MLM / Chain Money
Ashok Saraogi, former counsel of SpeakAsia, is arrested in a cheating case: report
Currently, Advocate Saraogi is representing Rahul Raj in the Pratyusha Banerjee suicide case, and in 2011 addressed the press as counsel for SpeakAsia online survey company accused of duping lakhs of people for about Rs2,276 crore 
 
Senior advocate Ashok Saraogi, who once represented Speak Asia, the controversial online survey company, was arrested on Sunday for cheating and forging documents to help a client grab land in Raigad, says a report. Advocate Saraogi, who hit headlines for representing gangster Abu Salem in the Pradeep Jain murder case, is currently representing Rahul Raj in the Pratyusha Banerjee suicide case.
 
According to a report from Mumbai Mirror, Advocate Saraogi was remanded in police custody till 25th April, while two more lawyers, Sohel Kazi and IVY Tauro, who too have been accused in the case, will spend three days each in custody starting Monday.
 
"The arrest on Sunday came after Saraogi surrendered at the Azad Maidan police station following his decision to withdraw an anticipatory bail filed before the Supreme Court. The anticipatory bail application in the Supreme Court was Saraogi's third attempt to avoid arrest in a case where he stands accused of helping businessman Ashish Bagaria and his father Santosh Kumar Bagaria usurp nine parcels of land belonging Ashish's estranged wife Nickee in Raigad. Earlier, his anticipatory bail applications at Sessions Court and Bombay High Court, where the land grab case is being heard, too were rejected," the report says.
 
In the case filed by Nickee in the court, she has alleged that her husband and his father forged back-dated a memorandum of understanding to enter into a deal to acquire the Raigad land to one of their relatives Vinod Jhunjhunwala without her knowledge. According to the report, under sustained questioning in the court, the Bagarias admitted that they had paid Mr Saraogi Rs5 lakh to create backdated documents to match with a power of attorney Nickee had revoked in 2014. 
 
Earlier in 2011, Advocate Saraogi called a press conference in Mumbai, barely five days after Speak Asia's first media interface. Speaking at the press conference, Mr Saraogi said, "The company (Speak Asia) is not selling any surveys to panellists, but e-zines to its subscribers. Surveys are offered as additional benefit and can be withdrawn any time if the company's contract with clients comes to an end."
 
The senior lawyer had also claimed that Speak Asia is selling its magazine over the Internet, which is allowed under the existing law in India and the company is in the publications business. Although Mr Saraogi had said that he was a legal advisor for Speak Asia, not a single official from the company was present at the press conference.
 
Few days later in June 2011, Speak Asia's PR agency LinOpinion Public Relations, a division of Lowe Lintas group, also decided to stay away from the controversial MLM company within three months after winning the full service business for Speak Asia. 
 
Last year in April, the Enforcement Directorate (ED), attached bank balances worth Rs101.06 crore in accounts related with multi-crore SpeakAsia chain marketing scheme. In a tweet, the ED had said its Mumbai regional office attached the balance under the Prevention of Money Laundering Act, 2002 (PMLA).
 
Earlier, in February 2015, Mumbai Police arrested six persons including Sanjeev Mehta, the Country Head (Sales) of SpeakAsia, in the Rs2,276 crore cheating case.   
 
In July 2011, Navneet Khosla, a Mumbai resident, had filed a police complaint stating that the firm had promised a return of Rs52,000 on his investment of Rs11,000.
 
Those arrested by Mumbai Police include Hemant Suryavanshi, Hemant Chavan, Sudhanshu Tripathy, Virendra Singh and Hasmukh Patel. Suryavanshi, Chavan, Tripathy and Singh were SpeakAsia's franchise holders while Patel, who was arrested from Ahmedabad, ran Patel communication franchise.

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COMMENTS

Sai Ram

2 months ago

Can anyone let me know about Green planet Bio products. There are couple of people coming to our area selling these products for farmers. They are also selling it as a MLM, the documents seem to be genuinely. Can anyone please help me to know if this is genuine?

India today is key market for global Net giants: Morgan Stanley
New Delhi : India has emerged as a key market for some of the global Net companies even though it is yet to make the cut to the top league in terms of revenue contributions, says a study by Morgan Stanley.
 
The top investment banker reached the conclusion based on app downloads in India over the past 12 months for the offerings from these global internet giants. The study also says the country has quite a few commonalities with Brazil.
 
"WhatsApp had 55 million downloads in India in the past 12 months, making it the Number 1 country with a 35-percent market share," says the study. "WhatsApp and Facebook Messenger are the largest instant messaging services in India followed by Hike."
 
The study says India also ranks among the top three markets in terms of app download for internet companies such as Amazon, Uber, Candy Crush, LinkedIn and Facebook.
 
"US accounted for the largest share for all these companies. India or Brazil filled in the Number 2 position for each of them," the study says. "We were surprised by the fact that Twitter ranked 5th in India in terms of app downloads."
 
The top three slots for Twitter were taken by the US, Brazil and Japan.
 
"We believe tracking the Brazilian internet market closely could raise some interesting insights on the Indian market, as both countries seem to have common traits and are in the same growth cycle," says the study.
 
But the study finds the monetisation levels to be low in India.
 
"Interestingly, while India accounted for 13 percent of the app downloads for Candy Crush, it only accounted for 0.2 percent of its revenues. On the other hand, while the US accounted for 14.4 percent of app downloads, it generated 61.4 percent of revenue for Candy Crush."
 
India had over one billion subscribers of mobile phone services and 140 million for broadband in both wireless and wireline modes as on January 31 this year.
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.

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After 16 years in captivity: Tripura man's surprise homecoming
Agartala : As his family was at its wits end to obtain 50-year-old Ranjan Saha's death certificate, the banana seller startled one and all by returning home 16 years after he had been abducted by armed militants who held him captive at their hideout in Bangladesh. He was let off for "good behaviour" as he never tried to escape.
 
"Since my abduction, I had been pleading with the rebels to release me as I was the lone bread earner of my (four- member) poor family. But they always become furious and tortured me," the feeble-voiced Saha told IANS.
 
"They made me do various type of works in their camp deep in a jungle in the Chittagong Hill Tracts (CHT) (in southeast Bangladesh). I do not know the exact name of the place. There are at least 25 other people, mostly kidnapped by the extremists, also working in the same camp," he added.
 
Saha was kidnapped by the extremists of the National Liberation Front of Tripura (NLFT) from Jampuijala, 35 km south of Agartala, on April 18, 2000, along with two others. He had gone to Jampuijala to buy bananas, which he would sell in Agartala.
 
"The guerrillas also kidnapped at gunpoint two other traders along with me. They kept us blindfolded for more than a month as we had to trek through mountainous terrain before we reached the militant's camp in the CHT," he said.
 
"The abductors subsequently learnt that we would not be able to pay any ransom. Hence they made us do various types of work like cleaning and maintaining the camp, cooking and collecting water, besides other odd jobs. The two other captives who were kidnapped along with me were shifted to other unknown locations," Saha said.
 
"Despite my inability to do so due to ill health and hostile surroundings, I quietly continued with the hard work. The food was sometimes unpalatable. I was constantly praying to god to liberate me from this awful life for the sake of my wife, two sons and my beloved daughter," he said
 
According to Saha, "the militants were pleased as I never tried to run away from their camp".
 
"Recently, god might have heard my prayers. The militants released me one month back after giving me some money. I then went to relatives' house at Madhabpur in Habiganj district of Bangladesh. From there, clandestinely I crossed the border with the help of a Bangladeshi middleman and reached my house at Shibnagar in Agartala (last week)," Saha said.
 
After Saha's abduction, his family lodged a case in the Jirania police station and met a number of people, including ministers, senior police officers and other influential people in a bid to locate him.
 
"In 2007, we filed a case in a court here to get my father's death certificate. The case is still pending with the court," Ranjan Saha's elder son, Abhijit Saha, told IANS.
 
Ranjan Saha, who is now being treated at the government-run Gobind Ballabh Pant Hospital and Medical college here, was upbeat about his future.
 
"I would re-start my business afresh after my health improves," he said.
 
Saha's 45-year-old wife Sumitra explained how she struggled during the past 16 years after her husband's abduction and brought up the children by working as a cook in a neighbour's house.
 
"I am indebted to god that my younger son Rajesh got a temporary job as a representative of a private company in Kolkata. I married off my daughter Sampa and she is happy. It is only due to the god's mercy my husband returned to us," Sumitra told IANS.
 
According to Tripura Police documents, during the peak years of terrorism in the state between 1997 and 2014, over 2,430 people, including legislators, political leaders, traders, government employees and civilians were kidnapped by extremists, of whom 1,705 were subsequently released.
 
"For many years, abduction for ransom became a trade by the militants. Many people were released by the extremists after taking ransom but many people were killed as the victims' families either could not pay the money sought or did not fulfil the rebels' other demands," security and terrorism expert Manas Paul told IANS.
 
Members of NLFT and the All Tripura Tiger Force (ATTF) undergo arms training in hideouts and covert camps in various parts of Bangladesh, which shares an 856-km border with Tripura.
 
Banned in 1997 by the central government, the two outfits advocate Tripura's secession from India. However, ATTF has become almost defunct as most of its cadres have surrendered.
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.

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