Wednesday, 16 July 2008

Cases piling up against GoldQuest, Herbalife in queue

A number of criminal complaints have been filed against the scandalous GoldQuest International Ltd in spite of threatening by its parent companyQuestNet to file defamation cases against police officers who filed accepted criminal complaints against the company.

Three cases in Warangal District and two cases in Vijayawada, Krishna district were already filed and consumer activists are gearing up to file class action suits against the fraudulent company deamanding compensation from the company for cheating them in the name of sending them coins purportedly having numismatic value which in fact is not true. They also claim refund of their hard-earned money and compensation.

More cases are likely to be filed in Visakhapatnam and Guntur districts soon. It may be recalled that several thousands of people were cheated all over the country with the promise of getting quick rich. In fact, the organisers of the scheme and the vortex in the chain have only benefitted. They amassed enormous wealth. For instance, Eenadu, a vernacular newspaper reported that one of the top grossing members, Padma, has amassed Rs. 22 crore within a short span of three years. If it is not getting quick rich, what else is? It is a classic case of getting quick very rich and followed by Ravi Ramesh Babu of Vijayawada and Rajendra Kumar Solanki of Vijayawada. Bo the latter are anywhere between Rs. 50 lakh to Rs. 2 crore each earned while enrolling new members and getting commissions through enrolling.

One has to wait and watch to see the logical end of these cases and it may drag on for years to come. And this multinational fraudster has not dearth of funds to drag on the case for years. It is high time that the Central Government woke up and threw these fraudulent companies like Amway, Herbalife, GoldQuest and a plethora of similar companies out of the country to save the country and people.

No comments: