EOW’s Speak Asia investigation updates, Dec 2012
For much of December we’ve been wondering what India’s EOW have been up to and how their criminal investigation into Speak Asia has been progressing.
As it stands now the last we’d heard was that they’d arrested AISPA President Melvin Crasto and Speak Asia’s acting COO, Ashish Dandekar, and were holding them in custody, suspecting the pair of being Speak Asia officials and not just the lackeys they claimed to be.
Then, yesterday afternoon the following news began to circulate amongst panelists via Facebook:
Kalyan Waskel: FRIENDS… I GOT SOME NEWS WITH RELIABLE SOURCES… TOMMAROW ON 26TH DECEMBER WE CAN GET SOME SURPRISE NEWS.. SO.. JUST WAIT….
Harsh Vora: It is learned from reliable the source that this year SANTACLOSE will distribute the special chocolete named “EoW ” on monday , 26-12-2011.
Now personally I have no idea what the ‘special chocolate named EOW’ Senior Panelist Harsh Vora was referring to is, but as promised – this morning the Times of India put out a much anticipated update on the status of the EOW’s criminal investigation into Speak Asia.
An article that probably reveals more about these senior panelist cheerleaders and their activities then they’re comfortable with.
The Times of India kicks off with the revelation from the EOW that
office bearers of alleged fraud firm SpeakAsia had invested around Rs 100 crore in commercial galas at prominent shopping malls in the city, flats in posh buildings and cars.
This was revealed during the probe on the firm across several nations.
No doubt explaining the continued hiding of Speak Asia’s CEO’s Manoj Sharma Kumar and Harendar Kaur overseas and the local disappearance of Tarak Bajpai, the EOW continue:
the properties were bought over the past one year. “We have identified the properties in over a dozen buildings and shopping malls. In some buildings, the flats cost over Rs 12-13 crore.
The accused also used the money to buy costly vehicles. Two Mercedes cars have been seized and we are planning to seize more,” the officer said.
One would remember that back in October the EOW ‘seized two Mercedes belonging to the firm’s Indian chief and panelist, Manoj Kumar Sharma‘, but who the other two Mercedes belongs to remains a mystery (Ashish Dandekar? Ashok Bahirwani?).
Whilst their investigation continues, the EOW state that at this point
they don’t want to disclose the properties at this stage. “We are securing these properties.
Once the process is completed, we will request the court to attach them,” the officer added.
What I believe is being referred to there is official charges against Speak Asia and it’s local Indian management, widely believed to have implanted themselves amongst the Speak Asia memberbase and masquerading as regular panelists.
The EOW note
that some of the accused still pretend to be victims and had even filed writ petitions in the Bombay High Court and Supreme Court stating that their business was completely legal.
Currently AISPA’s President Melvin Crasto, Solomon James (and 115 unnamed panelists) and AISPA’s Secretary Ashok Bahirwani (alleged by his daughter, Anju Argarwal), are all signed petitioners on various writs against Speak Asia.
In what capacity (if any) these panelists officially work for Speak Asia (along with acting COO accused Ashish Dandekar), currently remains unknown – however definitely appears to be one focus of the EOW’s investigation.
Meanwhile Rajvardhan Sinha, additional police commissioner for the EOW confirms that Speak Asia’s
chief operating officer (COO), Tarak Bajpai, managed to jump bail and has disappeared. Bajpai is still at large.
A fact that many Senior Panelists continue to deny.
Additionally, Investigating Officer Shelke added that
a red corner notice had been issued against Manoj Kumar Sharma, the Indian chief of the firm.
“We received information that Sharma had transferred huge sums of money from India to the United Bank of Singapore, and from there to Latin America.
Currently a public red corner notice for Speak Asia’s CEO Manoj Kumar does not appear on the CBI website, however the CBI note
CBI conducts investigations in the most professional manner. It lays great emphasis in use of science and technology during investigations. It requires evaluation of evidence by Forensic Laboratories and other experts such as Government Examiners of Questioned Documents (GEQDs). This often takes time.
Many cases of CBI often require investigation abroad. Collection of evidence in a foreign country depends on many external factors beyond the control of CBI. A letter of request is issued to the concerned country and collection of evidence is requested by the law enforcement agencies of that country. This adds to the delay.
In addition to above, there is multi-layer supervision in CBI. The evidence collected is analyzed threadbare both by executive officers and law officers at multiple levels. Because of all these factors, CBI investigations often take time.
Having said this, it is important to clarify that investigation of trap cases are generally finished within a period of one month to three months.
Of late a great emphasis is being laid in CBI to complete investigations at the earliest. It has been decided that investigation shall be completed within a period of one year.
As frustrating as it may be, the EOW have previously stated that Speak Asia is the largest MLM fraud they have ever investigated. Thus, in addition to having to track money laundering activities across the globe, with legal action being launched by Speak Asia officials posing as panelists to stop investigations into the company, and even Speak Asia themselves attempting to prohibit the CID from investigating them in the Supreme Court – delays appear inevitable.
One would think if Speak Asia’s management and business model were legitimate, it would simply be a matter of turning up to court and proving it.
Instead, management remain in hiding and on the run from authorities.
Yesterday, Speak Asia Senior Panelist Sanjeev Khanna posed the following question on BehindMLM;
If you are unbiased then please let us know what are the other ways to recover our money.
My advice? The money is gone and no amount of petitions is going to bring it back from Brazil.
Led by the false promises of Speak Asia officials still being paid by the company, panelists (some Senior Panelists included), attach themselves to legal action launched against the authorities to stop them investigating the company.
Having progressed beyond establishing whether or not Speak Asia is a scam, these investigations are now focusing on the recovery of money after Speak Asia’s global money laundering efforts.
Under the guise of promises of a restart of business operations, officials posing as Senior Panelists lead this legal action in the hope to either effectively shut down, or delay these investigations.
Investigations whose sole focus now is the recovery of assets and funds misappropriated and then laundered by Speak Asia.
Why do you think the EOW are chasing this money? It’s not to line their own pockets, it’s to establish exactly who is involved in Speak Asia and in what capacity, and after criminal charges have been filed in court hopefully leave something to be distributed amongst those that invested in the company.
But instead of understanding this, in order to push their own financial agendas, Speak Asia’s Senior Panelists continue to allow the propagation of messages like this via their Facebook groups:
Harsh Vora: Good afternoon friends , yesterday media again on same negative track for SAOL one by one , first mumbai mirror publish negative news that SAOL duped various crores and now in BRAZIL , and all bullshit on basis of BEHIND MLM.
Madfull Talk: I believe we all Speak Asians are Now totally immune to these Barking Dogs (Media)… SAOL will teach them A BIG BIG lesson when It restarts Itself Up.
They Are Now actually AFRAID of Speak Asia !!
The delusion is almost painfully unbearable.
Time to wake up guys and smell the lies. Instead of uniting against the authorities trying to recover what they can and hold those responsible accountable, how about you unite to demand company management return to India to face the charges leveled against them.
If your uplines tell you to wait, tell them it’s not good enough. Each day management hide from the EOW and relevant authorities they slip further away and more panelist money is invested into properties, luxury cars and who knows what else Seven Rings and Podium International executives are treating themselves to.
If you want to recover your money march into the local police station and tell them everything you know. Continuing to ignore the EOW’s investigation and it’s focus is not going to get you anywhere and in doing so you might as well be signing a permission slip for Kumar, Kaur and the rest of Speak Asia management to rob you blind.
Footnote: It is appreciated that the Senior Panelists the EOW are talking about will simply dismiss and encourage others to dismiss the above based on nothing more than ‘it’s lies by some unnamed conspiracy theory against Speak Asia by aliens’, but note that the December 26th TOI article referenced was authored by none other than Mateen Hafeez.
Speak Asia, through their lawyers Phoenix Legal, claim they sent a cease and desist to the TOI back in October, complaining about Hafeez’s prior articles.
Speak Asia claim that Hafeez
falsely reported certain news items about our company and its COO, we urge all of you to kindly not pay attention to such false and misleading reports.
False and misleading? It would appear that Speak Asia’s toothless cease and desist was, as suspected, prompty trashed and ignored by the TOI – who instead continue to publish factual updates straight from the EOW themselves.
AISPA Secretary Ashok Bahirwani’s daughter, Anju Argarwal even went so far as to claim that
mateen hafiz wrote one article immediately after the cease and desist notice.this was probably because the letter reached the desk and attention of senior management a little late and before they had their requisite meeting amongst themselves ,and decided to take mateen’s pen away from him ,his last article was already published.since then silence.
It has since come to my attention that Hafeez got married and time off work accounted for the lack of coverage from himself and the TOI.
Wishing Hafeez well in his marriage, I look forward to continued coverage of the EOW’s investigation.
I still can’t believe that some panelists think that all will become normal, that SAO will resume their business. It seems, that they have locked their brains…..not willing to believe that the opposite has happened and that their/our money is gone.
Time to move on!
Off Topic: Is Anju really the daughter of Ashok Bahirwani?
@S Dhar
She’s said in the past she’s the daughter of ‘someone’ (not wanting to reveal the conflict of interest she has in contributing to discussion here objectively), and publicly uses the same phone numbers/address as Ashok Bahirwani.
They both work for AISPA in an official capacity too and are (allegedly) panelists.
@S Dhar — It is established that Ashok Bahirwani has 2 daughters, and one of them is named Anju. When confronted, thus far Anju Agrawaal had not deny the allegations. It also explains her claims that she knows a lot of insider details.
Every day this drags on is another day Phoenix Legal charges more lawyer fees for their services, and as Anju have remarked, those attorneys don’t work cheap.
Well Bahirwani always has his diamond selling business, Manoj Kumar his Brazilian AdMatrix Mister Colibri scam and Harendar Kaur her hundred million she ran away with to fall back on. Y’know, if things don’t work out and the EOW succesfully seize all the properties and cars bought with panelists money…
I wonder if everyone else in Speak Asia has a backup plan?
don’t worry soapbox everybody else will join some other ponzi scheme .care to suggest an easy one?
or maybe they can join collibri or just start selling bahirwanis diamonds [that’s a GREAT idea!].
whyever do YOU worry?
everyday this drags on is another day behind mlm popularity goes up.
lucky you. stop complaining .
Running a good company and a scam is entirely different thing. All speakasia management are good scam operator. Now the people who are shouting to restart this scam are those who either are deeply involved in it or brain washed.
So one important fact any reader should consider is “Speakasia’s business model was inapplicable in real world business and it was written before all these facts came out”. It is not necessary that it should be declared as scam by govt., you can find this on your own by doing some research and following good advise.
EOW’s Speak Asia investigation updates
Dec 2012???????
Wow oz continue………
wanting to reveal the conflict of interest she has in contributing to discussion here objectively-soapbox
this is not a court of law that there is a conflict of interest when two people who either know each other or are related share a common point of view.
there are large groups of speakasians who belong to the same social groups or neighbourhoods or even families.all of us minus 100 [approx] share the same view.
if we are not being objective by supporting saol with all our might, then neither are you being objective by taking the extreme opposite view.
don’t try to paint yourself with a fairer brush ,we are the majority and you are just a few shrill voices with dubious intent to boot.
Your related to Ashok Bahirwani, who I believe is currently wanted by the EOW for questioning?
That’s a bit more than a social group or neighbourhood.
Bahirwani (not that he is) could be running Speak Asia and due to him being your father he’d still be innocent. That’s your conflict of interest and what prevents you from discussing Speak Asia with any logic.
Enough with the we this and we that, you are related to Ashok Bahirwani, not 1.2 million Speak Asia members.
And anyway, it’s not us vs them, me vs. you or panelists vs. it’s Speak Asia vs. the law. And judging by the EOW’s update on their investigation, Speak Asia are going to lose miserably. That’s on the criminal charges front mind you, which the EOW are a party to.
The Supreme court action, as we’ve previously discussed is largely just a waste of time until the EOW finish up.
The sad thing is that unless the EOW can recover the money Seven Rings are pumping into Brazil, and who knows whatelse, Speak Asia’s management – not the panelists still win financially even if they lose legally.
One would remember that back in October the EOW ‘seized two Mercedes belonging to the firm’s Indian chief and panelist, Manoj Kumar Sharma‘-soapbox
um ,they’re still talking about those same two cars of october unfortunately.it’s called news recycling.
since you mention ashok bahirwanis car i would like to tell you a little story [i’m rather free today,poor ‘spoilt’ me].
ashok bahirwni who is the world’s worst driver has a six year old banged up car which refuses to start unless cajoled.
this is all his OWN fault actually.
one day he read in his childrens schoolbooks that the physical and chemical processes which lead to the formation of petroleum and diamonds are essentially the same.
to counter the rising and rising costs of petrol he started putting diamonds into his gas tank[between 4-10 million worth].
this plan backfired.
his car has since then been venting it’s ire and refuses to start without giving him a shudder and a shake first
This was revealed during the probe on the firm across several nations.-soapbox
why did the eow have to probe the firm across several nations to find properties in mumbai? engaging in free round the world trips are they ?
what is that crock about the cbi?
the cbi is not investigating saol.
mumbai eow is.
what does that free lesson about cbi have to do with this matter .that is a different political dispute altogether.
you pick up dialogues from powers page and use them to to substantiate your tales?do you understand their context ?who told you vora is a ‘senior’ panelist? do you know his joining date or were you just farting?
sanjeev and i are a miniscule minority when you see the enormous numbers of speakasians on different pages and in different languages supporting saol.we are not the leaders, we are the followers.we know english -thats all.but hey, thanks for the attention.
in the rest of your rant you come across as a paid PR guy of the eow.yes yes, indians will go to the eow because ‘unknown’ soapbox is begging them to [how much do YOU make per complaint].
so if halfbaked hafiz [ i notice he’s using the word ‘alleged’ now]continues to write about saol it’s doomsday for us?
ha ha ha .
it still doesn’t cease to amaze me the dexterity with which you take one truth and a cup full of half lies and top it off with a bucket load of shit and serve it up and actually think anybody is falling for it.
actually we’re laughing.
This was revealed during the probe on the firm across several nations.
@anju
Popularity tends to be very temporarily for most people, so I don’t think Oz is too focused on that. Popularity also creates a lot of work, so often it’s better to have some time to adjust to new situations.
Most of us will probably realize that the topic “Speak Asia” eventually will grow old, and that many will loose interest. That’s why he has to focus on all the ‘ordinary’ reviews and similar stuff.
All the articles about Speak Asia are only “follow up” of a company already reviewed, but they have caught special interest by many readers and contributors. The story itself generates a lot of experience and insight into different matters, like where to find official information and how the court system works.
I believe the experience and insight will be more valuable than the popularity in the long term, if we consider this blog to be some kind of business (like I do).
By the way, the dialogue I had with you in another thread was simply to establish if it was possible to treat you in other ways than as an opponent. The method I used was meant to make a very clear difference from the ‘opponent’ role, and also to be very easy to identify as completely different, for anyone that bothers to read it.
The dialogue was also meant to let you evaluate the idea of using different roles, the idea itself rather than that particular role. It’s possible to treat you as a person rather than as an opponent in a lot of different areas, even without using exaggerated methods.
I’m not completely stucked in some specific roles here (on this blog), like being an expert on some topics or whatever. Being stucked in some specific roles usually generates a lot of work, too, and I’ll prefer to be able to select a more relaxed attitude from time to time.
so if it’s between saol and the law who are you to stand here everyday and prejudge that saol is a scam?
you got one page on the net and you want to sit on judgement on the world?
enough of this nonsense already.
Waaaah, people are observing and analysing us. As someone whose family is heavily involved in the scam, of course you don’t like people discussing it.
I’m not interfering in the criminal investigation or the Speak Asia lawsuits… your father, Solomon James and anybody else involved in those writs (read: Speak Asia management pretending to be panelists) are.
Discussing and analysis is just that and this is a blog about MLM, welcome to free speech.
Learn to read, the article mentions ‘more cars’.
…given that they never did, I’ll let you answer your own question.
EOW filed a red notice, the CBI as the Indian branch of interpol have to investigate. Do keep up.
Nah. There’s about ten of you pumping out crap on the various blogs and Speak Asia Powers. That’s about it.
Others join in the discussion but it’s the same ten or so senior panelists putting out the lies day in day out across the various sites and telling everyone to relax.
Uhuh, your family are the puppets of Speak Asia management so I must therefore be the puppet of the EOW…
Didn’t read the rest.
What is written here is backed by the investigative agency investigating Speak Asia.
What you have written is backed by whatever you father told you.
Once again, to date you have not provided an iota of evidence to back any of your claims or ficticious stories.
Meanwhile the EOW hold Speak Asia management in jail based on hard evidence.
And you didn’t answer my question, why is Bahirwani hiding from the EOW?
ashok bahirwani is wanted because he is the secretary of aispa and is functioning as the mouthpiece of the panelists .
if he resigns today ,the guy who takes his post will be wanted by the eow . this has nothing to do with ashok bahirwani the person.
was castro one of the senior most panelists . no .
is there a dearth of senior panelists in mumbai or maharashtra for the eow to pick up . no .
so rational question that follows is -why was castro picked up ?
answer -for being the president of aispa.
message- disperse yourselves and stop fighting or we’ll get you too.
SERIOUSLY bye now.
and like Tarak Bajpai, Manoj Kumar, Harendar Kaur and the rest of Speak Asia management, he is now in hiding.
That’s all that’s relevant here.
I wonder which panelist-money funded luxury accommodation Phoenix Law have put Bahirwani up in?
The EOW obviously want to question Bahirwani in regards to his actual role within Speak Asia. No doubt Crasto and perhaps Dandekar gave them some interesting information that needs to be followed up on.
But instead of assisting the police, Bahirwani is on the run, obstructing justice, unneccessarily drawing out a criminal investigation and hiding from the law.
Then he sends out his daughter to complain on the internet about why the EOW’s investigation is taking so long…
Yeah, turns out he was higher then them. That’s why he’s rotting in jail… the EOW proved it to a judge.
Given that wouldn’t stand up in court before a judge, once again you’re full of bullshit. Is this perhaps a genetic condition the Bahirwanis suffer from?
The EOW have dirt on Crasto enought to keep him in custody till they’re done with him. AISPA’s President is guilty as charged and judges have agreed by repeatedly denying him bail.
Bye.
Here you see why the romance would have been a problem for me (except for the infantil hormon stuff). I would have had to stay awake all night to get a meaningful conversation, and I would rapidly have lost the romantic mood needed (because of lack of sleep). 🙂
I haven’t evaluated other possible solutions yet, so there may still be a chance here.
Not for everybody but just for you – you will earn one survey income of speakasia; try kamtipura from mumbai
If there is no SpeakAsia scam, there’ll be other MLMs to write about. Your derail attempt (to distract from SpeakAsia) is rather amusing.
Oz’s view is backed up by facts cited from EOW by major Indian newspapers and other independently confirmed facts.
Your view, on the other hand, is based on nothing other than blind faith (probably in Ashok Bahirwani)
Not even democracy is above the law. Clearly, you believe in too much of that bull**** thinking. Besides, 1.2 million SpeakAsians is not even a drop in the bucket in population of India. Not much of a “majority”, is it?
Manoj Kumar recorded a video speaking about Colibri http://www.youtube.com/watch?v=SuKUzv6FGQY
It’s in Hindi so kinda useless.
Appears to be the usual, ‘everybody is lying except us and we can’t say anything due to judicial process’.
Funny, because the EOW haven’t launched any judicial process as of yet that directly involves Speak Asia.
His defense of Mister Colibri seems to be ‘I have no personal account in Singapore so how could I invest?’
…is Kumar unaware the whole world knows he’s in Seven Rings and Podium Ring International?
Who launders money through their personal bank accounts?! What a ridiculous defense. He also seems to distance himself from Mister Colibri, despite obviously funneling Speak Asia’s panelist money into it.
‘We just provided the software!’ he appears to claim, nevermind the fact that Seven Rings are backing it, have nothing to do with software and Manoj Kumar is an executive there lol.
With no other scams other than AdMatrix being associated with Seven Rings over the past few years, where else did the Mister Colibri money come from – other than Speak Asia’s panelists.
In short – a whole lotta bullshit made up with whatever excuses Kumar can think of that really don’t explain anything.
If Kumar was serious and what he was saying was legally verifiable and not just empty rhetoric, he’d jump on a plane to India and personally assist the police in their investigations.
Instead, he chooses to continue to hide out in locations unknown – a fugitive on the run from Indian authorities. The media and EOW are accountable for their statements, they are based in India and everyone knows how to contact them.
Who’s verifying Kumar’s statements? How do you even begin to take fugitives who hide from the authorities seriously?
A Youtube video shot who knows where uploaded by a dummy account created on December 26th is hardly the actions of someone confident in their legitimacy… this is what scammers do.
Ironically ‘manojkumar404’ is the dummy account name, 404 being HTML for ‘page not found’. With Kumar missing and in hiding – this account name seems appropriate.
Actually 404 is the HTTP error code for “page not found”. 🙂 HTML doesn’t have error codes. 🙂
HTML HTTP… bleh!
Oz., So, finally Mr. Manoj Kumar speaks again – that’s nice..
If he comes to India, immediately EOW will arrest him, right..? That’s why he is not coming because of his legal team’s advice, why you are very much worried, Oz.? Don’t worry, things are going as you expected, surely it will take more time, as you rightly said – it might take another one year to complete CBI Investigations for this case, I think now CBI will take incharge for the investigations since EOW is not finishing the case in time, it seems that EOW not getting enough co-operation from other states and other countries for this case to finish.
Otherwise they might be purposefully delaying.., in that case CBI might be better, even if its too late or delay, we can atleast get a result, right!
You have correctly said that the money is gone.. EOW will not return back even a single penny to the members of the company who had put their hardly earned money into the fraudulent schemes as you are telling?
Till this date EOW hasn’t done anything like that, i.e. they haven’t helped any individual in this country by giving back the investors amount from the money what they have recovered from many fraudulent schemes.
Oz., hope you live in abroad and being a foreigner you don’t know much about Indian politics and government officials, it is full of bribe here, it is full of political power, political influence here. Bribe is the practice, customs & ritual of this great nation.
So many companies
And..? This is a silly argument because the EOW can’t just hold Kumar – they need to prove (with evidence) he’s guilty of something, as they’ve done with Crasto and Dandekar.
And Kumar seems to have answers to everything, so what’s the problem?
Come to India, get arrested, prove your innocence in court and get on with things.
Instead, he hides overseas from the authorities… why? Because he’s guilty of running a ponzi scheme. It’s simple really, no idea why he put out a 12 minute video when all he has to do is come to India, face the EOW in court and walk away.
Much easier to just hide overseas and post YouTube videos full of crap that you don’t have to prove because you can’t.
1. the EOW have no timeframe for their investigation (although it’d progress a lot quicker if Speak Asia management weren’t all fugitives hiding overseas)
2. the CBI investigate only as far as the red corner notices being issued go. They have to seeing as they are the ones who issue the red corner notice and not the EOW (they put in an application to the CBI I believe). The CBI investigation will no doubt rely on the EOW, but is officially seperate.
The EOW have nothing to do with it, Speak Asia sent your money to Singapore and then laundered it around the world. The EOW are just trying to recover what they can.
Direct your anger at those responsible, not those trying to recover your money and hold those who stole it accountable.
Speak Asia only have a recorded income of $2000 something cr, yet they owe $30,000 – you do the math, they can’t pay – regardless of how many affadavits they file in court signed by fugitives hiding overseas from the authorities promising to do so.
Politics is irrelevant to discussing ponzi schemes.
After observing few things I found, Till this date EOW hasn’t given back the recovered money from any fraudulent company of this kind, why? (Don’t tell me giving back to the owner, is not EOW’s job or work? & also don’t tell me that it was the punishment for greedy people who wants money through fraud MLM’s).
By seeing all latest articles by you in Behind MLM and the news coming in leading newspaper it is now confirmed that your news view point has been taken or accepted by police or EOW and also they are taking your teams’ help and doing the same research as you do (have to wait & see what will be the final end result).
Don’t tell, EOW coming to know about these kind of frauds only after that company takes away the money to other countries (finished doing Money Laundering). But, it has happened so many times and there were so many cases within Indian companies itself (e.g. Stock Guru, articles came in Moneylife also). That money hasn’t gone outside India since all the promoters were Indians and many companies before being caught gives all its collected money and escapes. Even EOW also leaves them telling some other reasons or may not tell what actually happens.
Basically, many of them knows very well without bribe there is nothing in India, it is the formality here. Whenever a company comes in the market – a good network marketing company or a Ponzi or a Pyramid scheme (few may tell all network marketing companies were fraud) whatever it may be, they need to (take Or keep) give some money as bribe (to run its business activities Or run its show) to each & every agency which includes Higher Govt. officials, Political parties, Politicians, etc., and only when all the formality is getting finished – they can start running the show, otherwise they will be caught immediately. Caught in the sense those collected money will be going into the hands of Govt. officials or even Political parties or Politicians. They won’t show them correctly in govt. records and most of the money might go to their personal bank accounts or even to their personal Swiss bank accounts.
Nobody Bothers about common public or layman here. If a company does fraud and escapes the law, it is not the mistake of that company; it is the mistake of the Govt. officials who have not stopped that company at initial stage itself.
No one is having good opinion about Police officials or Govt. officials or Politicians here in India. Everybody wants bribe, everyone of them will cheat and everybody knows that all Govt. officials, public servants, politicians looting public money daily. It’s happening in this India from long time. Each & every person whoever involved in the company knows very well that Govt. officials wants publics’ money and they don’t want to return back the money. Govt. (govt. official) were the first culprit. If a Govt. Official is telling an individual to don’t do Ponzi scheme or Pyramid scheme, Govt. should not give any kind of permission to that kind of companies who runs the Ponzi scheme or Pyramid scheme. Nearly all of the Ponzi schemes were having registration from Ministry of Corporate Affairs, and enrolled in Register Of Companies, having PAN, some even having ISO certificate. What hell is this? Govt. is allowing all companies to exist, accepting all companies, when they collect the money and run the show, they were stopping it’s activities by taking all the public money and tells Good Bye to the Public. Govt. officials and the fraud company owner shares the money collected from the public.
There were more scams in this country, so many MLM companies has come and they’ve looted all money and went away. One fine example i will give here.. Recently (one year before), you would have heard about a company called Unipay2U (Unigroup of Companies). They have cheated the public and looted more money (it might be more than 10,000 Crores INR). So many complaints have been raised all over the nation. It was a single man who does this. His name was Mugunthan (Mugu) alias James. God only knows, how much money went to Govt. officials and how much money went to politicians both ruling party and opposition for not registering or filing any case against that person. Came to know that person is a partner with a malaysian politician and he also running a restaurant named Gurubhai Restaurant in Malaysia. He usually comes with some ‘Gundas’ as personal Security guards along with him as protection and he is having full support in Malaysia from politicians and local Police. He was a No. 1 Fraud Or No. 1 Cheat, no one is taking any action against him and till date there were no ‘Red Corner Notice’ issued against any kind of person who collects and run away with public money. Everybody here knows without the involvement of Govt. this fraud does not happen. Govt. officials were the first responsibility for this.
Now coming to the case of SpeakAsia, I haven’t seen any company in my life like Speak Asia fighting in India. It is very strange…! They should have quit / give up a long time before and they should have forget the amount whatever frozen in Indian bank accounts a long time back, but why still they are fighting?
Your Views on this..!
Oz: Come to India, get arrested, prove your innocence in court and get on with things.
If he comes to India, if he’s arrested who will handle the situation, it’s legal experts advice he’s telling, right..?
How he’ll prove his innocence if he come & sit in the jail, EOW has all power to arrest him wherever he stays or go, right..? Let them issue red corner notice with the help of CBI and move further. As Investigating Officer Shalke tells already they have issued ‘Red Corner Notice’, let’s wait and see..
Oz: Politics is irrelevant to discussing ponzi schemes
Politics is very much relevant in discussing Ponzi schemes, I won’t agree with you in your point. Because of the Politics, the system at its bad shape we are facing all these nonsense.
There is one http://www.ourfreephone.com.
http://voipguides.blogspot.com/2009/02/ourfreephone-review-not-free.html
http://www.bizbasket.net/2011/07/know-your-ceo-manoj-kumar-bizbasket.html
@Nithya
Because the investigation is ongoing. Recovering money laundered through multiple countries and companies is no easy task.
And then they might not even be able to recover it. Ultimately the EOW might well indeed just have to settle for being able to prove in court the money was laundered.
Recovery is always a slim chance in global ponzi schemes.
The police aren’t stupid, they need evidence to go on. What is exposed here might help them, but they’re not sitting there blindly swallowing what is written here as gospel, at least not without tangible proof (something severely lacking on the pro-ponzi scheme front, which is why nobody takes them seriously).
The police have far greater resources at their disposal to investigate matters then I ever will, look at it as confirmation of our own discussions and viewpoints put forth here, rather then the police just accepting what is written.
I myself only discovered the Mister Colibri link after being contacted by a concerned Brazillian national enquiring about AdMatrix. Prior to this I had no idea the company existed, despite Mister Colibri launching well before this contact.
As for the rest of your rant, irrelevant. Ponzi schemes are the same the world over and there is nothing unique about India which legally justifies them. They are illegal because in the long term a business model that relies on membership fees is unsustainable.
This is irrespective of the country they operate in and the political environemnt found there.
But they’re not are they. Management have fled the country so who is fighting? Lawyers paid with stolen panelist funds…
Kumar for one is an Indian national and has family here. With Speak Asia having run off with over a hundred million USD, even if they spend just a quarter of that trying to legalise ponzi schemes Seven Rings might judge that worth it.
Eventually though, if this keeps dragging out the cost of trying to legalise ponzi schemes will eat too much into Seven Rings profit line and management will pull the plug. As for dissappearing, they already have so there’s not much to do there. Pay off Phoenix Legal and then what… management are already gone.
The same people handling the current legal action Speak Asia are pursuing in court? Mind you, we don’t even know if they want to arrest him, the EOW haven’t revealed what they have on Kumar yet. It might just be for questioning (although with the arrest of Crasto and Dandekar for being involved in the scam, admittedly this is highly unlikely).
Still, the EOW need evidence to hold him and if innocent, Kumar should be able to prove his innocence infront of a judge. Dandekar and Crasto couldn’t, so they’re now in jail. Kumar can upload 12 minute Youtube videos full of vocal ‘evidence’ he doesn’t have to prove, but can’t present this in court?
Yeah, nothing suspicious about that.
Thus is the claim, but think about it for a second.
Why would lawyers advise innocent executives to flee the country and hide from police? When does this happen when people are innocent?
The only basis for hiding is that you have somenthing to hide and/or can’t or don’t want to face the evidence the police have against you because you can’t justify or defend yourself against it.
Not because you have insufficient legal representation, but because you are guilty.
This, and only this is why Manoj Kumar and the rest of Speak Asia management continue to hide overseas. As evidenced by his broken promise to return to Mumbai back in May, which he quickly broke once learning the police were launching a full investigation into Speak Asia’s activities.
Agreed, but in the meantime let’s not pretend he’s innocent. Innocent men don’t hide and upload Youtube videos from random proxy accounts.
No it isn’t. The Ponzi scheme model has been around since at least the 1920s and is outlawed the world over, regardless of the political environment or government running the countries the model is illegal in.
You don’t need to understand politics or even take it into consideration to appreciate that a business model that rewards recruitment is going to fail due to the fact there aren’t an infinite amount of people on the planet to recruit.
@Andy
I’d say whatever money made there was invested into Speak Asia (the commissions on the 800 fraudulent accounts had to come from somewhere).
Start scam, make money and re-invest in a new scam some months later – see the Seven Rings pattern?
Oz’s is saying that Ponzi schemes are outlawed by the Money Chits Banning Act. There is no politics involved, merely law. Attempt to drag politics into it appears to be a “derail” attempt by you to sidetrack the discussion.
I mean to say because of these politicians all these Ponzi schemes comes easily to India. See, there are ‘n’ number of many small, medium & big ponzi schemes running in-front of our eyes.
Each & every scheme atleast has a relationship with a politician and also some govt. officials, even many govt. officials already arrested in several cases in different states of this country…it was the proof…
So, you are telling – Since Mr. Manoj Kumar is feeling guilty, he was hiding – o.k. Let’s wait and see..
soapbox
you better be fair
if i can’t get back at that swine andy for his kamatipura barb, then his comment does’nt deserve to stand either.
what on Earth is kamatipura?
It is useless because in Hindi and then keep on explaining in the same comment what all he has spoken.. Great work OZ… Please be real and come out of your hiding. I have been brave enough to post under my real name. But you are in hiding straight away… Any how this is your self moderated page and we can not control what you post. Please become a part of Powers page and we will be ready to willingly accept you.
So which politician(s) does SpeakAsia have in their pocket?
Sanjeev… Sanjeev… There’s a “delete on sight” order on any links to Behindmlm stuff on the Powers page. Your plea makes no sense.