Former Billiards Champion Michael Ferreira and three other directors of a multi-level marketing firm, Qnet were arrested by Hyderabad police.
The four directors of the company, including Michael Ferreira, have been brought to Hyderabad from Mumbai.
They were brought to Hyderabad on Prisoner on Transit (PT) from Mumbai.
They are said to have duped thousands of members, who complained to the police.
The directors of Qnet also promised incentives to those who invested in their company but refused to pay them.
It is to be mentioned here that QNet and its franchisee firms allegedly sold products such as magnetic disks with ‘healing’ properties, herbal medicines and holiday schemes