Vijay Eswaran: Scam Allegations, Red Flags & Financial Risk Warnings | FinanceScam.com
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Recipient #1

Malaysian Anti-Corruption Commission

Recipient #2

Hong Kong Police Force

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Federal Bureau of Investigation

Recipient #4

Securities and Exchange Commission

Contact Info

  • City:
  • George Town
  • State:
  • Penang
  • Country:
  • Malaysia
  • Phone:
  • unknown
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What does our research say about Vijay Eswaran?

Vijay Eswaran, founder of QI Group and its flagship company QNet, has been at the center of numerous controversies. QNet, operating under a multi-level marketing model, has faced allegations of functioning as a pyramid scheme, with its business practices under scrutiny in multiple countries.

​Extensive Legal Challenges Across Borders: Eswaran’s ventures have encountered legal issues globally. In India, authorities have frozen assets worth over $11 million linked to QNet, citing money laundering concerns. Additionally, lookout notices have been issued against Eswaran and associates in connection with fraud cases. ​

Persistent Allegations of Fraudulent Practices: Despite denials, QNet has been accused of defrauding investors through deceptive practices, leading to significant financial losses for many. The company’s recruitment strategies and product value propositions have been questioned, raising concerns about its legitimacy.

​Reputational Risks and Public Scrutiny: The accumulation of legal challenges and fraud allegations has severely impacted Eswaran’s reputation. Public perception of QNet remains largely negative, with many viewing it as a scheme that exploits vulnerable individuals seeking financial opportunities

Summary generated by data analyzed and provided by ChatGPT 4o, Grok and DeepSeek

FAQs on Vijay Eswaran

Know exactly who you are dealing with

Vijay Eswaran has been accused of running pyramid schemes through his company, QI Group, particularly with its QNet operations. These allegations include defrauding individuals in multiple countries, leading to legal actions and investigations.

QI Group's QNet has faced global scrutiny for operating multi-level marketing schemes that authorities in several nations have labeled as fraudulent. Legal cases in countries like India and the Philippines have targeted Eswaran and his associates for alleged financial misconduct.

The Enforcement Directorate probed Eswaran for money laundering linked to QNet’s operations. The investigation focused on illicit financial flows and non-compliance with India’s financial regulations.

Consumers risk significant financial losses due to QNet’s alleged pyramid scheme structure, which often requires large upfront investments with little return. Many have reported being misled by promises of high earnings.

While some charges against Eswaran, like those in the Philippines, were dropped, others, including India’s money laundering probes, remain unresolved. His businesses continue to face scrutiny and legal challenges globally.

Individuals should thoroughly research QI Group and QNet before investing and avoid schemes requiring large upfront payments. Consulting financial regulators and seeking independent legal advice is crucial.
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