The Crime Branch of the Delhi Police has arrested another accused in connection with the SpeakAsia scam —Ram Niwas Pal. His brother and co-conspirator Ram Sumiran Pal has already been arrested. Both are accused of being involved in financial fraud of over Rs 2,200 crore. Niwas Pal, who was on the run ever since the scam in 2010, was arrested in Bangalore.
“Ram Niwas Pal (40), a resident of Shahjahanpur in Uttar Pradesh, is the main accused of the financial scam and was arrested from Whitefield Road in Bangalore after we got some clues about his whereabouts by interrogating of his younger brother Ram Sumiran Pal,” said Additional commissioner of Police (Crime) Ravindra Yadav. He does not have a passport because he was aware that with the help of biometric identification at passport office, his present whereabouts and actual name and address could be traced, added Yadav.
He was living there posing as Abhay Singh Chandel and donning a different look and style to conceal his identity. He is the main conspirator and planner of the SpeakAsia scam and had conceptualised the whole project — Referral Sales Distribution System — and has also created a number of companies with the help of Manoj Kumar Sharma and his younger brother Ram Sumiran Pal in order to cheat lakhs of innocent people and to earn huge amounts of money, said Yadav. Being on the run for more than 28 months, Ram Niwas Pal stayed at Delhi, lucknow and Bangalore and in order to conceal his identity, he got fake identities issued in different names and changed his appearance. He was not in contact with any of his acquaintances, including his relatives and was very sure that he would never be traced.