This report was telecasted in CNBC Awaaz on 10th august.
updates Of Speakasia 11th August.
- EOW has signed a Non-Disclosure agreement(NDA) with speakasia and checked the client list and also verified it with the clients.
- Speakasia has also brought a TV channel named 'A2Z'.This has not been officially launched till now,and will soon be released.This news was confirmed by the franchise of speakasia.
- A peaceful rally is being organised on 12th august in Mumbai, at 10 a.m,azad maidan,near CST station.
Updates 8th August
- Today EOW called Many franchise and top panelists for investigation.After investigation EOW has accepted that speakasia in not an money laundering company.
- SAOL didn't give the complete authority of there server and the Govt. officials were accompanied by SA's technician (IBM).
- Court cannot extend the custody of Tarak Bajpai any further than 12th August.
- Till date EOW has no evidences against speakasia.
Speak Asia case accused remanded in police custody till Aug 12
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.
The city 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 allegedly duped over 12 lakh investors, also called as panelists to the tune of Rs 1300 crore, by assuring them commission if they introduced new members.
The police today told the court that they want to recover the money that the accused had syphoned off after duping the investors. The police also said that some more arrests were likely in the case.
The police also said that they have frozen 35 bank accounts belonging to the company which reportedly have funds worth about Rs 130 crore.
