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Son has no role in scam: Boman

Mumbai, Jan. 8: Boman Irani today denied allegations he and son Danesh were involved in a Rs 425-crore scam blamed on marketing agency QNet, a day after Mumbai police said they were probing the youth’s role.

“My involvement with the company is merely based on the fact that I have attended a function of QNet and had been photographed there,” Boman said in a statement after a complainant alleged Danesh had promoted and propagated the scheme along with his father.

Complainant Gurupreet Singh Anand alleged that former world billiards champion Michael Ferreira had also participated in QNet events.

Boman questioned claims by the police’s economic offences wing that his son had earned “a considerable amount” through QNet. The police have said Danesh’s bank accounts reveal a transfer of Rs 18 crore.

“My son had worked as an agent like thousands of others during 2007 and 2008 when he passed out of college. After that, he left for the US for his MBA. His hard-earned earnings for his efforts as a multi-level marketing agent are all taxed and above board,” Boman said.

The actor also claimed he hadn’t been informed yet about any probe related to the scheme that cops suspect could be a Ponzi variant. “Even though an individual has made this complaint, no authority, including the EOW, has intimated us about any inquiry. Rest assured, me and my family are law-abiding citizens of the country.”

But the police said they would speak to Danesh about his links with QNet and the alleged transfer of Rs 18 crore to his account.

Gurupreet had filed an FIR in August last year, followed by a two-page complaint giving details of Danesh’s alleged links with the scheme.

The complaint accuses QNet of luring investors with schemes involving investments between Rs 30,000 and Rs 7 lakh. It alleges that the firm posed as a marketing entity selling bio-discs, watches, herbal products and even holiday packages.

“For the past two years, QNet, the franchise of a Hong Kong company, has been operating through the Bangalore-based Vihaan Direct Market Selling,” said Rajvardhan Sinha, the chief of the police’s economic offences wing.