THE Economic Offences Wing (EOW) of the Mumbai Police Crime Branch has arrested the former daughter-in-law of former World Billiards champion Michael Ferreira in connection with the alleged Qnet scam, which is being investigated by the agency since last year.
Ferreira is alleged to be an 80 per cent shareholder in Vihaan Direct Marketing Selling Ltd, a franchise of Hong Kong-based company Qnet, which is alleged to have made Rs 425 crore through binary schemes.
Additional Commissioner of Police (EOW) Rajvardhan Sinha confirmed the arrest, saying, “We have arrested Susan Chatterjee in connection with the Qnet case. She is Ferreira’s former daughter-in-law. We have found around Rs 1.70 crore in her bank account, which were earned by Qnet through its binary scheme.”
In August last year, the EOW registered an FIR against Qnet and its Indian franchise Vihaan, which claimed to sell cosmetics and other products. The EOW went on to arrest nine directors of Qnet for allegedly indulging in a binary scheme, where existing members are required to bring in more members and are paid commissions for the same. Officials from EOW said that such a practice is banned in India under the Prize Chitfund and Money Circulation Schemes (Banning) Act.
While probing the case, the EOW had found that Ferreira, who is a Padmashree awardee, held an 80 per cent stake in Qnet’s Indian franchise Vihaan. Actor Boman Irani’s son Danesh was also found to be associated with the company earlier this year.
EOW officials said that Susan has been remanded in police custody until September 16, and the police were making further inquiries.