The Financial Services Commission

Communiqué: QNET LTD/QI GROUP The Financial Services Commission Mauritius (FSC) wishes to draw the attention of the members of the public to the Investor Alert issued against Qnet Ltd, owned by QI Group, on 06 November 2023. The FSC notes with concern that despite the Investor Alert, a growing number of complaints have been reported against Qnet Ltd. The FSC wishes to reiterate that Qnet Ltd/QI Group and/or any other individuals or representatives or promoter groups operating under this name are not and have not, at any point in time, been licensed and regulated by the FSC. Members of the public are urged to exercise caution and to pay particular attention to the following red flags, prior to responding to any kind of investment offers:  ‘Investment schemes’ with unusually high or unrealistic returns or profits in a short amount of time;  Representatives/promoters pressurising and using aggressive techniques to invest in the ‘investment schemes’;  Emphasis on referring prospective investors in return for commissions/returns;  Opacity surrounding the ‘investment schemes’;  ‘Investment schemes’ that predominately exist on social media platforms having little or no physical presence. Consumers of financial services are encouraged to seek independent advice prior to engaging in any investment activities and to consult the Register of Licensees available on the FSC website for persons/entities duly licensed/authorised/registered under the relevant Acts on the following link: https://www.fscmauritius.org/en/supervision/register-of-licensee and/or to contact the FSC for more clarifications on mail@fscmauritius.org.