In a big blow to QNet’s Vihaan Direct Promoting (India) Pvt Ltd, main courier service-providers, India Submit and Blue Dart, have ceased parcel companies following directives from the registrar of firms (RoC). The transfer comes amidst ongoing authorized battles and felony investigations towards Vihaan for alleged fraudulent actions.
Final month, the senior superintendent of put up workplaces from Bengaluru east division issued a directive to withhold companies to Vihaan resulting from a number of felony instances and authorized proceedings towards the corporate. Citing directions from the regional workplace (RO), the letter said the suspension of settlement renewal and parcel bookings with Vihaan, echoing issues raised by the RoC.
Applauding the motion, VC Sajjanar, further director common of police (ADGP), Telangana, recommended the federal government and personal firms like Blue Dart for his or her stance towards Ponzi schemes like QNet. He urged vigilance towards such schemes to forestall additional hurt.
The steps taken by the Govt of India and personal firms like Blue Dart towards Ponzi schemes like #QnetScam are extremely appreciated. Watch out for such #ponzi schemes. #Don‘t Enroll in such schemes and scams #SayNoToMLM in India, keep away from additional deaths and suicides.@PIBHomeAffairs… pic.twitter.com/XmMgbbkY6i
— V.C. Sajjanar, IPS (@SajjanarVC) March 17, 2024
Having beforehand led investigations into the QNet rip-off, Mr. Sajjanar recalled the Cyberabad metropolis police’s crackdown on 58 impartial representatives (IRs) of QNet throughout his tenure as commissioner, uncovering fraud instances amounting to Rs1,000 crore.
The Monetary Frauds Victims Welfare Affiliation (FFVWA) lately urged authorities and personal entities to sever ties with QNet. At a press convention, Gurupreet Singh Anand, an aggrieved social gathering within the QNet scandal, revealed TCI Categorical continues to service Vihaan regardless of terminations by India Submit and Blue Dart.
Final yr, the directorate of enforcement (ED) froze 36 financial institution accounts linked to Vihaan Direct Promoting in reference to a cash laundering case involving over Rs90 crore. ED’s scrutiny dates again to 2014, when it initiated a case towards QNet Ltd, Vihaan Direct Promoting, and key people related to the MLM operator.
In an extra blow to Vihaan, the ministry of company affairs (MCA) and the division of client affairs initiated a winding-up petition towards the corporate in August 2019, signaling heightened regulatory strain on QNet’s operations.
