Hyderabad Police conducted raids in Telangana, Andhra Pradesh, and Karnataka, resulting in the arrest of 32 individuals linked to the Q-Net/ Vihaan multi-level marketing scam. These arrests were made by special teams from the Central Crime Station of the Hyderabad City Police. Among those arrested were IT employees, including former ones, involved in promoting and training for this fraudulent scheme. The scam, operated by Vihaan Direct Selling Pvt Ltd, a franchisee of QI Group in India, is estimated to involve large-scale cheating amounting to thousands of crores across the country.
Most of the accused were engaged in recruiting and training promoters for the MLM scheme. Vihaan Direct Selling Pvt Ltd, previously known as Gold Quest and Quest Net, is a Hong Kong-based MLM company targeting various groups, including software employees, businessmen, and housewives. The company lured individuals with promises of part-time employment and high-return investment opportunities, concealing the true nature of the scheme. The victims were enticed with the prospect of substantial returns on investment without full disclosure of the risks involved.
The police have registered four cases against Vihaan Direct Selling Pvt Ltd at the Detective Department in Hyderabad. The company employed deceptive tactics, such as Ponzi and Binary Schemes, to attract victims. Victims, including software employees and unemployed individuals, were misled into investing in the scheme under false pretenses. The police have identified 11 victims who collectively lost around Rs 75 lakh in this scam. Efforts are ongoing to apprehend other individuals involved in this fraudulent network.
