Comments
SEBI has forwarded complaints against QNET and Vihaan Direct Selling India Pvt Ltd (VDS) for alleged multi-level marketing activities to State government authorities in Karnataka.
QNet and its Indian franchisee VDS have been accused of duping investors by offering to sell magnetic discs, herbal products and holiday schemes allegedly through fraudulent practices.
They have also been accused of using the banned binary pyramid business model for its multi-level marketing schemes to lure investors. SEBI said its Bengaluru local office is regularly receiving complaints against activities carried on by QNet and VDS. In a message to investors, the regulator has advised victims of QNet and VDS to file their complaints with respective State governments or local police authorities.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.