MLM News

NetworkingEye.com: MLM News, MLM News in Hindi, MLM business, MLM Companies, Scam Companies

  • Home
  • हिन्दी MLM News
  • Scam Companies
  • Guest Post
  • Submit An Article
  • Submit Press Release
  • Advertise
  • Contact

Qnet banned in Saudi Arabia

By Ak Sharma | Published on 06/06/2013

5/5 - (1 vote)

Saudi Arabia recently banned Qnet and has also issued warning to the people involved with Qnet ponzi scheme. The warning also includes a strict punishment to the people involved in the suspicious company venture.

Saudi Arabia, Ministry of Commerce & Sector stated ” This network marketing task involves deception of residents and has been banned in a number of countries”. 

The ministry advised Saudis and expatriates not to take part in the events of such network marketing business. It also suggested the general public to inform the ministry about people promoting such company by calling the toll-free number 8001241616.
“This business activity has actually not been registered with the ministry. Furthermore, there have actually been formal directions in the past banning tasks that involve deception and stealing others’ cash through falsification,” it clarified.

The ministry stressed that it would certainly take all measures to stop this form of company activity in the Kingdom with the support of relevant agencies.

Qnet has introduced itself as the globe’s most extensive and fastest-growing online shopping and business community. Qnet is already banned in few countries, such as, Turkey, Australia, Sudan, Sri Lanka, Syria, Nepal and few more.

Few years ago in India it was operating under the name of GoldQuest – Quest Net Enterprises India Pvt Ltd. Where it was banned and now it is operating on the name of Qnet.

If anyone is working for Qnet in India, its our advise to check their credentials and legal papers.

 

  • Tweet
  • WhatsApp
  • More
  • Email
  • Print
  • Telegram

Related

Filed Under: MLM News

SUBSCRIBE TO Networking Eye - MLM News

Sign up for our newsletter and receive news, updates, and the latest alerts.

Comments

  1. Subhash says

    16/09/2018 at 9:13 PM

    nothing happening in India as apex court put an stay on case related to qnet. So police is not taking action against these Qnet basterds and they are using this as opportunity for them to cheat innocent Indians.

    Reply

Leave a Reply Cancel reply

LATEST NEWS

  • QZ Asset Management Executes Full Exit Scam; Website Unreachable
  • IIT Kanpur Student and 5 Others Arrested in Thane for Cryptocurrency Fraud
  • Enforcement Directorate freezes 36 bank accounts with over Rs 90 crore in inspections at direct selling firms Qnet in Mumbai, Bengaluru, and Chennai
  • Top 5 Fastest Growing MLM Companies in India 2023: Vestige, Amway, Herbalife, Forever Living, and Modicare
  • Gautam Bali: The Successful CEO Behind Vestige Marketing Private Limited’s Growth

TRENDING TODAY

  • Top 5 Fastest Growing MLM Companies in India 2023: Vestige, Amway, Herbalife, Forever Living, and Modicare
    Top 5 Fastest Growing MLM Companies in India 2023: Vestige, Amway, Herbalife, Forever Living, and Modicare
  • Top 400 Earners Network Marketing (based on earnings per month)
    Top 400 Earners Network Marketing (based on earnings per month)
  • Top Direct Selling Companies
    Top Direct Selling Companies
  • Online MLM Classifieds sites a good way to Advertise
    Online MLM Classifieds sites a good way to Advertise
  • Hope Entrepreneurs Under Suspicion for Running Pyramid Scheme
    Hope Entrepreneurs Under Suspicion for Running Pyramid Scheme
  • SCAM Companies New Updated list
    SCAM Companies New Updated list
  • Gautam Bali: The Successful CEO Behind Vestige Marketing Private Limited's Growth
    Gautam Bali: The Successful CEO Behind Vestige Marketing Private Limited's Growth
  • The Difference Between Linear Income and Residual Income
    The Difference Between Linear Income and Residual Income
  • MLM Scams in India: How to Spot and Avoid Them
    MLM Scams in India: How to Spot and Avoid Them
  • President Bill Clinton endorses network Marketing (MLM)
    President Bill Clinton endorses network Marketing (MLM)

COMMENTS

  • Rajan Menon on CID taking Interpol help on Speak Asia Alleged Scam
  • Top 5 Fastest Growing MLM Companies in India 2023: Vestige, Amway, Herbalife, Forever Living, and Modicare » MLM News on John Oliver calls MLM industry a ‘pyramid scheme’
  • Top Direct Selling Companies » MLM News on Ponzi Schemes Vs direct selling companies
  • Decriminalization of MLM: its Importance and Issues » MLM News on Indian government to soon issue the guidelines for Direct Selling Industry
  • Michael Dayaram Mangela on Scam Companies

Copyright © 2014–2023 · NetworkingEye.com

About Us · Privacy Policy · Cocky Policy · Terms & Conditions