Honourable Metropolitan Sessions Judge R Murali rejected the anticipatory bail petition filed by the speakasianoline Chief Operating Officer, Mr Tarak Bajpai, Director Mr Rajiv Malhotra, and three others Mr Charan Kumar, Mr Prem Kumar and Mr Mohiuddin after they filed the petitions in order to avoid the imminent arrest by the AP CID, according to investigating officer of CID, Mr Sarath.
Mr Sarath told Corporate Frauds Watch that all the accused presented the petition seeking anticipatory bail in the court of the Metropolitan Session Judge, Vijayawada. Now all the accused submitted their petitions for anticipatory bail in the Andhra Pradesh High Court to avoid arrest by the CID of AP.
The CID is likely to oppose the anticipatory bail petition in the High Court.
Meanwhile the Investigating Team of the CID are ready to go to Mumbai once again to get the accused into custody. The officials say that they have to extract a lot of information regarding the fraud which involved more than Rs. 2000 crore (Rs. 20 billion)
It may be recalled the Chief Executive Officer of speakasiaonline Ms Harender Kaur and another CEO Mr Manoj Kumar has gone underground after the scandal broke out. The whereabouts of both the main accused is still not known. It is said that they are hiding either in Singapore or Dubai.
3 comments:
These culprits should be punished.
I hope Andhra High Court does not give them anticipatory bail.
Regards,
Abby
I found this link http://www.strategyindia.com/blog/
There are 3 videos of a program called "Expose" which is telecast on UTV Bloomberg.
Here in the 3rd part sting operation, the agent frankly admits that Haren Kaur and Manoj are infact dummy CEO/Directors. The actual person behind all this earned cool 1000 Crore and is living all the time in Mumbai itself...
FYI, SpeakAsia CEO Manoj Kumar spotted in Brazil running something identical to the failed AdMatrix plot, along with "Seven Rings International" members (who are also involved in SpeakAsia scam)
http://behindmlm.com/companies/speak-asia-online/speak-asia-ceo-manoj-kumar-investing-in-brazil
With arrest of Melvin Crasto, head of AISPA earlier, news spread that EOW is holding him for one more week, and word is out (unconfirmed) that EOW is looking for the SpeakAsia "acting COO".
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