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Finally after two years the crime branch of Mumbai Police registered a case in the Rs 2,276 crore Speak Asia scam, police yesterday filed a charge-sheet. “We have filed a charge-sheet running into more than 5,000 pages against 13 office-bearers and franchisees and eight companies,” said a police officer. Speak Asia promoters started an online […]
Empower Network is an online MLM, which is conning people by selling online marketing products by promising high commissions for a monthly fee Is there another ‘Speak Asia’ in the offing? Empower Network is luring thousands of people across the world under the pretext of selling online blogging platform and ‘the secret formula’ to get […]
One more Indian CEO makes it big in the international arena. Asha Gupta, presently Managing Director, Tupperware India and Area Vice President, Tupperware Brands – Asia Pacific has been appointed as Group President, Asia Pacific with effect from January 1, 2014. She will now be responsible for driving the growth and expansion of the entire […]
The shares of Herbalife Ltd rose up to 7% on Friday. This has come as a surprise in spite of current attacks from its activist investors Bill Ackman about the nutrition firm being a pyramid scam. A pyramid scam is defined as a scam wherein the company or members of the company promise its investors […]
Mumbai: Have a glance of these three fraud cases registered with economic offence wing (EOW): MMM India: Rs. 2,000 crores SpeakAsia fraud: Rs. 2,276 crores NSEL: Rs. 5,600 crores Total pending cases with EOW involves Rs. 12,395 crores, and due to shortage of manpower these cases are struck in court proceedings. For its 11 units […]
“Uncovered All Aspects Of SpeakAsia Case” Speaking about the SpeakAsia scam, Rajvardhan Sinha, Additional Commissioner – EOW, Mumbai Police, says, “We are confident of recovering overseas funds in the case.” Watch as he also talks about EOW’s QNET investigation. “QNET masterminds change names after each investigation,” he tells Bloomberg TV India.
The Delhi Crime Branch Economic Offence Wing has apprehended one more primary accused in the Speak Asia rip-off. 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 […]
Two primary accused in the SpeakAsia fraud, Ram Sumiran Pal and his relative Satish Pal, were on Friday presented to the metropolitan magistrate’s court and remanded in police custody till December 3, 2013. The two were arrested by the special team of Delhi police and later on handed to the Economic Offences Wing (EOW) of the […]
Noida (UP): Goods estimated to be worth crores of rupees were destroyed in a major fire at the main warehouses of a oriflame India pvt ltd in Bisrakh Industrial area of Greater Noida. Ten fire fighters were sent there immediately,It almost took around five hours to bring the situation under control a fire official told. No injured was reported in […]
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 […]
