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Asian Tribune is published by World Institute For Asian Studies|Powered by WIAS Vol. 12 No. 2965

Police face more gold fraud complaints

Chennai, 06 May,( The network members, who lost their money in the Quest Net, a multi-level marketing company, are continuing to storm the Chennai Police Commissioner’s office with complaints.

According to sources, the police who sealed the company’s office is planning to freeze its bank accounts and arrest its founder Vijayendran who is in Hong Kong.

The case is likely to be transferred to Central Bureau of Investigation (CBI) for further investigation.

Meanwhile, Quest Net officials forwarded SMS to the network members requesting them not to file their complaints against the company, as they were innocent.

After losing the hope of getting their money back, the victims lined up at the Commissionerate for lodging their complaints. Unable to tackle the crowd, a separate counter was set up in front of Commissioner’s office to issue petition copies to be filled in by the affected persons.

Meanwhile the complainants who reached the Commissionerate today had different tale of woes to reveal to the policemen. Many claimed that joining Quest Net was one of the worst decisions in their life.

An auto driver, said that he pledged his wife’s jewellery to pay the amount in gold firm a couple of years ago.

One of the network members convinced that he would be able to earn lakhs of rupees by just purchasing a gold coin and by putting little effort to sell their products to others.

Another member Lakshmi alleged that only few have benefited from the scheme, ‘while a person like me had fallen prey to lofty claims made by representatives of the company.’

The victims also alleged that they were asked to attend meetings in five-star hotels where senior men from the firm coached them how to market the products and enroll customers.

Initially, the persons who attended the meetings were asked to sign a form and later the officials from the firm pressurised them to pay the money soon.

For the Quest Net officials, the police action came like the bolt from the blue as they were yet to recover from the excitement of the attractive show in a star hotel.

It may be noted, acting on a complaint from one of the company’s network member, the police arrested seven persons on the charges of fraudulent business practices.

According to the complaint, Quest Net refused to give him the gold coin after paying Rs one lakh on the ground that he failed to enlist 10 more members.

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