(MENAFN - Arab News) Saudi Arabia has banned Qnet, a network marketing company, and said it would punish those involved in the suspicious business venture. "This network marketing activity involves deception of citizens and has been banned in a number of countries," the Ministry of Commerce and Industry said.
The ministry urged Saudis and expatriates not to take part in the activities of such network marketing companies. It also advised the public to inform the ministry about individuals promoting such business by calling the toll-free number 8001241616.
"This business activity has not been registered with the ministry. Moreover, there have been official instructions in the past banning activities that involve deception and stealing others' money through falsification," it explained.
The ministry stressed that it would take all measures to stop this form of business activity in the Kingdom with the support of relevant agencies.
Qnet has introduced itself as the world's largest and fastest-growing online shopping and business community. "Ever since 1998, we've been home to a new breed of healthy, happy and successful people of all ages, races, gender and socioeconomic status," it said.
As an established, dynamic direct selling company, we provide the framework and tools that allow our members to actively raise their quality of life through value-added lifestyle products and through our network marketing business opportunity and attractive Compensation Plan, its website said.