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EOW nabs accused involved in Q-Net scam

30/11/2021 at 1:23 PM

Bhubaneswar, Nov 30: The Economic Offences Wing (EOW) of Odisha Crime Branch on Tuesday arrested one more accused involved in the alleged multi-crore Q-Net scam.

The accused has been identified as Arabinda Kumar Mohanty of Palai village in Kendrapara district.

The accused has been booked under Indian Penal Code (IPC) sections- 406, 420, 467, 468, 471, 120 (B) and sections 4, 5 and 6 of Prize Chits and Money Circulation Schemes (Banning) Act, 1978 and section 6 of the Odisha Protection of Interests of Depositors Act, 2011.

Q-Net Ltd, a Hong Kong-based company and its franchise M/s Vihaa Direct Selling (India) Private Limited through its directors and promotors were running illegal money circulation scheme in the guise of Direct Multi-Level Marketing (MLM).

Earlier, the EOW had arrested four persons including directors and promoters of the company.

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