Archive · 23 Jul 2026
Hyderabad Police Bust QNET-linked Pyramid Fraud
The Hyderabad Police have arrested five people from a resort in Goa for running a pyramid fraud scheme linked to QNET.
The accused were luring people with promises of a lucrative business opportunity in luxury goods.
They used social media, Zoom sessions, and in-person meetings to recruit and pressure people into investing large sums of money.
The police seized luxury vehicles and digital evidence, including mobile phones with chats, emails, and financial transaction records.
The case is being investigated under several laws, and efforts are ongoing to find more suspects and victims.
Hyderabad Police arrested five individuals from a Goa resort for a QNET-linked pyramid fraud.
The accused lured victims with promises of a lucrative luxury goods business opportunity.
Victims were pressured to invest ₹7.5 lakh and pay an initial ₹30,000 via UPI.
Police seized luxury vehicles and digital evidence, including mobile phones with financial records.
The case is being investigated under multiple laws, including the BNS and the Prize Chits and Money Circulation Schemes (Banning) Act, 1978.
- Who
- Hyderabad Police's Economic Offences Wing (EOW)
- What
- Busted a pyramid fraud linked to QNET
- When
- July 18
- Where
- Candolim, North Goa
- Why
- To apprehend individuals involved in a multi-lakh cheating case linked to QNET
QNET's Defense
Victim's Allegations
Legitimacy of Business Model
QNET's Defense
QNET maintains that its business model is legitimate and complies with all legal requirements.
Victim's Allegations
Victims allege that QNET operates as a pyramid scheme, luring people with false promises of lucrative business opportunities.
Recruitment Practices
QNET's Defense
QNET claims its recruitment practices are transparent and ethical.
Victim's Allegations
Victims allege that QNET uses fabricated success stories, peer pressure, and secrecy to recruit and retain members.
- Date of Arrest
- July 18
- Location of Arrest
- Candolim, North Goa
- Number of Accused Arrested
- 5
- Amount Invested by Victim
- ₹7.5 lakh
- Initial Payment
- ₹30,000 via UPI
- Acts Under Which Case Registered
- BNS, TSPDFE Act, Prize Chits and Money Circulation Schemes (Banning) Act, 1978, IT Act