Qnet: Mumbai Police Register Fraud Case Against The Mlm – Moneylife

Once this was done, they got her to put money from our house and relatives. Once they trap the women, they go after their wealth. My wife has now gone on to take over our assets by changing directors and doing all kinds of illegal corporate stuff guided by QI kingpins. This is my story. I can tell you that there are hundreds of Indian families that have been ruined by these people. In Mumbai, they use hypnotism and cult-like practices (wearing white clothes with blue pendants).” In India, QNets MLM operations were controlled by QuestNet Enterprises (India) Pvt Ltd, a company registered at Chennai till 13 April 2012. From next day, it shifted all its registered agents, database and business to Vihaan Direct Selling Pvt Ltd, company registered in Bengaluru. Moneylife has done extensive work on all MLMs and come to the conclusion that all of them fall foul of the Prize Chits and Money Circulation Schemes (Banning) Act, 1978. We have also made representations to the Prime Ministers office to ban MLMs altogether or allow them to operate under a clear regulatory framework under a designated regulator. Today, while tens of thousands MLMs and Ponzis are cheating people no ministry or regulator is in charge.
For the original version including any supplementary images or video, visit http://www.moneylife.in/article/qnet-mumbai-police-register-fraud-case-against-the-mlm/34105.html

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