ED collects hard disks and pen drives during raids on Vihaan Direct Selling
Hyderabad: Enforcement Directorate (ED) officials have collected hard disks and pen drives from the offices of Vihaan Direct Selling Pvt Ltd during their raids in Madhapur, Serilingampally and Swapnalok Complex, sources said on Friday. The ED had frozen accounts related to the company in the city and five other states and booked 38 FIRs.
The case has been handed over to Central Crime Station (CCS) and the police found that at least eight Vihaan officials were also ‘victims’ of the Malaysian-based QNet founder Vijaya Easwaran, Mahankali inspector Kaveti Srivinas told Deccan Chronicle.
None of the employees knew about Easwaran but had invested lakhs of rupees in Vihaan, police said. The employees expected that they would get their deposits back if they got other depositors to put their money into the company, the investigation officer said. That did not happen.
Sources said the multi-level marketing scam used blockchain technology and virtual currency was propagated or started by launching different websites, National Financial Fraud Victim Association (NFFVA) secretary Gurupreet Singh Anand.
Meanwhile, a new name, that of Hamid Rashid, a close ally of Islamic preacher Zakir Naik, has come up during the investigation, sources in the National Investigation Agency disclosed to Deccan Chronicle.
Anand said he had personally met NIA and ED officials with regard to Eswaran, Zakir Naik and Hamid Rashid. He alleged that people fronting for QNet had different shell companies across the world.
Sources said that the company QNet Technologies (Registration No. 1108782-K) was registered with Suruhanjaya Syarikat Malaysia was renamed as Finterra Technologies, allegedly funded by Zakir Naik, Anand claimed.
He claimed he had been told by NIA that Finterra Tech was funding Zakir Naik and Easwaran had been protecting Naik in Malaysia. Easwaran and Zakir Naik have been declared as threat to national security, by Indian agencies, he said.
