04 January 2012

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Money laundering case registered against Speak Asia by Enforcement Directorate

Money laundering case registered against Speak Asia by Enforcement Directorate


Tuesday

The Enforcement Directorate (ED) on Tuesday registered a case against Speak Asia, a Singapore-based online survey company, under the Prevention of Money
Laundering Act in connection with a multi-level marketing scam.



Speak Asia had allegedly duped over 12 lakh investors, also called as panelists, to the tune
Of Rs 1,300 crore.

Before this Police had 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

Reality views by sm –

Wednesday, January 04, 2012

Tags – Speak Asia ED Money Laundering Case

Source – PTI

6 comments:

Renu January 04, 2012  

last year when I went to lucknow, everybody there was so gungho about this co. and I cautioned them, I never believe in easy money or money generated without any service or production..

Alka Gurha January 04, 2012  

Honestly, these days we do no know whom to trust.

Urmi January 04, 2012  

Wish you and your family a very Happy New Year.
In this present scenario its hard to trust and believe anybody. People always try to take advantage of the situation.

sm,  January 04, 2012  

Renu,,thanks.
Alka Gurha,,thanks.
Urmi,thanks.
Happy New year

Teamgsquare January 04, 2012  

Atleast some action against them .