The court said by failing to file a charge sheet till date the agency was giving the impression that it was in connivance with the fraudsters.
The observations came during the anticipatory bail application (ABA) hearing of one of the Speak Asia panellists who has been named as one of the main conspirators in the investment fraud.
Justice RC Chavan observed that it was over a year since the scam was unearthed and a case registered, but, till date a charge sheet had not been filed.
"Why have you (EOW) clubbed all the cheating cases together? Each person;s investment is different from that of another person's. By clubbing all cases, the investigating agency is causing delay in filing charge sheet and trial," justice Chavan observed.