QNet: Michael Ferreira, three others sent to police custody by MPID Court
Moneylife Digital Team 04 January 2017
The special MPID court on Wednesday sent four prime accused in the multi-crore QNet scam, including Michael Ferreira, former world champion of billiards to police custody for seven days. Thane Police had arrested all the four accused.
 
On Tuesday, the economic offences wing (EOW) of Thane Police arrested Ferreira, along with Srinivas Rao Vanka and Magaral Veervalli Balaji, both directors of Vihaan Direct selling (India) Pvt Ltd, Malcolm Nozer Desai, who is a 20% stakeholder in Vihaan. 
 
According to the complaint filed in the Thane EOW, Ferreira and others conducted meetings about investment in various schemes of QNet in a city mall.  
 
Thane EOW has appealed other victims in the QNet scam to contact them. 
 
Earlier, the Bombay High Court had rejected the anticipatory bail applications of all the accused calling the whole business of QNET as “prima facie illegal business”.
 
The HC order mentioned "The motto of the company 'sell more, earn more' appears very attractive and innocuous. However, this motto is fully camouflaged. The company stands on a basic statement that people can be fooled. Thus, the true motto is 'sell more earn more' by fooling people. In fact it is a chain where a person is fooled and then he is trained to fool others to earn money. For that purpose, workshops are conducted where study and business material is provided with a jugglery of words, promises and dreams. Thus, the deceit and fraud is camouflaged under the name of e-marketing and business."
 
"It has very grave and serious impact on the economic status and mental health of the people on a large scale. On considering parameters of section 438 of the Code of Criminal Procedure, I am not inclined to protect the accused. It will not be out of place to mention that such circulation is required to be stopped. It is necessary for the prosecution to take injunctive steps against this business activity, which is prima facie, illegal.”
 
Even, the Serious Frauds Investigation Office (SFIO) had termed the whole business of the QI GROUP in India as a “threat to the national security” said the whistle blower Gurupreet Anand who submitted the SFIO report in Bombay High Court as well as Supreme Court of India along with other documents and the supreme Court dismissed all SLPs filed by the accused ordering them to surrender within seven days.
 
Comments
Andy08
7 months ago
@gurupreet any update further
gurupreet
4 years ago
Hello Friends,
We have been receiving hundreds of enquiries from QNET VICTIMS across India asking on how to join the FINANCIAL FRAUDS VICTIMS WELFARE ASSOCIATION (FFVWA) which is fighting for the LEGAL RIGHTS of the QNET SCAM VICTIMS in SUPREME COURT of India. You can contact us on WHATSAPP on 9137721819 .

Congratulations to all FFVWA on our major mile stone and success in Supreme Court of India.

Before proceeding further I would like to mention that we are contactable on WHATSAPP on 9137721819 and victims can contact me on Whatsapp on this number only as my two phones were stolen in Delhi and my main number 7498053701 could not be recovered.

A brief summary on the need for forming the FFVWA is summarised in the two news stories below:

https://www.mid-day.com/articles/qnet-forms-financial-fraud-victims-forum-scam-gurupreet-singh-anand/17659179

https://www.mid-day.com/articles/victims-of-fraud-unite-to-catch-qnet-scamsters/19309192

As you are aware we have successfully fought the best criminal lawyers appearing for QNET SCAM till date including lawyers like Kapil Sibbal, Salman Kurshid, Mahesh Jhetmalani, Abaad Ponda…the list is long. The fight is being fought on LEGAL GROUNDS with good FACTS and DATA. The fight has not been easy and but each and every court that I have appeared and argued my case In-Person I have won inspite of BIG MONEY POWER/PRESSURES etc from the QNET SCAM supporters.

You can become part of our organisation FINANCIAL FRAUDS VICTIMS WELFARE ASSOCIATION (FFVWA) which is fighting for the LEGAL RIGHTS of the QNET SCAM VICTIMS in SUPREME COURT of India by downloading the membership form from

DropBox at

https://www.dropbox.com/s/2piy8eudhlz3oj6/FFVWA%20Membership%20Form.pdf?dl=0

and filing it properly and sending it across by courier to:
Anuja Kotecha (Joint Secretary)
Flat no 701, Nazreth Niketan,
Charath Singh Colony, Behind Dragon Fly Hotel,
Andheri-east, Mumbai: 400093
After having completed the form please take snapshots of the same and whatsapp to us on 9137721819.

Please beware there are no short cuts to refund, stay away from individuals who promise you refunds illegally using various tactics. Stay united and fight for your rights LEGALLY.

Regards
Gurupreet Singh Anand
Anuja Kotecha & FFVWA
gurupreet
5 years ago
#QNETSCAM & SUPREME COURT MATTER UPDATE - Please read till the end.

Dear Members,

Jai Hind to all. As you are aware I have had fought the QNET SCAM since last 4 years and devoted all these years full time towards taking effort to expose the QNET SCAM because of which millions of innocent people in India are loosing thier hard earned money and due to my efforts the #QNETSCAM had almost come to a stand still.

This fight has had taken a HUGE effort and affected my personal and professional life beyond what can be explained here, though all cases in which I appeared had verdicts coming in favor of the victims of #QNETSCAM

In Bombay High Court and the Supreme Court I have faced the best and most expensive lawyers in India like Mahesh Jhetmalani , Kapil Sibbal, Salman Kurshid , Dushant Dave etc but they could not protect the accused involved in the #QNETSCAM till recently when...

These accused cheated and played FRAUD upon the Supreme Court and obtained an stay order on all proceedings against QNET all over India. It is very very Important for all of us to come together and unite so that this fraud can be exposed and correct facts are brought before the Supreme Court.

To carry forward this fight further I need to move to Delhi and need support from you all without which this fight will come to an end. I request Donations from you all for fighting this #QNETSCAM which is destroying lifes, families and careers and thousands of crores are being laundered out of our country India.

I request donations and the same can be send thru Bank transfer or deposits in my bank account number as below:

Account number: 32280724593

BANK:
state bank of India, Lokhandwala branch


IFSC: SBIN0013204


Name as in bank records: Gurupreet Singh Anand

You can also donate via Paytm on 7498063701. Any donations big or small are welcome.

Other help in form of a place to stay in Delhi and if anyone has an extra activa or similar gear less two wheeler which I can use is also welcome. If you think you can help in any other ways please whatsapp me on 7498063701

Regards

Gurupreet Anand



Please pass this message to all groups, Facebook, Twitter, activists, members and victims of QNETSCAM, please join the fight in exposing the biggest ponzi scheme in India and stop the money being laundered out of our country



Vande Matram

jitu moni
6 years ago
http://www.mid-day.com/articles/qnet-case-scam-mumbai-news-mumbai-airport-arrest-eow-aditi-mitra/18084164
The Economic Offences Wing (EOW) of the city police arrested a woman in her early 30s on Thursday for her active involvement in the multi-crore QNet scam. The total number of arrested accused has now reached 47, which includes Billiards champion and Padma Bhushan recipient Michael Ferreira.
In the Rs 1,000-crore scam of Hong Kong-based company QNet, nearly 5 lakh investors across the country were duped. QNet has been accused of using the banned binary pyramid business model for its multi-level marketing schemes to lure investors.

QNet posed as a marketing firm selling bio-discs, watches, herbal products, holiday packages, etc. It also claimed that by using the bio-disc, one could cure cancer and brain diseases, the police said.
Too much baggage
Accused Aditi Mitra was intercepted at the Chhatrapati Shivaji International Airport, and subsequently, arrested based on the lookout circular that had been issued against her.

Assistant commissioner of police Arun Jadhav confirmed her arrest said she was sent to police custody till March 23.
Mitra was allegedly trying to flee to Dubai for good. She was carrying eight big bags and two handbags. Of the eight, two contained her belongings; she refused to say what was in the other six, sources said.

Mitra, an independent representative associated with QNet, had been getting hefty commissions in return. She has multiple bank accounts, with one alone having Rs 25 lakh, as EOW officials found, adding that all her bank accounts have been frozen.

Active player
Investigators found that on the instructions of the other accused, Mitra was actively involved in the scam. She had brainwashed victims in order to induce them to invest in the scheme,” said special public prosecutor Pradip Gharat.

A victim, Sewri resident Arpita Majarekar, said, “She would conduct welcome sessions in malls and trap people with her sweet talk.

She had promised me and many others that if we invested in the scheme, we would get double the amount in three years.” Majarekar, who works in a private firm in Andheri, had invested nearly Rs 12.5 lakh in the scheme through Mitra.

She has been booked under relevant sections of the Maharashtra Protection of Interest of Depositors in Financial Establishments Act, Prize, Chits and Money Circulation Schemes (Banning) Act, and the Indian Penal Code.
gurupreet
6 years ago
QNET VICTIMS please beware of this shady character one Mr. Rafiq whose posing as an "High Court Advocate & RTI Activist" at various online web sites.

This guy is a sweet talker and will promise you refund from QNET if you appoint him as an advocate, he is doing nothing but cheating your further...here is his modus operandi...

He also claims to be behind several actions that have been taken place by mumbai police and FFVA but the FACT remains that he has nothing to do with any of these actions being taken all over India.

He will convince victims to appoint him as an ADVOCATE and thereafter tell victims to deposit Rs 50,000 in various bank accounts to show that he has been apponited.

He will promise that he will return back the money after showing that to QNET office but the FACT remains that after the money is transferred he will stop recieving your calls and vanish .

We have recieved multiple complaints against this FRAUD, please BEWARE you all have already been cheated dont get cheated again.

For your REFUNDS only follow the correct and LEGAL way to get your refunds along with compensation, for more info do drop us a email at [email protected]

FFVA i.e Financial Frauds Victims Association has been formed to help and provide legal aid to victims of QNET SCAM.

http://www.mid-day.com/articles/qnet-forms-financial-fraud-victims-forum-scam-gurupreet-singh-anand/17659179

Please stay away from crooks and fight for your legal rights in correct and proper way.

Regards
Gurupreet
goel002
6 years ago
Qnet is threat to genuine companies. Which are the genuine direct selling companies in india . ? Please name a few.
goel002
6 years ago
It's amusing to read such comments like national security risk, money going out of country, people get fooled etc.. ignorance is threat to national security fools. Company like amazon , samsung, apple are not india based and still they make billions. Potentially making the argument about money leaving the country, straight to the bin. National security risk. Hahahahaha. Who thought of this idea. Are they selling bombs, arms ammunition , conducting terrorist training camps, printing fake currency, doing hawal transaction , political affiliated, make religious comments ,. no they are not . Q net is definitely not a threat to national security. Whoever talk about logic . Please apply your mind to this logic as well.
Second argument is in qnet person is fooled n all.. everyday someone is getting fooled by people on the ground, small traders, auto wallas, lawyers, at your work place, popular online e-commerce portals.
People will not crib about high price tag for apple products whi reduces to 25 % of its original value in retail after 2- 3 years . That is actually fooling people.
jitu moni
Replied to goel002 comment 6 years ago
Do you make retail sales or lure people of financial freedom in 4-5 years and then ask them to invest lakhs in products so that associated Tracking centres can be bought and placed under upline. You want to go to jail, Mister.
goel002
6 years ago
If qnet is not legitimate direct selling company then who else is. Q net is a legitimate company with complete transparency in dealing with customers. There is no money transaction in making members. Transaction only takes place only when somebody buys a product, watches, holiday packages etc.. what is wrong with that. Just like amazon, flipkart. You sign up for free and then choose to buy whatever you like. Here the publicity is word of mouth. Where is the fraud in that. People who crib about the company is because they r not successful. Specially sardarji who has nothing substantial to do. Imagine someone given a ferrari and is not able to drive it. You cannot blame the company for providing faulty car or fraud car company. Getting my point. As an independent representative, they only promote the portal. Whether people want to purchase anything is upto them. Its fantastic becoz whatever purchase happened from your promotion, you get paid. Its a business. Just like you open a shop, whatever selling happens the owner makes money. Here the person who is getting customers to the shop also makes money. Its legal. People with half knowledge and unsuccessful are spreading negative propoganda about the company and the industry. There are direct selling guidelines by the govt of india which q net follows. So relax and dont be afriad about qnet.
Agyat Vyakti
6 years ago
Yes together we can destroy qnet.. To help people from trap of online ponzy schemes like qnet which will come in future. Alexa and online site statistics can save you. I reccomend you to read this to save yourself from emotional trap of friends and relative who work for qnet http://qnetindiascam.blogspot.in/ or google qnetindiascam blogspot to read deeds of Ashwin Baluja and Prithvi Raj Grover share it . I need to populate this.
Laughter 24X7
6 years ago
Its not truth ...
jitu moni
Replied to Laughter 24X7 comment 6 years ago
47 Arrests, bank accounts reveal commission paid on enrolling members. Want to challenge Bombay and Delhi High Court , go file PIL
vimlesh
6 years ago
I know the reality....gone through the whole peocedure which is qnet claims as false.........ferreira should be hanged till death...
Laughter 24X7
Replied to vimlesh comment 6 years ago
How can say this .. Qnet not scam
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