EOW ARRESTS IN Q-NET SCAM
Bureau,Odishabarta
Bhubaneswar:Economic Offences Wing, Bhubaneswar has arrested accused Arabinda Kumar S/o-Kailash Chandra Mohanty, Vill-Palai, PO-Derakundi, Chandol, PS-Derabish, Dist.-Kendrapadaon 29.11.2021 in EOW PS Case No. 17 dt.18.09.2019 U/s 406/420/467/ 468/ 471/120-B IPC,R/w. Sec.4,5 & 6 of Prize Chits and Money Circulation Schemes (Banning) Act,1978 and Sec. 6 of Odisha Protection of Interests of Depositors Act,2011. The accused is being forwarded to the Court of Presiding Officer, OPID Court, Cuttack, to-day.
The above noted case was registered on the allegation that M/s. Q-Net Ltd., a Hong Kong-based multi-level marketing company and its franchise M/s.Vihaan Direct Selling (India) Private Limited represented through their Directors and Promoters/Active Individual Representatives namely Chandan Kumar Mohalik, SaratParida, DevabratHarichandan, Prasant Kumar Mohanty, Arabinda Kumar and others were running illegal money circulation scheme in the guise of Direct Selling Multi-LevelMarketing (MLM), andmisappropriating the invested amount of the gullible investors to the tune of crores.
Earlier in the case four accused persons namely Sarat Kumar Parida, DevabratHarichandan, Chandan Kumar Mohalik and Prasant Kumar Mohantyhave been arrested. Investigation revealed that the accused persons have duped 31 investors, pursuant to a criminal conspiracy,by collecting 1.2 Crores 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.Investigation of the case is continuing.
