Updated On: 10 January, 2013 07:28 AM IST | | Karishni Khanna
The Bombay High Court yesterday criticised the city police for their failure to file a charge sheet even after a year regarding the probe into the Ponzi scheme launched by controversial online entity SpeakAsia Association.
Special Public Prosecutor Pradip Gharat alleged that Rs 2,600 crore from 20 lakh investors were misappropriated by the Singapore-based online company.
Justice R C Chavan disapproved of the police’s ways and said, “By clubbing all the cheating cases and by flooding the chargesheet to such an extent that the trial will never see the light of day, the investigating agency is giving an impression that it is in connivance with the fraudsters in duping the common man.”