In a significant intelligence-led operation, the Ghana Police Service arrested 487 individuals suspected of being involved in the Ponzi scheme known as QNET.
The arrests took place on Monday, September 2, 2024, in Kumasi, Ashanti Region.
The suspects, comprising 257 females and 230 males, were apprehended in a residence located in Adwuman, near Kenyasi, a suburb of Kumasi.
Preliminary investigations revealed that these individuals had allegedly lured unsuspecting victims from various parts of the country with promises of lucrative returns on their investments through the QNET scheme.
During the operation, the police seized several exhibits, including registration documents and other materials bearing QNET logos, further linking the suspects to the fraudulent scheme.
Among the arrested, twelve individuals identified as key executives of the operation have been named: Gyereh Evelyn, Francis Kpesah, Samuel Musah, Simon Yakubu, Thomas Kotual, Kwasi Nyabi, Benjamin Nsigma, Elijah Musah, Moses Katu, John Balabon Tagnakibi, James Nogma, and Fidelis Bang-ib.
These suspects are currently in police custody, assisting with ongoing investigations.
The Ghana Police Service issued a statement urging the public to remain vigilant against such schemes and to report any suspicious activities to the authorities.