Speak Asia COO Tarak Bajpai in police net
The move comes just two days after CID froze the online survey company’s bank accounts.
Speak Asia is being investigated for a multi-level fraud. FIRs and PILs have been filed against it. The company has maintained that it collects money only for its online magazine and that the survey is just a benefit.
Speaking to CNN-IBN, Kirit Somaiya said that three other officials of speak Asia are likely to be arrested soon.
The Singapore-based company Speak Asia, which is yet to be incorporated as a company in India, 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.
The company charges a membership fee is Rs 11,000 for a year. The members are expected to conduct online surveys for clients of the firm. Members are paid for conducting the surveys. The company said that it pays Rs 500 for every survey to its member.