Who wrote this article?

Deepak Shenoy, Capitalmind's research team.

Speak Asia COO Tarak Bajpai Arrested

29 Jul 2011Deepak Shenoy1 min read

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What is "Speak Asia COO Tarak Bajpai Arrested" about?
What category is this article in?: General
Who wrote this article?: Deepak Shenoy, Capitalmind's research team.
When was this article published?: Published 29 July 2011.
How long does this article take to read?: 1 min read
What topics does this article cover?: Speak Asia

The Enforcement Directorate (ED) on Friday took online survey company Speak Asia COO Tarak Bajpai in custody. The online survey company has been accused of Rs 2000 crore scam. Speak Asia Online (SAOL) would be inspected under section 591 of the Companies Act, which is applicable on companies incorporated outside India and has established a place of business within the country, reports said.

This looks like the next step in the end of a ponzi scheme that went into advertising big time on TV and much more. This is after their recent announcement of an inability to pay people citing that banks didn’t want their money - which is a cruel joke.