The Cyberabad EOW has served summons notices to over 500 people, together with a number of well-known Indian celebrities and sports activities folks.
The EOW is searching for info on the connection actors Shah Rukh Khan, Boman Irani, Anil Kapoor, Jackie Shroff, Pooja Hedge and Allu Sirish have with QNet. Cricketer Yuvraj Singh was additionally served.
The remaining 5 hundred or so summons have been issued to QNet’s CEO, administrators, shareholders and promoters.
The Occasions of India experiences;
Within the notices, the police requested the recipients to look earlier than the investigation workplace inside every week’s time to clarify their endorsement/involvement with QNet.
The police stated that if the recipients don’t seem earlier than the investigation officer, acceptable authorized motion might be initiated towards them.
BehindMLM reviewed QNet in late 2017. Based mostly on the corporate’s compensation plan and enterprise mannequin, we concluded it was your typical product-based pyramid scheme.
QNet’s extreme use of shell firms has seemingly hampered efforts to deliver these behind it to justice.
In India, QNet operates behind the Vihaan Direct Promoting shell firm.
The EOW allege QNet has defrauded round two million victims out of Rs. 200 billion ($2.8 billion USD).
For his or her half QNet insists that it operates in India “in full compliance of the regulation”.
The corporate has deserted recipients of EOW notices, stating it
doesn’t have any model affiliation with those that have been issued notices by the police.
Following the arrest of fifty-eight Indian associates in January, promotion of QNet has shifted to Azerbaijan, Tanzania and Algeria.