SpeakAsia: ED attaches bank balance of Rs101.1 crore
Moneylife Digital Team 08 April 2015
SpeakAsia, the online survey scam, which duped thousands is facing a Rs2,276 crore cheating case. The Enforcement Directorate has attached bank balances of over Rs100 crore from accounts related with SpeakAsia
 
The Enforcement Directorate (ED), has attached bank balances worth Rs101.06 crore in accounts related with multi-crore SpeakAsia chain marketing scheme. In a tweet, the ED said its Mumbai regional office attached the balance under the Prevention of Money Laundering Act, 2002 (PMLA).
 
Earlier, in February, 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, arrested from Ahmedabad, ran Patel communication franchise.
 
You may also read:
 
 
 
 
Comments
Free Helpline
Legal Credit
Feedback