Hyderabad: Several techies in the IT corridor and youngsters living in and around Hyderabad were found to be victims of the QNet scam, according to a Cyberabad police officer. Police arrested two more people on Thursday, bringing the number of arrests in the case to 60.
A large number of victims of QNet approached Cyberabad police commissioner V.C. Sajjanar on Friday and requested him to take stern action against the accused. They gave a representation to the commissioner providing details of Ponzi schemes and people who are operating them and sought immediate action to protect depositors.
The members of the Financial Fraud Victims Welfare Association, Mumbai, told the commissioner that as per the report prepared by the Serious Fraud Investigation Office, schemes like QNet and Ponzi are a threat to national security.
“In the guise of direct selling and e-commerce, several individuals and shell companies are operating on behalf of the QI group headed by Vijay Eswaran, who is absconding. The company has drained more than Rs 20,000 crore out of India,” said association secretary Gurupreet Singh Anand.
The association members also submitted documents related to the operators of Ponzi schemes along with their pictures to police, seeking stern action.
Mr Sajjanar told mediapersons, “There are several victims working in the IT corridor, and many are students and youngsters living in and around the city. An in-depth probe is on in the case. The analysis of the documents and recording the statements of the victims may take some time, but stern action will be taken against those who indulge in money circulation schemes.”...