Mumbai Police, probing the alleged role of Danesh Irani, son of actor Boman Irani, in the Rs 425-crore scam allegedly spearheaded by a multi-level marketing firm QNet, has frozen his bank account, blocking his Rs 25 lakh, a senior police officer today.
The bank account of Danesh has been frozen, the officer told PTI adding that, Two fixed deposits were linked to his bank account. Cash and FDs collectively valued at Rs 25 lakh were found in the account.
The scrutinisation of Danesh's bank account revealed that about Rs 40 lakh had been received from QNet (over a period of time) in 2013, the officer added.
We are verifying to ascertain as to what sort of job he had performed, for which the QNet paid him about Rs 40 lakh, the officer said adding that Danesh would be summoned soon.
Complainant Gurupreet Singh Anand, who had filed an FIR against the QNet in August last year, has recently approached the probing agency, Mumbai Police's Economic Offences Wing (EOW), with a two-page complaint giving the details of alleged links of Danesh.
Gurupreet has also alleged that Boman Irani and former world billiards champion Michael Ferreira had participated in the promotional events.
Gurupteet had claimed that he shared Danesh Irani's QNet membership details with the investigators and his account had shown that he carried out Rs 18 crore worth transactions and because of which he received substantial amount of commission.
The EOW has already issued a look out notice against Ferreira (75), QNET founder Vijay Eswaran and his three business associates after they did not turn up for questioning despite the summons served to them.
The EOW has arrested nine team leaders of QNet so far for allegedly duping investors by selling products like magnetic disks, herbal products and holiday schemes through fraudulent practises.
QNet has also been accused of using the banned binary pyramid business model for their multi-level marketing (MLM) schemes to entice investors.
The accused were charged with cheating and forgery under relevant sections of the Prize, Chits and Money Circulation Schemes (Banning) Act, 1978.
The Malaysia-based MLM firm has denied any wrongdoing.
The lookout notice is a circular issued against a person when he/she is wanted by police either for questioning or for the purpose of arrest in any case.
It is circulated at all immigration checks at international borders (like airports/sea ports) and as soon as the person is spotted, the authorities concerned are notified.
Get more information, facts and figures about QNet, click here for the QNet overview.