Chargesheet filed against Speak Asia CEO’s wife
Following on from the arrest of Renu Sharma late last year, Mumbai’s EOW have now filed a chargesheet against the accused.
Sharma is the wife of Speak Asia’s CEO, Manoj Kumar Sharma. Manoj Kumar purportedly died in Singapore back in 2014 however the claim was never independently verified.
Renu Sharma’s chargesheet accuses her of money laundering.
In its chargesheet, the EOW said Renu had laundered over Rs 710 crore ($104.6 million USD) through the account of the company, of which she was the signatory authority.
Renu Sharma is also the likely recipient of whatever her husband managed to steal from Speak Asia investors before he fled India.
For those unfamiliar with the scam, Speak Asia was an Indian Ponzi scheme that first surfaced in late 2010.
The EOW has arrested over 30 persons and has filed a 7,500-page chargesheet against 21 people.
Hopefully the EOW can wrap up the case in court by the end of the year, but I’m not holding my breath. Authorities in India first cracked down on Speak Asia all the way back in mid 2011.
Bonus content: Remember Ashok Saraogi, Speak Asia’s original “senior lawyer”?
He was arrested last year for real-estate fraud. How… not surprising.
Hi! It is not new that she has been arrested and then chargesheetted.
MANOJ KUMAR has been died and his name has been deleted from REDCORNER NOTICE list.
Further more under FIR 60, trial case is going on only against RENU. No other accused are under trial in FIR 60, and all others are under trial in MPID act in Bombay sessions court.
Means, charges have been switched from MONEY CIRCULATION to MPID for all except RENU MANOJ SHARMA.
It is obvious then, MANOJ KUMAR was , and now his wife is being treated under FIR 60 and MONEY LAUNDERING / CIRCULATION ACT.
One prominent lawyer is also under the court trial since more than 3 years either as conspirator or helping hand to main conspirator.
Llooking at the above facts as of now, it can be predicted court has reached to the cause root of whole scam and tightening the nail grip around the neck of main conspirator.