New Delhi: The case of Speak Asia, the online survery company which is at the centre of a huge scam, is set to come up before the Supreme Court on Monday. Some of the investors have approached the court. Surprisingly many of them are expressing faith in the firm and are asking the government agencies to remove the freeze on the accounts of these firms.
However, for millions like Solomon James, the apex court is the only option left to retrieve their money from the now tainted online survey company.
Solomon James said, "We are saying that if the company wants to return our funds, they must be allowed to do so."
The scam first hit headlines earlier this year when BJP's Maharasthra leader Kirit Somaiya blew the whistle....
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01:18 PM, Oct 16, 2011
Mumbai: A local court on Thursday remanded the five accused arrested in connection with Speak Asia's multi-level marketing scam in police custody till August 12. Mumbai Police had recently arrested Speak Asia's Chief Operating Officer in India (COO) Tarak Bajpai, Financial Manager Ravi Khanna, the web portal's technicians, Rajeev Malhotra and Rais Khan and panelist Deepankar Sarkar. Speak Asia had promised lucrative returns through a multi-marketing pyramid model. The firm...
10:14 PM, Aug 04, 2011
New Delhi: Embattled online survey company Speak Asia is on the defensive after its Chief Operations Officer (COO) Tarak Bajpai and four other officials were arrested on Friday on charges of cheating and criminal conspiracy. Mumbai police said large sums of money were transferred out of India, with Speak Asia collecting about Rs 1,320 crore by fraudulent means. A statement released by the company said, "Speak Asia has always offered...
07:17 AM, Jul 30, 2011
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01:51 AM, Jul 30, 2011
Mumbai: The first arrests have been made in the Rs 1320 crore Speak Asia fraud case. Mumbai police have arrested the online survey company's COO Tarak Bajpai and four other officials into custody. But the Singapore-based owner of the ponzi scheme company is still absconding. "We have registered an FIR under cheating and criminal conspiracy (section 120b)," said Joint Commissioner of Mumbai Police (Crime) Himanshu Roy. Based on a subscription...
11:18 PM, Jul 29, 2011
New Delhi: Speak Asia COO Tarak Bajpai was detained by the Economic Offenses Wing of the Mumbai police for questioning on Friday. The online survey company hit controversy in a multi-crore scam. The move comes just two days after CID froze the online survey company's bank accounts. Bajpai, who is the most prominent face of the online survey company's India operations will be flown from Indore to Mumbai. Speak Asia...
07:14 AM, Jul 29, 2011
