The Economic Offences Wing (EOW) of the State Crime Branch has arrested three senior partners of the Vihaan Direct Selling (India) Private Limited for duping gullible investors of crores of rupees.
The arrestees were identified as Sarat Kumar Parida of Brahmeswarpatna, Debabrata Harichandan of Chandrasekharpur and Chandan Kumar Mahalik of Jagannath Vihar here. The accused are senior partners of Q Net Ltd and Vihaan Direct Selling.
Following allegations that the directors, partners, and officials of Q Net Limited through its India franchisee Vihaan Direct Selling (India) Private Limited are engaged in illegal money circulation schemes in the guise of direct selling and multi-level marketing, the EOW undertook an investigation and booked the trio.
During the investigation, it was learned that the three accused persons along with others entered into a criminal conspiracy with Directors of Q Net Ltd through its Indian franchise Vihaan Direct Selling (India) Pvt Ltd and induced the gullible investors to invest in the company with the promise of handsome returns.
While luring investors, they used to give a rosy picture of the schemes floated by the company like promising returns of Rs 5 crore with a little investment of Rs 5 lakh, within span of only five years, the EOW said.
During searches at their houses, many
incriminating documents, articles such as
brochures, receipts of the company, I-card, money receipts, I-phone, laptops and list of investors were seized, added the EOW.