Panel asks investors to file petitions for claims

Questnet promised them gold coins

February 10, 2018 11:54 pm | Updated February 11, 2018 07:38 am IST - CHENNAI

 An investor of Gold Quest International showing the gold and silver coin at the police Commissionerate in Egmore.

An investor of Gold Quest International showing the gold and silver coin at the police Commissionerate in Egmore.

The Settlement Commission headed by Justice S. Jagadeesan has appealed to victims to file petitions for any claims from Questnet, a multi-level marketing firm.

In 2008, Questnet Enterprises India Private Limited, which functioned from Chetpet, floated a scheme promising investors gold coins and collected money from thousands of people across the country.

The company was subsequently closed, leaving the investors in the lurch. Thirteen cases were registered in different police stations. Subsequently, the CB-CID took up investigation.

According to a press release from the commission, property worth about ₹192 crore belonging to the company had attached.

Many victims are yet to file petitions before the Commission. It has been decided to receive petitions from February 12 to March 12 at its office on No. 15 Kangadeeswarar Kovil Street, Purasawalkam, the release said.

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