QNet: The “money game” played by MLMs to lure the gullible

QNet, the controversial MLM company is luring executives and professionals by promising a weekly income of Rs27.7 lakh. Do the math… this is about the salary that Mukesh Ambani, one of India's highest paid CEOs earns. Yet, this patently exaggerated claim by QNet is ensnaring people to invest their hard-earned money on the fake promise of an enormous wealth. Meanwhile, the company seems to operating under several different names that are designed to hide a trail to its operations

QNet, the controversial, Hong Kong-based multi-level marketing (MLM) operator with multiple names (GoldQuest, QuestNet, QNet, QI Ltd and QI group are the better known names) and identities seems to be working on a clear plan to hide the trail of its Indian operations. Interestingly, worried investors and bloggers or those burned by the pyramid marketing business are doing an excellent job of tracking its operations and publicising them. Here are some such trails gathered through helpful bloggers like Sherwette Mansour from Egypt (http://joinnetworkmarketing.wordpress.com ).

 

According to Wikipedia, QNet’s business model has been described as a simple pyramid scheme, where initial entrants to the scheme do make money, but as the number of IRs increase, finding more independent representatives (IRs) becomes harder and harder, until those that join late are unable to recover even their initial outlay and the model collapses. QNet counters this explanation as offering a business opportunity that doesn't have the high cost of start up as a limiting factor. When an IR recommends the product, the customer makes a purchase through QNet’s online system and the IR receives a commission based upon QNet’s compensation plan.

 

The compensation plan operates by the recruitment of customers by the existing IR. An IR is provided with an ID that gives access to a “Tracking Centre” (TC) in its computer system through which the IR’s sales are tracked. A TC has a left and right customer group. Every customer owns a TC which is then placed on the left or right customer side of the IR’s TC. A ‘direct’ transaction (a customer’s personal reference or sale) is counted as one transaction. An “indirect transaction (someone in the customer’s TC buys/refers/sells) is also counted as one transaction. QNet pays $250 each time three product sales on an IR’s left customer group are matched by three product sales on the right,” says Wikipedia.

 

According to Mr Mansour, the blogger, if you are being paid for every six new people you recruit, by 13th level down you would exceed the population of Earth. He uses example of his home country Egypt. He says, “By level 11, you will exceed the population of Egypt. So, I am assuming that the business flourish and reaches level 10, which will have 60,466,176 (6.04 crore) people. Let’s assume that all these people will join the business, keeping aside the fact that Egypt is a POOR country and not everyone can pay an average of $1,000 to join the business. By level 9, the last level making profit in the country assuming everyone will join, an average of 60,466,176x$1,000 = $60,466,176,000 ($6,046.6 crore) is sent outside the country for all members in level 9 to make profit. Please do keep in mind that this number of people entering the business is almost impossible because a small percentage of Egyptians can actually afford to pay an average of $1,000 to join the ‘business’.”

 

To read more about QNet on our wesbite, click here.

 

Here are the repeat sales points (RSP) and its cash and business volume (BV) equivalents provided by QNet in its FAQs for India...
 

Image source-QNet FAQs for India

 

QNet says, its IRs can achieve rankings like Bronze Star, Silver Star, Gold Star, Platinum Star and Diamond Star, depending upon, how much he and his network or down lines sells.

 

Image source- QInfinite Compensation Plan for India

 

QNet claims that a Diamond Star can earn up to Rs27,73,800 (Rs27.7 lakh) per week while the same for a Platinum Star would be Rs22,39,050 (Rs22.4 lakh) a week. The money earned by a Diamond Star in QNet is almost the same that Mukesh Ambani of Reliance Industries (RIL), India's richest man as per the Forbes list, earns every week as salary (Mukesh Ambani forgoes Rs23.82 crore from his pay package ). We all have heard about Mr Ambani and his wealth. However, nobody knows how many Diamond or Platinum Stars are there in QNet's MLM network. If you know, then please share it.

 

In India, QNet’s MLM operations were controlled by QuestNet Enterprises (India) Pvt Ltd, a company registered at Chennai till 13 April 2012. From next day, it shifted all its registered agents, database and business to Vihaan Direct Selling Pvt Ltd, company registered in Bengaluru. Here are the details mentioned in the frequently asked question (FAQ) section on QNet’s site…

 

Image source-QNet FAQs for India

 

QuestNet Enterprises was operating QNEI eStore, a platform from where IRs, which is how the investor-dealers of QNet are described, could place orders or buy products and also enrol new recruits. After launching Vihaan, the company asked all its old IRs to mandatorily register under the new business name in order to receive their commissions. It is pertinent to mention that the big crackdown on its operations also occurred in Chennai when QNet operated under the name GoldQuest and sold numismatic coins.

 

You may also be interested in reading about the many other MLM schemes that Moneylife covers. Click here to read about them.

Comments
Lalit
2 years ago
Hi Please read my story also regarding a similar incident that I came across:
https://readnleadblog.wordpress.com/2019/07/11/e-commerce-marketing-business-scams/

This post is going to be a long one as I will be describing the complete incident in detail but if you want to jump to the summary than you can directly start from the bottom where I have mentioned the incident in bullets. (Please ignore any grammar error as I am not a professional writer).

I generally don’t write much over social media or any kind of blogs, I prefer being a silent reader like many of us. You guys must be wondering then why I am writing here if I am a silent reader?

Well, what brings me here to write my first post is a strange incident that happened with me on 18/06/2019 Tuesday.

Actually, it started three days before that date on Saturday when I got a call from my colleague who has never ever called me before that day.

Before going into details of what happened with me let me tell you something about him.

He is working in the same company with me but in different department, we generally share pleasantries while crossing each other.

This guy has created an impression in the office that he is doing some kind of business along with the job and because of it he is very much affluent and was able to buy a brand new car, a house in his hometown, a new Harley Davidson bike and foreign tours every six months with his family.

He used to often share pictures of all these luxuries over his social media profiles.

Everyone in the office were surprised/jealous with the kind of success this guy has made in just 2 years with a business unknown to most of us.

So coming back to where I left, there was a missed call from him when I checked my phone, I called him back to know as what made him to call me today. He picked up my call before the phone could have finished the first ring.

He asked me as how I am and what are my plans are for the weekend as a casual acquaintance will do over the call. Soon he said that you must be aware of the fact that I am doing the business and that has changed his fortunes completely. He said that he has bought a new car, house, bike etc and all those thing in cash with this business and now he is looking for a partner who can help him to expand this business.

He asked me if I am willing to get into business as there is no personal life in job and savings are very less.

I said to him “YES” why not? If opportunity is there than why not to cash it.

Soon I asked him as a curious person would ask, what is the business you are in? And why do want me to join?

He was silent for a second and dodged the question of what business he is in by saying that he will discuss it with me in detail later on and for Why me, he said that he don’t know but just felt that I can be a perfect partner for this role.

Somehow I was not convinced with both the answers. He continued by saying that he is working with a team of CA, MBA & Engineers in this business and all are very good in their areas. He said that they are going to fill this position for Mumbai very soon and his senior partner is meeting individuals for this position.

He asked me again, are you interested? If yes, then he can schedule a meeting for me as his senior partner will be in the town either on Monday or Tuesday.

I replied by saying yes, but at the back of my mind somehow I was sensing something fishy as he has not yet disclosed the business and has scheduled a meeting already.

Day passed normally and I watched India vs Pakistan world cup match next day without thinking much about the proposed business opportunity which was lying ahead of me.

Monday morning I got a call from him at 8AM in the morning, he said to me that meeting has been finalized for Tuesday at 12:15PM and I must come in formals and if possible before time. I said Ok to him and inquired him about the place where I have to reach?

He said that he will inform me about the place once his partner is in the city and that will depend upon his busy schedule. I said Ok and disconnected the phone.

Next day again in the morning around 8AM I got a call from him, he said that I have to reach at a big mall in Kurla. I agreed to him and reached the destination before the scheduled time.

I called my colleague and told him that I have reached the mall and asked him as where should I come know. He said that he is in a meeting and will call me later and I have to wait for some time at the food court. I was not happy with the kind of response I received from him but I didn’t have any option than to wait as I have come a long way from my home for this meeting.

I waited for almost an hour and was getting pissed off with the kind of cold response I have got from him.

He called me an hour later and told me to come to a café in the same mall.

I reached there in no time and there I saw my colleague sitting alone in corner. We greeted each other by shaking hands and then sat.

I asked about his partner whereabouts and what was he doing before and how long he is into the business?

Again, my colleague dodged all the questions and told me to be calm and be confident and told me to ask all the questions from his senior partner.

He added by saying that ever since he has met this man his life has changed completely, he is like a fatherly figure to him now and he has really helped him to come out of his miserable life that he was living two years ago. He boasted about him by saying that he was working with an MNC at AGM position with a handsome salary but he left his job to get into this business and now you see he is driving an audi, wearing rolex watch, and is having his own 3 BHK flat in Mumbai.

I was impressed and at the same time I was really getting pissed off after waiting for almost an hour at the food court and now he is not even ready to answer the basic question “What is the Business”?

Few minutes passed and his senior partner came we both stood up to greet him, he greeted back and we all sat.

So he straight away looked at me and shot his set of questions before I could have spoken anything.

He started with this general one liner question “Tell me something about you”? I answered his question giving the details about myself, what I do, my family background etc. Then his next question was why do you want to get into the business line? You are doing well in your job then what brings you here? I answered by saying that I have certain ambitions in life which I believe will not be possible with this 9 to 5 Job plus if you are in business than sky is the limit.

He then started talking about his journey into the business by stating that he was also like me working day in night out for a company. He has worked with top companies in India but somewhere deep inside he was not satisfied. He then while working saw one of his friend getting fired from the company for no reason and that’s what infused the fire in him of doing something of his own. He started working part-time for his business dream and then slowly when earnings increased he left his job.

He said when I looked at my boss, he was driving a Mercedes given by company, a designation of VP given by company but when he retires nothing will remain with him and all his hard work will be gone, his children can’t have that same designation while he is leaving they have to create their own, they have to start everything again from zero.

He shot another question on me, how much do you earn? I was taken back from that sudden question but I answered reluctantly. He smiled and said do you know there is a tea vendor near Ghatkopar station who sells “Malai chai” for Rs10. What do you think his earnings would be? I said I don’t know. He gave his rough calculations stating that he went there with his friend there one fine day, they sat there for one hour, almost 40 cups were sold within that one hour, if he is doing that business for 12 hours a day he will be selling almost 480-500 cups in one day. Cost per cup for tea would be 2 rupee so margin will be around Rs 8 per cup so in all he will be earning Rs 4000 by selling tea. Now he was not just selling tea he was selling toast,bun,poha along with selling tea, if I calculate those margins also than his daily earning would be Rs 10,000 per day. Now just compare your earnings with a tea sellers earning who is more financially sound?

I was taken back with those numbers. He said no business is small only mistake people make is not having the courage of starting the business. Only few who step out and are willing to change their life become successful.

I nodded with a yes in my eye. I asked him as what business are you doing he smiled and said that there is not just one business but there are many. They are into healthcare, lifestyle, travel and leisure, online retail etc business. He further explained that they are no salesman but are working for a conglomerate of the companies bringing customers on a platform from where they can buy product just like amazon and flipkart. He said his target is to get atleast 100,000 loyal customers through marketing who can regularly buy product from that platform and he will make 10-12% of the total value that customer buys.

We are into E-commerce business, now you understood..SIMPLE.. he said with a SMILE.

Somehow I believed in whatever he was saying but in next 10 min I was again taken back with what he asked for!

He asked me, you have been working from last four years how much money you might have saved? An there was a pause between both of us, I was wondering whether he is just saying it to show how poor a salaried person can be or he is actually asking me how much money I have saved. I roughly said few lakhs. He smiled and then said in which bank account do you hold account? Deep down I was feeling uncomfortable with his such personal questions, reluctantly I told him the name of the bank.

He did some calculations in his mind and told me YOU NEED TO INVEST 12 LAKHS if you want to enter into this business.

I said “WHAT”? Yes he said and told my colleague that if he is able to arrange 12 Lakhs by next week and is serious about the business than we will have the second round of the meeting where we will discuss the strategic part of the business but before that he needs send a screenshot as a proof that funds are in his account. By now I was pretty much sure that it’s a scam in which they are trying to pull me in. Somehow in my mind I was cursing myself as why the hell I came here trusting my colleague’s words as there is no easy way to money, even business needs time and efforts and which happens rarely within the span of two years. I wanted to leave immediately but I don’t know why I decided to stay and listen him out completely.

The so called senior partner was done by now and he left sharing final pleasantries.

I looked at my colleague straight into eyes but he was constantly looking away from me. I told him that I don’t have that much money. Now he looked at me and said even a guy like him can arrange for money within 7 days than for sure I can arrange money. I instantly asked HOW? He said take personal loan, these days it’s easily available and funds gets credited within 3-4 working days in the account.

I was SURPURISED with what he said. Not because funds get credited so easily but he wanted me to fall into this trap.

So much have happened in those 3 hours, from the high aspirations of getting into the business to standing there like a fool.

I left the place, my colleague decided to stay back as he said that he has one more meeting line up with one of his client.

I walked away and stayed in a corner of the floor positioning myself in a way that no one can look at me and I can see actually who is his next client?

I waited there for 7-10 minutes waiting for the person who is going to meet him, back of my mind I knew the answer. And here we go after waiting for another 5 minutes his senior partner steps in again in the same café. I was so freaking right, shouted my mind. It was a strange feeling going throughout me.

One can’t even trust his/her known acquaintances. I have never done any wrong to him than why the hell he was doing this to me? All these questions were pumping into my mind while I was heading towards my office.

I was not able to concentrate that day.I logged into my computer and opened google. I typed “E-commerce marketing scams”.

The first page I found was related to MLM marketing scam with a company name “Q-NET”. What on earth is Qnet now, before today I have never ever heard about that company.

I started reading the thread of comments from various victims of this kind of fraud. It was the same story line that I have mentioned above happened with these victims also which follows as below:

Sudden call from an old friend/colleague
Showing business opportunities with huge scope
Meeting with his/her senior partner generally at a café or a lounge.
Telling you all the negative things about jobs
Portraying big pictures about big businessmen of the country
Giving all the false promises that you will earn crores in next 3 years
Asking you to invest money anything between 1-15 lakhs
Deposit that money into friends account or some unknown account which they call as companies account.
Asking you to read the literature which they use as a trick so that refund time is lost( Please note that Qnet is a genuine company but these people who represent them are frauds)
Guys please note here that there is a refund criteria also and only if you are lucky enough to understand this fraud before passing of one month. Although you have to follow up with Qnet on daily basis to initiate your refund process.

When I finished reading most of the threads available online with all the youtube videos I was very scared with the thought that what is wrong with people these days.

Next day, I got a call from my colleague, he said that his senior partner wants to talk to me and he put the call on conference call. His partner told me that I am selected from their side and asked whether I will be interested to join? With a gritty smile on my face I responded with “NOT INTERESTED” and disconnected the call.

I wanted to expose this incident but somewhere I felt that I should not do this and rather I should pen it down so that more awareness is spread among people and they can save themselves from being victim of such frauds.

If you have also witnessed such incident or have been the victim of this fraud you can write to me at [email protected] or you can drop me your phone number. I will be very happy to share my views and help you out.
sripsgmech
Replied to Lalit comment 5 days ago
Hello Lalit, I have also contacted by one of my Social media acquaintance about the same kind of scam you exposed. Can we discuss this in your free time? My mobile number is +91-8072867871. I'll be waiting for you call. Thanks
Amrit Kumar Lodha
2 years 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
gurupreet
2 years ago
Hello Friends,
We have been receiving hundreds of enquiries from QNET VICTIMS across India asking on how to join the FINANCIAL FRAUDS VICTIMS WELFARE ASSOCIATION (FFVWA) which is fighting for the LEGAL RIGHTS of the QNET SCAM VICTIMS in SUPREME COURT of India. You can contact us on WHATSAPP on 9137721819 .

Congratulations to all FFVWA on our major mile stone and success in Supreme Court of India.

Before proceeding further I would like to mention that we are contactable on WHATSAPP on 9137721819 and victims can contact me on Whatsapp on this number only as my two phones were stolen in Delhi and my main number 7498053701 could not be recovered.

A brief summary on the need for forming the FFVWA is summarised in the two news stories below:

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

https://www.mid-day.com/articles/victims-of-fraud-unite-to-catch-qnet-scamsters/19309192

As you are aware we have successfully fought the best criminal lawyers appearing for QNET SCAM till date including lawyers like Kapil Sibbal, Salman Kurshid, Mahesh Jhetmalani, Abaad Ponda…the list is long. The fight is being fought on LEGAL GROUNDS with good FACTS and DATA. The fight has not been easy and but each and every court that I have appeared and argued my case In-Person I have won inspite of BIG MONEY POWER/PRESSURES etc from the QNET SCAM supporters.

You can become part of our organisation FINANCIAL FRAUDS VICTIMS WELFARE ASSOCIATION (FFVWA) which is fighting for the LEGAL RIGHTS of the QNET SCAM VICTIMS in SUPREME COURT of India by downloading the membership form from

DropBox at

https://www.dropbox.com/s/2piy8eudhlz3oj6/FFVWA%20Membership%20Form.pdf?dl=0

and filing it properly and sending it across by courier to:
Anuja Kotecha (Joint Secretary)
Flat no 701, Nazreth Niketan,
Charath Singh Colony, Behind Dragon Fly Hotel,
Andheri-east, Mumbai: 400093
After having completed the form please take snapshots of the same and whatsapp to us on 9137721819.

Please beware there are no short cuts to refund, stay away from individuals who promise you refunds illegally using various tactics. Stay united and fight for your rights LEGALLY.

Regards
Gurupreet Singh Anand
Anuja Kotecha & FFVWA
Mukesh Tripathi
3 years ago
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.https://www.webactivism.com/qnet-investigation-scams-fraud-fraudulent-attempts-cover-tracks/
gurupreet
4 years ago
💥📣 HYDERABAD QNETSCAM victims meeting update 📣💥
Dont REGRET later if you miss this meeting, for which we are taking special efforts.

Please gather tomorrow sharp 11AM at Sudarshan 35MM, RTC Cross Road, CHIKKADPALLI, HYDERABAD..
For answers to your questions

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 by 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 coming Sunday i.e 23rd of July 2017 is the BIG DAY finally , Please do join us at 11AM at the above mentioned address and the location is also attached here with.

Please do come and also inform other victims of the QNETSCAM in Hyderabad, Telangana and Andra Pradesh.

For details WhatsApp me on 7498063701 or call on +918978700018 and speak to Mr. Raghav.

Please pass this important message on all WhatsApp groups, Facebook and Twitter etc so all victims of QNETSCAM in Hyderabad and around can attend.

Those who are attending please confirm in advance as we have limited capacity only🙏

Jai Hind
gurupreet
4 years ago
#QNETSCAM & SUPREME COURT MATTER UPDATE - Please read till the end.

Dear Members,

Jai Hind to all. As you are aware I have had fought the QNET SCAM since last 4 years and devoted all these years full time towards taking effort to expose the QNET SCAM because of which millions of innocent people in India are loosing thier hard earned money and due to my efforts the #QNETSCAM had almost come to a stand still.

This fight has had taken a HUGE effort and affected my personal and professional life beyond what can be explained here, though all cases in which I appeared had verdicts coming in favor of the victims of #QNETSCAM

In Bombay High Court and the Supreme Court I have faced the best and most expensive lawyers in India like Mahesh Jhetmalani , Kapil Sibbal, Salman Kurshid , Dushant Dave etc but they could not protect the accused involved in the #QNETSCAM till recently when...

These accused cheated and played FRAUD upon the Supreme Court and obtained an stay order on all proceedings against QNET all over India. It is very very Important for all of us to come together and unite so that this fraud can be exposed and correct facts are brought before the Supreme Court.

To carry forward this fight further I need to move to Delhi and need support from you all without which this fight will come to an end. I request Donations from you all for fighting this #QNETSCAM which is destroying lifes, families and careers and thousands of crores are being laundered out of our country India.

I request donations and the same can be send thru Bank transfer or deposits in my bank account number as below:

Account number: 32280724593

BANK:
state bank of India, Lokhandwala branch


IFSC: SBIN0013204


Name as in bank records: Gurupreet Singh Anand

You can also donate via Paytm on 7498063701. Any donations big or small are welcome.

Other help in form of a place to stay in Delhi and if anyone has an extra activa or similar gear less two wheeler which I can use is also welcome. If you think you can help in any other ways please whatsapp me on 7498063701

Regards

Gurupreet Anand



Please pass this message to all groups, Facebook, Twitter, activists, members and victims of QNETSCAM, please join the fight in exposing the biggest ponzi scheme in India and stop the money being laundered out of our country



Vande Matram

gurupreet
5 years 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
5 years 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
5 years 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
jitu moni
5 years 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
5 years 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
5 years ago
Mumbai police seeks Zee business help in probe of QNet
https://http://www.youtube.com/watch?v=RabPkRNutwU
jitu moni
5 years 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 schemes 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 awareness 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
5 years 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
5 years 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
Free Helpline
Legal Credit
Feedback