QNet Fraud Case | Hyderabad, Sept. 20: The Central Bureau of Investigation has registered a case against QNet and 15 other accused in connection with the death by suicide of a young man from Siddipet district.
The case relates to Badugu Harikrishna, a resident of Velur village in Vargal mandal. According to the complaint and FIR details, Harikrishna had borrowed money through digital lending platforms and invested funds in online betting, gaming applications and QNet.
The investigation states that he suffered financial losses of around Rs. 4 lakh. He died by suicide at his home on October 9, 2025.
Harikrishna’s father, Badugu Nagaraju, had approached the police following his son’s death. Police initially registered a case at Gowraram Police Station in Siddipet district.
QNet Fraud Case | CBI Takes Over QNet-Linked Investigation
The case was subsequently transferred to the Telangana Crime Investigation Department on March 4, 2026, following the initial investigation. The state government later handed over the case to the CBI.
The central agency has now re-registered the case as a Regular Case based on the documents received from the CID. The CBI FIR names QNet, Vihaan Direct Selling India Private Limited and several of its directors and alleged direct-selling associates.
The accused include Vihaan directors Dilipraj Pukkela and Mohammad Imthiaz, along with other individuals named in the FIR. In total, 16 accused have been named.
The case includes provisions of the Bharatiya Nyaya Sanhita and the Prize Chits and Money Circulation Schemes (Banning) Act. The CBI will examine the alleged investment and money-circulation activities and their connection to the circumstances surrounding Harikrishna’s death.
Harikrishna had reportedly left a note before his death referring to the financial difficulties he faced. However, the allegations contained in the complaint and FIR remain subject to investigation.
CBI action
The latest CBI action comes months after Hyderabad police also conducted a major crackdown on an alleged QNet-linked multi-level marketing network. In March 2026, police arrested 32 people in cases involving alleged illegal money-circulation activities across Telangana, Andhra Pradesh and Karnataka.
The CBI investigation is expected to establish the alleged financial network, identify the roles of the accused and determine the circumstances surrounding the Siddipet case.
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