BENGALURU: Around 70 persons protested at Freedom Park right here on Saturday, hard action in opposition to QNet, a right away selling and advertising firm that allegedly duped hundreds of traders around the country through a multi-level advertising (MLM) scheme.
The protesters, who lost lakhs of rupees, incorporated doctors, device engineers and personal trade homeowners within the town. They claimed they have been pressured to usher in more investments from members of the family and buddies to recover their main investments. They alleged that the corporate was once selling products underneath the pyramid scheme and accumulating investments from people by promising a high rate of interest.
Pratik K, a 24-year-old employee of a private corporate, stated he lost Rs 2 lakh in 2016. He was once introduced to senior corporate executives through a adolescence friend of his sister. He stated he’s nonetheless paying the EMI for a private mortgage he needed to take.
“My oldsters haven't any knowledge about this and it’s a day-to-day fight. We got something known as a ‘magic script’ within the first assembly and we have been instructed senior executives would meet us and give an explanation for in regards to the corporate. There’s numerous pomp and display in regards to the assembly as even though we’re getting the risk of an entire life by making an investment on this corporate. They create a negative atmosphere about our current income and coerce us into making an investment huge quantities,” he stated, including that main points of the trade or even the identify of the corporate have been withheld till the refund duration for the funding lapsed.
Anupam Singh and Priyanka Rani, a couple in private town corporations, have been among the first to lodge an FIR in opposition to the corporate. Singh stated they have been introduced to QNet by his wife’s family members and the couple together lost approximately Rs 10 lakh in 2016. “When the truth emerged, my wife’s family members have been untraceable and she or he’s dealing with hassle with her oldsters. This corporate is ruining lives and relationships,” he stated. Around 25 instances were registered on the Ulsoor police station.
The protesters, who lost lakhs of rupees, incorporated doctors, device engineers and personal trade homeowners within the town. They claimed they have been pressured to usher in more investments from members of the family and buddies to recover their main investments. They alleged that the corporate was once selling products underneath the pyramid scheme and accumulating investments from people by promising a high rate of interest.
Pratik K, a 24-year-old employee of a private corporate, stated he lost Rs 2 lakh in 2016. He was once introduced to senior corporate executives through a adolescence friend of his sister. He stated he’s nonetheless paying the EMI for a private mortgage he needed to take.
“My oldsters haven't any knowledge about this and it’s a day-to-day fight. We got something known as a ‘magic script’ within the first assembly and we have been instructed senior executives would meet us and give an explanation for in regards to the corporate. There’s numerous pomp and display in regards to the assembly as even though we’re getting the risk of an entire life by making an investment on this corporate. They create a negative atmosphere about our current income and coerce us into making an investment huge quantities,” he stated, including that main points of the trade or even the identify of the corporate have been withheld till the refund duration for the funding lapsed.
Anupam Singh and Priyanka Rani, a couple in private town corporations, have been among the first to lodge an FIR in opposition to the corporate. Singh stated they have been introduced to QNet by his wife’s family members and the couple together lost approximately Rs 10 lakh in 2016. “When the truth emerged, my wife’s family members have been untraceable and she or he’s dealing with hassle with her oldsters. This corporate is ruining lives and relationships,” he stated. Around 25 instances were registered on the Ulsoor police station.
QNet investors demand action against multi-level marketing firm
![QNet investors demand action against multi-level marketing firm]()
Reviewed by Kailash
on
April 02, 2018
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