Cracking the whip against agents of controversial multi-level marketing (MLM) company QNet, the Hyderabad City Police arrested four independent representatives (IRs) for cheating about 200 people under the pretext of giving a job and collecting around Rs2 to Rs3 crore.
In a release,
the Hyderabad Police stated that cracking QNet case, they arrested four accused Sreenath Konda, Prasanna Kumar Reddy, Kanchana Vobbilichetty and Beemarthi Dhan Raj, who hatched plan to grab money from the innocent people on the name of providing job in e-commerce business through their websites, www.qnet.et and www.qnetindia.in
"By using the registered ID the accused persons conducting seminars to the innocent peoples and giving false assurance that by making investment in QNet. The personals of QNet promised to provide job to them. The accused person uses credit card, debit card and e-card for making investment in QNet business while opening of portal in QNet website of innocent peoples. The accused persons used to take the innocent people to invest in QNet business, which is online business. After collecting cash from the innocent people, the accused persons open portal on the name of innocent people fails to give any clarity on QNet and they used to postpone the assurance of job to the innocent persons on one pretext or the other."
"The above accused persons cheated about 200 members and taken amount of rupees about Rs2 to Rs3 crore from the innocent peoples on the name of making false assurance to provide job. The Managing Director and Directors of Qnet Ltd, Hong Kong and Vihaan Direct Selling (India) Pvt Ltd and the above accused persons used to visit frequently to foreign countries i.e., Malaysia and Dubai and spent the money lavishly by enjoying," the statement from Hyderabad Police says.
According to the Police, in this case, the Managing Director and Directors of QNet Ltd and Vihaan Direct Selling (India) Pvt Ltd and some others still at large and sincere efforts are in progress to apprehend them by the CCS Police.
Hyderabad Police also warned 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," the release says.