The Commercial Division of the Accra High Court on July, 20th 2022, ordered the dissolution of the Quest Net Limited (Q-NET), following a petition filed by the Attorney General seeking the dissolution of the Q-NET; a marketing company, for operating in a manner akin to a Ponzi scheme.

The Court also restrained the Directors, members, and officials of the Company from exercising any powers that pertained to the running of the company under the then companies Act 1963, Act 179, under which Q-NET was incorporated.

Up until the dissolution of the company, several reports were lodged on their activities in the Ashanti Region. Even after its dissolution, there have been reports and some arrests of culprits engaged in the illegal and fraudulent activities of Q-NET in the Region.

It is in this regard, that the Ashanti Regional Security Council, wishes to caution Landlords in the Ashanti Region, who rent out their facilities to be used for these activities to desist from doing so. For the avoidance of doubt, Q-NET, since July, 20th 2022, has been declared illegal and fraudulent in the country.

Landlords who rent out their facilities for that purpose, do so at their own risk and will be prosecuted as such. The Landlords will not only be prosecuted but will also be surcharged with the cost of the repatriation of the foreign nationals engaged in the illegal operations, to their home countries.

It is the expectation of the Regional Security Council that Landlords will be vigilant and ensure that they are not lured into accommodating the operators of the illegal and fraudulent scheme.

We are all responsible for our security and we need to be vigilant. SEE SOMETHING, SAY SOMETHING is very relevant in the period in which we live. Let us all be vigilant and together, ensure the security of our region.

Thank you.






Posted in News, Press Release.

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