 2,500 and join as ‘members’ with the promise of high commissions for getting more members into the organisation, said the police who received ‘numerous’ complaints. Over 100 people were ‘duped’ into joining, says a police release.

Members could offer ‘packages’ that cost between Rs. 40,000 and Rs. 3.75 lakh, and would get commissions up to 30 per cent for enticing others to avail these packages.

The Central Crime Branch, fraud and misappropriation squad, raided the company’s office at Byappanahalli on March 13 and arrested six persons. A release said Amit Soni (34), Ashok Sharma (33), Rakesh M. (33) – all from Mumbai – Nikunj Kumar (29), Avinash Shah (32) and Ankit Kandel (34) – all from Kolkata – were arrested.

However, a company spokespersons said the charges are ‘baseless’ and the operations – which includes networking – had been ‘misconstrued’ as a Ponzi scheme.

Atul Gupta

1 year ago

Please be aware of this (money sucking)Scam. Please do not forget to share this and save your friends and country financially.

Though this is very lenghty as everything is executed as per the script, this will be interesting.

There are thousands of people who already lost their hard-earned money. If you are someone who can get a personal loan easily(IT employee) then you should definitely be aware of this.

Here's the story:

1. Your Friend(Someone you know) calls you and says that they are into a business recently and they are getting good return from it and says a lot about you just to create interest in you and also says that they will be quitting their job in a month or two.

2. After a gap of 2 or 3 days they call you again and says that there is one position in their business and he says that from the last conversation with you he felt that you are interested in it.

3. He says that their senior partners is in city and he will arrange business meeting with them and asks for your feasibility by giving you two options(any two days).

4. After finalizing the date, he informs you to come in formals and with resume. He gives a lot of hype about the person who will be meeting you.

5. Venue will normally be in any of the five star hotels or coffee shops.

6. Your friend meets you at the venue and gives hype about the person again and then makes you wait for some time.

7. As per their plan, someone comes in between and says that you are so lucky to get this oppurtunity to meet their senior partner and again a lot of bla bla about him.

8. Now the senior partner enters and starts the conversation. He tries to get to know about you. In the backgroud he will be calculating on how much you can invest in their business based on your job experience and income.

9. After the sufficient information is gathered, they will cast their spells on you by saying, are you happy with what you are getting monthly? Are you financially independent? If something suddenly happens to your job, how can you support your family?

And this goes on for atleast an hour, he brain-washes you fully and brings you under his control.

10. Nowhere till now he mentions what their business is and what you have to do. After they feel that you are the person(bakara) they are looking for, he says as a team we will have tasks and they are very easy.

11. They will not give you much time to think and says there are many people for this position and as your friend is very hard-working and bla bla they will give you this oppurtunity.

12. Many lies will be sold to you just to make you sign up at this stage.

13. All in all they makes it appear as its a very easy money making business and you got the oppurtunity only bacause of your friend. They promise you that the returns will be in crores.

14. Based on the information they have regarding you, they will quote the amount from 50,000 to 10,00,000.

15. They also highlights their brand ambassadors and the programs/events they sponser.

Facts about this:

1. Name could be QNet, QI Group, Vihaan India, Quest, Gold quest. Name changes frequently. It is a Hong Kong based company.

2. It is a chain business (which they won't agree to call it like that). You will get commission for referring. Person on top gets the amount whenever a new person joins under him or under those referred by him.

3. Just to call it legal, they sell products for the money taken from you. Products will be of no quality but with high prices. They do not have service centers in India. If there is any problem you have to send the products to Dubai with your own expenses.

4. There will be sessions conducted every 2-3 days on how to cheat people.

5. Most shocking thing you hear after joining is that you have to make your family members part of it.

6. Brain washing sessions includes writing down your dreams, contact list and separating them into categories and approaching each and every one in the same way that you were approched.

7. You will have to travel to Dubai, Malaysia or somewhere where people from all over the world doing this will come together. Importantly when you put this in FB, many in your friends list will become easy prey for you upon your return.

Once you are into it, you either have to cheat others the same way or you have to forget your money

One Best Part about this:

They have a refund policy and if you want to get out of this within 30days, your money will be refunded.

REPLY

Farhan mahmood

In Reply to Atul Gupta 1 year ago

i think you are putting too much effort here. directly go to website of company qnet.net
and study the business. Direct selling is a 100 year old, 200 billion dollar industry and qnet is 17 years old, Just small part of it. yes, it is fastest growing in Asia and middle east.
I think you are panicking for the right reason that India itself is behind in direct selling laws, and hence qnet and qnet IRs have to make new prospect understand the business unfortunately.
So do good research or else you are missing on a big Industry

Ashwani Mulsoo

In Reply to Farhan mahmood 1 year ago

Looks Farhan is also a part of this so called exponentially grown company and is earning in Crores now(ROFL)..

Atul Gupta

In Reply to Farhan mahmood 1 year ago

Farhan tell me your IR ID please. When fid you join Qnet. Give me your address and telephone no also.

Agyat Vyakti

1 year ago

Off the topic. This is just for awareness.. Qnet and MLM are using friends and relatives to dupe you... You may like to read Qnet modus operandi with screen shots and facts and how to avoid them here ... Please share for public interest.. Qnet Scam in India http://qnetindiascam.blogspot.in/

Agyat Vyakti

2 years ago

Yes together we can destroy qnet.. To help people from trap of online ponzy schemes like qnet which will come in future. Alexa and online site statistics can save you. I reccomend you to read this to save yourself from friends and relative who work for qnet http://qnetindiascam.blogspot.in/ share it . I need to populate this.

xman yman

2 years ago

Read here how to save from Qnet Scam done by relative and friends http://qnetindiascam.blogspot.in/

xman yman

2 years ago

Read here for how to save yourself from Qnet Scam done by relatives and friends http://qnetindiascam.blogspot.in/

Be Fashionable

2 years ago

QNET- IRs Fraud
Myriads of Lies

You must have heard about QNET from somebody –friend, relative, family member or are curious about

it. That’s why you have started reading the article. Yes, its true people in QNET/ the IRs of QNET tell you

a bunch of lies, hidden truth, secrecy and after you sign up and buy a product around worth 3lac, 5lacs

or higher then will they reveal the reality of how to do the business as they say, “WHY? is more

important than HOW? ”. I will tell in the detail why they ask for 3lac or higher rather than any normal

product worth 30k from their website. Not just that, I will discuss briefly about the products and how

lies

Let’s dig in how a plan is shown by the IRs. An intriguing story indeed.

Prologue of the plan- The new IR (who has been bakra-ed) will listen to the 5+3 audio of Sachin Gupta(in

senior leadership) couple of times and call one of the persons from his name list and says, “Hey man.

What’s hap? Etc. I have started a big business/project…etc…”, then they will call you for a plan at a café

(CCD) or a good hotel then the talks starts…

Attention!!

They start from introduction and talk highly of the senior leader and behave properly infornt of him/her

etc….Then the senior one comes… again intro…. They show the ESBI quadrant models etc and tell that

we running short of bandwidth and need one or two persons but they actually require more and more

people to sign up and but the products so that they get commissions. Now comes the vertical /LOP( line

of products)

Then the three questions come:-

1. Why do you want to do business?

2. Who will take the decision if you agree to start?

3. How much liquidity do you have or you can arrange?

If they get satisfactory answer about it then they go further about the products else they keep on asking

the same questions and try to get yes for the answer and make to start the business like “mentally

ready” words like that.

- Luxury items (watches by- Bernerd H. Mayer and Chairos Swiss Made) both solely owned by QNET and

the price and quality are not in sync though they say they come before Rolex and others in international

rankings of watch makers. Along with that the jewelry items are also not up to the standard but are

charged highly.

Vacation Packages- Ahem! Ahem! Correction needed. They don’t offer vacation packages rather hotel

packages but name it as holiday packages, vacation packages, etc. It costs around 3lac, 5lac etc which

are valid for 30 years and you can travel on 7 week max for a time, and for 3lac-on alternate years and

so on. The resorts are owned by QNET and other hotels (mostly 3-star or 4-star) they have tied up. Let’s

have a calculation:

15times in 30 year(on alternate years) x 7 days per each time you go= 105days

105 days for Rs. 3, 00, 000/-

Per day= Rs 2857/-

Not just that, we have to pay again on booking the hotel/resort like 11000/- INR to 25000/- INR called

Xchange Fee according to the room we need.

So how do you think the calculation per day would go? Let’s take a look.

Now if you pay 11000/- INR --- Per day charge= 2857+ (11000/7)=4428 INR

Similarly for 25000/- INR --- Per day charge= 2857+ (25000/7)=6428 INR

The Xchange fee may vary later on the years. God Knows!

Health and Nutrition Now this vertical is a big joke. People will buy Bio Disc a simple glass disc said to

have energy correction and a lot of nonsense and can cure/ reduce the diseases effects. Moreover, the

water will also have better properties if the glass is over the Bio Disc. If that is so, the fertilizers added to

the vegetables and fruits will turn into minerals and will help in growth of the human beings.

Even the other products are substandard.

Telecommunications They have a SIM which will cost less for international calls. That has already a

steep competition from other network providers.

Cloud Computing They have a small could storage space like Dropbox and Google Drive and are no

comparison to the later ones.

Water Purifier Its LOL! Far better are of Aqua Gard and the new ones which has RO and UV.

Swiss Education Package This package has no value as it’s not recognized around the world.

There are some more products which are worthless

Okay, the LOPs are now over.

They just give a brief idea of it and hardly show and demo/experiment as they know it’s of no use.

When someone asks about the website what is there in the website; you and I are sitting and I will

suffice as I am able to tell you about the products.

The biggest scam thing to know about QNET India is that before it became QNET it was Gold Quest

and other names and kept on changing names when fraud activities, cheating was registered against

them. Moreover, they now sell the products under Vihaan Direct Selling Pvt. Ltd. Rather than any

QNET.


BEWARE OF

SATYARANJAN DASH
SWAPNA SAGARIKA DASH
AMLAN PRUSTY
SOUMYA RANJAN MISHRA
SHRITI BHOWMICK
SRIKANT KUMAR PARIDA
PRATYUSHA PATRA
SARADA MISHRA
SMRUTI MISHRA
SOURAV PRUSTY
.......MANY MORE

QNET- IRs Fraud

REPLY

xman yman

In Reply to Be Fashionable 2 years ago

Read here for how to save yourself from Qnet Scam done by relatives and friends http://qnetindiascam.blogspot.in/

Be Fashionable

2 years ago

QNET- IRs Fraud
Myriads of Lies

You must have heard about QNET from somebody –friend, relative, family member or are curious about

it. That’s why you have started reading the article. Yes, its true people in QNET/ the IRs of QNET tell you

a bunch of lies, hidden truth, secrecy and after you sign up and buy a product around worth 3lac, 5lacs

or higher then will they reveal the reality of how to do the business as they say, “WHY? is more

important than HOW? ”. I will tell in the detail why they ask for 3lac or higher rather than any normal

product worth 30k from their website. Not just that, I will discuss briefly about the products and how

lies

Let’s dig in how a plan is shown by the IRs. An intriguing story indeed.

Prologue of the plan- The new IR (who has been bakra-ed) will listen to the 5+3 audio of Sachin Gupta(in

senior leadership) couple of times and call one of the persons from his name list and says, “Hey man.

What’s hap? Etc. I have started a big business/project…etc…”, then they will call you for a plan at a café

(CCD) or a good hotel then the talks starts…

Attention!!

They start from introduction and talk highly of the senior leader and behave properly infornt of him/her

etc….Then the senior one comes… again intro…. They show the ESBI quadrant models etc and tell that

we running short of bandwidth and need one or two persons but they actually require more and more

people to sign up and but the products so that they get commissions. Now comes the vertical /LOP( line

of products)

Then the three questions come:-

1. Why do you want to do business?

2. Who will take the decision if you agree to start?

3. How much liquidity do you have or you can arrange?

If they get satisfactory answer about it then they go further about the products else they keep on asking

the same questions and try to get yes for the answer and make to start the business like “mentally

ready” words like that.

- Luxury items (watches by- Bernerd H. Mayer and Chairos Swiss Made) both solely owned by QNET and

the price and quality are not in sync though they say they come before Rolex and others in international

rankings of watch makers. Along with that the jewelry items are also not up to the standard but are

charged highly.

Vacation Packages- Ahem! Ahem! Correction needed. They don’t offer vacation packages rather hotel

packages but name it as holiday packages, vacation packages, etc. It costs around 3lac, 5lac etc which

are valid for 30 years and you can travel on 7 week max for a time, and for 3lac-on alternate years and

so on. The resorts are owned by QNET and other hotels (mostly 3-star or 4-star) they have tied up. Let’s

have a calculation:

15times in 30 year(on alternate years) x 7 days per each time you go= 105days

105 days for Rs. 3, 00, 000/-

Per day= Rs 2857/-

Not just that, we have to pay again on booking the hotel/resort like 11000/- INR to 25000/- INR called

Xchange Fee according to the room we need.

So how do you think the calculation per day would go? Let’s take a look.

Now if you pay 11000/- INR --- Per day charge= 2857+ (11000/7)=4428 INR

Similarly for 25000/- INR --- Per day charge= 2857+ (25000/7)=6428 INR

The Xchange fee may vary later on the years. God Knows!

Health and Nutrition Now this vertical is a big joke. People will buy Bio Disc a simple glass disc said to

have energy correction and a lot of nonsense and can cure/ reduce the diseases effects. Moreover, the

water will also have better properties if the glass is over the Bio Disc. If that is so, the fertilizers added to

the vegetables and fruits will turn into minerals and will help in growth of the human beings.

Even the other products are substandard.

Telecommunications They have a SIM which will cost less for international calls. That has already a

steep competition from other network providers.

Cloud Computing They have a small could storage space like Dropbox and Google Drive and are no

comparison to the later ones.

Water Purifier Its LOL! Far better are of Aqua Gard and the new ones which has RO and UV.

Swiss Education Package This package has no value as it’s not recognized around the world.

There are some more products which are worthless

Okay, the LOPs are now over.

They just give a brief idea of it and hardly show and demo/experiment as they know it’s of no use.

When someone asks about the website what is there in the website; you and I are sitting and I will

suffice as I am able to tell you about the products.

The biggest scam thing to know about QNET India is that before it became QNET it was Gold Quest

and other names and kept on changing names when fraud activities, cheating was registered against

them. Moreover, they now sell the products under Vihaan Direct Selling Pvt. Ltd. Rather than any

QNET.


BEWARE OF

SATYARANJAN DASH
SWAPNA SAGARIKA DASH
AMLAN PRUSTY
SOUMYA RANJAN MISHRA
SHRITI BHOWMICK
SRIKANT KUMAR PARIDA
PRATYUSHA PATRA
SARADA MISHRA
SMRUTI MISHRA
SOURAV PRUSTY
.......MANY MORE

QNET- IRs Fraud

KRISHNA KUMAR GUPTA

2 years ago

I have been following the QNET news and their activities since long.
At some point of time, I used to be an IR of QNET after a VERY CLOSE-FRIEND (not now) of mine took money from me without letting me know and put my hard earned money into this "BUSINESS".
However, as my friend pleaded, I somehow accepted the situation and just to recover my money I did the same what my UPLINES used to say.
But soon, I faced one of the worst experiences of my life due to this "BUSINESS".
In an attempt of “HOT CLOSURE” I lost many relations, friends, teachers, peace of mind, and lost my precious goodwill to my close people.
I felt like "WAKE UP AND SMELL THE COFFEE" (a phrase frequently used by "PATHMAN"). However, it has been more than two years, I left this SCAM, but it am still suffering in my mind due to my mistake of accepting this "BUSINESS".
My friend is still in this business and I cannot complaint against him as he used to be my friend, a good friend. This is reason why most of the time QNET gets escaped.
Basically, we are the main culprits who keep quiet thinking of our friends and relatives who are part of this scam. As a result, the Society and other innocent people are suffering.
Another culprits are the media and India organizations like IIFA, and other Indian NGOs who are partnered with QNET.
Now Philanthropy activities are being used by such people and companies as a shield to cover their crimes and to gain goodwill in society.
I cannot imagine that how a company who is barred to do direct selling business in INDIA and is charged with scams can host a tennis or badminton tournaments, sponsor Bollywood award ceremony, and many more.
The IRs use such news to gain faith of the innocent people are trapped into business, like me.

In such a scam-friendly society of India, awareness is very important. I must thank Moneylife to spread awareness against such crimes, and also thank to Gurupreet Singh Anand for standing against such crime.

REPLY

xman yman

In Reply to KRISHNA KUMAR GUPTA 2 years ago

Read here for how to save yourself from Qnet Scam done by relatives and friends http://qnetindiascam.blogspot.in/

Share it

Vaibhav Dhoka

In Reply to KRISHNA KUMAR GUPTA 2 years ago

You have perfectly labelled our society as SCAM friendly.Ans as part of society our regulator SEBI,RBI police are more(excess) friendly with scamsters.But we all have to blame our self that we don't learn from previous experience. Moneylife has taken aw-some efforts to educate Indians without which more SCAMS would have taken place.Hats off to Moneylife.

xman yman

In Reply to Vaibhav Dhoka 2 years ago

Read here for how to save yourself from Qnet Scam done by relatives and friends http://qnetindiascam.blogspot.in/

Share it

SuchindranathAiyerS

2 years ago

It is not for nothing that cash is "liquid". Money always finds a way around such impediments. Particularly in an India where, over 70 years, the only skill and knowledge that the erudition, culture, arthmetic, and integrity challenged judges and lawyers have is the ability to operate currency note counting machines. As for spine and integrity, most of it was destroyed by the Moslem and British occupation. What remained has almost completely been eradicated by the Indian Republic.

REPLY

xman yman

In Reply to SuchindranathAiyerS 2 years ago

Read here for how to save yourself from Qnet Scam done by relatives and friends http://qnetindiascam.blogspot.in/

Share it

swarup

2 years ago

Good this needs to be more in depth investigation required... Some IRS of QNET are really doing fraud and taking cash by force from people ad asking to get into business. request people to take care of such culprits.

Sunil Rebello

2 years ago

Dear All,
This case smacks of smart / rich / talented people being duped by scammers who lie in wait to rob the innocent citizen of their hard earned wealth, because of their greed.
these scammers have no ethics or morals - their only aim is to get rich by hook or by crook, with any backing (political & / with Law enforcers) who they buy out with hefty bribes.
may GOD bless the innocent with peace of mind in order that they can swallow /accept their loss.
many years I also was duped by an entity called Suman Motels.

Deepak B

2 years ago

AMAZING NEWS!!!!!!!
QNET Days are numbered.
I wonder what lies explanation will the poor new IRs be given by the so-called up lines.
Please wake up guys and and complain to EOW if u haven't still.
Before it's too late and u r caught in a trap that u can't get out from. Jaago tab Savera.

REPLY

xman yman

In Reply to Deepak B 2 years ago

Read here for how to save yourself from Qnet Scam done by relatives and friends http://qnetindiascam.blogspot.in/

Share it

Deepak B

2 years ago

AMAZING NEWS!!!!!!!
QNET Days are numbered.
I wonder what lies explanation will the poor new IRs be given by the so-called up lines.
Please wake up guys and and complain to EOW if u haven't still.
Before it's too late and u r caught in a trap that u can't get out from. Jaago tab Savera.

REPLY

xman yman

In Reply to Deepak B 2 years ago

Read here for how to save yourself from Qnet Scam done by relatives and friends http://qnetindiascam.blogspot.in/

Share it

jitu moni

2 years ago

Hope they get arrested and their property seized soon

Hema Malini's dance academy destroyed mangroves on previously allotted land, RTI reply reveals
Hema Malini was allotted a land at Versova village, but her Trust was issued a notice by the Collector's office for destroying mangroves on adjoining plot, a violation of CRZ
 
Bharatiya Janata Party (BJP)'s member of Parliament (MP) Hema Malini's dance academy had on previous occasion destroyed mangroves on the land allotted, thus violating the Coastal Regulation Zone (CRZ) Act, reveals a reply received under the Right to Information (RTI) Act.
 
As per the information received by RTI activist Anil Galgali, in 1997, the now BJP MP was allotted a plot admeasuring 1,741.89 sq meters at Versova village for the dance academy. Hema Malini's Natyavihar Kala Kendra Charity Trust paid Rs10 lakh to obtain a letter of intent. 
 
However, after finding some issues, the Mumbai Suburban District Collector on 28 August 1998 issued a show cause notice to the Trust. The notice states difference in the area of land allotted and area mentioned in the project report submitted by the Trust. Since the Trust had submitted a report that shows just 25% of funds available as against the project cost, the government asked the Trust's plans to raise the balance. 
 
The Mumbai Suburban District Collector's letter also specifically states about destruction of mangroves by the Trust on adjoining land, which according to it was violation of CRZ.  The show cause notice, which sought an explanation within 10 days, was not even responded to by the Trust, nor did the Collector's office take any action, Galgali said.
 
Since a portion of that land was effected with CRZ regulations, Hema Malini had not undertaken any construction on the land and instead sought another land from the government. On 23 December 2015, the government allotted 2,000 sq Mtrs from a total land admeasuring 29,360.50 sq mtrs reserved for Garden in Ambivili village near Andheri.
 
Galgali said, "On the basis of the facts before the government, the new land allotment was initiated by this govt by ignoring the previous violations and the Principal Secretary (Revenue) also overlooked the issue by not going through the past records. Serious violation of destruction of mangroves was overlooked and while taking no action the issue was glossed over and the new government has misused the rule of valuation of 1976 and allotted another land in lieu of the old one for pittance Rs 70,000 at village Ambivili admeasuring 2,000 sq mtrs and the land being reserved for Garden." 

User

Nifty uptrend broken – Tuesday closing report
A close below 7,400 will push Nifty lower
 
We had mentioned in Monday’s closing report that Nifty, Sensex might head higher subject to dips and that Nifty has to stay above 7,500 for the rally to continue. The major indices of the Indian equity markets suffered a sharp correction of over 1% over Monday’s close and went below 7,500. The trends of the major indices in the course of Tuesday’s trading are given in the table below:
 
Today, the RBI, in its last bi-monthly credit policy review on Tuesday for FY2015-16 has kept repo, reverse repo, cash reserve ratio (CRR) and bank rate unchanged. With repo rate remaining at 6.75%, the reverse repo rate under the liquidity adjustment facility (LAF) will remain unchanged at 5.75%, and the marginal standing facility (MSF) rate and the bank rate at 7.75%. In a statement, RBI Governor Dr Raghuram Rajan said, "The Reserve Bank continues to be accommodative even as it leaves the policy rate unchanged in this review, while awaiting further data on the development of inflation. Structural reforms in the forthcoming Union Budget that boost growth while controlling spending will create more space for monetary policy to support growth, while also ensuring that inflation remains on the projected path of 5% by the end of 2016-17."
 
"The current momentum of growth is reasonable, though below what should be expected over the medium term. Underlying growth drivers need to be rekindled to place the economy durably on a higher growth trajectory. The revival of private investment, in particular, has a crucial role, especially as the climate for business improves and fiscal policy continues to consolidate. The Indian economy is currently being viewed as a beacon of stability because of the steady disinflation, a modest current account deficit and commitment to fiscal rectitude. This needs to be maintained so that the foundations of stable and sustainable growth are strengthened," he added.
 
Initially, the bellwether indices of the Indian equity markets opened on a firm note as investors anticipated an easing of key lending rates. However, sentiments were soon subdued following the RBI’s decision to keep the repo and reverse repo rates unchanged in the current fiscal's final bi-monthly monetary policy review. Ignoring the clamour for an easing of monetary policy as an instrument to boost the fledgling economic growth, India's central bank maintained its short-term lending rates. RBI's decision and flat Asian markets dented sentiments. The S&P BSE market breadth favoured the bears -- with 1,332 declines and 1,099 advances. 
 
The industrial output index for India's eight core industries registered a rise in December 2015, pushed up by higher coal, refinery products, fertilizers, cement and electricity output. The index representing major infrastructure sectors had recorded a fall in November 2015. The index showed a rise of 0.9% in December 2015 on a month-on-month basis, compared to the 1.3% decline in November, official data showed on Monday. The core industries grew 3.2% in October last year. However the select factory output index for December is less than the growth of 3.2% achieved during the corresponding month in 2014, a commerce ministry release said. This index comprises 38% of the total weightage of items included in the Index of Industrial Production (IIP). Its cumulative growth from April to December 2015-16 stood at 1.9%, as compared to 5.7% during the corresponding period of 2014-15. Out of the eight core industries, fertilizers and coal reported healthy output numbers. However, production of oil, natural gas, and steel dwindled in the period under review.
 
Coal mining, with a 4.38% weightage, increased by 6.1%. The sub-index for natural gas output, with a weightage of 1.71%, slipped by 6.1% in the month under consideration. The fertilisers manufacturing with a weightage of only 1.25% rose exponentially by 13.1%. Steel declined by 4.4% in December 2015.
 
The US stocks pared early losses to end mixed on Monday, as investors assessed a batch of generally negative economic reports. The Dow Jones Industrial Average fell 17.12 points, or 0.10%, to 16,449.18. The S&P 500 edged down 0.86 point, or 0.04%, to 1,939.38. The Nasdaq Composite Index rose 6.41 points, or 0.14%, to 4,620.37. The US personal income increased $42.5 billion, or 0.3%, and disposable personal income increased $37.8 billion, or 0.3%, in December, the Commerce Department said on Monday. In a separate report, the department announced that the US construction spending during December 2015 was estimated at a seasonally-adjusted annual rate of $1,116.6 billion, 0.1% above the revised November reading but missing market consensus of a 0.6% gain. Meanwhile, the US January purchasing managers' index (PMI) registered 48.2%, an increase of 0.2 percentage point from the seasonally-adjusted December reading, the Institute for Supply Management (ISM) said on Monday. A reading above 50 indicates the sector is generally expanding, while a reading below that level indicates contraction. The weaker-than-expected economic data raised expectations that the US Federal Reserve would go slow on future interest rate hikes.
 
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 in the table below:
 

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