QNET Business: Ferreira has been taken to Hyderabad in the Scam

 Former world billiards champion Michael Ferreira and three others have been arrested and brought here from Mumbai by Hyderabad Police in connection with a Rs 400-crore alleged fraud involving the multi-level marketing QNet Business.

Ferreira is a director of the accused firm, Vihaan Direct Selling India Pvt Ltd, which is an M/s QNet master franchise in India.

Michael Joseph Ferreira (78), Malcom N. Desai, M.V. Balaji, and Srinivas Rao, all directors and shareholders of Vihaan Direct Selling India Pvt Ltd who were previously arrested in Mumbai by Maharashtra Police, have been brought to the city on PT (production transit) warrants and arrested, according to Deputy Commissioner of Police (Detective Department) Avinash Mohanty.

On September 30, this year, the Mumbai Police's Economic Offences Department arrested them in connection with the QNet case.

So far, the EOW has detained 19 people in connection with the case.

Suman Ghosh, an assistant manager in a private bank here, filed a complaint on October 13 last year, claiming that he paid Rs 16 lakh (through DD) in the name of Vihaan Direct Selling India Pvt Ltd in exchange for the promise of business. Despite collecting the money, they did not provide him any business.

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