Odisha police arrests one person in QNet scam

Odisha


Bhubaneswar, Nov 30 : The Economic Offences Wing (EOW) of Odisha police has arrested a person for his alleged involvement in the Q-Net fraud case, officials said on Tuesday. The accused Arabinda Kumar of Kendrapara district was arrested on the basis of a case registered against the Q-Net Ltd., a Hong Kong-based multi-level marketing company and its franchise M/s. Vihaan Direct Selling (India) Private Limited in September 2019. According to an official statement of the EOW, the above companies represented through their directors and promoters namely Chandan Kumar Mohalik, Sarat Parida, Devabrat Harichandan, Prasant Kumar Mohanty, Arabinda Kumar and others were running illegal money circulation scheme in the guise of direct selling multi-level marketing (MLM), and misappropriating the invested amount of the gullible investors to the tune of crores. Earlier, four other accused Sarat Kumar Parida, Devabrat Harichandan, Chandan Kumar Mohalik and Prasant Kumar Mohanty have been arrested in this case, it said. During investigation, the police found that the accused persons have duped 31 investors, pursuant to a criminal conspiracy, by collecting Rs 1.2 crore from them with the assurance of very high returns. Further, the aforesaid company & its directors/promoters have failed to provide the assured service/returns for which the money was invested, the EWO said. /IANS




Related

Man close to slain district councillor of Purnea killed
Patna, Jan 6 : In less than two months of former district councillor Vishvajeet Singh alias Rintu Singh' murder, his closest aide was gunned down by u

Pune court orders police probe against Baba Ramdev's 'Coronil' claims
By Quaid Najmi Pune, Jan 6 : In a New Year jolt to Baba Ramdev, a Pune court has ordered the police to investigate a criminal complaint against the

Man arrested for assaulting activist Bindhu Ammini
Thiruvananthapuram, Jan 6 : A man was arrested on Thursday on charge of assaulting activist Bindhu Ammini, who shot into prominence by entering the Sa