E-commerce platform QNET says operations fully transparent

NEW DELHI: Direct selling company QNET on Tuesday rubbished allegations of business and financial misconduct, and reiterated that its operations in India are being conducted through an e-commerce platform in a completely transparent manner.

A spokesman for QNET India, Ajay Chanam, said that while nothing could be done about the allegations and speculations in circulation, he could certainly clarify misconceptions surrounding the company's operations. Emphatically emphasizing that QNET is not a money-laundering scheme, Chanam said: "We cannot control the allegations, but, we can tell you the truth."

"QNET operates through audited accounts with clear traceable history of the origin of money. It does not accept cash payment for purchase of products, and neither makes any cash payments to anyone, be it vendors or distributors," Chanam added.

QNET operates through third-party payment gateways or banking instruments such as a cheque or demand draft, he further said during his interview-cum-interaction.

The QNET India spokesman also said there was nothing fraudulent about pursuing multi-level-marketing schemes in a transparent manner, and added that what attracts illegality is rather using such schemes for activities that are banned as defined under the PCMCS (banning) Act 1978.