|Posted by ADMIN on October 26, 2012 at 12:00 AM|
MUMBAI: The city crime branch's economic offence wing (EOW) said they will be filing a voluminous charge sheet against the accused involved in the multi-crore SpeakAsia fraud case within a couple of weeks.
"We have collected a lot of evidence against the accused and identified their properties. We will be taking court's permission to attack them," said a police officer.
Self proclaimed multi-level marketing firm SpeakAsia's former Country Coordinator, Pankaj Shah, who has been sent to judicial custody till October 30 told police that he helped SpeakAsia set up its base. Police said Shah's arrest is significant since he helped set up SpeakAsia inearly 2010.
Police said that Shah, who did an M Sc in Microbiology, was attached to a reputed south Mumbai hospital as medical researcher before joining hands with the MLM companies. "He worked with the firm between January 2010 and October 2010 until he was asked to resign.
As his replacement, the company got Tarak Bajpai and posted him as COO of SpekaAsia," said a police officer. Shah was earlier questioned in connection with the Rs 500-crrore Aryarup MLM case. Shah admitted that he had helped several MLM companies to set up their base. The police are verifying if the did the job unknowingly or whether he was completely aware about the various fraud firms' modus operandi.