QNet: Cyberabad Police Arrests 58 Members of the MLM in Fraud and Cheating Cases Worth Rs1,000 Crore
Continuing to crack the whip against agents of controversial multi-level marketing (MLM) companies, the Cyberabad City Police has arrested 58 independent representatives (IRs) of QNet for their involvement in 14 cases of fraud and cheating worth Rs1,000 crore. Those arrested by the police include three bank employees. 
 
According to VC Sajjanar, commissioner of police at Cyberabad, primary investigation reveals that those arrested by the police have cheated unemployed youth under the pretext of giving them a job and collected around Rs1,000 crore in the MLM scam.
 
Sajjanar CP, QNet, Cyberabad Police, QNet Arrest

"Total 58 persons were arrested in 14 cases, which were registered against QNet and Vihaan Direct Selling Pvt Ltd in different police stations of Cyberabad are arrested. The godown of Vihaan Direct Selling at Bangalore and the office of Transview Enterprises (a marketing agency for QNet products) are seized. An amount of Rs2.7 crore in the bank account of Vihaan Direct Selling is frozen. The bank accounts of accused persons involved in the cases are also seized," Mr Sajjanar says.

According to the commissioner, this is a case of cheating by the Vihaan Direct Selling Pvt Ltd, a sub-franchisee of QI Group in India marketing under brand name of QNet. He says, "This case is cracked down by the sleuths of Cyberabad in various parts of Telangana, Andhra Pradesh, Bengaluru and Delhi, in which 58 persons were arrested in 14 cases, which were registered against Vihaan Direct Selling in different Police Stations of Cyberabad. There are total 30 cases registered on QNet Cyberabad. There are eight cases, which are under investigation with crime investigation department of Telangana Police."

 

 
Talking about the modus operandi of QNet and Vihaan, Mr Sajjanar says, at first the QNet and Vihaan promoters say to the new comers that there are various business projects such as cost optimization business, health and wellness products, watches and jewellery, personal care and beauty, tour packages, education packages (SMC MBA Certification). "The promoters trap the new comers with sweet words stating that they will be a part of the QNet Kingdom where they can build their own future. They say that if the new comers who paid money do not like QNet business packages, they can claim their refund within a month. But in fact, the promoters will drag the one month period by giving motivational classes, training sessions and also providing books such as 'The Parable of the pipeline', 'Questions are the answers', 'The Business School', 'Who Stole the American dream', 'The Copycat Marketing 101' and 'Talk the talk', to the newcomers and tell them to read all the books to gain knowledge over the business. Once the new comer joins into the QNet or Vihaan business through a referrer or promoter he becomes IR. After paying the money, the new comer gets some products and the promoter gets commission. The promoter then says to the IR that to get money he/she has to enrol two other members and they in turn join two each other new comers. As the number of persons increases down the line, the upline get more money as commissions."

"The QNet and Vihaan business model is a simple pyramid scheme in which the early entrants earn money and as the number of IR increases, finding more IRs (new comers) to join becomes difficult or impossible. IRs that joins late does not earn enough to cover their first outlay and the model collapses. It works as a binary scheme. Down the line, the number of persons to be joined becomes difficult or impossible. The scheme collapses at a point of time," the Cyberabad police commissioner added.
 
Out of the total 58 persons arrested, 51 are from Hyderabad, five from Bengaluru and one each from Delhi and Eluru.
 
Earlier in September 2016, the Hyderabad police had arrested four IRs, Sreenath Konda, Prasanna Kumar Reddy, Kanchana Vobbilichetty and Beemarthi Dhan Raj, for cheating about 200 people under the pretext of giving a job and collecting around Rs2 crore to Rs3 crore. 
 
Hyderabad police has been warning public not to indulge or make any investment in QNet and Vihaan Direct Selling in any form. "As per law every member who promotes such business and enlist other members also will be prosecuted treating as promoters of multi-level marketing, chain system business," it says.
 
Last year in September, QNet, the controversial MLM company had to cancel V-Con, its high-profile, flagship annual event that was scheduled to be held in Dubai.
 
Later in mid-September, the MCI from Saudi Arabia raided meeting places of QNet in that country. “QNet marketing activity aims to mislead and deceive dealers and clients with quick profit. Therefore, they try to raise money illegally by claiming that they are investing such money. This kind of activity is considered illegal because it depends on deceiving, cheating, fraud and manipulation,” the Ministry had said in a release. (Read: QNet: Saudi Arabia Raids Meeting Places of the Banned MLM
 
Under a resolution, MCI has banned QNet marketing activity in Saudi Arabia. This includes prevention of QNet or Pyramid marketing, and also the prevention of making advertisement or promotion for such activity by any means. This is in addition to the Ministerial Decree issued by the Ministry of Interior, which stipulates that the financial fraud issues are considered crimes punishable by arrest. 
 
In November 2018, QNet and its franchisee Vihaan Direct Selling (India) Pvt Ltd, both of which often try to hide behind the 'direct selling or product company' tag failed to make an entry into the list of direct selling entities in India. (Read: QNet and Vihaan Fail to Make Entry in the List of Direct Selling Entities in India)
 
There are several court cases and probe going on against QNet, its franchisee Vihaan and many people associated with the MLM scheme. In fact, three year ago, the Bombay High Court, in its judgement has observed "the deceit and fraud is camouflaged under the name of e-marketing and business."
 
While rejecting anticipatory bail applications of five accused in the multi-crore QNet scam, Justice Mridula Bhatkar, in a hard-hitting order on 6 May 2016, had 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." 
 
"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," Justice Bhatkar had remarked. (Read: 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)
 
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 had 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.” (Read: QNet: Secret SFIO report says MLM, Ponzi schemes ‘a threat to national security’)
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    User

    COMMENTS

    Jashuva Jashuva

    4 months ago

    Hi sir i am jashuva nenu qnet lo mosapoyanu.nenu ₹ 15000 many kattanu, motham many kattina tarvata qnet ani chepparu. na friends valla aa company ki vellanu.

    Office place:
    ( Bangalore state, indranagar, Tippasandra market.)

    My friends number:
    1 raju: 6301756705
    2 somaraj: 9182492164
    3 Dhilli: 6361277601

    Head: vinod upline: 9441795355

    Officelo motham 250 mandi unnaru plz action tisukondi sir

    Amrit Kumar Lodha

    4 months ago

    Vihaan Direct Selling (India) Private Ltd hold all its equity capital
    I have been trapped by one college freind Amit Keyal ,from Calcutta University, who had once been a good friend and kind of a guide as well. I trusted him since college and respected him as I thought him to be a simple good man. But I am so mistaken as I released last year when he forced (by lying and showing confidence in him saying he is always there) me to pay him almost 2 Lakhs (I took a loan to give him that money) which he said he would give me back if I am not able to continue the so called e-commerce business (Qnet). Nothing was explained before the payment was made. all details about how the company works and what do i have to do are told after I was already trapped and had no other way but to follow what they say. They ask you to make friends and tell them that I m into a mind blowing business and henceforth trap the victim. I chose not to cheat people. My money is lost because since then I have called and messaged that so called businessman (traitor) numerous times but in vain and now after an year I have almost lost all hope of getting back my money .
    But I m happy that I didn't turn into one of those kinds going around cheating my own friends and family.
    There are many people making a lot of money out of this totally fraud MLM company. There are other MLM companies as well but they are ethical as they agree to that fact and reveal what a member has to do before trapping someone.

    I Can provide Some Contact details hereunder:

    Q Net Association in Kolkata and all over world.

    Sl.No. Name Mobile No. Mobile No.
    22 Amit Keyal +971-566584028
    4 Ashish +977-9802036176
    1 Avinash +91-9330958969
    2 Dayanad Mittal +91-9920350221
    8 Deepak Kankani +91-9830783316
    20 Hemant Surana +91-8697540123
    18 Murtazir Nazar +91-9051061879
    13 Nishant Gupta +91-9860779185
    19 Saru +91-9830235419
    21 Shyam Chaudhry +91-7506226543 +91-9930136801
    3 +91-8092084462
    5 +91-9980096781
    6 +91-8100058258
    7 +91-8951174594
    9 +977-9845096260
    10 +91-9376518122
    11 +61-411895943
    12 +971-557703213
    14 +91-9930761147
    15 +91-9167780347
    16 +91-9836331256
    17 +91-9038082570
    18 Babita Agarwal+91-9635276465

    Corruption free India

    5 months ago

    qnet refund
    To get refund from Qnet immediatly send product cancellation/refund mail to:
    [email protected]
    [email protected]

    Dear QNET Victims from *Bangalore*

    All the bangalore victims have to go to the CID
    office and meet

    Mrs Shobha
    Room no 2
    New CID Building
    CID Annexe Building
    Carlton house
    Palace Road
    Bengaluru 560001

    G Map -
    https://goo.gl/maps/3D52MaQaesH2

    Timings - Mon to Fri, 11 a.m to 3 p.m

    To do :-
    Mrs Shobha will give you a form and you need to go back home or to a
    cyber cafe... fill this form, answer few questions and bring a printed
    copy back to her.

    Note:- Every form that is given to you has a serial number so please
    do not miss place this form.


    **For All india victims **
    ----------------------

    Please submit a RBI complaint:

    https://sachet.rbi.org.in/Complaints/Add

    Company Name: Vihaan Direct Selling Pvt Ltd.(Qnet)
    Company address: Level 07, Mfar Greenheart, Manyata Tech Park, Hebbal, Outer Ring Road, Bangalore 560045

    Step By step video: https://youtu.be/98LwOZxCc98

    REPLY

    Vijay Raval

    In Reply to Corruption free India 5 months ago

    how to lodge FIR against Vihaan in Gujarat. It is active in Ahemdabad ,Anand,Vadodara

    A Singh

    5 months ago

    Vihaan Direct Selling (India) Private Ltd hold all its equity capital
    I have been trapped by one college freind Amit Keyal ,from Calcutta University, who had once been a good friend and kind of a guide as well. I trusted him since college and respected him as I thought him to be a simple good man. But I am so mistaken as I released last year when he forced (by lying and showing confidence in him saying he is always there) me to pay him almost 2 Lakhs (I took a loan to give him that money) which he said he would give me back if I am not able to continue the so called e-commerce business (Qnet). Nothing was explained before the payment was made. all details about how the company works and what do i have to do are told after I was already trapped and had no other way but to follow what they say. They ask you to make friends and tell them that I m into a mind blowing business and henceforth trap the victim. I chose not to cheat people. My money is lost because since then I have called and messaged that so called businessman (traitor) numerous times but in vain and now after an year I have almost lost all hope of getting back my money .
    But I m happy that I didn't turn into one of those kinds going around cheating my own friends and family.
    There are many people making a lot of money out of this totally fraud MLM company. There are other MLM companies as well but they are ethical as they agree to that fact and reveal what a member has to do before trapping someone.

    I Can provide Some Contact details hereunder:

    Q Net Association in Kolkata and all over world.

    Sl.No. Name Mobile No. Mobile No.
    22 Amit Keyal +971-566584028
    4 Ashish +977-9802036176
    1 Avinash +91-9330958969
    2 Dayanad Mittal +91-9920350221
    8 Deepak Kankani +91-9830783316
    20 Hemant Surana +91-8697540123
    18 Murtazir Nazar +91-9051061879
    13 Nishant Gupta +91-9860779185
    19 Saru +91-9830235419
    21 Shyam Chaudhry +91-7506226543 +91-9930136801
    3 +91-8092084462
    5 +91-9980096781
    6 +91-8100058258
    7 +91-8951174594
    9 +977-9845096260
    10 +91-9376518122
    11 +61-411895943
    12 +971-557703213
    14 +91-9930761147
    15 +91-9167780347
    16 +91-9836331256
    17 +91-9038082570
    18 Babita Agarwal+91-9635276465

    They can provide me the product here under:

    Transaction Summary
    Item Number Product Quantity Total S&H Fee Unit Amount Paid Amount
    1 Mini MBA + eCommerce 1 0.00 1,230.00 1,230.00
    2 Bril Cloud + Bril Net + Bril Voice -
    12-Month 1 0.00 490.00 490.00
    Total Amount Paid : USD 1,720.

    A Singh

    5 months ago

    This Spread all across India

    https://www.complaintboard.in/complaints-reviews/qnet-l330344.html

    Sunitha Rao

    7 months ago

    Few of my colleagues & old college friends have got trapped . And deny that they have got trapped.There are thought to be rebel-lent against all allegations. There are such huge groups in many renowned MNC's in Bangalore. I escaped from loosing my 10 K , people at good positions are getting fooled & carried away by their sweet talks. Govt should stop such things in India, request the cops to look into linked-in for that Qnet frauds & push everyone behind bars.

    REPLY

    Rajesh Naidu

    In Reply to Sunitha Rao 6 months ago

    As Vihaan has put case against the telangana police as a contempt of Supreme Court. No body is fooling. Except u your self I think.

    Sai Rao

    In Reply to Rajesh Naidu 6 months ago

    just shut-up

    Rajan

    7 months ago

    Kingpin (Qnet V-partner) in Hyderabad is Balaji - 9849781000. ED should look for this guy before he moves to Dubai.

    REPLY

    Shantesh Row

    In Reply to Rajan 7 months ago

    Arrest 3 people from Dubai. Vasu Reddy and his wife Renuka Reddy. Plus his cousin Chiranjeevi Reddy. They stay opposite Burjuman in Bur Dubai.

    Rajan

    In Reply to Rajan 7 months ago

    https://www.youtube.com/watch?v=nTTXsK7gov0

    His pic - http://www.qbuzz.qnet.net/wp-content/uploads/2012/11/559638_554588221223943_200647332_n.jpg

    Aditya Rohamare GRAPHPHOTO

    7 months ago

    Please help us, we are from Pune, Maharashtra. We are total 15 people we all got to know its trainees and we all out of it now but we all lost our money. Need help.

    REPLY

    Abhijeet Khake

    In Reply to Aditya Rohamare GRAPHPHOTO 7 months ago

    Join the Pune Victims group on whats app. You can call me on 7768077700

    Rakesh Singh

    In Reply to Abhijeet Khake 6 months ago

    Hi Abhijeet, i am also one of the victim staying in Mumbai. Do you known the number of any such whats app group functioning in Mumbai so that i can get in touch with them?

    Priya Rock

    7 months ago

    Qnet fraud IRs from lucknow name gurmeet singh has trapped my brother into it , my innocent brother easily trapped. I request you people plz make complaint against qnet lucknow also.

    bharathi raja

    7 months ago

    Please help me

    bharathi raja

    7 months ago

    I joined in 2017 and I have been fooled by the qnet member

    Vijaya Joshi

    7 months ago

    These girls stay in Gurgaon and delhi malvinagar area once she told me

    Vijaya Joshi

    7 months ago

    2 of my friends had fooled me .. later on I understood they are in qnet... And I asked them a lot and got my money back... I have their calls recorded... If required please inform.. I didn't believe in their noname business so recoded their calls

    REPLY

    Mridula Sharma

    In Reply to Vijaya Joshi 7 months ago

    Please help me... I have been fooled by my friend/colleague.

    sahu

    7 months ago

    Qnetrs.. please remember you vl rot in prison for years..no Pathan or senathirajan will come to you... even though you guys are shameless, your families will have to Carry the Shame with them.. You guys will Stand in line in white cloths with a bowl in hand for a scoop of rice.No chicken biryani, no icecream..just fast forward your situation..so atleast for the shake of your self leave qnet and leave a peaceful life with your dear ones.... but its hard for you guys to change.becsuse you can't understand simple maths as you guys are absolute morons..Even shit has a value(manure) but you guys cannot be compared shit either..

    REPLY

    wyatt jacob

    In Reply to sahu 7 months ago

    Yes.. you are right they are shameless and they think as they are the one who knows everything and they are not only morons more than that they believe that pathman and senathirajan are gods. I am one of the accused in MLM but I got to know its trueness and I am out of it I lost my money but still I won't leave them they are too many in Hyderabad, Bangalore, and Pune. one guy, I know in Hyderabad his name is Raghu mourya reddy and Vishnu Vardan reddy this guys they say their company name as infinity they will get a ood punishment from all of us and god too seriously

    bokka chakka

    In Reply to wyatt jacob 7 months ago

    Nobody will catch them. People like Raghu. They are big already with political alliances. Only the beginners will suffer. As per this article, it says they seized the accounts. I am pretty much sure they are of people who are 1 or 2 years old in the network. not someone like Raghu Maurya with political backing

    Rajan

    In Reply to bokka chakka 7 months ago

    Include Balaji Kumar also. He is the V-Partner
    https://www.youtube.com/watch?v=nTTXsK7gov0

    SaiVivek Muppidi

    In Reply to wyatt jacob 7 months ago

    Hi Wyatt jacob, could you give me your contact number. I am also in the same situation as you and I want to know more about how to get out of this.

    Ajay kumar

    In Reply to sahu 7 months ago

    How many days in jail for the people who joined qnet?

    sahu

    In Reply to Ajay kumar 7 months ago

    It's won't be for who joined qnet..but who promote and cheat through this.. Can't tell the quantum of sentence but definitely that quantum would satisfy the victims..

    wyatt jacob

    In Reply to Ajay kumar 7 months ago

    in my view they need to be lifelong in jail let their pathman and senathiraju come and release them

    Karnataka to forfeit assets of I Monetary Advisory-IMA that runs money deposit schemes
    Even while the promoter of Heera Gold has been arrested after many long years of complaints to various regulators, another scheme is targeting Muslims with a similar pitch of 'halal' investments. The Karnataka government has issued notice in Times of India (Bengaluru edition) to forfeit all movable and immovable properties of Bengaluru-based I Monetary Advisory Pvt Ltd (IMA) and its promoters and directors. IMA has been found guilty of illegally collecting money from public, diverting the funds to its directors and defaulting on repayments.
     
    This scheme tried to ride on the success of Nowhera Shaik of Heera Gold, who now has multiple first information reports (FIRs) filed against her in various police jurisdictions.
     
     
    The notice issued by assistant commissioner has names of 16 entities, including IMA, its managing director and chief executive officer Mohammed Mansoor Khan, directors Nasir Hussain, Naveed Ahmed Nattamkar, Nizammuddin Azeemuddin, Afshan Tabassum, Afsar Pasha and Arshad Khan. 
     
    "Since it has come to the notice of the government that IMA and its associates have committed an offence by illegally collecting the money from the public and diverting the said funds to its directors' self-interest, thereby committed default in repayment of the depositors money. In this regard, several cases have been registered. As such, the government, exercising its power under section 5 of the Karnataka Protection of Interest of Depositors in Financial Establishment Ac, 2004, has appointed assistant commissioner, Bengaluru, north-sub division as the competent authority to forfeit movable and immovable properties of IMA and its associates, promoters, partners, directors, managers of members of any other person of the company,' read the notice issued in local newspaper.
     
     
    On its website, IMA claims to have presence in bullion trading, educational academies offering pre-primary to higher secondary education, credit co-operative and housing society, health care services and a multispecialty hospital, hypermarkets and supermarkets, infrastructure and real estate development, printing and publishing and retail sales of gold, silver, diamond & platinum jewellery. 
     
     
    Responding to the notice through a post on Facebook, Mr Khan said, "21st November being a public holiday, IMA legal team will take appropriate steps to set things right, which has been deliberately done to sabotage the image of IMA group."
     
     
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    COMMENTS

    Hayat Athif Ahmed

    2 months ago

    If the people become more practical then no one would ever cheat them . In any business it is impossible to make huge profits . All he was doing was rotating the money until he fills up his pocket the day he filled up his pockets he just simply escaped leaving investers behind clueless. Please understand there is no easy way of making money.If we find anything which looks too good to be true then we must understand it is fake

    I just hope people receive Justice

    mohammed riasath

    2 months ago

    Can someone tell me what ever the money invested in IMA can be returned? Is there any source for it.. Please let me know..

    REPLY

    Shakeel Badal

    In Reply to mohammed riasath 2 months ago

    Catch hold all those IMA bhakts who advised to invest in it.
    Don't expect anything from IMA now.

    Syed Ateeq

    2 months ago

    My view here is that it's not the fault of the IMA authorities it's our fault who fall prey to such acts. Have we not seen companies like this who have cheated and still people invest later when they come across such losses they start blaming the company.. tell me is this correct..
    My message to all is that never ever even think of investtimg money in such companies.

    REPLY

    Mehreen Syed

    In Reply to Syed Ateeq 2 months ago

    Don’t push everything under a rug and be like “it’s not the fault of IMA” I understand the message you’re sending out to the public. But u think what IMA did was right?

    Zahur Shaik

    4 months ago

    I think if IMA publish its Quarterly/Yearly financial statements to general public then it can earn public interest and also it helps to increase its business.

    007

    8 months ago

    A small amount of looted money thoeown to call centers which run supporting campaign to all immoral activities,. Democracy has turned into unchecked Mobocracy , Lynchocracy,

    These IMA supporting comments are from their hired call centers,

    We need to educate our community who is still believing in having more kids than quality education,.

    REPLY

    mjnasar khan jamal

    In Reply to 007 8 months ago

    Assalam bros.
    Any body know what kind Bussiness they are doing and How they are earning 6% per month ( 3 to investor and 3 to company ) please share views

    wyatt jacob

    In Reply to mjnasar khan jamal 7 months ago

    ya I know how they run the company first u go and join by investing some money and then u bring your friends and family and join them to get money

    Syed Laiq

    9 months ago

    i think shariff is geting paid to comment negative about ima or he is so jobless that he is commenting to each and every comment. this type of dirty mined fools should be booked for causing fear and panic among investors.

    REPLY

    wyatt jacob

    In Reply to Syed Laiq 7 months ago

    syed laiq I think you are in the business when u get to cheat by them then you will know the pain of losing money

    shariff

    In Reply to Syed Laiq 9 months ago

    Dear brother syed Laiq, firstly its the Government of Karnataka which has caused fear and panic among fools who have invested in IMA by issuing a public notice in times of india newspaper that they will forfeit assets of I Monetary Advisory-IMA, i don't have anything to do with this action of the karnataka government ,Secondly my intention is to prevent poor people from losing money and then making youtube video crying for the money they lost,
    Allah knows my intentions that's sufficient for me ,

    Razzaq rock

    In Reply to shariff 2 months ago

    Thank you sir.. for your advice I didn't Invest my money.. u tried ur best for help others but what can v do..

    Raymond

    In Reply to Razzaq rock 2 weeks ago

    Why would she need to Invest her money in this as she is Found within the IMA membership as being one of the members. Research This for yourself

    Shakeel Badal

    9 months ago

    Does anybody have financial statements of IMA? Balance sheet will talk about it’s assets

    REPLY

    Syed Laiq

    In Reply to Shakeel Badal 9 months ago

    yes, http://www.mca.gov.in/mcafoportal/viewDocuments.do

    check for IMAIP BULLION AND TRADING LLP

    Shakeel Badal

    In Reply to Syed Laiq 9 months ago

    Thanks Syed Laiq,

    I checked the annual return documents, latest available is for FY 2015-16. There are no returns filled for FY 2016-17 & FY 2017-18.

    Profit for year ended 2016 is negative Rs -17,874 where as net cash inflow from investors is Rs 4,96,00,000
    I am surprised how come IMA paid its investors a return of 3% per month? roughly amounting to Rs 14,88,0000 per month.

    It would be good if anyone can explain.

    Shakeel Badal

    In Reply to Shakeel Badal 9 months ago

    correction 14,88,000 per month

    shariff

    In Reply to Syed Laiq 9 months ago

    Dear brother syed Laiq, could you please explain why did Mr mansoor khan ceo of IMA paid Rs 10 crore, 1 kg of gold jewellery to janasri ceo ,why did he not report him to police , IMA claims that their records are crystal clean , and they comply with all government department. if that was true what was there to fear ? "Mansoor Khan told the police he mustered the courage to file a complaint against Vajpai following his arrest on the basis of a complaint filed by another city-based businessman." WHY was he so fearful ?

    Read more at: https://www.deccanherald.com/content/606744/janasri-ceo-extorted-rs-10.html

    Mohamed Mufiz

    In Reply to shariff 9 months ago

    the answer is simple its a ponzi scheme, he paid ransom to hide the illegal activities of IMA, but who is gonna explain this to IMA bhakts, they will open their eyes when this scheme will go bust, same like heera gold

    BV SUDHANVA

    9 months ago

    IMA IDIOTS MONEY AVAILABLE

    Fuzail

    9 months ago

    Money Life has conveniently hidden many whistle blowers articles against corrupt officials in various departments and are seemingly appearing partner in gloves with the extortionist sitting in the Tahsildar officer in Bangalore.

    A tahsildar office trying to appear as a revenue officer and to the effect that he has mentioned that immovable and moveable assets have been seized. Utter and total rubbish and everything is rock solid at IMA Group.

    Extortion seems to be the new way of life at Money Life. Very sad to know this.

    REPLY

    shariff

    In Reply to Fuzail 9 months ago

    Dear brother fuzail, can you please tell me if IMA Is so clean why did he pay 10 crores to Janasri CEO , ?

    Read more at: https://www.deccanherald.com/content/606744/janasri-ceo-extorted-rs-10.html news channel as extoration,

    Aliya

    9 months ago

    This is a vicious and malicious campaign by extortionists in the guise of a govt office notice and press titute type news channels and sites. Never knew life's digital team would be something similar.

    I Monetary Advisory has never been involved in anything illegal and will never be involved in anything illegal.

    REPLY

    shariff

    In Reply to Aliya 9 months ago

    if IMA Was so clean , why did he pay janasri news channel CEO Rs.10 crore, and gold , instead of reporting him to police, ?

    Raza Sha

    In Reply to shariff 9 months ago

    Brother the problem with our community is they dont trust any1, till they dnt get scammed out of it.same point of views peolpe use to say regarding ambident,aala ventures,heera gold etc etc..now wen they r out of the bizness people r claiming for mney in such a emotional way u cn chck it out the videos in youtube...so dnt waste ur time making them undrstnd abt IMA.bcz samajhdhar logon ko ishaara hi kaafi hai..

    Aalim hussain

    9 months ago

    Money deposit schemes? What absolute rubbish is this. They are not a money deposit scheme, but rather have LLP's which are fully compliant with the land of the law and have been delivering tax paid income for many years.

    Totally absurd that you guys are indulging in click bait. Unsubscribed and henceforth blacklisted in my family and friends circles.

    REPLY

    shariff

    In Reply to Aalim hussain 9 months ago

    Dear Brothers , IMA is a ponzi scheme , they are simply paying old investor from the money new investor is investing, please study heera gold case you will understand whats going on in IMA, even world's top investors like warren buffet etc have never given 36 % returns , that to even if markets and down his profit seems to be fixed, use your common sense !

    Shaziya Banu

    In Reply to shariff 9 months ago

    Why the hell u r so much against about ima..u do your own business if you are not interested..y are you disturbing others..jitna apni taqdeer Mai hota hai woh Zaroor ada hota hai

    Syed Abdur Rahman

    9 months ago

    The so called various regulators you are speaking of have not found an ounce of wrong doing at this esteemed organisation.

    You guys would be better off reporting facts instead of being somebody's mouthpiece. Never expected this from munny life.

    REPLY

    shariff

    In Reply to Syed Abdur Rahman 9 months ago

    The respected lady Sucheta Dalal who runs this newspaper is award-winning business journalist and author. She has been a journalist for 25 years and was conferred the prestigious Padma Shri for journalism in 2006, she has exposed many scams she was the one who broke the securities scam in 1992 which was India’s biggest financial scandal, when she is writing about IMA you better believe it,

    Shabbir Parvez

    9 months ago

    Money Life is indulging in mud slinging without due investigation! Looks like you guys have started accepting monetary rewards from instigators as well. Good bye.

    As far as I Monetary Advisory is concerned, every single aspect of theirs is legally vetted and all details accounted for. There has not been any adverse report about them till date.

    REPLY

    shariff

    In Reply to Shabbir Parvez 9 months ago

    Ms. Sucheta dalal has written to Securities and Exchange Board of India (SEBI) , regarding ponzi scheme of Heera gold and IMA, and the SEBI confirms Heera Gold is a Ponzi scheme, says EOW, ED and SFIO probing the MLM https://www.moneylife.in/article/sebi-confirms-heera-gold-is-a-ponzi-scheme-says-eow-ed-and-sfio-probing-the-mlm/54730.html

    Hashim Taiyub

    9 months ago

    It is not any multi level business chain , it's under llp act .

    REPLY

    shariff

    In Reply to Hashim Taiyub 9 months ago

    IMA IS ponzi scheme

    Hashim Taiyub

    9 months ago

    Till date I have not come across any such incident that IMA has not paid there members money on time or anything illegal work is done, I think IMA dont run any scheme , they raise capitals from public in llp.

    REPLY

    shariff

    In Reply to Hashim Taiyub 9 months ago

    dear brother hashim taiyub , getting payment on time in not proof that IMA is not ponzi scheme , many pozni scheme like Saradha Group financial scandal in west bengal and Pearl scam, have paid their investor for many years on time, only the latest investor suffered ,

    Trump’s MLM Pitch Misled Consumers, Lawsuit Says
    A class-action complaint filed Monday in Manhattan federal court accuses President Trump, three of his adult children and The Trump Corporation of misleading consumers through their endorsements of two MLMs – ACN Opportunity, LLC and the now-defunct Trump Network – and The Trump Institute, which ran real estate seminars until 2009.
     
    The bulk of the 160-page lawsuit centers on Trump’s endorsements of telecommunications marketing company and Direct Selling Association member ACN before turning to The Trump Network and The Trump Institute.
     
    And it ends by claiming defendants violated the Racketeer Influenced and Corrupt Organizations Act (RICO), conspired to violate RICO, and engaged in false advertising, unfair competition, unfair and deceptive trade practices, fraud, and negligent misrepresentation.
     
    The allegations in the complaint can be summed up as follows:
     
    • For at least 10 years, beginning in 2005, Trump secretly received millions of dollars in payments while deceptively marketing ACN to distributors by falsely telling them that they had a great opportunity to make money without risk, that he had personally done a lot of research into ACN and personally experienced the opportunity, and that his endorsement was “not for any money.” Trump even praised ACN on his reality TV show, “The Celebrity Apprentice,” posing with the company’s founders. ACN distributors paid a “$499 registration fee” to join. The four plaintiffs, each of which uses a pseudonym in the complaint, allege they made little to no money after their initial investment in ACN.

     

     

    • From 2009 to 2011, Trump was secretly paid to endorse another MLM – The Trump Network – and he made deceptive claims about the demand for the product, in this case, vitamins, and the business opportunity, among other things.

     

     

    • In 2005, Trump licensed his name to another company known as The Trump Institute. That venture purported to sell Trump’s real estate secrets of success through high-priced training seminars but despite Trump’s endorsements of the company he was not involved with it and his secrets were not disclosed in the seminars. Instead, consumers received plagiarized materials.

     

     
    In a statement to The Washington Post, the Trump Organization, to which the White House referred comment, called the allegations “completely meritless” and the timing of the complaint politically motivated.
     
    This is not the first time Trump has faced class-action litigation over his endorsements of a business opportunity. In 2016, while admitting no wrongdoing, then-president-elect Trump agreed to pay $25 million to settle class-action allegations of fraud against his defunct for-profit institute Trump University. As with The Trump Institute, that enterprise also promised consumers that they would learn Trump’s real estate secrets.
    For more of TINA.org’s coverage on MLMs, click here.
     
     
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    COMMENTS

    Syed Aleem

    9 months ago

    Hi I have being a member with IMA from nearly two years before I introduce my capital I enquire them a lot and from that date till know they have never delayed my return nor delayed in returning the capital because one of my relative withdrawan his capital from FROM IMA and the same return to his account with out delay as per I know IMA they are running smoothly following the rule of the land I am really very much satisfied with IMA

    REPLY

    Tasmiya Naz

    In Reply to Syed Aleem 7 months ago

    Such an Idiotic qnet (MLM) it is.
    I have been also involved by one of my senior. It's just an stupidity by not working hard and earning money through somebody else's earned money. By referring. . such a Idiotic business . All qneters want money without working. They don't want to work under somebody. . They involve innocent hard working people into it. By washing there mind with bloody shits. !!
    In Bangalore it is growing very much. People of qnet are making Youngsters involved in such a stupid direct selling business. .
    Please do something about it.

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