Public Cautioned against Illegal Money Circulation Schemes

Hyderabad: The Commissioner of Police, Cyberabad, VC Sajjanar, has requested the public not to join in any illegal money circulation scheme banned under the provisions of PCMCS (Banning) Act, 1978.

He said in a press note here that several criminal cases were filed against the Vihaan Direct Selling India private limited, Bangalore for cheating more than three lakh persons across the country by floating illegal money circulation scheme with binary enrolment pattern. He said that the Telangana High court has not given any stay orders on the investigation of criminal cases filed against the Vihaan Direct Selling Limited and there is no bar for registering of fresh cases against QNet/Vihaan Direct selling in case of violation of law. Further, the Supreme Court also dod not grant any stay orders to stop the investigation of the cases filed against the Vihaan company or QNet.

The Commissioner said that it has come to their notice that some members are purposefully misleading and misrepresenting with fake and false information to perpetuate the offence further. “If anybody indulges in such activities, appropriate action will be taken against them as per law”, he added.

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