Police invokes stringent law to probe alleged fraud case

The economic offences wing (EOW) of the city police, probing the alleged Rs 425-crore fraud involving marketing firm QNet, has invoked stringent Maharashtra Protection Of Interest Of Depositors' (MPID) Act in the case, police said today.
Application of this law authorises the police to seize movable and immovable properties of the accused, auction them and pay money to its victims.
So far, ten people have been arrested by the police.
An FIR in the case was registered in August 2013.
The accused have been charged with cheating and forgery under relevant sections of the Prize, Chits and Money Circulation Schemes (Banning) Act 1978.