The Ministry of Corporate Affairs (MCA) has initiated the winding up proceedings against Vihaan Direct Selling Pvt Ltd, which is a Qnet franchise, on Tuesday. Meanwhile, a spokesperson from Qnet has said that they have challenged the said report in the appropriate judicial forum.
Speaking on the case, the Police Commissioner of Cyberabad, V. C. Sajjanar said that the public is requested not to join or enrol members into the QNET Schemes and also not to promote its illegal scheme by remitting any money to it or its sub franchise or its members or upliners of the scheme.
“If remitted, they will be doing it at their own risk. Cyberabad Police once again reiterates and request the Public not to join/ promote/enrol into such illegal money circulation schemes, which run in the name of Direct Selling/Multi Level Marketing/Network Marketing/Referral Marketing/Introduction Marketing, etc. These schemes not only destroy the fiscal system of the country but also destroy the well knitted social fabric of the society”, official said.
Qnet story: Notices served to celebs
The Economics Offences Wing (EOW) of Cyberabad police had served notices to several famous celebrities, including Anil Kapoor, Shahrukh Khan, Boman Irani, Jackie Shroff, Vivek Oberoi, Pooja Hegde, Allu Sirish and Yuvraj Singh for participating in company’s programmes.
Though Anil Kapoor, Shahruk khan and Boman Irani have responded to the notices through their advocates, a reply is awaited from other celebrities. The response of the three celebrities also is being studied. Notices were also given to top 500 promoters of the scheme and replies are yet to be received from them.
The police have sought details from the Reserve Bank of India if the firm had necessary permissions to operate its investments schemes collecting funds from the public. The police have also written to the Serious Fraud Investigation Office (SFIO), Registrar of Companies (RoC) and GST wings.