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HYDERABAD: A former Accenture employee, associated with QNET, an alleged multi-level marketing company, committed suicide on Tuesday under Madhapur police station limits in Hyderabad. The deceased has been identified as A Aravind, a native of Srikakulam in Andhra Pradesh.

According to Aravind's family members, he took the extreme step after allegedly suffering losses in QNET investments.

"The family members told us that Aravind invested about Rs 20 lakh - Rs 25 lakh in QNET. After suffering losses, he was under depression," Venkat Reddy, Madhapur inspector, told TOI.

The deceased was sharing his rented accommodation in Madhapur with another person, a native of Kerala.

On Tuesday, when Aravind's roommate returned from office in the evening, he found the door locked from inside. There was no response from inside despite repeated phone calls and knocking on door.

When police opened the door, Aravind was found hanging. No suicide note was found from him.

"Aravind’s father had cleared most of the debts incurred by him," the inspector further added.

Meanwhile, QNET in a statement denied the company's role in Aravind’s death by claiming that he did not suffer any financial loss. "This information is patently untrue and baseless. Based on company records, we can confirm that Aravind had been a distributor of QNET’s products since 2014. Over the last five years, he had not only purchased a number of products from QNET but had also successfully earned commissions on product sales, consistently," a QNET spokesperson said.

QNET also added that Aravind had never filed any complaints with QNET’s customer support and had never requested for any refund. "On his social media pages, Aravind identified himself as a ‘Happily Unemployable Entrepreneur’," the spokesperson further added.

While explaining about the company's business model, they said that QNET is a direct selling company offering a number of products to help people live a healthy and holistic life. The company does not take any deposits or accepts any investments. Customers who purchase QNET products choose to become distributors by promoting our products and services to earn commissions.

Cyberabad police said that till now 70 persons have been arrested and 30 cases were registered in connection with QNET.

