Hyderabad: Hyderabad City Police busted a multi-crore QNET scam and arrested 32 persons, including 11 women, in coordinated raids across Telangana, Andhra Pradesh, and Karnataka.
City Police Commissioner CV Anand said the SIT carried out searches at 27 locations with 30 teams following credible inputs. He said police registered 68 cases across Telangana, including 22 in Hyderabad, with four more added recently.
QNET scam targets IT employees with fake investment promises
Police said the network lured IT employees and youth with promises of high returns and secondary income. Organisers held meetings in star hotels and showcased luxury lifestyles to gain trust.
Investigators found that accused persuaded victims to take loans through private finance firms and fintech apps. They then diverted the funds into the scheme.
The Commissioner said the accused operated under different names since 1998 and avoided using the QNET brand directly. They used bond papers and promoted products such as wellness items, biscuits, and honey as a cover for the operation.
He said a victim from Siddipet lost ₹5 lakh and died by suicide in October after leaving a note detailing the fraud. Following this, police intensified the probe into the QNET scam.
Police said promoting or joining such schemes attracts action under the Prize Chits and Money Circulation Schemes (Banning) Act, 1978. They urged the public to stay alert against get-rich-quick offers.
The Commissioner said investigators found elements of money laundering in the case. He added that police would share details with the Enforcement Directorate for further action.
Major Crackdown on QNet MLM Scam!
The SIT of Hyderabad City Police, have busted a massive multi-crore illegal money circulation scheme by Vihaan Direct Selling (QNet), arresting 32 persons across Telangana, Andhra Pradesh and Karnataka.
This fraudulent network lured IT… pic.twitter.com/4TCJu3RtJX
— V.C. Sajjanar, IPS (@SajjanarVC_IPS) March 23, 2026