"They posed as a marketing firm which would sell bio-discs, watches, herbal products, holiday packages, etc.
They even claimed that by using the bio-disc, one can cure cancer and brain diseases," cops said.
"We are going through all his bank account details and trying to ascertain the source of money to his account," said DCP Pravin Padwal of the EOW.
Singh's name had cropped up during the initial investigation in 2013 but the police could not locate him then.
Mumbai: The Economic Offences Wing (EOW) has arrested Ram Singh, an accused in the Rs 1,000 crore QNet case, for earning Rs 50 lakh or more as commission each year from proceeds of the crime.
Singh, a Bengaluru resident, was arrested last week after the imigration authorities at Bangalore airport detained him over a look out circular notice (LOC) issued by the Mumbai police.
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In January 2015, a police team visited his Bengaluru residence but did not find him there. He is the 19th accused to be arrested in this case so far."We are working to arrest all the culprits in this case. Moreover, he was looking after the QNet business in Dubai and has been shuttling between Dubai and India. Soon after getting it, we issued an LOC notice and he was detained," said an officer.