VIJAYAWADA: The CID which arrested four persons in Mumbai on Friday for their alleged involvement in the Speak Asia online fraud, produced them before RV Sharma, second metropolitan magistrate of railway court, here on Sunday.The magistrate remanded the quartet till September 23.Later, they were sent to the district jail.The arrested included Ravi Khanna, director of Seamless Outsourcing, Sheikh Rayees, a technical officer who was dealing with Speak Asia website, Dipankar, distributor-cumfranchisee of the firm Kritanj Management and Allied Services, Raipur, and Rahul Shah, vice-president of Tulsiyat Technologies Limited.The quartet were brought to Vijayawada from Mumbai on a transit warrant.A case was registered against the four accused under Sections 120 B and 420 of IPC and Section 4, 5 and 6 of the Prize Chits and Money Circulation Scheme (Banning) Act, 1978.CID DSP YV Ramanakumar said a case was registered in Hyderabad on June 21 against the Singapore- based firm for cheating subscribers in the name of a Multi-Level Marketing (MLM) scheme.Later, the case was transferred to Vijayawada.After the transfer of the case, the CID arrested two local franchisees on June 25.The bank accounts of the accused to the tune of Rs. 700 crore were frozen, the DSP said.
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