SpeakAsia COO arrested for 1,320cr scam


MUMBAI/INDORE: In an operation that unfolded in Indore, the economics offences wing of the Mumbai police arrested the chief operating officer of SpeakAsia-a Singaporebased pyramid-marketing company-in the wee hours of Friday for allegedly perpetrating a nation-wide scam amounting to Rs 1,320 crore.

Three other senior members of the company were also arrested but not the CEO, who the police say, is hiding in Dubai .

The firm, which claims to have 12 lakh clients in India, has also been accused of transferring more than Rs 700 crore to Singapore.

Full News at

timesofindia.indiatimes.com/business/international-business/SpeakAsia-COO-arrested-for-1320cr-scam/articleshow/9416380.cms

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