Regardless of an endorsement from corrupt authorities officers, Ghana’s Lawyer-Basic Godfred Dame has prevailed towards QNet.
In an solely lately reported on July 2022 judgment, QNet has been ordered to get out of Ghana.
Describing QNet’s enterprise mannequin in filed court docket paperwork, Ghana’s Lawyer Basic claims the MLM firm
operated in a way akin to a Ponzi scheme by luring purchasers to make deposits and investments with the corporate, which they ultimately misplaced.
Mr Dame indicated that Q-NET primarily operated within the Ashanti, Western, Jap and Ahafo areas and engaged in varied “fraudulent schemes”, similar to inviting the general public to purchase merchandise for outrageous and non-existent income.
He additional mentioned investigations indicated that Q-NET additionally took cash from individuals with the false illustration that the corporate may assist them discover jobs.
BehindMLM reviewed QNet in 2017. Based mostly 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 have been then laundered in a foreign country.
“The widespread criminality and illegality wherein 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 Improvement, acknowledged he was ‘glad to have QNET in Ghana for the lengthy haul.’
How a lot that endorsement price is unclear.
As per the court docket’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 largely takes place outdoors of the nation, since 1998.
SimilarWeb presently tracks high sources of visitors to QNet’s web site as India (26%), Pakistan (11%) and Turkey (8%).
