Who Is Helping QNET Thrive in India?
Moneylife Digital Team 28 December 2017
After starting its innings with a spate of actions against a variety of ponzi and money-circulation schemes, the National Democratic Alliance (NDA) has gone slow on investigating such dubious entities that loot gullible Indians with the promise of extraordinary returns or selling dodgy products. The ministry of consumer affairs (MCA) has been seeking self-declared affidavits from direct selling companies under a set of guidelines the acceptance of which is being projected as a sort of clearance. There is no effort to probe into their actual operations.  
 
The most notorious of these is QNet which has been the subject of a detailed report by the serious frauds investigation office (SFIO). It is projecting as a clean chit a stay-order of the Supreme Court (SC) on action by the economic offences wing (EOW) of the police. The company has been employing extraordinary dubious strategies to get us, at Moneylife, to delete articles with regard to investigation and enforcement action against it from our website, forcing us to file a complaint with the Mumbai police and the cybercrime police. Its digital team follows a strategy of intimidation and character assassination of whistleblowers and others who complain against it. With the matter now in the SC, there is a chance of its fate being decided one way or the other, especially in the light of a detailed SFIO report. 
 
A revival of QNet in India raises questions on the government’s seriousness about tackling dubious money-circulation schemes, especially the financially powerful ones with global operations and fund flows. In early December 2017, the reputed blog known as BehindMLM (http://behindmlm.com/mlm-reviews/qnet-review-how-is-this-mlm-company-still-in-business/), which tracks shady multi-level marketing (MLM) schemes, published a detailed analysis of QNet, with a large segment on its Indian operations. 
 
It says, QNet (originally started out as QuestNet to sell numismatic gold and silver coins at fancy prices) has “spawned at least 76 related shell companies” and is itself a subsidiary of the QI Group started by a Malaysian national, Vijay Eswaran. The blog says, QNet is headquartered in Hong Kong, but “has been very careful not to conduct business in either Hong Kong or China.” Further, other than Malaysia, “QNet has run into regulatory trouble in pretty much every country it’s established a significant presence in.”
 
The blog goes on to list such regulatory action in the Philippines, Bhutan, Nepal, Sri Lanka, Iran, Indonesia, Afghanistan, Rwanda, Sudan, Syria, Turkey, Saudi Arabia, Azerbaijan and even Burkina Faso, which labelled QNet ‘a network of crooks’ (2016) and India. In many jurisdictions, its officials have been arrested and released. And, like in India, it has managed to obtain reprieve in some others. 
 
The same analysis reveals that India gives QNet its third highest traffic (Alexa data), after Cameroon and Morocco. What is worse, regulatory action has ensured that QNet has collapsed all over Asia, except in India; African governments have also intensified their crackdown on the business. Ironically, while India claims to be going after shell companies, here is what the analysis concludes about QNet’s ability to survive: QNet is still in business due to is rampant use of shell companies, “for no other reason than to confuse authorities and make investigations harder, coupled with hopping from one market to the next as they each collapse.”
 
The question then is: Why is this government encouraging the company through inaction? Comments posted on Moneylife’s articles online expose the large number of people who feel cheated by its sales strategies. And, yet, the company is working at gaining acceptability by offering to sponsor the events and activities of several large chambers of commerce. While it is already a part of the ASSOCHAM (Associated Chambers of Commerce and Industry), the Federation of Indian Chambers of Commerce and Industry (FICCI) has resisted its inclusion, despite an offer of substantial funds for its programmes. 

 

Comments
reemaashok11235
2 years ago
Qnet is a money circulation scheme. all the Fraudsters in Qnet work in team to trap people who are mostly their relatives or friends. They never disclose the name of the company or its real operations until you have made the payment and completely trapped. Till that time they pretend the business is strictly e commerce or business development. they have fancy terms to make their business sound more sophisticated and grande such as "GLOBAL bUSINESS" or " MANY VERTICALS SUCH AS HEDGE FUNDS, HEALTHCARE, LIFESTYLE, TOURISM , etc"

I was also trapped. I lost my 9 lac Rs to the mumbai team.. Please do not put your hard earned money into qnet. Its a business of fooling people , trust me watch youtube videos of how people in qnet are trained to fool others. Dont lose money like i did

These are the people in mumbai team who sell qnet products.. please be careful if you are dealing with them

Mumbai
1. Vaishali gore (Also dubai)
2. Vishal mast
3. Pratik parmar
4. Kaustubh moghe
5. Praveen shettigar
6. V c gautam
7. Cs mallika ladi (Sap)
8. Yogesh jangam
9. Rupesh bamne
10. Jyoti parmar
11. Tejashree singh
12. Swati suman singh
13. Ravi kumar chaurasiya
14. Sheela mary
15. Manika bhardwaj
16. Sagar metkari
17. Sarika metkari
18. Prasad jadhav
19. Rakhi jadhav
20. Rohan naik
21. Reema kulkarni
22. Vijay naik
23. Gitesh kulkarni
24. Manju deshmukh
25. Preeti wahalkar
26. Anita naik
Sumit Roy
2 years ago
I have been also trapped by my friend (you can say enemy) Kaushal Chaurasia (8240645217). First he said that the business is about e-commerce, and I came to know only after taking loan that this is like a chain system. His senior Afzal Khan is another scammer operating from Kolkata. They target victims in Cafe Coffee Day mostly. But somehow I managed to escape from this fraud and so called business.
Amrit Kumar Lodha
3 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
3 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
mnanda.om nanda
4 years ago
Your report falls short of vital facts that DRI- the premier investigating agency of Customs in India had made out a strong case of evasion of duty and subsequent penal actions . Please update your article.
Viswanathan Srikantan
4 years ago
It was operating under the name Gold Quest before and many of their operatives in India were arrested and the case I is still on. May be now they are again operating under the new name..
vimlesh
4 years ago
Qnet is ruining the country financially, socially and culturally.
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