Mon, Jun 26, 2017 | updated 07:48 AM IST

Qnet scam: Padma Bhushan awardee Michael Ferreira arrested

Updated: Oct 19, 2016 10:39 IST      
Qnet scam: Padma Bhushan awardee Michael Ferreira arrested

Hyderabad (Telangana) [India], Oct. 19 (ANI): Hyderabad police took former World Billiards Champion and Padma Bhushan awardee Michael Ferreira along with three others in their custody in connection with an FIR registered against them in a multi-crore rupee Qnet scam multi-level marketing (MLM) fraud case.

After Ferreira's anticipatory bail was rejected by the Supreme Court, who was booked by the Economic Offences Wing, surrendered in a special Maharashtra Protection of Interests of Depositors Act court on October 1.

He was first remanded to EOW custody till October 13 and then to judicial custody, after which the Hyderabad police sought his transit remand.

Earlier, a Honk Kong based company had started its business in India with its headquarters in Bangalore.

It operated in India under the 'Vihaan Direct marketing selling company' which sold products like magnetic disks, herbal products and holiday schemes.

An FIR in connection with the alleged Qnet scam was registered in April 2013 after Gurupreet Singh Anand, a member who did not get the promised returns, lodged complaint.

Ferreira and his other associates were directors of Vihaan Direct Selling India (Pvt) Ltd, which was running and operating the illegal money circulation scheme under the name and style of QNET -previously known as Questnet in India.

Nearly 5 lakh investors from across the country were allegedly cheated in this scam. (ANI)

QNET has been accused of using the banned binary pyramid business model for their multi-level marketing (MLM) schemes to lure investors. (ANI)

BJP backs PM Modi's Emergency remark

Updated: Jun 26, 2017 07:35 IST     

New Delhi [India], June 26 (ANI): The Bharatiya Janata Party (BJP) on Monday backed Prime Minister Narendra Modi's Emergency remark saying that the young generation must recall and remember the dark chapter in the electoral history.

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Operation Prahaar shakes confidence of Naxals in Sukma

Updated: Jun 25, 2017 23:48 IST     

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'Greed for power' is keeping RJD-JDU united: BJP

Updated: Jun 25, 2017 23:47 IST     

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Lucknow (Uttar Pradesh) [India], June 25 (ANI): Despite Center's ban on the use of red beacon, Bharatiya Janata Party (BJP) MLA Mahesh Trivedi was caught taking use of the facility here.

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Eid to be celebrated across India on Monday

Updated: Jun 25, 2017 21:21 IST     

Lucknow (Uttar Pradesh) [India) June 25 (ANI): Eid-al-Fitr will be celebrated across India on Monday, announced Muslim cleric Khalid Rasheed Firangi Mahal here today.

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Srinagar (Jammu and Kashmir) [India], June 25 (ANI): Jammu and Kashmir Chief Minister Mehbooba Mufti on Sunday announced Rs.five lakh ex-gratia for the kin of a tourist family and three local youth, who were killed after the gondola cable in the tourist resort of Gulmarg snapped after a tree fell.

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New Delhi [India], June 25 (ANI): Union Finance Minister Arun Jaitley on Sunday unleashed a tirade against the Congress for cornering the Centre and accusing it of donning a dictatorial attitude and said that it was the grand old party which imposed emergency on the nation and slay democracy.

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GST will not hike inflation, assures Centre

Updated: Jun 25, 2017 20:36 IST     

Chennai (Tamil Nadu) [India], June 25 (ANI): Union Minister Nirmala Sitharaman on Sunday rubbished reports of inflation hike post Goods and Services Tax (GST) roll out, and said that the tax reform will reduce the existing tax slab.

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J-K: Pak violates ceasefire in Naushera sector again

Updated: Jun 25, 2017 19:42 IST     

Naushera (Jammu and Kashmir) [India], June 25 (ANI): The Pakistan Army on Sunday continued to initiate unprovoked and indiscriminate firing of small arms, automatics and mortars in Jammu and Kashmir's Naushera sector along the Line of Control (LoC).

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Srinagar: Security forces gun down two terrorists in DPS

Updated: Jun 25, 2017 19:23 IST     

Srinagar (Jammu and Kashmir) [India], June 25 (ANI): Two terrorists, who were holed up in the Delhi Public School in Srinagar's Panta Chowk since yesterday, have been neutralized by the security forces.

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Miscreants destroy Sabarimala Ayyappa temple mast

Updated: Jun 25, 2017 19:02 IST     

Kerala (Thiruvananthapuram) [India] June 25 (ANI): The base (panchavargathara) of the new golden temple mast installed at Sabarimala Ayyappa temple on Sunday was found destroyed using mercury. The ceremonial installation of the new temple mast was to be held today.

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New Delhi [India], June 25 (ANI): Opposition's presidential nominee Meira Kumar on Sunday wrote a letter to the electoral collegium or college seeking support in the presidential elections that is scheduled to take place on July 17.

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Kovind meets UP CM, BJP MLAs and MPs in Lucknow

Updated: Jun 25, 2017 19:00 IST     

Lucknow (Uttar Pradesh) [India], June 25 (ANI): National Democratic Alliance (NDA) Presidential nominee Ram Nath Kovind on Sunday was welcomed by Uttar Pradesh Chief Minister Yogi Adityanath here.

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Mortal remains of CRPF SI Sahab Shukla sent to hometown

Updated: Jun 25, 2017 18:34 IST     

New Delhi [India] June 25 (ANI): Mortal remains of Central Reserve Police Force (CRPF) sub-inspector Sahab Shukla, who was killed in a militant attack at Phanta Chowk, Srinagar on Saturday was flown to Delhi on Sunday.

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Gulmarg (Jammu and Kashmir)[India] June 25 (ANI): Four tourists from Delhi and three others died on Sunday here after a tree fell on the Gandola cable car.

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