QNet’s transactions worth in excess of Rs200 million: CIB
- Illegal networking business
Jun 14, 2017-
A preliminary investigation by the Central Investigation Bureau (CIB) into an illegal networking business shows that the company might have been involved in transactions worth in excess of Rs200 million.
A CIB team is figuring out the exact number of members who have already deposited between Rs350,000 and Rs500,000 with the QNet company. QNet is a part of the Hong-Kong-based company operated by QI Group that was banned in Nepal by Home Ministry in 2003.
The CIB found on Tuesday that 42 of the 88 members who were freed on Monday had brought in additional members. SP Chaudhary said those people are under investigation.
Some of them have enrolled several members of their own family, paying as much as Rs1 million.
“On Sunday’s raid 102 members were arrested and investigations so far suggest each member might have recruited around four new members,” said a source at CIB. “Also, we suspect that some of the members might have been absent during the event.”
While 88 members have been freed after the preliminary investigation, the CIB has filed cases on fraud charge against 14 people identified as the active members of the network business.
The case has been filed against Prakriti Budathoki; Shweta Basnet; Shreejana Singh; Ankita Shrestha; Bikalpa Shrestha; Kshitiz Poudel; Naresh Malla; Om Gurung; Bishan Gurung; Kiran Joshi; Sumit Manandhar; Saurab Goyenka; Sumit Shrestha, Pramesh Manandhar, according to the CIB.
All 14 are believed to be active in roping in new members, with six of them are gold pin members—the top notch brokers of the company.
CIB Spokesperson SP Mira Chaudhary said they were still trying to ascertain the exact number of members. “The total transaction of the company might vary because we have found that some have paid more, while others have paid around Rs190,000 based on the scheme of the company,” said SP Chaudhary. But she would not divulge details.
Among many of its schemes, the company has been offering its members 10-year tour packages to various countries, including Thailand, Malaysia, the UAE with the paid amount.
Published: 14-06-2017 08:14