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Economic Offences Wing, which is probing the Rs 2,200 crore scam, suspect a movie starring YADAV was partly financed by Two absconding Speak Asia Officials...

Posted by ADMIN on October 18, 2012 at 1:30 PM

 

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Bollywood actor Rajpal Yadav was summoned by the Mumbai police’s Economic Offences Wing (EOW) in connection with the Speak Asia scam on Monday. For nearly an hour, investigators quizzed him about a small-budget film featuring him, Jeeyo Raja Phantom, which they suspect was partly financed by two brothers wanted in the Rs 2,200-crore scam.

Absconding Speak Asia official Ram Niwas Pal and his brother, Ram Sumrin Pal, allegedly invested Rs 2.5 crore of the scam money in the movie, which is awaiting release.

Sources in the EOW said that Ram NiwasPalknewYadavbeforethefilm was made, and the actor was questioned to ascertain how the former channelled the money to the producers.

They added that the agency wouldnottrytostallthereleaseofthe film, but it had asked the producers not to recover their share once it hit the theatres. “We have told the producers not to withdraw the earnings generatedfromthefilmasthemoney is part of the scam,” the sources said.

For more than 18 months now, the EOW has been probing the scam, which involved a fraudulent marketing scheme. Some of the top bosses of SpeakAsiaareabsconding,including Ram Niwas Pal and his brother.

Yadav, known mostly for his comic roles, was summoned to the EOW’s office at the police commissioner’s chambers. Additional Police Commissioner (EOW) Rajvardhan confirmed that investigators had questioned the actor and recorded his statement.

When Mumbai Mirror contacted Yadav, he tried to play down the issue. “I play a role in the film, but I have not collected my fees yet. The EOW needed some clarifications, which I have given. The matter has beensortedout,”hesaid.Healsoconfirmed that investigators had asked theproducersnottoexpendthescam money invested in the movie.

Ram Niwas Pal is one of the key functionaries of Speak Asia, a multilevel investment scheme which allegedly cheated lakhs of investors.

A former IAF airman, he was last seeninMumbaiayearagowhencops arrested Speak Asia top boss Tarak Bajpayi. He is believed to have fled the city that day itself. His Mercedes SUV has been impounded by the EOW.

   


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