Table of Contents
- What is Qnet?
- What are some famous Qnet frauds?
- What does the official Qnet website have to say?
- How to report a Qnet fraud?
What is Qnet?
Qnet, commonly known as QuestNet, GoldQuest, and QI Limited, is a multi-level marketing (MLM) company owned by the QI group. Founded in 1998 by Vijay Eswaran, presently its headquarters are based in Hong Kong. It works on a legal basis in many countries. But in countries like India, it is charged with a Ponzi scheme.
A Ponzi scheme is a type of fraud where people believe that their investments are safe and the profits come from a secure and trusted source or business. Qnet remains in headlines for such activities daily. Did anyone wonder why? Just because someone is investing, then should I also do the same? No!
What are some famous Qnet frauds?
Bombay High Court said in 2016 that the deceits and fraud camouflaged under the name of e-marketing and business. How can one underlook this sentence? Read the complete case here: https://www.moneylife.in/article/qnet-it-is-a-chain-where-a-person-is-fooled-and-then-he-is-trained-to-fool-others-to-earn-money-says-bombay-hc-order/46857.html.
Seventy people got arrested in the Cyberabad Qnet scam. Who was their target? Software employees, unemployed youth, and homemakers. Read here: https://www.newindianexpress.com/states/telangana/2019/aug/28/70-held-in-qnet-scam-says-cyberabad-police-2025222.html.
Whenever anything happens, how can Bollywood not come into all this? Famous actors, like Shahrukh Khan, Boman Irani, Anil Kapoor, and even some sportsmen, like Yuvraj Singh, were given notices for endorsing Qnet.
Like these, a lot of Qnet.net frauds are available online. After a complete shut down in 2009 by the Telecom Regulatory of India, Qnet came back with a new avatar to offer a vast range of lifestyle products. It has been in many controversies since the early 2000s. So, how to stay away from this fraud? Let’s find out!
What does the official Qnet website have to say?
Qnet has spoken up to defend itself from mere allegations. Some of them are:
Allegation 1: It is a Deposit and Investment Scheme
Response 1: It only sells high-quality products and services
https://qnet-india.in/direct-selling-top-10-questions-answered/
Allegation 2: It is a get-rich-quick scheme
Response 2: There is no opportunity to make ‘Quick-Money’ with QNET
https://qnet-india.in/7-network-marketing-myths-busted/
Allegation 3: It is a Deposit and Investment Scheme
Response 3: It only sells high-quality products and services
Allegation 4: It does not refund customers
Response 4: It has a clear refund policy
It mentions clearly that they have a return policy by saying, “When a customer decides to purchase a product from QNET, he/ she needs to register on the QNETIndia website to create an account and read through and agree to the terms and conditions which includes a clearly stated refund policy.
Any customer who is unsatisfied with his product purchase, with justified reasons, should contact the company within a 30 day buyback period and QNET will accept the refund request. We encourage anyone who signs up with QNET to familiarise themselves with our clearly stated and visible terms and conditions before they agree to a product purchase from us. Visit the official QNET.net India website for further information.”
Allegation 5: Agents make money by recruiting others
Response 5: It Pays commissions only on Product Sales
Allegation 6: It claims agents can make several lakhs a month
Response 6: It does not make any guaranteed income statements
Allegation 7: The Minimum Product Price at QNET is Rs.3 Lakhs
Response 7: QNET products in India range from INR 1,485 to a maximum of INR 315,300
Allegation 8: QNET’s Operations in India are illegal
Response 8: QNET Operates in India through a licensing agreement with Vihaan Direct Selling (India) Pvt Ltd.
Qnet has also written a full story regarding whether it is a scam or not? Qnet completely denies the thought that it is a scam. But, the consumers and the Government of India have completely different opinions.
How to report a Qnet Complaint?
1. First things first, report the case to your nearest police station as soon as possible. Whatever the fraud has taken place, inform the legal authorities at that particular instance for better assistance.
One can find all the customer care details on their official website.
India Support Centre: +91 888 063 2532
India Support Centre Email: support.centre@qnetindia.in
Grievance Cell Number: Ms. Diya – +919900509004, Mr. Sameer – +918971066009, Ms. Sneha – +918197296606
Grievance Email: grievancecell@qnetindia.in
For any details or queries related to the ‘real’ Qnet frauds, one can contact here for complete assistance.
SEBI has declared users can now file a complaint to their respective EOW (Economic Offences Wing). The victims have to visit their local EOW website to file the complaint or visit their headquarters for the same. These EOW can be found easily by typing EOW and the name of your city in the Google search engine.
One can always make a complaint on the Consumer Helpline 1800114000 OR 14404 regarding this kind of fraud.
If one is acquainted with the name and designation of the person-in-charge who committed the crime, they can file a complaint on the PG portal against the person-in-charge.
As for now, stay alert and recheck the details 2-3 times before investing in Qnet. Your money was earned with hard work and not via frauds/scams.
File your complaint against QNet, Vihaan marketing Pvt Ltd at Voxya an online consumer complaint forum to resolve your complaint quickly with an optimal solution.