Boman Irani’s son Danesh involved in 425 crore QNet scam

It is reported that Bollywood actor Boman Irani and his son Danesh are involved in Rs.425 crore scam of a multi-level marketing firm QNet way back in 2007-2008 but the actor vehemently denied saying that he only attended a function organized by the firm and he was photographed then and neither he nor his son are involved in the scam.

"My son had worked as an agent like thousands of others when he had passed out if college, during the period of 2007-2008. After which he left for the USA for his MBA. His earnings and residuals for his hard earned efforts as a multilevel marketing agent are all taxed and above board. Even though the individual has made this complaint, no authority including the EOW has intimated us for any inquiry. Rest assured, me and my family are law abiding citizens of this country," the actor said in a statement.

Complainant Gurupreet Singh Anand who had filed an FIR against the QNet in August last year, approached the probing agency, Mumbai Police and submitted a two pages explanation where he mentioned the name of Danesh and his involvement in the scam.

Mumbai Police's Economic Offences Wing (EOW), is investigating the matter and said that actor Boman Irani is not involved in the multi-crore scam. "Boman Irani has no role in the QNet case. His son Danesh earned a substantial amount of money through QNet and we are probing his role," Additional Police Commissioner (EOW) Rajvardhan Sinha told PTI yesterday.

Meanwhile, the EOW has already issued notice against billiards champion Michael Ferreira (75), QNET founder Vijay Eswaran and three of his business associates after they failed to turn up for questioning session after repeated plea.

Nine QNet team leaders have been arrested so far for allegedly fooling investors by selling products like magnetic disks, herbal products and holiday schemes and taking money from them.

The accused were charged with cheating and forgery under relevant sections of the Prize, Chits and Money Circulation Schemes (Banning) Act, 1978.

However, the Malaysia-based MLM firm has denied any unlawful activity.