ED likely to go after QNet scamsters

Hyderabad: Following the Cyberabad Police and the Ministry of Corporate Affairs (MCA), the Enforcement Directorate (ED) is likely to take notice of the alleged money fraud of QNet a multi-level company, under the provisions of the Prevention of Money Laundering Act (PMLA).

Sources said that the ED officials are likely to register a case against QNet and its promoters and directors shortly. The FIR filed in the QNet scam was shared with ED officials, who might take cognizance of the case, Cyberbad official said, adding that they could also issue summons to those involved in the case once it expedites the investigation into the case.

When the QNet faced similar allegations in Maharashtra five years ago, the Mumbai unit of ED booked a money laundering case against it and questioned a few celebrities after their names were cropped up in the case.

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Authored by Mohammed Hussain, mohammedhussain.reporter@gmail.com

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