Speak Asia News
MUMBAI: The Bombay high court on Wednesday permitted the economic offences wing (EOW) to carry on with its probe into the alleged cheating case entailing multi-level advertising business, SpeakAsia. A few of the backers, known as panelists, had certainly filed a request in the HC stating it was a civil row and also not a criminal case.
After the alleged fraud was written up, some associates of the All-India SpeakAsia Panelists’ Organization paid Rs 6.06 lakh to the complainant, Navneet Khosla, and also stated the circumstances could possibly not be tried on his complaint as he was paid the money.
Nonetheless, the police even recorded its reply as well as the HC asked the investigators to take suggestions from the Supreme Court on the issue. Later on, the SC gave the go-ahead to the authorities to probe the criminal circumstances against the company’s directors as well as panelists. “We have certainly started our investigation once more,” stated Rajvardhan Sinha, additional commissioner of authorities, EOW.
The firm likewise deposited $ 10 ton in a Singapore bank on the pretext of returning cash to its venture capitalists.
what is the status of ATCR ARYARUP TOURISM & CLUB RESORTS PVT.LTD. CMD Ravindra Deshmukh is still absconding more than two years now and land property & 18 bank accounts has been sealed attached to Mumbai High court. Mumbai CID office is handling this case after its transfer from EOW last year during Sept/Oct 2011 no much progress for year after year. they are delaying to file chargesheet against him. why this lenient view in this case?????????? around 2500 crores funds that company has looted from All India Public and our system cannot do anything about it????????? atleast 3-4 people from Maharashtra Beed/Latur/ Nasik and Mumbai ended their life due to no chances of getting their invested money and could not survive. how long will it take to get justice from our system and put him behind the bars????????
Hi, I think this is forgotten story. Why because EOW has got more powerfull case in SAOL.Even today I am suffering because Aryarup. I have sold my wife’s gold ornaments paid.BUT still it is pending.I really dont know what to do?