The state government has banned SpeakAsia Online Pvt Ltd from issuing advertisements and any material connected with money circulation scheme.
A decision to this effect was taken by the state government following recommendation by the Crime Investigation Department (CID). So far, the CID officials have arrested six persons for carrying out the operations of SpeakAsia Online Pvt Ltd.
"Every copy of the newspaper and every copy of the publication containing such material and advertisement connected with any Prize Chits and Money Circulation Scheme (banning) Act, 1978 as promoted or conducted by SpeakAsia Online Pvt Ltd/ Haren Ventures Pvt Ltd in contravention of the provisions of the said Act shall be forfeited to the state government," an official release issued here on Tuesday said.
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