New Delhi: Padma Bhushan Michael Ferreira, former world
Billiards champion is all set to be arrested after the Supreme Court on Wednesday
rejected Anticipatory Bail applications of all prime accused in the QNet scam.
The Supreme Court rejected the bail applications of five
including, Srinivas Rao Vanka and Magaral Veervalli Balaji, both directors of
Vihaan Directselling (India) Pvt Ltd, Suresh Thimiri, director of Transview
Enterprises India Pvt Ltd, Malcolm Nozer Desai, who is a 20 per cent
stakeholder in Vihaan and Michael Joseph Ferreira, former world champion of
billiards and an 80 per cent stakeholder in Vihaan.
Earlier the Bombay High Court had rejected the anticipatory bail
applications of all the accused calling the whole business of QNet as “prima facie
illegal business”.
The order mentioned, "The motto of the company 'sell more,
earn more' appears very attractive and innocuous. However, this motto is fully
camouflaged. The company stands on a basic statement that people can be fooled.
Thus, the true motto is 'sell more earn more' by fooling people. In fact it is
a chain where a person is fooled and then he is trained to fool others to earn
money. For that purpose, workshops are conducted where study and business
material is provided with a jugglery of words, promises and dreams. Thus, the
deceit and fraud is camouflaged under the name of e-¬marketing and
business."
"It has very grave and serious impact on the economic
status and mental health of the people on a large scale. On considering
parameters of the Section 438 of the Code of Criminal Procedure, I am not
inclined to protect the accused. It won't be out of place to mention that such
circulation is required to be stopped. It is necessary for the prosecution to
take injunctive steps against this business activity, which is prima facie,
illegal.”
“The Serious Frauds Investigation Office had termed the whole
business of the QI Group in India as a threat to the national security,” said
the whistle blower, Gurupreet Anand, who submitted the SFIO report in Bombay
High Court as well as the Supreme Court of India along with other documents.
A detailed Status Report was filed by Special Public Prosecutor
Pradeep Gharat and after going through the contents of the said report the anticipatory
bail applications of all the prime accused was forthwith rejected. Agencies
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