Tuesday, 13 September 2011

Speakasia accused in judicial custody

The Magistrate of Railway Court, the incharge court for Sunday duty, has sent the four accused in the speakasiaonline fraud to the judicial remand upto September 23.
CID DSP Mr YV Ramana Kumar said that the CID filed the petition for the custody of the accused for interrogation and to take forward the investigation. He said that the CID need to obtain information regarding the  over Rs. 2000 crore (Rs. 20 billion) fraud and yet to learn to more about the key persons responsible behind this massive fraud.
The senior police officer said that the speakasiaonline has collected several thousands of crores of rupees from the public with the inducement that they would get Rs. 52,000 in one year if they pay Rs. 11,000 as membership fee.
Corporate Frauds Watch President MR Ch Divakar Babu said that there are several multilevel marketing companies which have been cheating the gullible in the name of easy and quick money. 

No comments: