Owners of Richmond vault company sued for almost $300K in missing gold, metals

Two customers of a Richmond safety deposit box business have been given the green light to pursue claims against its owners for allegedly removing gold and other contents from their boxes.

In their lawsuits, Kulanayagam and Hsu claimed they rented a safety deposit box anonymously to store contents valued at about $116,000 and $176,557, respectively. Contents included coins, gold, platinum and silver bars and international currency. When Kulanayagam and Hsu demanded IPV return the contents of the boxes, IPV denied them access, claiming they failed to show IPV they were the renter, Bilawich wrote.

Hsu sought the return of the box contents, claiming any money or assets unaccounted for are subject to a remedial constructive trust and damages. When IPV applied to set aside the default judgment, a B.C. Supreme Court justice declined the request but allowed the parties to retain a third party to inventory the contents of Hsu's box before they were delivered to Hsu's counsel.

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