Following some serious investigations against the MLM company that operates through virtual existence in India, the EOW of Mumbai Police has finally detained Speak Asia's chief operator and three others
Moneylife Digital Team
The Economic Offenses Wing (EOW) of Mumbai Police has detained Singapore-based Speak Asia online Pte Ltd's chief operating officer (COO) Tarak Bajpai and three other people regarding the multilevel marketing company's affairs. Mr Bajpai was detained late last night at Indore and currently the Police are interrogating him and other three, said our sources. The EOW has also detained one person at Raipur in Chhattisgarh associated with Speak Asia and are bringing him to Mumbai, the sources added.
According to media reports, two days ago, the Criminal Investigation Department (CID) had frozen bank accounts of the online survey company. However, following the enquiry by the Income Tax and Service Tax departments, many banks had already frozen several bank accounts of Speak Asia's distributors. The company do not have any bank account in India under its name.
Last month, acting on a complaint by a non-governmental organisation (NGO), Andhra Pradesh Police had also arrested two agents of Speak Asia.
More details soon...
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