It has come to our attention that self-styled activist Gurupreet Singh Anand has filed a complaint with Joint Commissioner of Police, Economic Offences Wing (Mumbai) against QNET with a list of baseless allegations.
QNET takes this opportunity to clarify its stand and denounce these claims.
On Involvement of Bollywood Actors in QNET
The complainant alleges that a number of prominent Bollywood actors are business partners and/or shareholders in QNET. There is no truth to this. QNET has organized a number of events and conferences for its independent representatives all over the world, where certain Bollywood actors have been present as invited guests or as motivational speakers.
This is not an unusual business practice all over the world by different companies to promote brand awareness. Celebrities are often invited to be part of international events by corporate entities. This does not make them a business partner or shareholder of the company.
On Involvement of Mr. Boman Irani
The complainant alleges that Bollywood actor Mr. Boman Irani is involved in promoting QNET through trainings and other appearances. QNET can confirm that Mr. Boman Irani is not an independent representative of QNET and has only appeared as an invited guest at events. He is in no way involved in promoting the business of QNET.
On Allegations of Money Laundering
QNET as a matter of policy adheres to strong principles of legal business, transparency and corporate governance. All documentation pertaining to the operations of its Indian Franchisee Vihaan Direct Selling (VDS) and its financial transactions have been provided to the investigators at the EOW. Additionally:
- Vihaan’s financial accounts are audited with a clear traceable history of all financial transactions. All documents demonstrating the same have been already submitted to the EOW.
- More than 50,000 pages of documentation have been submitted to EOW.
- QNet’s business runs on an eCommerce platform.
- All product sales transactions are transparent and cleared through a third-party payment gateway, cheques or through Demand Drafts.
QNet has also publicly refuted any and all allegations of money laundering which has been carried in the media in the past. As such, this allegation remains completely wild and speculative in nature.
Prize Chits and Money Circulation (Banning) Act 1978 (Referred to herein as PCMC Act)
The biggest challenge the Indian direct selling industry faces today is that of regulatory uncertainty and lack of legislative support in expressly recognizing the industry as falling outside the prohibitions of the PCMC Act.
The PCMC Act is a ‘banning’ act and not a ‘regulating’ act. It sets out a framework to ban certain activities, which come under the purview of ‘Prize Chits’ and ‘Money Circulation’. QNet’s business, in the definition in the said Act, is neither prize chits nor money circulation. The Act deals with the banning of a scheme, which is aimed at making quick or easy money and on the happening of a contingent event. In the case of QNet, we neither fall under the category of making quick and easy money, nor is there any event which is contingent in nature. Also, there is no ‘entry fee’ or periodical subscription required here pursuant to Section 2(c) of the Act.
Section 2(c) the PCMC Act defines “money circulation schemes” as:
“… any scheme, by whatever name called, for the making of quick or easy money, or for the receipt of any money or valuable thing as the consideration for a promise to pay money, on any event or contingency relative or applicable to the enrolment of members into the scheme, whether or not such money or thing is derived from the entrance money of the members of such scheme or periodical subscriptions”
The Act bans all illegal money circulation schemes. It does not regulate the direct selling or MLM industry.
Trial by Media
QNET is very concerned with the manner in which the complainant has been maligning QNET though baseless allegations in the media. Officials of Vihaan have been fully cooperating with investigating authorities from the EOW. Investigations have been ongoing for 3 years and no report has been submitted till now.
QNET is awaiting the opportunity to prove the legitimacy of its business in the court of law, where all allegations against the company can be disproved. Currently, the trial by media instigated by the complainant and other parties with vested interests has only served to damage the reputation of the company without giving it an opportunity to defend itself.
Qnet is the best thing that happened to me! It has changed my whole life! It gave me an option to be an entrepreneur and change lives. I make money solely on sale of products and not on adding people! Mr. Anand did not even buy a bio-disc and we never ever claim that it cures and disease!! All specifications r available on the website!! We follow strict ethics and pay our taxes! We r a family and work in collaboration!
I love qnet & it’s the part of my life. I donno why people & govt listen our opinion. This company works legally & ethical on every aspect.
I support Qnet it’s purely legal
Qnet is the most genuine company I have come across, I am going to do this business for the rest of my life
Qnet is Amazing & has Transformed Me Completely.
I am Blessed to be job free, run my home office, create teams of people who Want a Better way, train them and enjoy leverage. I am happy to be paid on Sale of Products and enjoy being able to increase my income by increasing sales worldwide. I am also a full time parent and Entrepreneurship has made it possible for me to give my child my Time and the best in life.
Qnets products are huge lifestyle changers and the innovation in product lines reflects a company with sound vision and purpose : To Enhance the quality of Life
Biased media!
Ndtv zee all crap bulshit and baseless news..
Paid media
I Completely Trust Qnet
I’m a Qnet IR and I play ONLY FAIR..
Qnet is best company to be a part of best compensation plan best management best people best product n services ….. Everything best I thank god I am a part of such company .
It’s 6 best direct selling company in d world soon will be no 1 . Thank god I got this opportunity Nd I am enjoying it .
I love Qnet…. Its a only thing which i could proud myself to be here….
Best dicision of my life,to be a part of qnet.
Hi all,
Before pointing finger towards Qnet, each and every one must go through these links: https://www.sec.gov/answers/ponzi.htm and https://www.sec.gov/investor/alerts/ia_pyramid.htm ; those who hate Qnet have to explain why and how Qnet falls under Ponzi or Pyramid or MLM scheme.
I would love to read the responses received from those who are finding fault with Qnet legality.
As a Qnet IR I feel like my life is in good direction.. I don’t need to worry about my future, through Qnet I have the potential to create abundance in my life. It’s 100% legal and ethical. Thanks to Qnet.
I trust and lobe QNet ..I’m not in QNet , QNet is in my heart. I’m blessed to be a part of this company. This is the company where I learned how to build true relations, how to make worldwide friends , how to make healthy organization by proper learnings … How to became a good leader..how to help people …how to behave with others ..lot many ?? Love you QNet
Qnet is a fantastic company. We all pay our taxes.
We get our form 16 every year.
all the earning are TDS deducted.
its a genuine and a fantastic company. Im associated with it for the past 2 yrs.
All the allegations are baseless, I Stand by Qnet.
QNET is perhaps the most ethical companies that I have known. All the negative posts are by people who want cheap publicity and have no idea what constitutes a scam…typical herd mentality….going by what some incompetent person shares. I really pity such people.
I love Qnet through every aspect of my life earning money empowering yourself evolving as an individual to face different challenges in life with calm and pleasant attitude I love Qnet because it fulfill my dreams it fullfil my respect it fulfill my parents wishes it fullfil my life by getting whatever i wanted meeting different people changing their lives
Qnet is one of the best company and the compensation plan for all
When an elephant walks, the dogs can only bark. That’s the way I look at it. Hai dum tou rok ke dikhaao.
I love QNet. I love people I’m working with. We sell products and get commission out of the sale.
I love qnet and I know it’s doing nothing wrong, all these bullshit media
Qnet is not only a business Opportunity for me. Its just like I got a new family through out my life who are very transparent and that transparency can’t be seen even in our own family members.. Through Qnet, I am creating a pipeline for my next generation..