Ministry to investigate QNet in Turkey

Ministry to investigate QNet in Turkey

The Industry and Trade Ministry has initiated an investigation into the Turkey operations of QNet, an allegedly fraudulent money-earning scheme, following recent reports of the company victimizing people, the ministry told Today’s Zaman in a written statement on Tuesday.

Today’s Zaman on Monday reported on the allegedly illegal operations of QNet in Turkey following complaints it had received from its readers, who said the system victimized thousands by running a pyramid scheme despite warnings from the government. Sources said QuestNet — recently rebranded as QNET — the flagship international direct selling subsidiary of the Hong Kong-based QI Group of Companies, has continued operations in the country.

The ministry statement said the government is ready to take the necessary steps if it finds the company operations to be against the law. The ministry reiterated its call to citizens to read the ministry announcements on their websites before they became involved in such system. “As is known to the public, our ministry commenced an investigation into QuestNet in 2010. Following these investigations we found that this company violated the law … and we have also warned citizens to beware of similar fraudulent activities of this kind in Turkey,” the statement read. The ministry also revealed that the company was fined TL 3.64 million for its illegal activities last year. The ministry statement that Today’s Zaman has received reads in brief that such pyramid schemes do not require permission from any ministry, “however, the fact that such operations are carried out under the umbrella organization of a limited company does not necessarily mean that they cannot be fraudulent.” The ministry adds that normally it is not within their purview to allow companies to operate or not in the country. “The allegations are serious that the same QuestNet, which was proven to be guilty of victimizing people last year, continues operations under the name of QNet in Turkey. Representatives from QNet had earlier informed us that they had no connection to QuestNet and that customers who did not sign a contract with QNet cannot [make any claims] on the company,” the statement continued.

Leave a Reply

Your email address will not be published.