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'Gold Quest members will get money back'

Chennai City Police Commissioner Nanchil Kumaran on Saturday said necessary steps would be taken to get refund of deposits made by thousands of investors in the controversial Gold Quest International.

Speaking to reporters in Chennai, he said the police are speeding up the process to arrest the company's managing director Vijay Eswaran, who is reportedly in Malaysia now.

The Commissioner said as many as 17,348 complaints were filed against the firm.

'It is learnt that the company had cheated Rs 45 crore by collecting money from its members.' he said.

Stating that the police found that Gold Quest had invested Rs 150 crore in share market, Kumaran said steps are being taken to put that money on hold.

He also said that the firm had invested in a couple of other financial institutions too.

Source: newstodaynet.com


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