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 India Update Mumbai Economic Offence Wing Feezes 45 Crore

QNet India Update: Mumbai Economic Offence Wing Freezes 45 Crore

By Ak Sharma | Published on 6:55 AM

Rate this News

Economic offences wing of Mumbai police froze 2 bank accounts that have Rs45 crore in balance of QNet. Meanwhile, the police custody of Manjunath Hegde, apprehended in the exact same case has actually been extended.

Economic offences wing (EOW) of Mumbai authorities, which is probing QNet has frozen two bank accounts related with the Hong Kong-based QNet, a multi-level marketing (MLM) company. These savings account apparently have a balance of Rs45 crore. In addition, the authorities custody of Manjunath Hegde, apprehended in this alleged cheating case, has been extended.

Last week, EOW booked a case against QNet, when new distributor complaint against the company. Where police found out that QNet is  selling them plastic and glass items calling them amazing objects for treating serious conditions like Cancer.

The plaintiff, Gurupreet Singh Anand, a computer system consultant from Lokhandawala, Andheri mentioned that his spouse was duped for Rs30,000 by some individuals who had actually presented themselves as the independent representatives (IRs) of QNet. Anand told the police, “They (IRs) had actually stated that one of the bio-products my wife purchased could be utilized to treat my 12-year-old son’s brain related conditions.”.

The first details report (FIR) names five accused, consisting of QNet’s Hong Kong-based founder Vijay Eswaran, who is also the Executive Chairman of the QI Group. Some time back, he was also listed with interpol website. Where later on he was released without  any charge.

  • Tweet
  • Click to share on WhatsApp (Opens in new window) WhatsApp
  • More
  • Click to email a link to a friend (Opens in new window) Email
  • Click to print (Opens in new window) Print
  • Click to share on Telegram (Opens in new window) Telegram

Related

Filed Under: MLM News [jetpack_subscription_form title="SUBSCRIBE TO Networking Eye - MLM News " subscribe_text="Sign up for our newsletter and receive news, updates, and the latest alerts." subscribe_button="Sign Me Up" ]

Leave a ReplyCancel reply

LATEST NEWS

  • Top 5 Fastest Growing MLM Companies in India 2023: Vestige, Amway, Herbalife, Forever Living, and Modicare
  • Navigating the Maze of MLMs in the Beauty Industry: What You Must Know
  • In Hyderabad, scammers involved in Multi-Level Marketing schemes are specifically targeting women and job seekers
  • Elfin E-com’s Absconding Executive, Involved in Multi-Crore Fraud, Apprehended
  • QZ Asset Management Executes Full Exit Scam; Website Unreachable

TRENDING TODAY

  • ED Attaches Assets Worth Rs 35 cr of Two MLM Companies
    ED Attaches Assets Worth Rs 35 cr of Two MLM Companies
  • All You need To Know About Vestige
    All You need To Know About Vestige
  • The Indian Direct Selling Association - IDSA
    The Indian Direct Selling Association - IDSA
  • Top Direct Selling Companies
    Top Direct Selling Companies
  • MLM Scams in India: How to Spot and Avoid Them
    MLM Scams in India: How to Spot and Avoid Them
  • SCAM Companies New Updated list
    SCAM Companies New Updated list
  • Investors Duped Out of INR 200 Crore after Being Lured by Endorsements from Actresses Tamanna and Kajal Agarwal
    Investors Duped Out of INR 200 Crore after Being Lured by Endorsements from Actresses Tamanna and Kajal Agarwal
  • Tupperware Looking Forward To get into Online Sales
    Tupperware Looking Forward To get into Online Sales
  • Webwork Trade Links: Fraud worth Rs 500 crore
    Webwork Trade Links: Fraud worth Rs 500 crore

COMMENTS

  • Navigating the Maze of MLMs in the Beauty Industry: What You Must Know » MLM News on Things to Know Before Investing In MLM
  • Navigating the Maze of MLMs in the Beauty Industry: What You Must Know » MLM News on Direct Selling sector as a retailing medium in India is yet to gain momentum
  • Navigating the Maze of MLMs in the Beauty Industry: What You Must Know » MLM News on Decriminalization of MLM: its Importance and Issues
  • QZ Asset Management Executes Full Exit Scam; Website Unreachable » MLM News on Beware of these MLM companies
  • Rajan Menon on CID taking Interpol help on Speak Asia Alleged Scam

Copyright © 2014–2025 · NetworkingEye.com

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