Cops line up to take custody of SpeakAsia accused

MUMBAI: Soon after the five men arrested in the multi-crore SpeakAsia fraud were granted bail and released from the Arthur Road jail, a police team from Mira Road took them into custody. Now, police teams from across the country, including those from Pune, Delhi, Rajasthan, Haryana, Madhya Pradesh and Goa, have queued up to take them into custody for the fraud.

The five members of the Singapore-based company were first arrested by the Mumbai EOW. They are SpeakAsia COO (India head) Tarak Bajpai (36), Rajeev Mehrotra, technical head for the portal, Shaikh Rais Latif (32), assistant for daily portal operations and in-charge of regular pop-ups, Ravi Janakraj Khanna (44), finance accountant and Deepankar Sarkar- an active promoter from Raipur. The company is believed to have duped investors of Rs 14,000 crore. It had 150 franchises across the country and 18 in Maharashtra. "At the time of the arrest of SpeakAsia officials in the last week of July, the company had over 20 lakh investors in the country. A red corner notice is likely to be issued against its senior officials soon," said a Mumbai police officer.

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