RJ who held QNet training in police custody

MUMBAI: Tarun Ratnani, a radio jockey, arrested for allegedly organizing a training camp to lure investors to join QNet, a marketing firm, was on Monday sent to police custody till November 10. The police said he conducted such events frequently in the city and had got Rs 50 lakh commission from the firm.

QNet is facing a criminal case under various Acts, including the Maharashtra Protection of Interest of depositors Act under which the prosecution can auction seized/attached properties and distribute this money among investors. "He has been involved in QNet promotion for the last couple of years. Our officers attended one such event on Sunday and arrested him," said an officer. A hunt is on for other promoters. Cops claim the firm cheated more than a lakh people and that the fraud is over Rs 400 crore.

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