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  • Over 100 nabbed over illegal network business




    The Central Investigation Bureau (CIB) has arrested 102 people for their alleged involvement in illegal network business.

    A CIB team made the arrests following a raid at Siddhartha Foodland, Baneshwor on Sunday evening when members of QNet were holding a meeting on its operation, the CIB said.

    The CIB has filed cases on fraud charge against 14 people identified as the active members of the network business. They were operating under QNet Networking Company and had been collecting money from its members.

    The case has been filed against Prakriti Budathoki; Shweta Basnet; Shreejana Singh; Ankita Shrestha; Bikalpa Shrestha; Kshitz Poudel; Naresh Malla; Om Gurung; Bishan Gurung; Kiran Joshi; Sumit Manandhar; Saurab Goyenka; Sumit Shrestha, Pramesh Manandhar, said the CIB.

    “The company had been collecting Rs350,000 from each member,” said CIB Spokesperson SP Mira Chaudhary. “They have been offering its members 10-year tour packages to various countries, including Thailand, Malaysia, the UAE.”

    SP Chaudhary said the company does not have any legal registration.

    The CIB estimates the company has collected over Rs35 million.

    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 group aims to establish a business in pyramid structure wherein members are required to enrol more members under the scheme and are provided commission for the task.

    The CIB is digging into transaction details of those arrested. Apart from the 14 against whom case has been filed, the rest of the people were released on bail.

    The members of the QNet come from various backgrounds. At least 20 of them are engineers, while some of them are chartered accountants.


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