Padma Bhushan Awardee Michael Ferreira, 3 others arrested

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Michael Ferreira
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Former world billiards champion Michael Ferreira and three others accused in a case of Rs 400-crore alleged fraud involving the multi-level marketing company QNet have been taken into custody by Hyderabad Police and brought here from Mumbai.

A Hyderabad Police team had last week submitted an application seeking their custody in connection with the case registered by them.

A Mumbai court then granted transit remand and the Hyderabad Police took them into custody.

“The four directors of the company, including Michael Ferreira, have been brought to Hyderabad from Mumbai on warrant,” a senior police official attached to Central Crime Station (CCS), a wing of Hyderabad Police, said on Wednesday.

They have been brought here as part of further invstigation and will be interrogated, he said.

The Mumbai Police’s Economic Offences Wing (EOW) had taken them into custody on September 30 this year in connection with the QNet case.

The EOW has so far arrested 19 persons in the case.

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