Boman Irani's son Danesh Irani questioned by ED in QNet scam
Enforcement Directorate (ED) questioned Danesh Irani in Mumbai for at least four hours today. His statements were recorded under the Money Laundering Act.
In Short
- Danesh Irani questioned by the officials of Enforcement Directorate.
- Irani's statements were recorded under the Money Laundering Act.
- ED also questioned him on the money trail.
After former billiards champion Michael Ferreira, ED's focus has now shifted to Danesh Irani, son of actor Boman Irani.
Danesh was questioned by the officials of Enforcement Directorate (ED), Mumbai for atleast four hours today. He was accompanied by his mother and brother, Justin.
Michael Ferreira, along with three other accused, was arrested in the multicolored QNet scam by the economic offence wing (EOW) of Mumbai police.
Source from the ED office confirmed to IndiaToday.in that Danesh was summoned today morning and was asked to remain present with required documents of his bank accounts.
STATEMENTS RECORDED UNDER MONEY LAUNDERING ACT
"His statements were recorded under the Money Laundering Act. The agency suspects Danesh played crucial role in the promotion of QNet Ponzi schemes among the investors, and for which he has been paid a good money," an ED official said.
Two years back, ED had registered a money laundering case in connection with the alleged Rs 425 crore financial fraud involving multi-level marketing firm QNet in which the name of Michael Ferreira cropped up. Besides Ferreira, Danesh was also under the scanner in the alleged QNet scam.
The ED filed its ECIR under the Prevention of Money laundering Act (PMLA) after taking cognizance of the EOW FIR filed in this case.
In 2014, the EOW had grilled Danesh, but before that his bank account was frozen, which had a sum of Rs 25 lakh. Details of Danesh's bank account reveal that he received about Rs 40 lakh from QNet in 2013. The amount of transactions could go up, once the investigation gets completed by ED.
QUESTIONED ON THE MONEY TRAIL
The ED official were trying to examine the extent to which Danesh has played his role for which QNet paid him about Rs 40 lakh. In addition, ED also questioned him on the money trail.
The management of QNet allegedly duped almost 5 lakh investors by offering to sell products like magnetic disks, herbal products and holiday schemes through alleged fraudulent practices.
QNet has also been accused of using the banned binary pyramid business model for their multi-level marketing (MLM) schemes to entice investors.
The accused arrested till now, has been charged with cheating and forgery under relevant sections of the Prize, Chits and Money Circulation Schemes (Banning) Act, 1978.
READ| Boman Irani clarifies on Rs 425 crore QNet scam