58 involved in QNet scam, Crores seized


Hyderabad sources reported that Cyberabad Police on
Monday night arrested 58 persons, including 14 techies, for involvement in the
QNet scam in which lakhs of people across the country where cheated to the
tune of crores of rupees. Meanwhile officials froze Rs 2.7 crore in the
techies’ accounts on Tuesday and are probing the case. Furthermore as many as
14 complaints pertaining to the scam were received by the economic
offences wing in Cyberabad.

Reportedly the Cyberabad police commissioner warned
the public against roping in more people into the scheme, as by doing so, they
will be held liable for fraud too. Further formerly known as Gold Quest, Quest
Net is a Hong Kong-based multi-level marketing company owned by the QI Group,”
the commissioner said. “The company invokes several ponzi and binary
schemes, vacation packages and more, the business tactics of which are

Moreover QNet, the main subsidiary of the QI Group,
was founded by Vijay Eswaran and Joseph Bismark in Hong Kong in 1998. Accordingly
Trevor Kuna, who joined QNet in 2008, was the chief marketing officer and
is said have been appointed CEO of QNet. Perhaps Cyberabad sleuths had
cracked down on various parts of Telangana, Andhra Pradesh, Bengaluru and New
Delhi in this regard, Cyberabad police commissioner Mr V.C. Sajjanar said
that of 30 cases registered against QNet in Cyberabad, eight are being probed
by the Telangana state CID.

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