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The SpeakAsia Story: Timeline

Zafar Anjum | Jan. 17, 2014
The SpeakAsia Story: E-commerce Innovation or Fraud?

 

19 Dec 2013

Two years after the crime branch of Mumbai Police registered a case in the Rs 2,276 crore Speak Asia scam, police filed a charge-sheet. The charge-sheet ran into more than 5,000 pages against 13 office-bearers and franchisees and eight companies. Police sources said the charge-sheet was filed against company's COO Tarak Bajapai; Rajiv Mehrotra, director of Tulsiyat Tek; prime franchisees Deepankar Sarkar, Ashish Dandekar, Raeesh Shaikh, Rahul Shah, Sanjiv Dandona, and several others, besides SpeakAsia online, Haren Ventures Pvt Ltd, Tulsiyat Tek, Tulsient Info System, Kritanj Management and Allied Services, Seamless Outsourcing, Seven Rings Education and Seven Rings International.

 

26 Dec 2013

The economic offences wing (EOW) of the city police said they had arrested SpeakAsia promoter Ram Sumiran Pal (36) in another ponzi scam, Admatrix. The EOW had already arrested him earlier for his role in the SpeakAsia scheme that defrauded lakhs of people of their investments.

 

 

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