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MLM racket busted in Hyderabad, 57 arrested

Press Trust of India  |  Hyderabad 

: A total of 57 people from different parts of the country has been arrested for their alleged hand in a involving Vihaan Direct Selling Pvt Ltd, a multi-level company, police said here Tuesday.

A sum of Rs 2.7 crore in the of Vihaan Direct Selling has been frozen, the police said.

The godown of the company in Bengaluru and the office of Transview Enterprises, which is a agency for Q Net products, also in Bengaluru, have been sealed, they said.

Vihaan Direct Selling, formerly known as Gold Quest, is a franchise of a Hong Kong-based multi-level (MLM) company owned by the QI group of companies.

The company was allegedly involved in many Ponzi schemes and binary schemes and vacation packages among others, a press release from the police said.

The Q Net or the Vihaan business model is a simple pyramid scheme in which the early entrants calledindependent representatives (IR) gets money upon enroling more IRs in the system.

Vihaan is engaged in direct selling of various products for in in the categories of home care, personal care, skin Care, health food supplements, watches and holiday packages through

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, January 08 2019. 21:00 IST