The Mauritius Financial Services Commission (FSC) reissued an investor warning concerning Qnet Ltd, owned by QI Group, citing a growing number of complaints reported despite an earlier investor alert. The FSC reiterated that Qnet Ltd, QI Group and any individuals, representatives or promoter groups operating under those names are not, and have never been, licensed or regulated by the FSC. It urged the public to exercise caution and highlighted red flags such as unusually high or unrealistic short-term returns, aggressive pressure to invest, referral-driven commission structures, opacity about the scheme, and schemes that mainly operate via social media with little or no physical presence. Consumers were encouraged to seek independent advice and to check the FSC Register of Licensees.
Mauritius Financial Services Commission 2025-03-27
Mauritius Financial Services Commission reiterates investor warning that Qnet Ltd and QI Group are not FSC-licensed amid rising complaints
The Mauritius Financial Services Commission (FSC) reissued a warning about Qnet Ltd, owned by QI Group, due to increasing complaints despite a prior alert. The FSC emphasized that Qnet Ltd and related entities are not licensed or regulated by the FSC and advised caution against schemes promising high returns, using aggressive tactics, and lacking transparency. The public is urged to seek independent advice and verify entities via the FSC Register of Licensees.