Regardless of an endorsement from corrupt authorities officers, Ghana’s Legal professional-Basic Godfred Dame has prevailed in opposition to QNet.
In an solely not too long ago reported on July 2022 judgment, QNet has been ordered to get out of Ghana.
Describing QNet’s enterprise mannequin in filed courtroom paperwork, Ghana’s Legal professional Basic claims the MLM firm
operated in a way akin to a Ponzi scheme by luring shoppers to make deposits and investments with the corporate, which they finally misplaced.
Mr Dame indicated that Q-NET primarily operated within the Ashanti, Western, Jap and Ahafo areas and engaged in varied “fraudulent schemes”, comparable to inviting the general public to purchase merchandise for outrageous and non-existent earnings.
He additional stated investigations indicated that Q-NET additionally took cash from folks with the false illustration that the corporate might assist them discover jobs.
BehindMLM reviewed QNet in 2017. Primarily based on QNet’s enterprise mannequin, we recognized it as a product-based pyramid scheme.
Dame recognized QNet scammers working in Ghana as hailing from Nigeria, Burkina Faso, Côte d’Ivoire, Mali and Togo. He claimed ill-gotten claims stolen from Ghanaian victims had been then laundered overseas.
“The widespread criminality and illegality by which the respondent is being operated has grossly undermined its existence within the Ghanaian neighborhood,” he added.
For its half. QNet has ignored the Ghanaian AG’s makes an attempt to control the rip-off.
Regardless of the petition and all listening to notices and documentary proof being duly served on Q-NET, the corporate didn’t enter look and didn’t file any reply to the petition.
As a substitute, QNet sought to undermine the AG’s investigation. In 2021 Joe Tackie, Chief Director of Ghana’s Ministry for Enterprise Growth, said he was ‘glad to have QNET in Ghana for the lengthy haul.’
How a lot that endorsement price is unclear.
As per the courtroom’s July order, QNet’s Ghanaian shell firm has been ordered into dissolution. QNet and its executives have additionally been completely barred from working within the nation.
QNet is operated by Vijay Eswaran (proper) from Malaysia.
Malaysian authorities have turned a blind eye to QNet’s fraud, which principally takes place exterior of the nation, since 1998.
SimilarWeb at present tracks prime sources of site visitors to QNet’s web site as India (26%), Pakistan (11%) and Turkey (8%).
