TAGUM CITY, Davao del Norte, Philippines — The police here are preparing a case of large-scale estafa against QuestLink Digital Marketing Services, after its chief executive officer allegedly fled with some P200 million of investors’ money.
Capt. Anjanette Tirador, police spokesperson, on Saturday said that authorities are on the lookout for a Kenneth Paz Nagas, reportedly from Quezon City and the QuestLink CEO, and a Rogie Sabando, the company’s operation manager, after a complainant reported that Nagas could no longer be reached.
Tirador quoted the complainant, an agent for some 100 investors who had put a total of P209 million in QuestLink, as saying that the company had promised a 500-percent return of investment in just 15 days.
The complainant said QuestLink started its operations in Tagum only on June 1, with the investments placed between June 4 and early this week. The company has no office, with investors asked to deliver their investments through the company’s agents at the lobby of a hotel in the city.
The police here have asked other aggrieved investors to come forward to file their complaints.