Tag: QNet

Telangana HC issues notice to QNet in Swapnalok Complex fire case

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Hyderabad: The Telangana High Court, on Monday issued notices to QNet Vihaan Direct Selling Private Limited in the fire accident case at the Swapnalok Complex in Secundrabad.
A two-judge bench comprising Chief Justice Ujjal Bhuyan and Justice N Tukaramji was dealing with a suo moto PIL taken up based on a media report on the fire accident that claimed the life of 6 staff members of Qnet.
Reports suggested that the lack of an emergency exit was found to be the major reason for the mishap while the management of the complex failed to install firefighting equipment in place after the first significant fire accident in 2011.

Converting the report into PIL (Public Interest Litigation), the HC, on March 29 sought answers from the state and civic authorities as to why the fire safety norms were not followed.
According to a preliminary investigation, a short circuit was said to be the reason behind the blaze.
Following the mishap, GHMC officials seized the complex and set up a banner stating that the building was closed temporarily under safety measures.
While awaiting the response from the authorities, the court adjourned the matter to June 26.

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#Telangana #issues #notice #QNet #Swapnalok #Complex #fire #case
( With inputs from www.siasat.com )

April 4, 2023
QNET scam: ED freezes Rs 137 cr after search ops in Hyderabad, Bengaluru

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Hyderabad: The Directorate of Enforcement (ED) has frozen an amount of more than Rs. 137 crores during search operations at seven locations (4 in Hyderabad and 3 in Bengaluru) conducted in connection with a money laundering case against Vihaan Direct Selling(I) Private Limited, a sub-franchise company of Qnet Ltd.
According to the officials, the ED initiated a PMLA investigation on the basis of 38 FIRs against Qnet Ltd., Vihaan Direct Selling (I) Private Limited and others registered by Cyberabad Police, Hyderabad under various Sections of IPC and Prize Chits and Money Circulation Schemes (Banning)Act, 1978.
“During the investigation, it was revealed that M/s Vihaan Direct Selling (I) Private Limited has been cheating gullible people, promising huge commissions on their investment, by way of running a money circulation scheme in the guise of direct selling of products. As a result of the search, various incriminating documents and digital devices were seized. Further, an amount of more than Rs. 137 Crore available in more than 50 bank accounts relating to various entities/individuals connected with the case has been frozen/seized during the search operations,” the officials added.
Further investigation into the matter is under progress.
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#QNET #scam #freezes #search #ops #Hyderabad #Bengaluru
( With inputs from www.siasat.com )

March 29, 2023
Why Sania Mirza under fire for endorsing QNet?

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Indian Tennis star Sania Miza came under fire for endorsing QNet, a marketing firm after the investors lost their investments in the company.
So far, many cases have been filed by investors in Telangana. Some of the cases are picked up by the Enforcement Directorate (ED).
As per media reports, investors have invested in the company seeing its high returns. However, the company has allegedly not paid the returns for the past two months.
Protest outside Sania Mirza’s house in Hyderabad
Recently, investors protested outside Sania Mirza’s house located in Jubilee Hills.
During the protest, the protestors displayed flexis showing Sania Mirza along with QNet promotors.
After the videos and photos of the protest went viral on social media, Telangana State Road Transport Corporation MD V.C. Sajjanar shared his suggestion on Twitter.
I humbly request all celebrities to refrain from supporting/promoting QNET & all such Multi-Level Marketing companies which destroys the fiscal system of the country & well knitted social fabric of the society. Very unfortunate that this happened in #Hyderabad today. @MirzaSania pic.twitter.com/o8T2Odb8DG
— V.C. Sajjanar, IPS (@SajjanarVC) January 29, 2023
Asking celebrities to stay away from such investments, he wrote, “I humbly request all celebrities to refrain from supporting/promoting QNET & all such Multi-Level Marketing companies which destroys the fiscal system of the country & well knitted social fabric of the society. Very unfortunate that this happened in #Hyderabad today”.

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#Sania #Mirza #fire #endorsing #QNet
( With inputs from www.siasat.com )

February 1, 2023