The Economic Offenses Wing of Mumbai pilice on Friday took into custody the COO of Speak Asia.
The online survey company COO Tarak Bajpai was detained in connection with a Rs 2000 crore scam.
ED will inspect Speak Asia Online (SAOL) under section 591 of the Companies Act, 'which is applicable on
companies incorporated outside India and has established a place of business within'.
The move hit Speak Asia just two days after CID froze the its bank accounts.
Sleuths are investigating Speak Asia for multi-level fraud. FIRs and PILs have been filed against it.
However, the company has claimed that it collects money only for its online magazine and that the survey is just a benefit.
"Thre other officials of speak Asia are likely to be arrested soon," officials said.