MLM News

NetworkingEye.com: MLM News, MLM News in Hindi, MLM business, MLM Companies, Scam Companies

  • Home
  • हिन्दी MLM News
  • Scam Companies
  • Guest Post
  • Submit An Article
  • Submit Press Release
  • Advertise
  • Contact
SpeakAsia Ram Sumiran Pal Arrested by Mumbai Police

SpeakAsia: Ram Sumiran Pal Arrested by Mumbai Police

By Ak Sharma | Published on 26/11/2013

Rate this News

One more high-profile arrest happened in relation to Speak Asia case. Ram Sumiran Pal got arrested by Mumbai police, he was a part of the SpeakAsia administration team.

Till now 8 FIRs have actually been registered throughout India including Maharashtra, Andhra Pradesh, Madhya Pradesh, Uttar Pradesh by the Enforcement Directorate. Soon more arrest are likely to happen.

SpeakAsia has allegedly duped nearly 24 lakh investors of over Rs 2,200 crore.

Till date the Mumbai Economic Offences Wing (EOW)  froze more than 210 savings account having over Rs 142 crore and another 150 bank accounts are under probe.

The Mumbai EOW has actually found trail of over Rs 750 crore being transferred around numerous nations like Singapore, Dubai, Italy, UK, Brazil and so on. The ED has actually located a trail of concerning Rs 900 crore to various other countries.

Ram Sumiran Pal is among the leading three wanted in Speak Asia fraud. Various other 2 major implicated are Ram Niwas Pal, his elder brother and Manoj Sharma.

Teams have been sent out to Shahjahanpur in UP and Karnataka for likely hide of Ram Niwas Pal. Manoj is believed to be in Singapore. The lawsuit and writs associated with SpeakAsia fraudulence have actually been filed in the Supreme Court and the Bombay High Court. The Mumbai Police has actually called the arrest as a valued catch.

Ram Sumiran Pal went to Malaysia twice while on the run. As he was afraid of apprehension at the airport, he took a land route to Kathmandu in Nepal. He took an air travel from Kathmandu to Malaysia on both times and the same route while returning home.

Ram Sumiran Pal got caught when he was going to Delhi to sell one of his properties.

  • Tweet
  • WhatsApp
  • More
  • Email
  • Print
  • Telegram

Related

Filed Under: MLM News, Speak Asia

SUBSCRIBE TO Networking Eye - MLM News

Sign up for our newsletter and receive news, updates, and the latest alerts.

Leave a ReplyCancel reply

LATEST NEWS

  • Elfin E-com’s Absconding Executive, Involved in Multi-Crore Fraud, Apprehended
  • QZ Asset Management Executes Full Exit Scam; Website Unreachable
  • IIT Kanpur Student and 5 Others Arrested in Thane for Cryptocurrency Fraud
  • Enforcement Directorate freezes 36 bank accounts with over Rs 90 crore in inspections at direct selling firms Qnet in Mumbai, Bengaluru, and Chennai
  • Top 5 Fastest Growing MLM Companies in India 2023: Vestige, Amway, Herbalife, Forever Living, and Modicare

TRENDING TODAY

  • Top 5 Fastest Growing MLM Companies in India 2023: Vestige, Amway, Herbalife, Forever Living, and Modicare
    Top 5 Fastest Growing MLM Companies in India 2023: Vestige, Amway, Herbalife, Forever Living, and Modicare
  • SCAM Companies New Updated list
    SCAM Companies New Updated list
  • MLM Scams in India: How to Spot and Avoid Them
    MLM Scams in India: How to Spot and Avoid Them
  • Gautam Bali: The Successful CEO Behind Vestige Marketing Private Limited's Growth
    Gautam Bali: The Successful CEO Behind Vestige Marketing Private Limited's Growth
  • 33 Chit Fund companies sealed at Gwalior - Madhya Pradesh(M.P)
    33 Chit Fund companies sealed at Gwalior - Madhya Pradesh(M.P)
  • The Indian Direct Selling Association - IDSA
    The Indian Direct Selling Association - IDSA
  • Elfin E-com's Absconding Executive, Involved in Multi-Crore Fraud, Apprehended
    Elfin E-com's Absconding Executive, Involved in Multi-Crore Fraud, Apprehended
  • Three Shreesurya representatives apprehends by Economic Offences Wing
    Three Shreesurya representatives apprehends by Economic Offences Wing
  • Modicare, Amway, DXN and K-Link are cutting down their operations in Kerala
    Modicare, Amway, DXN and K-Link are cutting down their operations in Kerala
  • All You need To Know About Vestige
    All You need To Know About Vestige

COMMENTS

  • QZ Asset Management Executes Full Exit Scam; Website Unreachable » MLM News on Beware of these MLM companies
  • Rajan Menon on CID taking Interpol help on Speak Asia Alleged Scam
  • Top 5 Fastest Growing MLM Companies in India 2023: Vestige, Amway, Herbalife, Forever Living, and Modicare » MLM News on John Oliver calls MLM industry a ‘pyramid scheme’
  • Top Direct Selling Companies » MLM News on Ponzi Schemes Vs direct selling companies
  • Decriminalization of MLM: its Importance and Issues » MLM News on Indian government to soon issue the guidelines for Direct Selling Industry

Copyright © 2014–2023 · NetworkingEye.com

About Us · Privacy Policy · Cocky Policy · Terms & Conditions