Former world billiards champion and Padma awardee Michael Ferreira has been summoned by the Economic Offences Wing (EOW) of the city crime branch in connection with the alleged Rs425-crore scam involving multi-level marketing (MLM) firm QNet.
“Ferreira has been summoned to be present before us to record his statement in connection with a case related to the QNet scam. We want to question him with regard to his association with the scam-hit company and his role, if any,” said an EOW officer.
The EOW has already arrested nine team leaders of QNet for allegedly duping investors by selling magnetic disks, herbal products and holiday schemes using fraudulent practices. QNet is also accused of using the banned binary-pyramid business model to entice investors into their MLM schemes.
The accused have been charged with cheating, forgery and under relevant sections of the Prize Chits and Money Circulation Schemes (Banning) Act, 1978.
Meanwhile, the Esplande court has granted bail to eight of the nine accused on cash surety of Rs1 lakh each. The court has ordered the accused persons to submit their passports with the investigating officer. The court has also ordered them to not tamper with the evidence and to cooperate with the investigating agency whenever required.
The accused persons released on bail are Jagdev Parmar, Vivek Kumar, Manish Bhansali, Bijoy Mathews, Sabina Bjoy Joshef, Rohit Chandra, Namrata Pandey and Shashibhushan Pandey.
The Hong Kong-based QNet company has been trying to operate in India under various names for several years. For the last two years, it has been operating through Vihaan Direct Market Selling, whose master franchise is based in Bangalore.