In a big blow to QNet’s Vihaan Direct Selling (India) Pvt Ltd, main courier service-providers, India Post and Blue Dart, have ceased parcel providers following directives from the registrar of corporations (RoC). The transfer comes amidst ongoing authorized battles and prison investigations in opposition to Vihaan for alleged fraudulent actions.
Last month, the senior superintendent of publish workplaces from Bengaluru east division issued a directive to withhold providers to Vihaan as a result of a number of prison instances and authorized proceedings in opposition to 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, extra director normal of police (ADGP), Telangana, recommended the federal government and personal corporations like Blue Dart for his or her stance in opposition to Ponzi schemes like QNet. He urged vigilance in opposition to such schemes to forestall additional hurt.
The steps taken by the Govt of India and personal corporations like Blue Dart in opposition to Ponzi schemes like #QnetScam are extremely appreciated. Beware of 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 Financial Frauds Victims Welfare Association (FFVWA) not too long ago 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 Express continues to service Vihaan regardless of terminations by India Post and Blue Dart.
Last yr, the directorate of enforcement (ED) froze 36 financial institution accounts linked to Vihaan Direct Selling in reference to a cash laundering case involving over Rs90 crore. ED’s scrutiny dates again to 2014, when it initiated a case in opposition to QNet Ltd, Vihaan Direct Selling, and key people related to the MLM operator.
In an additional blow to Vihaan, the ministry of company affairs (MCA) and the division of client affairs initiated a winding-up petition in opposition to the corporate in August 2019, signaling heightened regulatory stress on QNet’s operations.
