QNet's sub-franchisee Vihaan India Pvt Ltd is set to shut down operations. Gurupreet Singh Anand, whistleblower in the QNet scam, said at a press conference on Wednesday that the company is in the process of winding up. "QNet victims will get back their money," he said, while also pointing to the three QNet-related suicides. Citing communication (dated August 8) by the Ministry of Corporate Affairs, signed by JoseKutty V E (Joint Director), he said that a petition has been filed by the Registrar Of Companies Bangalore for winding up the company under a section of the Companies Act 2013 before the National Company Law Tribunal.

The conference saw Anand holding up a 'bio disk' which he claimed QNet sells touting some health benefits. "This disc, costing Rs 30,000, has no healing properties. Similarly, this 'chi' pendant, that costs Rs 25,000, that they sell is nothing but glass, it has no special properties," he said. The Financial Frauds Victims Welfare Association said that more than Rs 20,000 crore has been 'laundered' out of India by QNet. QNet, however, slammed Anand, saying that "distributors are not investors."