The Indian regulatory crackdown on QNet continues, following three new arrests by the Odisha EOW. Properties connected to QNet and eBiz in Hyderabad have also been seized.
QNet @ BehindMLM
Authorities in India have shut down Serfa Marketing Private Limited, a QNet spinoff launched by former affiliate Baki Srinivas Reddy.
QNet’s Indian operations have been shut down by the Union Ministry of Corporate Affairs (MCA). The company’s management and top promoters are also wanted by authorities.
A report covering deportation of criminal from Ghana has revealed QNet “employees” are among those deported.
Adapa Aravind joined QNet back in 2014. In 2017 he quit his IT job to pursue QNet full-time. As required by QNet’s business model, Aravind purchased products each month in order to qualify for commissions. Those commissions never came though, and by 2019 Aravind (right) found himself $28,900 in debt. $7230 was savings Aravind had [Continue reading…]
The Cyberabad EOW has served summons notices to over 500 individuals, including several well-known Indian celebrities and sports people.
QNet has come under fire in India, following an investigation into unpaid commissions owed to more than 200,000 affiliates.
Over the weekend around seventy former Qnet affiliates staged a protest in India’s southern Karnataka state. Angry victims of the scheme claim thousands of QNet investors have been duped across the country, while authorities continue to do nothing.
QNet was founded in 1998 and is headquartered in Hong Kong. As far as I can tell though, other than existing there in name, QNet has no business operations in Hong Kong itself. The company was founded by Vijay Eswaran (right), who is based out of Malaysia. For all intents and purposes, QNet operates as a [Continue reading…]