Ram Niwas was picked up from Bangalore. The Crime Branch has already jailed Ram Niwas Pal, the co-mastermind of Speak Asia scam from the Bangalore flight terminal. His brother Ram Sumiran Pal was detained from Delhi five-days-ago.
Ram Niwas, an ex investment banker, was the one buying companies based abroad and making contacts to transfer cash through them. The 3rd partner Manoj Sharma is still at large. Till now 8 FIRs have actually been filed across India featuring Maharashtra, Andhra Pradesh, Madhya Pradesh, Uttar Pradesh by the Enforcement Directorate.
The involvement of others is also being verified. The Mumbai EOW has found the path of over Rs 750 crore being transferred around numerous nations like Singapore, Dubai, Italy, UK, Brazil etc.