Investors In Odisha Bring Fraud Charges Against Hong Kong-Based Marketing Company

Investors In Odisha Bring Fraud Charges Against Hong Kong-Based Marketing Company

Even after lakhs of people fell prey to the multi-crore chit fund scam in Odisha, it seems like people in the State are yet to become aware and continue to get carried away by false promises of big profits and returns. Recently, a few people have alleged that one Hong Kong-based marketing company – QNet has cheated them of lakhs of rupees.

QNet is reportedly spread across the globe and operates in the country through its India franchise Vihan Direct Selling limited. As per reports, the said marketing company has so far duped over 1000 people in the State, but police are yet to take any steps against the fraudsters even after repeated complaints.

A ‘duped’ investor Sriranjan Mohanty alleged that the company has taken Rs 5.6 lakh from him and in return gave him a tea packet weighing 50 gm worth Rs 1000 and a wrist watch worth Rs 10,000, which the company claimed to be worth Rs 62,000. “It is a cheat company,” he added.

Another investor Gyana Ranjan Mishra said, “We met the Police DG directly and as per his advice, we registered a complaint with the Economic Offences Wing on June 26. However, no action has been taken against the company yet.”

It is alleged that the company used to conduct meetings at several renowned hotels in Bhubaneswar to explain people about the business mantra and lure them. An investigation team of OTV once reached a venue where such a meeting of the company was in progress and spoke to a few people who were part of the meeting.

“We are creating only entrepreneurs. The company has a tie up with more than 18 multi-national companies and we look into the distribution part,’ said an investor, who was at such a meeting.

Meanwhile, an RTI report revealed that there is no record of the Vihaan Direct Selling (India) Private Limited being a legally authorised company permitted by the Odisha government or the Government of India.

On the other hand, the BJP and the Congress have targeted the Odisha government over delay in action against the culprits and the company. “The Centre had earlier issued an advisory in this regard, but the silence of Odisha government is raising doubts,” said State BJP spokesperson, Golak Mohapatra.

“The silence of State government hints at the involvement of a big shot within the ruling-BJD. Once the company completely dupes the investors, the government will set up a commission of inquiry,” said Odisha Congress leader Panchanan Kanungo while taking a jibe at the State government.

No comments on the matter could be obtained from the ruling-BJD or the concerned officials of the State government.

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