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online firm for duping lakhs  TNN Jul 30, 2011, 03.55am IST
HYDERABAD: CID sleuths have frozen the bank accounts of online
survey company Speak Asia, which allegedly duped about 19 lakh
people across the country including 40,000 people from the state
to the tune of Rs 33 crore by resorting to financial
irregularities.  The Singapore-based company's chief operating
officer (COO) Tarak Bajpai and five others were arrested by
Mumbai police from Indore in connection with the Rs 2,100-crore
fraud on Thursday night.  The first complaint against Speak Asia
in the state was lodged by Vijayawada-based NGO, Corporate Fraud
Watch, two months ago. CID sleuths booked cases against the
company officials under sections 4, 5, 6, of Prize Chits and
Money Circulation Scheme (Banning) Act, 1978 and other relevant
sections of the IPC. CID has also arrested two of the company's
agents M S Swamy and Srinivas Reddy.  However, the company
representatives filed multiple