MUMBAI: Tarun Ratnani, a radio jockey, who was 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 that he had been conducting such programs in the city frequently and got Rs 50 lakh as commission from QNet.
QNet is facing a criminal case under various acts including the Maharashtra Protection of Interest of depositors (MPID) act. As per this act, prosecution can auction the seized/attached properties and distribute this money among the investors.