Hyderabad, March 29 -- The Directorate of Enforcement (ED) has frozen an amount of more than Rs. 137 crores during search operations at seven locations (4 in Hyderabad and 3 in Bengaluru) conducted in connection with a money laundering case against Vihaan Direct Selling(I) Private Limited, a sub-franchise company of Qnet Ltd.

According to the officials, the ED initiated a PMLA investigation on the basis of 38 FIRs against Qnet Ltd., Vihaan Direct Selling (I) Private Limited and others registered by Cyberabad Police, Hyderabad under various Sections of IPC and Prize Chits and Money Circulation Schemes (Banning)Act, 1978.

"During the investigation, it was revealed that M/s Vihaan Direct Selling (I) Private Limited has been cheating gullib...