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Chennai police recover gold coins from MLM firm

Calcutta News.Net
Saturday 3rd May, 2008 (IANS)

Gold coins weighing 71 kg worth over Rs.215 million ($5.37 million) were seized and five employees of a multinational multi-level marketing (MLM) company Quest Net were arrested for cheating, the police said Saturday.

The arrests and seizures were the follow-up of a complaint by an investor, Dinesh Kumar, based here who said the company cheated him of his investment of Rs.62,000 and threatened him with dire consequences if he persisted with his allegations.

Quest Net's international parent company Gold Quest, however, denied the charges late evening and assured its investors in a press release that it was operating legally.

Quest Net's director Pushpam Apala Naidu (45) and four employees were arrested for criminal breach of trust, cheating, wrongful restraint, conspiracy and criminal intimidation under the Prevention of Prize Chits and Money Circulation Scheme Banning Act. They were remanded to police custody.

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Comments on this story

VIJAY 04 KALUMPANG
05-08-08, 09:25 AM

FAILURE TO GUIDE COURSE THIS PROBLEM!

HI, THIS PROBLEM IS OCCURED B’CSE THE LEADER FAIL TO GUIDE THE DOWNLINE AND NEVER EXPLAIN THE BIZ PLAN IN ORDER. THIS IS PEOPLE MISTAKE.... NOT THE COMPANY MISTAKE... QI IS PERFECT CHANGING PEOPLES LIFE IN THE WORLD. WHY ONLY INDIA FACING THIS PROBLEM.. DATO VIJAY ESWARAN IS A WONDERFUL MAN IN THIS WORLD.. HE GIVING LIVE TO INDIAN BUT THEIR DO NO HOW TO APPRECIATE IT....., PLS REMIND “STOP THE CRAB INDIAN STORY AGAINST HIM"

Ranggi raj
05-08-08, 09:15 AM

Some stupid idiots!!!!

The person whom creating this kind of problem... is realy dont understand the system because their education level is very low, thats why? This thing only happend in India (sorry to say). this bussines was developing more than 2oo countries but they never facing this kind of problems.

Kumar14
05-06-08, 08:21 PM

False Accusations

This Noble company is endorsed by United Nations, World Bank, FIFA and many more international bodies. Several governments has charged this business, mislead by some people with personal agenda, and then lost the case and apologised to this company.
This is just another test, in which people will again realise that this is not a pyramid scheme, and never the company has cheated a single person. Those who cant work the business are the ones who are starting the false accusations.....

cummon mann
05-05-08, 02:16 AM

Chennai police recover gold coins from MLM firm

There is a question of understanding mlm here in the first place. The complainant should have first hand knowledge and information about the business ( quest net ) that he is investing his money into. Mlm basicaly works in a referal plan system and therefore an investor should work for his money unlike investing in fixed deposits or mutual funds.In this case the complainant probably expected his money to double by itself with zero efforts from him. Please understand the concept of mlm before venturing into it.

common sense
05-05-08, 02:29 AM

obviously

A company dealing with gold coins and a strong customer data base will undoubtedly hold stock inventry in hand for business RIGht ? There is no situation of unlawful posession of gold in this case. Some unsatisfied customer who simply did not understand his role in the business he invested his money has made a complaint to the police, who went to follow up on the complaint and landed up seizing the merchandise of the company. The media covers the entire scene and altogether gives it a negative image by saying gold seized from mlm company....bla bla

Raja.singapore
05-05-08, 03:47 AM

openion

This is a global net work system. this company system is very gently, Onething very importent to say, whoever want to invest money in any bussiness must have to unterstant about that business before invest the money. I think this bussiness is very suitable to foriegn contries. because educated people easy to understand about this system.

Anonymous
05-06-08, 03:40 AM

raskal

are u thinking indians r illitrated fellows ?

Raja.singapore;80721:
This is a global net work system. this company system is very gently, Onething very importent to say, whoever want to invest money in any bussiness must have to unterstant about that business before invest the money. I think this bussiness is very suitable to foriegn contries. because educated people easy to understand about this system.

Spectator
05-05-08, 01:09 PM

what business tactic is this to get money from others to make yourself rich.In these pyramidal scams only people in the top benefit and the people in bottom are the losers.We can very well see from the case filed that its not just on fraud but also on threatening on Life.Kudos to people who call it a business.

wjesudas
05-06-08, 02:02 AM

Pyramid schemes are scam in whatever form they are run

All pyramid schemes are scams irrespective of the name they are given. they are run by people who give an oppertunity to powerfull people in positions of authority to threaten and misuse their postition and authority to scam the people under their power and authority.

gk
05-06-08, 07:57 AM

Thanks 4 ur valuable msgs , friends . This is not in a Pyramid way ,plz try to analyse it.

hi friends,
This is not a pyramid structure , analyse like this , if one have , 100 on one side and 1 on other side , will he get any thing ?
Definitly NO!.
then how it can be a pyramid structure.

Anonymous
05-06-08, 10:28 AM

Worse than a pyramid scam

This questnet scam was earlier known as Goldquest scam. This a worse than a pyramid scam, it is based on a double pyramid structure, so chnaces of getting anything out of this scam are even less than a regular pyramid scam. These people should be put in jail.

Anonymous
05-07-08, 09:55 AM

The person whom you are calling a suspect Mr. Vijay Eshwaran was invited by govt of India in “Bhartiya Pravasi Divas” to give a lecture on enerprenaurship. And today because few people who doesnt understand business at all creating a fuss about it

V-Family
06-29-09, 03:38 AM

GM

the people who call this a scam should check first if them being born is a scam.

they fail to believe in the future of the world, and those who say that only people on the top earn, yes its true.. but who stopped YOU from getting on the top... the company does not select you to get there.. you got to work hard to earn it.. so move your ass and start working...

its just like saying.. oh only people with jobs earn money... DUH !! its logical.. no work.. no money.. simple..

Roz
05-28-08, 07:43 AM

Idiots are the people who invest in Gold Quest


Gold Quest is not only an illegal pyramid scheme but also it destroys other peoples jobs by incorporating companies in different names and buying shares in different companies. The ultimate result is that the Directors disappear. They only know to fill their pockets. Very soon they will all learn their lessons and beg on the street. Pushpam who was arrested is also answerable and this is the start she will have to suffer a lot more, not to mention V. Eswaran. He was arrested once. Although he shows he is very charitable it is all utter nonsence.

vinay007
06-18-08, 01:27 PM

questnet busienss is world class business which i havent seen in my life.

well guys how are you i know the some people are getting very wrong message about questnet compnay. i am in this business last 4 years and i know every thing and i am earning verywell . in this world if you want be succesful man or become rich person there NO shortcut ok . those who failure i will tell them that there fear of failure they never success if they have this.

even it is has happen when company going on success day and night some people or other company cant digest that success and then this kind of cheap a very cheap things happen . so i am request to all that think beong dont think only for today ok.

www.manyforyou.com - see for gold quest
06-26-08, 11:56 PM

Find the Real thing about gold quest at this site

friends find the real thing about gold quest at this site www.manyforyou.com and click for part time business

Dont join in gold quest
06-27-08, 12:15 AM

Dont join in gold quest

Friends i seen the blog articles and decided not to join gold quest ,

see this blog

www.goldquestdebate.blogspot.com


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