• Home
  • हिन्दी
  • Scam Companies
  • Submit Article
  • Submit Press Release
  • Advertise
  • Contact

MLM News

NetworkingEye.com: MLM News, MLM News in Hindi, MLM business, MLM Companies, Scam Companies

After Court Order Michael Ferreira appeared before Economic Offences Wing

By Ak Sharma | Published: January 29, 2014

Rate this News

For quite some time, Michael Ferreira was avoiding appearing before Mumbai Economic Offences Wing in connection to the Rs 425 crore QNet scam but appeared on Monday, when the Session Court asked him to do so.

From past many days, Ferreira was avoiding appearing before the Mumbai Economic Offences Wing but later changed his mind when the Mumbai session court hearing his anticipatory bail application directed him to present himself before the police by 27th January.

Prior to this, on 2nd January, Mumbai Police has issued a lookout notice against Ferreira, when he did not appear before them, in spite of summons issued in the second week of December, where EOW asked him to explain his role and association with Qnet.

Last week when the Sessions Court granted interim bail to Ferreira from arrest till 31st January also directed him to appear in person before the EOW.

The former world champion is founder of Faith, where he started as a distributor network under the QI brand.

Ferreira said “I am shocked to find that this simple thing has been blown out of proportion by the media and I am being portrayed like some demon. As for the company due paying investors, I am also shocked to hear that,”.

In December when he spoke with news channels, Ferreira  said that he would appear before the investigating agency as soon as he returns to India. During the interaction he also defended Qnet.

Filed Under: Investment Scam, MLM News, MLM SCAMS, Qnet India [jetpack_subscription_form title="SUBSCRIBE TO Networking Eye - MLM News " subscribe_text="Sign up for our newsletter and receive news, updates, and the latest alerts." subscribe_button="Sign Me Up" ]

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

LATEST NEWS

  • Korvio-Voscrow-Hypernext Accused Denied Bail: HC Cites Rs 500 Crore Investor Loss, Main Accused Still at Large
  • CBI Arrests GainBitcoin’s Tech Architect at Mumbai Airport
  • Bitcoin Investment Fraud: ED Freezes Rs 10 Crore Dubai Assets as Multi-State Crypto Scams Expose India’s Regulatory Gaps
  • ED Arrests Digi Mudra Director in Multi-Crore My Victory Club Ponzi Scheme: Rs 38 Crore Found in Bank Accounts
  • Top 5 Fastest Growing MLM Companies in India 2023: Vestige, Amway, Herbalife, Forever Living, and Modicare

COMMENTS

  • Finlaw Consultancy on SCAM Companies New Updated list
  • Navigating the Maze of MLMs in the Beauty Industry: What You Must Know » MLM News on Things to Know Before Investing In MLM
  • Navigating the Maze of MLMs in the Beauty Industry: What You Must Know » MLM News on Direct Selling sector as a retailing medium in India is yet to gain momentum
  • Navigating the Maze of MLMs in the Beauty Industry: What You Must Know » MLM News on Decriminalization of MLM: its Importance and Issues
  • QZ Asset Management Executes Full Exit Scam; Website Unreachable » MLM News on Beware of these MLM companies

Copyright © 2014–2026 · NetworkingEye.com

About Us · Privacy Policy · Cocky Policy · Terms & Conditions