The four accused -- Rahul Shah, vice-president of speakasiaonline, Ravi Khanna, director (operations), Deepankar Kumar, general manager and web designer Sk Riyaz -- looked relaxed when they were brought to Vijayawada on Sunday from Mumbai in connection with the massive Rs. 2000 crore fraud. They were confident that the legal experts from Bengaluru would bail them out and they would be home soon. However, much to their chagrin, they found themselves in the District Jail of Vijayawada by Sunday evening.
Still, they were confident that they would seek bail and would be granted after their counsels argue on their behalf in the Third Additional Metropolitan Magistrate Court. Again much to their disappointment, they were given to CID custody for further interrogation about the clandestine operations of speakasiaonline.
The Honourable Magistrate issued orders handing them over to the CID on Wednesday. The accused are facing charges of collecting money from the gullible in the name of conducting surveys which is a money circulation scheme under the provisions of Prize Chits & Money Circulation Schemes (Banning) Act, 1978 and sending it to Singapore and other countries.
The CID would start grilling the accused continuously for five days starting Thursday.
Let us hope that they would spill beans and the other accused would also be arrested soon.