Key accused in Swapnalok Complex illegal firms case held from Bengaluru
1 year, 4 months ago

Key accused in Swapnalok Complex illegal firms case held from Bengaluru

Deccan Chronicle  

Hyderabad: The Central Crime Station sleuths of the city police arrested a Bengaluru-based businessman in connection with cases filed against QNet and Vihaan Direct Selling India Pvt Ltd, in the aftermath of the Swapnalok Complex fire. Upendranath Reddy, and five associates are accused of floating the V-Empire firm, which also operated from the Swapnalok Complex in Secunderabad, and hiring unemployed youths to undertake fraudulent schemes. The police said their probe revealed that the accused collected money from unemployed youth and innocent public, promising high returns. The prime accused, Rajesh Khanna and Upendranath Reddy, are accused of colluding with others to hold motivation classes and lure victims in the guise of e-commerce business, with the promise of monthly returns ranging from '60,000, based on investments.

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History of this topic

Swapnalok fire: Victims' body alleges Qnet funding terror
1 year, 5 months ago

Swapnalok fire: Victims' body alleges Qnet funding terror

Deccan Chronicle  

Hyderabad: The Financial Frauds Victims’ Welfare Association, in connection with the death of six employees of Qnet and Vihaan Direct Selling Pvt Ltd at its office premises in Hyderabad on March 16, filed a complaint with the Joint Director of Registrar of Companies, Hyderabad, alleging collusion of the companies with ROC employees for money laundering. In the Qnet case, a …

QNet has not repaid Rs 22L, say victims' kin
1 year, 8 months ago

QNet has not repaid Rs 22L, say victims' kin

Deccan Chronicle  

Hyderabad: The six victims who died in the Swapnalok Complex fire had paid deposits amounting to Rs 22 lakh to QNet and its subsidiary, Vihaan Direct Selling Pvt Ltd — which was later found to be a fraudulent firm — for jobs. They were trapped by the CEO of Vihaan Direct Selling Pvt Ltd, Shiva Naga Malliah, and company manager …

Swapnalok fire victims are employees of Q-Net
1 year, 9 months ago

Swapnalok fire victims are employees of Q-Net

Deccan Chronicle  

HYDERABAD: The Mahankali police on Friday registered a case against three companies housed on the fifth floor of the Swapnalok Complex in Secunderabad for the fatal fire on Thusday, and discovered that QNet Vihaan Direct Selling Pvt Ltd, which is under an Enforcement Directorate probe, was running a unit in the building, and that all victims of the fire mishap …

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