Have no direct involvement in QNet operations: Ferreira

Former world billiards champion Michael Ferreira today claimed he has no direct involvement in the operations of the multi-level marketing firm QNet, which is under the scanner in connection with the alleged Rs 425 crore scam.
Ferreira (75) turned up before the Economic Offences Wing (EOW) for the third day today. He was grilled for nearly two hours and his statement was recorded, following last week's directive by a sessions court to present himself for questioning.
In a statement, Ferreira claimed he told investigators today that he invested in Vihaan Direct Marketing Selling Ltd, the Indian franchisee of QNET, but clarified he had no direct control over the business operations.

Ferreira is alleged to be an 80 per cent share holder in Vihaan firm.
"My role was limited to that of a share holder. I have not received any dividend from the company so far," he told police.
Later, Ferreira reiterated his commitment to co-operate with the law and visit EOW whenever the police want him to do so.
"I have very high respect for the Mumbai police and full faith in the country's judicial system," he said.