[Resolved] Qnet — EOW, CRIME BRANCH MUMBAI REGISTERS FIR AGAINST QNET
CRIME BRANCH OF MUMBAI POLICE REGISTERS AN FIR AGAINST QNET - ARRESTS TO FOLLOW - SEE ARTICLE LINK BELOW IN TIMES OF INDIA
EOW registers case against multi-level marekting firm, QNet, for fraud
Mateen Hafeez, TNN | Aug 16, 2013, 08.32PM IST
MUMBAI: The city EOW on Friday registered a case against multi-level marketing firm, QNet, for allegedly duping thousands of investors by selling them plastic and glass products terming them miraculous objects for treating severe diseases like Cancer.
A police officer said that the company, which had been selling its product through qnetindia.in has its head quarters in Hong Kong. The company lured investors with various schemes with an investment between Rs 30,000 and Rs seven lakh. "The firm posed as a marketing firm which would sell bio-disc, watches, chiPendants, gold coins, herbal products, E-education packages, holiday packages etc. They even claimed that by using the bio disc one can cure cancer and barain related diseases," said a police officer. "We are probing the case and will soon make arrests," said Rajvardhan Sinha, additional commissioner of police.
A police team visited Bangalore on Friday to trace the culprits. It has named five accused in the FIR. The complainant, Gurupreetsing Anand, 40, a computer consulatant from Lokhandawala, stated that his wife was duped of Rs 30,000 by some people who had introduced themselves as the independent representatives of QNe. "They had said that one of the bio-products my wife bought could be used to treat my 12-year-old son's brain related diseases," Anand told police. The police suspect that at least one thousand people have been duped in Mumbai alone. The accused had even organized a two-day seminar in a Bandra college on April 14 this year. The investors were promised Rs 35,000 commission/profit for bringing three new members.
The firm claimed that bio disc had magical powers and can change the molecular structure of water. "One of the wanted accused Vinay Esvaran, had earlier floated two firms; Gold Quest and Quest Net Enterprisses, in India and duped thousands of people. These two firms were also popular in Egypt, Afghanistan and Malayasia. We are trying to zero in on Esvaran and will soon arrest him," the officer said.
Complaint marked as Resolved Aug 13, 2020
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