Jago Bharat (QNET Scam)

In a cheating case, the Supreme Court delayed proceedings in all 19 FIRs filed against QNet Scam direct selling company ( Qnet India ) across the country while giving bail to former world billiards champion Micheal Ferreira and another officer of the firm's India franchise. QI Group of companies . Ferreira and Malckolm Noser Desai of Vihaan Pvt Ltd were detained six months ago on suspicion of operating ponzi schemes and breaking Indian laws. A bench of Justices Pinaki Chandra Ghose and Rohinton Fali Nariman ruled that further proceedings in all 19 FIRs would be stayed for the reasons indicated in the duo's appeal. They had surrendered to a trial court in Mumbai after the Supreme Court refused to grant them anticipatory release in September 2016. "Having view to the fact that the petitioners 2 and 3 before us, viz., Michael Joseph Ferriera and Malckolm Nozer Desai, are remanded in jail custody for almost 6 months, they are instructed to be released on bail, subject to cert...

  Danesh Irani, Boman Irani's son, was recently accused of involvement in the infamous QNet fraud, which amounted to around Rs. 425 crore, following a complaint made against him by Gurpreet Singh Anand, a resident of suburban Mumbai. Anand had filed a complaint alleging that Danesh was actively participating in the spread of the fraud and had requested that the authorities look into the situation. To shed some light on the current situation, joint commissioner of police (crime) Himanshu Roy informed that Danesh's account is being investigated because it holds a staggering amount of Rs 18 and that they will bring him in to record a statement. However, he also stated that they were not only looking into his account, but the money trail in general, which connects numerous others. However, while defending his son, Boman reacted aggressively to the claims, claiming that his son was an agent in 2007-2008, just like any other collegian, but is now live in the United States for further...

 In a significant breakthrough in what is being described as one of the largest ponzi schemes - the QNet fraud - Cyberabad Commissioner of Police stated that the scope of the scandal might be as much as Rs 5000 crores. In a news conference on Tuesday, Cyberabad Police stated that they are winding up the firms related to QNet and that, while the investigation continues, the Ministry of Corporate Affairs, Government of India, has taken note. VC Sajjanar, the Commisioner of Police of Cyberabad, informed Republic TV that the firm has been duping in 'three avatars'. "It dupes people by making inspiring speeches and sells few things to conceal its unlawful activities." He explained the case's findings further: "Many celebrities were served with notices during the investigation, including Anil Kapoor, Shahrukh Khan, and Boman Irani. The firm is being wound up by the Indian government." The Police Commissioner stated that the scam's masterminds, Vijay Eshwar...

  T he Enforcement Directorate (ED), India's agency responsible for enforcing economic laws and combating economic crime, has frozen 36 bank accounts associated with Vihaan Direct Selling India Pvt Ltd, the master franchisee of multi-level marketing (MLM) company Qnet Ltd in India. According to a news release, the ED searched numerous locations in Mumbai, Bengaluru, and Chennai on Tuesday in connection with the Vihaan Direct Selling (QI Business) money laundering case and froze 36 bank accounts worth more than Rs90 crore. In 2014, the ED filed a money laundering charge in connection with the Rs425 crore QNet scandal. The ED list included QNet Ltd of Hong Kong, its official franchisee Vihaan Direct Selling, Vijay Eswaran, the creator of QI group, and three additional QNet independent representatives (IRs) from Mumbai. In the same year, the Mumbai police's economic offences wing (EOW) notified the Sessions Court that seven suspects in the QNet fraud tried to deceive the court by ...

  Ponzi schemes are fraudulent investment schemes that generate rewards for earlier investors by taking money from later participants. Such scams have nothing to do with direct selling or multi-level marketing (MLM), a common method of expanding a direct selling distributor network. Just like QNet scam. This company has various knowing name i.e., QI Group , Vihaan Direct Selling. Charles Ponzi created a worldwide mail return coupon programmed in the 1920s. You could send a letter to a foreign country without purchasing a postage stamp if you possessed an international postal reply coupon. QNET (QI Group) - Long History of Allegations and the Truth Behind Them As a result of an escalating civil dispute, Vijay Eswaran and his associates were arrested. Due to a disagreement between its original creators, the case was opened in the Philippines. The situation deteriorated through unscrupulous ways, and the Philippines government issued an Interpol arrest warrant for Eswaran and his ...

   It's crucial to first understand the difference between a legitimate direct selling company and a pyramid scheme in order to respond to this question. The main distinction is that in a legitimate direct selling business, commissions are only paid based on the sale of products, whereas in an unlawful pyramid scheme, one receives commission for recruiting new people under them. Even if a person has a sizable network of associates working for them, if they haven't sold or bought any products, they won't receive any commissions. QNET Scam People frequently mistake good direct selling organizations for frauds due to a lack of understanding. People frequently criticize direct selling companies because they are either unaware of the amount of labor required to develop a successful business or because someone else deceived them. As a result, businesses like QNET frequently become the targets of unending media accusations, rumors, and complaints. QNET operates in Tanzania and oth...