QNet, the controversial multi-level advertising and marketing (MLM) scheme and its franchisee Vihaan Direct Promoting (India) Pvt Ltd obtained one other jolt from courier service suppliers. Following a letter from the registrar of firms (RoC), India Submit and Blue Dart have determined to cease offering parcel providers to Vihaan Direct Promoting.
Final month, the senior superintendent of publish places of work from Bengaluru east division despatched a letter to the publish places of work within the area asking them to “withhold providers (offered to Vihaan) as a consequence of a number of prison instances and ongoing authorized proceedings (in opposition to Vihaan).”
“…as per the directions obtained from the regional workplace (RO), the renewal of settlement with Vihaan Direct Promoting and reserving of parcels to be placed on maintain as RoC has intimated that a number of prison instances are filed in opposition to the corporate (Vihaan) in numerous courts and investigated by numerous businesses for the fraudulent actions carried out by the corporate,” the letter says.
Welcoming the transfer, VC Sajjanar, extra director basic of police (ADGP), Telangana, says, “The steps taken by the govt. of India and personal firms like Blue Dart in opposition to Ponzi schemes like QNet rip-off are extremely appreciated. Watch out for such Ponzi schemes. Do not enrol in such schemes and scams #SayNoToMLM in India, keep away from additional deaths and suicides.”
Final week, the Monetary Frauds Victims Welfare Affiliation (FFVWA) urged the Union authorities and personal organisations to cease the provision chain of QNet. In a press convention at Hyderabad, Gurupreet Singh Anand, the unique complainant within the QNet rip-off, shared a transit slip of a parcel despatched via TCI Specific to a buyer in Bengaluru.
He says whereas India Submit and Blue Dart terminated their contract with Vihaan Direct Promoting, Hyderabad-based TCI Specific nonetheless supplies the courier service to the MLM. FFVWA had shared all particulars, together with letters from the RoC and India Submit, however TCI Specific has not but stopped its courier providers to Vihaan, he added.
In 2014, ED had registered a case within the Rs425 crore QNet rip-off for cash laundering. ED named QNet Ltd from Hong Kong, its official franchisee Vihaan Direct Promoting, Vijay Eswaran, the founding father of QI group and three different impartial representatives (IRs) of QNet from Mumbai.
In August 2019, the ministry of company affairs (MCA) and the division of shopper affairs beneath the ministry of shopper affairs, meals & public distribution initiated the submitting of a winding-up petition in opposition to Vihaan Direct Promoting, a franchise of controversial MLM operator QNet.
As reported by Moneylife, QuestNet and GoldQuest (earlier avatars of QNet), the MLM firms that had shut store in 2009 following police motion, are again with an even bigger bang. They now name themselves as QNet and are thriving in an atmosphere the place tens of hundreds of Ponzis and MLM firms are capable of lure individuals into believing that they’ve the formulation for immediate riches and a high-growth profession.
QNet operates in India via its official franchisee Vihaan Direct Promoting Pvt Ltd which carries the corporate’s model title within the nation. Nonetheless, Suresh Thimiri, who is commonly touted as QNet India’s chief government and had denied any relationship with QNet or any of its representatives, owns the ‘QNet’ trademark in India via his firm Transview Enterprises Pvt Ltd!