01 October 2019
Bhubaneswar: The Economic Offences Wing (EOW) on Tuesday arrested three senior partners of Q Net and Vihaan Direct Selling (India) Pvt. Ltd, for duping investors of crores of rupees.
The accused were identified as, Sarat Kumar Parida of Brahmeswarpatna, Debabrata Harichandan of Chandrasekharpur and Chandan Kumar Mahalik of Jagannath Vihar, Bhubaneswar. The three are senior partners in Q Net Ltd and Vihaan Direct Selling (India) Pvt. Ltd.
The EOW has booked them under multiple Sections of the IPC and the Prize Chits and Money Circulation Schemes (Banning) Act. The accused were in a Special Court in Cuttack which remanded them in judicial custody..
On the basis of allegations against Q Net that the company through its franchise Vihaan Direct Selling is engaged in illegal money circulation, EOW took up the investigation and arrested the trio.
"They were functioning in a pyramid structure where is new entrant will deposit the amount in the account of upline members which will pass through different levels to the company’s account.”
In this modus operandi, the accused persons had collected huge money for the company and received in return their commission, on the deposits made by the investors in a very camouflaged manner," the agency said.