More victims fall prey to QNet scam

DECCAN CHRONICLE.
Published Nov 20, 2017, 1:29 am IST
Updated Nov 20, 2017, 1:29 am IST
Top Qnet officials overseas get 40 per cent commission for each investment and products sold in the state.
The hard earned money of several youth from the city is reaching Sing-apore through such schemes.
 The hard earned money of several youth from the city is reaching Sing-apore through such schemes.

Hyderabad: Yet another victim of QNet scam lodged a complaint with the Banjara Hills police on Saturday night. Earlier, several cases against QNet, a Singapore-based company, were registered at the SR Nagar, Banjara Hills, Madhapur and other police stations in the city.

Central police had earlier arrested Michael Ferreria, Padma Bhushan awardee and former Billiards World Champion, along with three others in relation to the multi-crore QNet scam. 

 

On Saturday night, Harish Kumar, a victim of the scamster company, lodged a complaint with the Banjara Hills police under Section 420 (cheating) of IPC. 

“We are yet to investigate the issue and no arrests have  been made yet,” Mr Harish, sub-inspector of Banjara Hills,  said, adding that the victims often turn scamsters themselves in this case. 

“As per the rule, I had to draw more people into the scheme to get a commission. I was told that I would be trained in e-commerce and also to sell products. I was offered a salary and commission. It has been more than a year and I have not got a single rupee,” said a victim of the scam. 

Top Qnet officials overseas get 40 per cent commission for each investment and products sold in the state. The hard earned money of several youth from the city is reaching Sing-apore through such schemes.

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Location: India, Telangana, Hyderabad




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