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.