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..I like this company not only for helping AMBITiOUS people earn money (I use the word EARN), but for the mental transformation it creates for one who is looking for a opportunity to fight in life and come up. They instill the belief of ‘never give up’ on your dreams. If we all open our eyes and ears wide open, read and listen to biographies and talks by Proven SUCCESSFUL people, they all say the very never give up! Hearing the same, for sometime we all get charged up. Now thats theory and easy to be listened, read and forgotten later. This company makes us achieve dreams practically through belief & team effort.
If I say, direct selling companies are the only equal opportunity companies in the planet by all means:) It’s high time that the people in India understands GENUINE COMPANIES and start their own human potential oriented organizations. I wish thru this all keep winning their dreams.
QNET is one company built by the ‘Power of Dreamers’:)
best decision of my life to be part of qnet, i trust qnet.
Best decision in life, its not only changed mine but i have ability to change many lifes, many people’s life is getting transformed, this business will take time, so be patient and keep working on it.. it will definately give us a passive residual income, its best thing a person can do..
i love qnet..
Qnet is by heart working company
Qnet is the most awesome thing happend to me.. I love QNET and i am proud to be a part of it.
We all pay tax to indian goverment.
Qnet is the company which gives hope to people who are willing to do something in life.
Qnet gives a plateform to pursue our Dreams.
We all work like a family, qnet is doing everything ligally and ethically.. There is nothing wrong in it.
I strongly believe in the company and will stay with it entire life.
I support Qnet. A very fair and transparent business opportunity.
Proud to be a part of QNET
Ppl in India will probably never get to know whats its in reality. Cos they busy alleging Qnet. Though the case is still heard in Court and out here media is running their own trials and passing judgements. Very sad
Thank you Qnet for this opportunity. Best decision of our life. Got a platform where I can make a difference in people’s life.
If not Qnet than what Else ???? QNET is a way of life to live fullest as Human, what can be better to help people achieve their dream and at the same time, one doing it, achieve his more dreams.
IF ONE CANNOT CREATE SUCH AN EXCELLENT OPPORTUNITY, WHY DO YOU THINK ONE HAVE A RIGHT TO DESTROY SUCH BLESSED OPPORTUNITY FOR THE COMMON PEOPLE LIKE ME AND MANY AROUND THE WORLD?
Only hope for me to earn and enjoy my life legally. I trust Qnet. Ethical business company.
I love Qnet !!! I trust completely with my heart …
I stand for QNET with heart, mind and will. Rest all assured, My experiences with QNET are fair and ethical in all ways as deemed to be by law of the land. There are people out there who have been nothing, did nothing and are nothing; trying to grab attention from innocent people who are unaware of the facts, by taking shield from Yellow journalism.
It’s true that dogs bark but caravan keeps going. Kudos QNET.
Qnet is the best thing that happened to me..nd I love Qnet. I am proud to be a qnetter.
I support Qnet. Media please stop being biased.
Media along with few losers (Gurpreet and many more) are making un-necessary sensation for their TRPs.
Neither media nor the losers are aware what Qnet is all about. Qnet is not for losers it is for Warriors. We were winners and we this time also we will prove them wrong.
Yes this is the time to fight back… If we are calm this sold Media people takes advantage and they will spoil entire India people Mindset… Especially in India if you want anything which will help society you should fight back then India govt came to know what is good and what is bad…
The media hates all direct selling companies. Why? Very simple. How does media make money? Advertising. Direct selling companies do not use advertising, yet are able to move billions of dollars worth of products and services globally!! Direct selling needs to be regulated in India so that genuine companies like Qnet and others can operate freely.
its a life
I love Qnet…
Best decision of my life.Qnet follows legal bussiness activities.Every thing is transparent.