September 02, 2007 (LBO) – Prosecutors in the Philippines have sought to withdraw a criminal prosecution against Goldquest directors following appeals to higher courts, media reports from the country said. The case stemmed from a criminal complaint by former associates of Goldquest directors.
Goldquest chief Vijayeswaran Vijayaratnam and several others were arrested in Jakarta but later released as ‘syndicated estafa’, the offense listed in the Philippines case, was not a crime in Indonesia.
The Quezon City Prosecutor Jennifer Cabanban-Ong had sought to withdraw from the regional trial court (RTC) the charge of ‘syndicated estafa’ against Goldquest chief Vijayeswaran Vijayaratnam and his partners on August 28, GMAnews of the Philippines said.
“Prosecutor Ong forwarded the motion to withdraw to the RTC following the dismissal by the Department of Justice of an appeal, saying the prosecution erred in its resolution dated February 3, 2006 finding probable cause to indict the GoldQuest executives,” GMAnews said.
GMA news said Philippines Department of Justice had decided that there was no concrete evidence to show that the former associates were entitled to shares of Goldquest and it was not