Companies & Sectors
SC notice to CBI, ED on probe plea against Hindalco, Sasan plant

The court also issued notice on a plea for investigation into permission granted for diversion of coal from the captive coal block allocated to Sasan UMPP that was adversely commented upon by the Comptroller and Auditor General (CAG)


The Supreme Court Monday issued notice to the Central Bureau of Investigation (CBI) and Enforcement Directorate (ED) on the plea by NGO Common Cause seeking a probe into alleged "hawala transactions, money laundering and bribery" for allocation of Talabira II coal block to Kumar Manglam Birla-owned Hindalco.
The court also issued notice on a plea for investigation into permission granted for diversion of coal from the captive coal block allocated to Sasan UMPP that was adversely commented upon by the Comptroller and Auditor General (CAG).
A bench of Justice Madan B. Lokur, Justice Kurian Joseph and Justice A.K.Sikri, hearing cases rooted in the coal block allocation scam, issued notice after counsel Prashant Bhushan, appearing for the NGO, said no probe was undertaken despite Income Tax department saying that Hindalco allegedly paid Rs.200 crore to various people for securing interest in Talabira coal block.
Contending that this was a clear case for thorough investigation, Bhushan said how could the investigating agencies take a position that they will not investigate these payments made by Hindalco.
He said that Income Tax department came to the conclusion on the basis of details revealed in the diary seized by the CBI from the office of the Hindalco.
Bhushan gave to the court, in a sealed cover, what he described as the findings of the Income Tax investigation into use of money by Hindalco to facilitate the allocation of a part of the coal block.
On Sasan UMPP, Bhushan, seeking investigation into the permission granted for the diversion of coal, contended that it caused a loss of Rs.29,000 crore to the public exchequer.
He said that that apex court in its judgment cancelling the coal blocks had said that no coal from the captive coal blocks allocated for UMPP would be diverted for any other purposes.
The court on Monday also asked Attorney General Mukul Rohatgi to ascertain from former CBI officer M.L.Sharma if he was inclined to head the team that would look into the meetings former agency chief Ranjit Sinha had with coal block allocation scam accused.
The SIT so set up would investigate if these meetings had in any way impacted the investigations and subsequent charge sheets or closure reports filed by the CBI in the coal block allocation scam cases.
At the outset of the hearing, Rohatgi told the court that the Central Vigilance Commission (CVC) did not have an investigating arm to undertake the exercise and a team of officers of impeccable integrity could be constituted to investigate the matter.
While directing the listing of the matter next week, the court asked Rohatgi to speak to Sharma and seek his consent.
The court also said that if Sharma gives his consent, then he should be asked to give a few names that he may like to have in the SIT to investigate the matter as directed by the apex court by its May 14 order, in which it, holding as "inappropriate" the meetings between Sinha and the accused, had referred the matter to the CVC for its opinion about further course of action.
"It is necessary to look into the question whether any one or more such meetings of Mr.Sinha with accused persons without the investigating officer have had any impact on the investigations and subsequent charge sheets or closure reports filed by the CBI."
Meanwhile, Special Public Prosecutor in coal block allocation scam cases R.S. Cheema on Monday told the court that it should consider setting up another court to try the coal block scam cases as the hands of the present court were already full.
Cheema told the court that of the 50 or so cases, the existing trial court was holding trial in 32 and it would take about two years to complete their trial.
The remaining 18 or so cases should be entrusted to another court, he requested.


RIL proposes to sell 3.25 crore shares in NW18

Shinano Retail Private Limited is 100 percent owned by Reliance Industrial Investments and Holdings Limited, a wholly owned subsidiary of RIL


Reliance Industries Limited (RIL) on Monday announced that it is proposing to sell 3.25 crore shares of Network18 Media & Investments Limited (NW18), to bring down the aggregate shareholding of the promoter and promoter group to 75 percent and increase the public shareholding to 25 percent as mandated by the regulations.
"Reliance Industries Limited today announced that it is proposing to sell 3.25 crore shares of Network18 Media & Investments Limited, (representing 3.10 percent of the equity capital of NW18) to bring down the aggregate shareholding of the promoter and promoter group to 75 percent and increase the public shareholding to 25 percent as mandated by Clause 40A of the listing agreement pursuant to Securities Contract (Regulation) Rules, 1957," said a company statement.
In this regard, Shinano Retail Private Limited, a promoter group company of NW18, has issued a notice of Offer for Sale of 3.25 crore shares of NW18 through the stock exchange mechanism in accordance with the Securities and Exchange Board of India (SEBI) circulars.
Shinano Retail Private Limited is 100 percent owned by Reliance Industrial Investments and Holdings Limited, a wholly owned subsidiary of RIL.


QNet: EOW to probe Wizcraft International over IIFA sponsorship deal
While the QNET funded the glitzy IIFA awards, the money belonged to the victims of the MLM scam, alleges a complaint to the EOW of Mumbai Police
The Economic Offences Wing (EOW) of the Mumbai police has started a probe into alleged deal between Wizcraft International Entertainment Pvt Ltd that organised the International Indian Film Academy (IIFA) Awards 2015, and QNet, the multi-level marketing (MLM) company facing several cases in India.
Dhananjay Kamlakar, joint commissioner of Police (EOW), told DNA that the EOW has started an inquiry into the allegations. He however refused to share details with the newspaper.
Gurupreet Singh Anand, who earlier had filed complaint against the MLM, alleged that the money gone into organizing the IIFA awards from QNET belongs to innocent victims from India. "The whole Bollywood link to the QNET SCAM needs to be investigated thoroughly as many prominent stars have directly promoted various companies and activities of QNET in India and abroad," he alleged in his complaint.
QNet, against which a probe is going on across several police stations in India, is listed a direct selling partner on IIFA website ( ).
According to Anand, the complainant, QNet is using the IIFA platform to further its business in India. In his complaint to Mumbai Police, he requested a thorough investigation into the trail of the money that went into the IIFA award function.
Last month, the EOW of Vijaywada police arrested four people, V Bal Reddy, Gautam Desai, Dasari Nagaraju and Cheemakurti Manikanta, and seized from them Rs15 lakh, deposited in different bank accounts. However, one Gangadhar, the key person, who owned Vihaan Direct Marketing, a franchisee of QNet, was absconding, the Police said. According to Vijaywada police, the agents had appointed 134 first level salesmen by collecting Rs1.17 crore, another 13,400 second level salesmen were joined by the 134 sales persons.




1 month ago


Ever since you lost your hard earned money in QNET SCAM, you all have multiple questions and facing multiple issues like :

1. Where and whom to approach for recovering your hard earned money?

2. How to help fight and stop this QNET SCAM?

3. How to teach your CHEATER UPLINES a lesson?

4. Issues regarding the “so called” “REFUND POLICY”.

5. Are you eligible for “Compensations”?

6. Issues regarding action buy police authorities.

7. What is the status of the court cases etc.

These are an example of just a few issues and concerns you are facing, but there is GOOD NEWS for you all. We have been working overtime to try and bring an end to these woes and issues faced by Victims of Financial Frauds like this QNETSCAM.

So guys and girls tomorrow is the BIG DAY finally , Please do join us tomorrow (Sunday) afternoon at 1.30 PM sharp at Andheri east, outside Sarangi Restaurant (Just 1 minute from the Andheri station on the east side).

Please do come and also inform other victims of the QNETSCAM.
Tomorrow (Sunday) afternoon sharp 1.30 PM, outside Sarangi Restaurant , Andheri-east, Mumbai.

Please note we have limited seats, first come first served basis make sure to reach in time __/\__ . You can contact on 7498063701 in case of difficulty in locating us :)

Jai Hind.

jitu moni

1 month ago
Four persons, who were associated with Hong Kong-based QNET, a multi-level marketing (MLM) company, and duped 200 persons by promising them jobs, were arrested by Central Crime Station (CCS) officials on Thursday. However, the MD and directors of QNET and its sister company Vihaan Direct Selling are still at large.

Deputy commissioner of police (CCS) Avinash Mohanty said Sreenath Konda, Prasanna Kumar Reddy, V Kanchana, B Dhan Raj were arrested from different locations in the city for cheating people.

Police said the accused had been enrolling gullible people as agents by collecting Rs 10 lakh from a group of 10 persons.

Each person would be given status of promoter, direct them to attract a group (i.e., 10 persons) and make them join QNET by paying Rs 10 lakh, for which the promoter would be assured commission.

jitu moni

2 months ago
Mumbai: The Supreme Court on Thursday directed the Maharashtra Government to file the latest status report regarding investigation so far on the anticipatory bail plea of World Billiards champion Michael Ferreira and four others, who are facing charges of money laundering in the multi-crore QNet case.

The next hearing in the matter will take place on September 14.

Besides Ferreira, the others whose anticipatory bail plea were rejected were Malcom Desai, Vanka Srinivas, Maganlal Balaji, all directors of M/s Vihaan Direct Selling (India) Pvt. Ltd, and Suresh Themiri, director of Transview Enterprises.
They are facing charges under Sections 420 (mischief), 468 (forgery), 471 (using forged document knowing it is not genuine) of the Indian Penal Code (IPC).

Justice Mridula Bhatkar of the Bombay High Court, who took on record the statement of public prosecutor Pradeep Gharat that investigations were still on, had in May rejected their anticipatory bail pleas.

Ferreira had started the operations of QNet, a multi-level marketing company, in India via his firm Vihaan Enteprises.

The QNet cheating case began with a complaint by Gurpreet Singh Anand, who raised his voice after losing Rs. 30,000.

According to the police, the money involved has crossed Rs. 1,000 crores in the alleged scam with more than five lakh investors allegedly losing their money in the case against QNet which is being probed by the Economic Offences Wing.

jitu moni

3 months ago
NewsAmbit, New Delhi
Delhi Police Economic Offence Wing(EOW) has registered an FIR against QNET India/Vihaan Direct selling India Private Limited and its three independent representatives on the allegations of cheating and fraudulently operating the multi level marketing, which is illegal in India. Police have initiated the investigation and suspecting huge scam, which is estimated in crores.
A senior Police officer of EOW said that we received a combined complaint against QNET India and its three independent representatives from more than dozen of people in the month of March this year. As per the allegations of main complainant Anuj Jain alleged that his friend Himashu Aggarwal approached him for an business opportunity. He said that he is an independent representative(IR) of an e-commerce based company. He said that he can arrange an meeting with the other IR’s who will tell you about the business and if they find you suitable you will get chance to be a part of the company. After few days Himanshu called Anuj Jain to come with a CV at a café situated in Nehru Place area on 29 November 2015. Anuj reached there, where he met with Himanshu and his to associates Anita Jaggi and Kanika. Trio told him about the business profile and also assured that this is not a networking marketing company. They demanded Rs 6.5 lakh to be a member of the company. They also said that company has millions of customers. IR of the company is treated as a partner and also got the profit share for each sale. After three four days Anuj gave them 6.5 lakh rupees but after some time he got to know that this is a multi level marketing company and fraudulently cheating innocent persons by roping them in it’s banned business with the help of IRs.
Police said that Anuj is not the only complainant so many more complainants also approached to EOW. After which a preliminary enquiry had conducted. It was found that some persons who are termed as IR contact their friends and close persons to join a new e-commerce business. They don’t tell the name of the company or complete business module at the beginning. After alluring them they set various amounts from the victim. Independent Representatives(IR) get training during the joining and talk to make further members. These kinds of IRs of the company are operated from different cafes and food courts situated in Delhi and NCR.
Those who join the company get user id etc and products like ravel packages, some other items etc are shown purchase from their money. The delivery address given in the portal is also found of overseas area most of the time and mostly that address is too fake type location only which shows that no products are being sold and it is a completely a money circulation scheme. Two websites were found involved in the namely and were found mated to Vihaan Direct selling (India) Pvt ltd which is stated Indian Franchisee of Hong Kong based net company. Investigations are on. Police are trying to unearth the whole network of the IRs on which this company is running its business unlawfully in Delhi. A case has been registered u/s 420/120B/34 IPC and 4/5/6 of Prize Chits and money circulation Schemes(Banning) Act,1978 .

Profiles of IRs
Himashu works with Samsung
Anita Jaggi works with RBS

jitu moni

5 months ago

jitu moni
24 minutes ago
Bluru QNet agent who earned 50L a yr as commission held
Mumbai: The Economic Offences Wing (EOW) has arrested Ram Singh, an accused in the Rs 1,000 crore QNet case, for earning Rs 50 lakh or more as commission each year from proceeds of the crime.

Singh, a Bengaluru resident, was arrested last week after the imigration authorities at Bangalore airport detained him over a look out circular notice (LOC) issued by the Mumbai police. "We are going through all his bank account details and trying to ascertain the source of money to his account," said DCP Pravin Padwal of the EOW.

Singh's name had cropped up during the initial investigation in 2013 but the police could not locate him then. In January 2015, a police team visited his Bengaluru residence but did not find him there. The house was locked. He is the 19th accused to be arrested in this case so far.

"We are working to arrest all the culprits in this case. A special investigation team has been formed to nab the othe accused invovled," said Dhananjay Kamalakar, joint police commissioner, EOW. Singh, said police sources, has been sending money to his daughter who is studying in Canada. "We have to know his source of income. He has sent a major chunk of money to Canada. We suspect this money was gained from QNet. Moreover, he was looking after the QNet business in Dubai and has been shuttling between Dubai and India. We got his passport number late. Soon after getting it, we issued an LOC notice and he was detained," said an officer.

A special MPIDA court in February this year rejected the anticipatory bail plea of Michael Ferreira (77) winner of the World Amateur Billiards Championship and a Padma Bhushan recipient, and four others, Malcom Desai, Vanka Srinivas, Maganlal Balaji, all directors of M/s Vihaan Direct Selling (India) Pvt Ltd and Suresh Themiri, director Transview Enterprises. They all have approached the high court now in the QNet case.

"They posed as a marketing firm which would sell bio-discs, watches, herbal products, holiday packages, etc. They even claimed that by using the bio-disc, one can cure cancer and brain diseases," cops said. Some money has been transferred to Malayasia, Singapore and Hong Kong, too, cops added.

jitu moni

5 months ago
Mumbai: The city's economic offences wing (EOW) is now looking into allegations that several Bollywood celebrities campaigned for the cheat firm, QNet, through advetisements or by promoting the schemes of the self-proclaimed marketing firm.

Gurupreet Singh Anand, complainant in the Rs 1,000-crore QNet cheating case, on Wednesday said at least four Bollywood actors promoted the Ponzi schemes at different times in the QNet's promotional programs in United Kingdom and Malaysia. He has submitted a 23-page letter wherein he has attached the celebrities' pictures promoting the programs.

"I have submitted letter and all the relevant information to the EOW on May 12. I am hoping some action soon," Anand told TOI. He alleged that the money was laundered from India to Hong Kong and Malaysia.

Anand was speaking at a press conference where suddenly a group of QNet sympathisers appeared with "I trust QNet" placards.. They were later asked to leave the conference room.

jitu moni

6 months ago

QNet: Secret SFIO report says MLM, Ponzi schemes a threat to national security
Read article

jitu moni

6 months ago

Hello Everyone

The company Qnet is celebrating VCon from 3-7 May. As a present,yesterday late night, I posted lot of comments on numerous pics uploaded on Instagram. I also posted on VChief Pathmans account. Unfortunately, they kept deleting my posts and had to ultimately block me. If each one of us, Indians, takes to instagram and starts posting messages like me, then they would have to either block us or abandon their account, which is their money making tool. You can start with Qnetofficial,TheV, Pathmans account, etc with phrases like Pyramid Scheme, Qnetscam, Franchise Fraud, Police arrests, court cases,Cheating, etc. They cannot stop us if we all work as one unit.

Hope we all teach them a lesson and save other fellow Indians.

Jai Hind

jitu moni

6 months ago
CM Devendra Fadnavis has assured detailed inquiry into QNet: BJP
Chief minister Devendra Fadnavis has promised to make a detailed inquiry of the alleged irregularities by the QNet multilevel marketing company and take action against the offenders, said BJP spokesperson Madhav Bhandari on Saturday. Former union minister P. Chidambaram’s wife was a legal counsellor with the company.

The QNet company, which was earlier known as Goldquest, has cheated 12 lakh people to the tune of thousands of crores of rupees. The court has rejected anticipatory bail to the accused in this case. When the CM was contacted about this, he promised to make a detailed inquiry and take action. If necessary, he said that the CBI’s help would also be taken, said Mr Bhandari.

The party spokesperson demanded that the role of former Union minister P. Chidambaram and his wife needs to be probed in this case. “Mr Chidambaram’s wife was a legal counsellor of the concerned company. Taking note of complaint registered by a lawyer from Chennai, the Central Vigilance Department handed over the case to the CBI. The complaint also has a mention of former Union minister Shashi Tharoor. However, the CBI did not investigate the matter during the tenure of Congress government at the Centre,” he alleged.

In Maharashtra, the wife of Gurpreet Singh Anand had in 2013 filed a complaint of fraud against the company. However, there was not much inquiry during the Congress-NCP regime. But since the court has denied anticipatory bail to other accused, including sportsman Michael Ferreira, the investigation can be expedited. Many sensational things are expected to come out in the investigation as the CM has promised to carry out a detailed probe in the case, said Mr Bhandari.

jitu moni

6 months ago

Mumbai police seeks Zee business help in probe of QNet

jitu moni

6 months ago
A group of investors in the QNet multi-level market case on Sunday gathered near Holy Family Church and marched as a protest and public awarness against ponzi schemes. The protesetors reached at the house of accused Padma Bhushan Michael feriera in the QNet cheating case. The protesters were holding placards that read, Michel Ferriera Shame Shame! and Ban QNet".

"We chose Bandra for protest since most of the accused in this scam reside here. We had informed the police in advance and stated that the peaceful march will be for awareness about such fraud schemes and protest against such ponzi schemes," said Gurpreet Singh Anand, the first complainant in the QNet cheating case. He added that thgough it was his birthday but he did not spend time at home and was busy in the awareness drive.
Similar protests were held in New Delhi, Bangalore and Hyderabad on Sunday. Last month a special MPIDA court rejected the anticipatory bail plea of Michael Ferreira, winner of the World Amateur Billiards Championship and a Padma Bhushan recipient, and four others in the QNet case. They have approached the Bombay High Court for anticipatory bail. Ferreira, 77, and others had applied for anticipatory bail in 2014.

jitu moni

6 months ago
The economic offences wing of Mumbai police, probing the multicrore Qnet scam, has issued notices to Indian Super League (ISL) officials to gather details about taking sponsorship from the tainted company.
Qnet had made celebratory association as the official direct selling partner of Goa Football Club (FC Goa) throughout the Indian Super League 2015 season, from October to December. FC Goa is a part of the ISL football league tournament. Sources said the police are trying to find out the how the proceeds of crime of a company under serious investigation, have been used to sponsor the team. Police are also baffled as how the Qnet managed to generate money when its accounts have been seized. "We have sum moned ISL officials to understand the amount and flow of money in their sponsorship from the Qnet company which had defrauded several investors," said an official.

jitu moni

6 months ago

The fight against the Qnet scam wheré more than 7000 crores of rupees has been laundered out to foreign shores from India has just got bigger.

The Saradha Scam which started mainly in Bengal looks relatively smaller compared to the Qnet scam which had defrauded people across various cities like Mumbai,Delhi,Bangalore,Hyderabad etc for over a period of 10 years.

To unite and protest against this MLM scam plaguing India, all victims,activists, are requested that they gather outside Holy Family church,Hill Road,Bandra West at 10.30 A.M. tomorrow 24th April,2016.

Various press and media agencies will be present to cover the event meet and address grievances to authorities.

The current government has taken note of the Qnet scam and matter will be taken up at upcoming Parliament session.

All Indians are cordially invited to support the cause and join in the protest. We need to end the scam by spreading awareness and recover the money taken away by the scamsters.

A request to all to please forward this message on Facebook, twitter and WhatsApp groups... Jai Hind


7 months ago

GURGAON: A city-based businessman was allegedly cheated out of Rs 4.5 lakh by seven persons on the pretext of helping start his e-commerce business. An FIR was lodged against them on Saturday for cheating and fraud.
According to police, businessman Sumit Kumar, a resident of Sector 15, had filed a complaint against seven accused identified as Sameer Suman, Aditya Birla, Sumeet Goyal, Deepak Aggarwal, Mayur Maidh, Vajinder Pal and Anubhav Bhatia alleging that he had paid them a fee of Rs 4.5 lakh for setting up his business through multilevel marketing. However, the business never took off.
Latest Comment

Please be aware of this (money sucking)Scam. Please do not forget to share this and save your friends and country financ... Read More
Atul Gupta
Kumar told the cops they had contacted him around November 2014, pretending to work for an e-commerce company based in Bangalore. "They told me if I agree to get into a venture with them, then I can start earning well within a few months. I met them in a hotel in Connaught Place in Delhi on December 18, 2014. I handed them a demand draft for Rs 4.5 lakh in the name of Vihan Direct Selling India Limited. It was cashed on January 31, 2015. A few days later they stopped all communication," he said.
The case was assigned to the cybercrime cell and after a yearlong investigation the allegations were found to be true. Subsequently, the FIR was lodged under sections 420 (cheating), 409 (criminal breach of trust by banker or agent), 120B (criminal conspiracy) of IPC, sections 3, 4, 5 of prize chit and mone cir schemer act and sections 3, 4, 16 of Haryana protection of interest of deposits Act under sections 420 (cheating), 409 (criminal breach of trust by banker or agent), 120B (criminal conspiracy) of IPC, sections 3, 4, 5 of prize chit and mone cir schemer act, 58-B of RBI ACT and sections 3, 4, 16 of Haryana protection of interest of deposits act, said inspector Naresh Kumar.


7 months ago





Ground Floor, Annexe 2 Building
Police Commissioner Office
Crawford Market, Mumbai - 400001


Deputy Commissioner of Police
Economic Offences Wing
Delhi Police
Mandir Marg
New Delhi 110001


Cyber Crime Police Station,
CID Annexe Building, Carlton House,
# 1, Palace Road,
Bangalore - 560001.


Deputy Commissioner of Police(EOW)
Chennai Police
Economic Offences Wing CID
C 48, II- Avenue, TNHB, 3rd Floor,

Anna Nagar, Chennai-40.


Office of the Addl.Director General of Police,
Crime Investigation Department
Andra Pradesh at RBVRR Telangana State Police Academy,
Himayatsagar,Hyderabad-500091, Telangana State


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