Justice Raja Elango of Andhra Pradesh High Court on Tuesday delivered the judgement which could herald a new path against the multilevel marketing, dismissing the writ petition filed by speakasiaonline appealing to stall investigation into its business model. Justice Raja Elango dismissed the writ petition and vacated the stay order issued by the High Court which restrained the arrest of the employees of speakasiaonline.
Now the CID police of Andhra Pradesh could go ahead with the arrest of the all the culprits responsible for the massive fraud involving about 20 billion rupees. So far, the police could freeze the assets worth about 5 billion rupees.
It appears the Andhra Pradesh High Court has taken into consideration the affidavit filed by Corporate Frauds Watch. However, the full judgement which would come out in a couple of days would reveal it all.
It could be safely said that it is a victory of Corporate Frauds Watch as its counsel Mr Mastan Vali was not even given an opportunity to present the argument. Whatever was presented in the affidavit submitted to the High Court as Respondent No.2, was more than sufficient for the High Court to arrive at the conclusion, it appears.
Ms Harender Kaur who went into hiding after the CID launched investigation may not appear in public in near future. And the gullible people who blindly believed their friends and relatives to the offer of 'good business opportunity', stand to lose their hard-earned money.
The case should become an eye-opener to the people all over world not to fall prey to the lure of easy and quick money.