Chennai arrest report ‘inaccurate’: QuestNet India says

May 7th, 2008 - 4:58 pm ICT by admin  

Kuala Lumpur, May 7(IANS) The Quest India Group of Companies has termed as ‘inaccurate’ reports from Chennai about the arrest of one of its woman employee and seizure of goods. A lawyer for the firm said the group would fully cooperate with the authorities in resolving any issues, The Star newspaper said Wednesday.

Muhammad Shafee Abdullah, whose legal firm is acting on behalf of QI Group of Companies, issued a statement here Tuesday saying the products seized from QuestNet India’s office in Chennai were for distribution.

Inaccurate reports about it were “dislocating to the business”, the statement said.

QI is a multinational and diversified group with interests in various businesses and QuestNet is one of its businesses and a subsidiary.

“QuestNet India and its business in India are quite separate and distinct in themselves,” the statement said.

Media reports Tuesday said a Malaysian woman entrepreneur, who was a managing director of a multilevel marketing company in India, was detained by Chennai Police for alleged fraud.

The woman has not been named.

Police in India had said the woman and her seven employees were picked up after they received complaints from investors against QuestNet.

It was also reported that an assortment of gold and silver coins, watches and mobile phones were seized from the company’s premises.

“On allegations against any ‘contact’ of members of the group, we wish to make it clear that we fully cooperate with the authorities, but any untoward slant otherwise placed in the article against any individual or member is misconceived,” the statement said.

Shafee’s statement explained that customers who purchased a product from QuestNet had an opportunity to become independent business representatives of their own free will, a business model similar to any other multilevel-marketing company.

QuestNet did not tolerate any breach of policies and would take swift action including suspending and terminating representatives who acted in violation of the procedures, the statement said.

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