The Chief Operating Officer of speakasiaonline, Mr Tarak Bajpayi has been arrested on Thursday at Indore, Madhya Pradesh, India. The arrest shows that the investigation into the large scale fraud of speakasiaonline is going in right direction.
The police should also intensify the investigation and arrest more persons in this massive fraud. Corporate Frauds Watch is demanding the massive funds transferred from India by the fraudulent company should be repatriated immediately. It may be recalled that the speakasiaonline has already siphoned out several hundreds of millions from India to Singapore.
All these fraudulent companies encourage their members to recruit more and more members from their friends and relatives. Out of enthusiasm to earn more commission these members draw their own friends and relatives into the dragnet. The real problem surfaces once the chain breaks and people lose their money. They never trust their friends and relatives for causing financial loss to them. This mistrust seriously affects the social fabric of our society and it is more dangerous than losing money. No one trusts anyone.
My dear fellow humans all over world! Do not fall for the easy and quick money and lose your friends and relatives.