Wednesday, July 3, 2013

Russian, Indian wife held in Ponzi scam


Mateen Hafeez TNN

Mumbai: The economic offences wing (EOW), probing the multi-crore fraud involving a private firm, Mavrodi Mondial Moneybox India (MMM India), on Tuesday arrested a Russian, Michael Gulakhev (25), and his Indian
wife, Jennifer Menezes, from Goa for their alleged role in the nationwide scam.   “The couple was handling the firm’s publicity and coordination via the internet. We have picked them up from Goa and they will be brought to Mumbai by Tuesday
night,” said a police officer. 

    Gulakhev, who got married to Menezes sometime ago, has been working for MMM India as a translator. “He had organized training and motivational camps for investors. When any Russian delivered an investment lecture, Gulakhev would translate it into English and later in Hindi,” said the police. 

    The EOW has so far frozen more than 20 bank accounts belonging to suspects in the case.
    “We are probing to see if money was sent outside the country,” said a police source. The arrested couple will be produced before the Esplanade court on Friday.
The Times of India, July 3, 2013

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