Hyderabad(Nov, 8) : In a significant development, M/s Questnet Enterprise India (P) Ltd., a company accused in the “Gold Coin Case,” has been apprehended after being on the run for 15 years. The arrest was made by the NBWs Special Execution Team of CID Telangana, in collaboration with law enforcement authorities in Besant Nagar, Chennai, Tamil Nadu. The case revolves around an alleged Money Circulation Scheme, where customers were induced to part with their money under false pretenses. The complainant, Md. Fasiuddin, reported that the accused promoters, G. Madhava Rao and G.Vidyavathi, enticed him into a multi-level marketing business, taking Rs. 32,000 for a Gold Coin purchase and Rs. 460 for registration. However, he did not receive the promised commissions.
The accused company, M/s Questnet Enterprises India (P) Ltd., was alleged to have registered under the Companies Act-1956 and promoted an illegal Money Circulation Scheme, misleading the public with false promises and high-priced gold coins. Subsequently, a case was registered under various sections of the IPC and the Prize Chits and Money Circulation Schemes (Banning) Act, 1978. Kamakshi Ranganathan, the accused director, had been absconding since the offense, with two pending Non-Bailable Warrants (NBWs) against her for 15 years.
The NBWs Special Execution Team, under the supervision of Superintendent of Police B. Ram Reddy, successfully executed the warrants on November 7, 2023, and brought the accused to Hanamakonda, Warangal. They were presented before the Hon’ble Chief Judicial Magistrate Court on November 8, 2023, for Judicial Remand.
Additional DGP, CID, Mahesh M. Bhagwat, IPS, commended the Special Team for their efforts and indicated that they would be suitably rewarded for their work.
 Ltd., a company accused in the "Gold Coin Case," has been apprehended after being on the run for 15 years. The arrest was made by the NBWs Special Execution Team of CID Telangana, in collaboration with law enforcement authorities in Besant Nagar, Chennai, Tamil Nadu.){kind=link}