echo ''; Clamorworld » In everyday life every one of us comes across various experiences, incidents which we either don’t share with anyone or share with family members and friends. Print media, electronic media and various medium shows the news, but its ends up showing one sided of the story. We never come to know the other side of story. With so much happening every day, every second across our neighborhood, society, and world it’s difficult for the news media to cover all the news. Many times we have felt wish we could share our voice, opinion, thoughts with the world. Many a times we have felt the frustration, anger and helplessness for not being able to do anything about an incident. Have you ever felt, for a good cause, you need support, but don’t know how to garner the support and attention. So, now you have an option “www.Clamorworld.com“. This is a platform to share everything you want to. A website 100% runs by the people for the people. The world is waiting to listen to your voice, the voice which has kept you suppressed so far. If you do not want to share the incident, event personally, please send it to us at contact@clamorworld.com, and we will share it on your behalf and assure to keep your name confidential. Let’s make this world a peaceful and a happy place to live. » Former world billiards champion Ferreira arrested by Hyderabad police in QNet fraud

Former world billiards champion Ferreira arrested by Hyderabad police in QNet fraud

 

The Hyderabad police has arrested former world billiards champion and Padma Bhushan recipient Michael Ferreira and three others in connection with a case of Rs 400- crore fraud involving the multi-level marketing company QNet.

The Hyderabad police has arrested former world billiards champion and Padma Bhushan recipient Michael Ferreira and three others in connection with a case of Rs 400- crore fraud involving the multi-level marketing company QNet.

Police brought Ferreira, Magaral Balaji, Srinivas Vanka and Malcolm Desai to Hyderabad on a Prisoner Transit (PT) warrant from Mumbai on Tuesday night, reported Times of India.

Earlier this month, a court had given Economic Offences Wing of Mumbai police the custody of Ferreira till October 13. Co-accused Srinivas Rao Vanka and Magaral Veervalli Balaji, both directors of Vihaan Direct Selling Pvt Ltd, and Malcolm Nozer Desai too had surrendered and were remanded to EOW custody till October 13.

QNet and its franchisee firms allegedly sold products such as magnetic disks with `healing’ properties, herbal medicines and holiday schemes. QNet is accused of using the banned `binary pyramid’ model in its marketing schemes, apart from duping the investors.

The FIR was registered in August 2013 under the Prize, Chits and Money Circulation Schemes (Banning) Act, 1978 and Maharashtra Protection Of Interest Of Depositors Act

EOW has so far arrested 17 people. The bank accounts of QNet, its representatives and associates have been frozen, with assets worth Rs 110 crore.

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