QNet Scam: Shah Rukh Khan, Anil Kapoor, Others Served Notice For Their Alleged Involvement in ScamFebruary 27, 2019 13:03
Prominent Bollywood actors including Shah Rukh Khan, Vivek Oberoi, Jackie Shroff, Anil Kapoor, and Boman Irani were served notices from Cyberabad police for their alleged involvement in the multicrore QNet scam, according to sources.
A notice was also served to cricketer Yuvraj Singh and Tollywood actors Allu Sirish and Pooja Hegde in connection with the case, the source added.
According to sources, since last two days, Cyberabad Police has served notices to around 500 members in the QNet scam registered in Cyberabad earlier. Till now, the police also arrested nearly 60 accused persons who are involved in the case. It has been alleged that these actors have promoted the company by taking remuneration.
As per sources, Cyberabad Police have given a week's time to the alleged accused and asked them to appear before the police by March 4. The police have also mentioned in the notices that if they failed to appear, legal action will be initiated against them.
According to reports, QNet was accused of operating one of the large Ponzi scams in India, cheating at least three lakh people. The racket was busted by the detectives of Cyberabad in various parts of Andhra Pradesh, Telangana, Delhi, and Bengaluru in which 57 persons were arrested in 14 cases registered against QNet.
A Ponzi scheme is a kind of fraud that lures investors and pays profits to earlier investors by using finances obtained from more recent investors.
"There are a total of 30 cases registered on QNet in Cyberabad. There are eight cases which are under investigation with CID," VC Sajjanar, Commissioner of Police, Cyberabad told reporters on January 8, 2019.
"QNet is a Hong Kong-based multi-level marketing company owned by the QI group. The company invoked many Ponzi schemes and binary schemes, vacation packages and business tactics which were illegal," he further said.
QNet is the main subsidiary of the QI group of companies founded by Vijay Eshwaran and Joseph Bismark in Hong Kong in 1998. The company's chief executive officer Micheal Ferreira and Malcolm Desai are the shareholders of Vihaan Direct Selling Pvt Ltd. Now, the company has opened its branches all across the world.