Just in: The Mumbai Police has issued a lookout notice against billiards champion Michael Ferreira in Rs 425 crore QNet scam case. A notice has been issued after Ferreira failed to turn up for questioning in the multi-level marketing scam case.

The EOW of the Mumbai Police on December 16 arrested eight top members of Vihaan Direct Selling (India) Pvt Ltd, a franchise of Hong Kong-based company Qnet, that was allegedly indulging in a binary scheme one where existing members are required to bring in more members.

Padmashree awardee and billiards champion Michael Ferreira is an 80 per cent shareholder in this company.