MUMBAI: The city economic offences wing (#eow) has written to the #all india tennis association asking them to provide the details about the sponsorship of its tournament by QNet, a marketing firm and an accused in EOW case. The prize money in the tournament is $50,000.
An officer who is art of the investigation, said, “#qnet is an accused firm in our case. We have written to the Association to find out the details about the sponsorship and the mode of payment made to them. The Association has organized Women’s tennis tournament and we have got the information that QNet is one of the sponsors in the program. We have to verify the QNet role.”
The matches are being played at R K Khanna Tennis Stadium, Africa Avenue, New Delhi. QNet is accused of cheating thousands of people pretending to be a marketing firm. Till date police have arrested 11 people in this case.
“Though they have shut their operations at many places to avoid arrests, the firm’s independent representatives (IRs)are still struggling to continue the chain to cheat people,” said another office. Police have frozen hundreds of accounts belonging to the firm and its IRs. As per police estimate the cheating amount is more than Rs 425 crore.
“We have made special investigation team and also invoked the stringent law, Maharashtra Protection of Interest of Depositors (MPID) act against the accused. There could be a series of arrests soon. Our teams are going through all the documents and will visit cities like Delhi and Bangalore to get more information about those operating the scheme,” he added.
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