30 Jul '11, 12pm

India police 'arrest Singapore firm's officials'

India police 'arrest Singapore firm's officials'

The suspects were arrested 'in connection with a financial fraud', said joint crime police commissioner Himanshu Roy (above), according to the Times of India. -- PHOTO: AFP MUMBAI - INDIAN police have arrested two top officials of Singapore-based online survey company Speak Asia in Mumbai for allegedly duping investors of US$294 million (S$354 million), reports said on Saturday. Police identified those arrested as Tarak Bajpai, Speak Asia's chief operating officer in India, and financial manager Ravi Khanna, according to the Press Trust of India and other media. Two web technicians were also held. The suspects were arrested 'in connection with a financial fraud', said joint crime police commissioner Himanshu Roy, according to the Times of India. Mr Roy told the Press Trust of India the company had allegedly told investors they would get 54,000 rupees (S$1,471) a year in re...

Full article: http://www.straitstimes.com/BreakingNews/Singapore/Story/...

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