The Directorate of Enforcement (ED) conducted searches at various locations in Mumbai, Bengaluru, and Chennai on Wednesday in relation to a money laundering case involving M/s Vihaan Direct Selling India Private Limited, which is the master franchisee company of M/s Qnet Ltd in India. During the searches, the ED froze a total of 36 bank […]
Odisha Chief Secy Seeks Action Against QNet & Its Indian Franchise
The Office of Odisha Chief Secretary has written to the Economic Offences Wing (EOW) of Crime Branch praying for action against the alleged multi-crore scam by Hong Kong-based company QNet and its Indian partner Vihaan Direct Selling (India) Pvt Ltd. Acting on a petition filed by one Gyana Ranjan Mishra on November 25, 2019, Chief […]
EOW to probe if IIFA awards organiser took money from Qnet
#Qnet #IIFA #EOW According to the complainant, the money spent sponsoring the IIFA awards, belonged to victims of the Qnet scam. He also requested for an investigation into the company’s link with Bollywood. The Economic Offences Wing (EOW) of the Mumbai police has launched an inquiry into the allegation that Wizcraft International Entertainment Pvt Ltd, […]
Four held in Qnet case
Four persons have been held today for their alleged involvement in the multi-level marketing ‘Qnet’ case, police said. The four persons, identified as V Bal Reddy, Gautam Desai, Dasari Nagaraju and Cheemakurti Manikanta, were arrested today and Rs 15 lakh, deposited in different bank accounts, were seized from them, district Police Commissioner A B Venkateswara […]
QNet seeking court intervention to challenge the ban
QNet franchise moves court against ban #QNet #CafeCoffeeDay #VihaanDirectSelling #MLMScam Almost 2 months after the Mumbai authorities ordered cafe Cafe Coffee Day (CCD) to close doors to representatives of Hong Kong-based MLM company QNet. Now one of its franchises has actually challenged the restriction in the Karnataka high court. Vihaan Direct Selling (India) Pvt Ltd […]
Rep of Public Relations firm summoned in alleged QNet Scam
Economic Offences Wing (EOW) Of The Mumbai Police summoned the rep of a Public Relations firm, who is handling the account of QNet in India. At the same time, EOW authorities have also written to the banks that under section 91 and 102 of CrPC and Section 4 of the Bankers Books Evidence Act, 189, to […]
EOW Special Investigative Team to Probe QNet Case
To give pace to the alleged 425 crore Qnet scam, the Economic Offences Wing (EOW) of Mumbai Police has set up a Special Investigation Team. The EOW is additionally checking out strict lawful options, which will make it mandatory for the suspects concealing abroad to show up before investigators in Mumbai, authorities claimed.
Qnet Scam: Michael Ferreira’s ex-daughter-in-law arrested
Michael Ferreira, who is already facing questions for his involvement in the alleged Qnet scam, now his ex-daughter-in-law got arrested by Mumbai EOW on friday. The Economic Offences Wing (EOW) of Mumbai Police on Friday arrested Susan Nikhil Chatterjee. The police said that she along with her ex-husband, Mark Ferreira played an important in encouraging gullible people to […]
QNet: Ferriera and others submitted fake documents to the court, clams EOW
Once again QNet is in the news, all for wrong reasons. Recently, the Economic Offences shared that QNet leaders misled the Court by submitting a fake document along with their bail applications. And the same was denied by the police officer who signed or prepared the documents. The F.I.R was registered by Enforcement Directorate (ED) upon […]
EOW Opposes Michael Ferreira’s Bail Plea at the Court
Former billiards champion Michael Ferreira filled for anticipatory pre-arrest bail plea at the Mumbai court. But the same was challenged by Economic Offences Wing of Mumbai police. He is wanted in the alleged Rs 425-crore QNet scam .