[Resolved]  Qnet — MUMBAI POLICE EOW SHUTS DOWN QNET BANGALORE OFFICE

http://timesofindia.indiatimes.com/City/Mumbai/Eonomic-offences-wing-raids-at-QNet-Office-in-Bangalore/articleshow...⇄ Eonomic offences wing raids at QNet Office in Bangalore MUMBAI : The city economic offences wing (EOW), probing the Rs 425 crore cheating case involving marketing firm, QNet, raided the firm's office in Bangalore and downed its shutters. Meanwhile, a bank account belonging to a PR firm which was dealing on behalf of QNet has been frozen. QNet, pretending to be marketing firm sold bio disc and other stuff to investors promising quick cure for several diseased including Cancer. It sold bio discs and electronic items and cheated people, said police. The schemes began from Rs 30, 000 onwards. An officer who is part of the cheating case probe told TOI that they searched the office of Vihaan Direct Selling, master franchise of QNet in Bangalore, and downed its shutters. "It was taken by the QNet on rent. Padmabhushan recipient Maichael Ferrera, also shown an accused in this case, owns more than 80 per cent share in Vihaan while the rest 20 per cent share belong to Malcolm Desai. Both have approached the court for anticipatory bail, " the officer added. The police said that even after a criminal case was registered against QNet, its office bearers continued the business and were busy in collecting the money across India. "They were making new members and cheating people, " the officer said. There are more than one lakh investors in QNet. A PR company which has been in touch with the media on behalf of QNet came under the police radar last month. "We have frozen their bank account in a Fort bank. Their officials have been summoned again and we are collecting evidence against all the accused, " the officer added. More arrests are likely soon.