God of Mistakes...
Denied bail, SpeakAsia COO flees
MUMBAI: Tarak Bajpai, chief operating officer of SpeakAsia who was denied anticipatory bail by a Hyderabad court recently, has disappeared.
Bajpai (36), who was admitted to Thane's Jupiter Hospital for a surgery, fled from Hyderabad where he had gone in connection with the court hearing, said the police.
SpeakAsia, floated in 2010, duped many investors to the tune of Rs 2,276 crore by posing as a survey company. If an investor invested Rs 11,000, he would be given a personal account number of the company's now defunct website and a password. Each investor was promised Rs 52,000 if he/she completed 100 surveys in a year. The police said SpeakAsia had transferred Rs 1,000 crore from India to Singapore.
"Bajpai along with the other accused was arrested by the Thane police in connection with a case registered there. He then complained of health problems and was admitted to Jupiter Hospital where he was operated. Andhra Pradesh police had taken the remaining accused to Hyderabad when Bajpai was in the hospital," said an officer.
After he was discharged from the hospital, Bajpai moved Hyderabad court seeking anticipatory bail. The court denied him bail. "He then disappeared and we don't know where he is now," said an officer.
"We have found more than 175 accounts in various banks. Two cars seized from Bajpai are valued at Rs 1.30 crore. We are looking for the company's properties and will attach them with court permission," said an officer, adding that the firm's international chief, Harinder Kaur, was on the run, too.
Source - Denied bail, SpeakAsia COO flees - The Times of India