Mumbai Police issues lookout notice against Michael Ferreira

Mumbai: The Mumbai Police on Thursday issued a lookout notice against former World Billiards Champion Michael Ferreira in connection with the Rs 425 crore QNet scam case.

The lookout notice was issued against Ferreira after he reportedly failed to appear before the police for questioning.

QNet has been accused of using the banned binary-pyramid business model for their multi-level marketing schemes to attract investors. The company operated in India through its official franchisee Vihaan Direct Selling Private Limited.

Over 12 lakh investors in India are believed to have been duped by the multiple companies that have used Michael Ferreira's name.