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Monday, June 27, 2011

2 Speak Asia Franchisees Arrested - The Hindu News


The latest new about speak Asia in India is that the 2 Speak Asia Franchisees were arrested by CID in Andhra Pradesh Vijayawada. According to the Hindu newspaper the CID police officials conducted surprise checks on the houses of franchisees of one online company Speak Asia in city and arrested two persons for allegedly indulging in illegal activities without having registration under the Companies Act 1956. Subscribe to Syconet World by Email.

They have taken this action against the complain of Hyderabad-based Corporate Fraud Watch and arrested D. Srinivas Reddy and L.V.A. Swamy and seized there laptops, desktops, bank pass books etc. Recently Speak Asia has conducted many seminar in different cities and it may again effect there reputation which they are trying to make again.

CID SP Mahendra Kumar Rathod appealed to the public not to believe in deceitful promises being made by such companies. If you have any view about this news you are welcome to post it through your comments.



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