QNET ANSWERS

The EOW has alleged that QNET is involved in 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.

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