Mumbai: The city Economic Offences Wing (EOW), probing the multi-thousand crore Speak-Asia cheating case, has taken into custody three accused in a fresh case involving, Seven Rings International. They were arrested in November after being on the run for two years.
The arrested are SpeakAsia promoter Ram Sumiran Pal, his brother Ram Niwas and cousin Satish. “We are interrogating them,” said an officer when asked about their roles in the new case. They cheated several people for over Rs 1 crore in the Seven Rings case. Satish (36) played a major role in Seven Rings. He told the cops he came in contact with the Pals when he shifted to Mumbai in 2007 and joined their company, Seven Rings International. In 2011, when the scam was wrapped up, he escaped to Malaysia and settled down there with his family with his share of the scam money, the police said.
The Times of India, January 15, 2014