PERJURY: Speak Asia lies to the Supreme Court!
As many of you who have been following the Speak Asia drama in India know, yesterday was the 17th of October Supreme Court hearing of a PIL filed by a group of panelists.
Among those who had to respond were Speak Asia themselves and the RBI.
Whilst the RBI didn’t show up, Speak Asia did… and according to their official press release, used their legal counsel to wholeheartedly mislead and lie to the Supreme Court of India.
Trumpeted as a victory, much has been made over Justice Dalveer Bhandari’s negative remarks against the RBI when he learnt they were a no-show.
Indeed Speak Asia’s own October 18th official press release relishes the moment;
The Honourable Justice Dalveer Bhandari of the Supreme Court strongly reprimanded the Ministry of Finance and the Reserve Bank of India, for not having filled the reply affidavit, to the writ petition filed by the panellists of Speak Asia.
Why the RBI failed to make an appearance, I have no idea. But understandably the judge was flustered.
And why shouldn’t he have been?
The complete and utter bullshit Speak Asia fed the Supreme Court was nothing short of fabricated lies.
On October 17th in the Supreme Court, the highest court of India, Senior Counsel for Speak Asia, Gopal Subramaniam, stood up and committed perjury.
Subramaniam (photo right) stood up and told the court that when compared to eBay (eBay do not pay commissions for recruiting members to the company, so the comparison is misleading), Speak Asia
was a much better and refined version as the consumers not only got great deals but could also earn reward points that could be used to buy goods and services.
It is of critical importance to understand here that between Speak Asia’s commencement of business operations in May 2010 until now, Speak Asia’s business model remained unchanged from when the company first launched.
That is to say, the original pyramid scam recruit game business model and compensation plan, that led to 1.2-1.8 million members signing up and makes no mention of product purchases or consumer power, was never officially replaced and/or updated.
Right up until the day the EOW seized the server hosting the Speak Asia website, the original business model was still in place and being used by the company.
The same business model that got Speak Asia into the regulatory trouble it is in today and sparked multiple criminal investigations and accusations of fraud by the EOW and CID.
The business model Gopal Subramaniam sold to the Supreme Court of India on the 17th October 2011 was a complete lie!
It would be like Subramaniam getting up and declaring that Speak Asia did indeed establish an office in India, based on nothing more than the announcement of plans to open an office up.
With this complete fabrication of a business model presented to them, is it any wonder Justice Bhandari reacted the way he did?
Being no doubt unfamiliar with the business model himself, Bhandari was sold a lie by Subramaniam (who has undoubtedly perjured himself in court) and then acted accordingly. Furthermore it appears Speak Asia submitted a 60+ document outlining this business model they never implemented or used a week before yesterday’s hearing.
In a court room full of Speak Asia and AISPA panelists, nobody had the guts to challenge the lies being presented to the court?! Nobody felt it necessary to stand up and state that the business model being presented was never used and was drastically different to the actual model used by Speak Asia for over a year?!
Hang your heads in shame guys. Neither the CID, EOW or RBI were there to challenge Speak Asia’s lies in court that day, but the panelists of Speak Asia certainly were.
Desperately wanting to receive their payments, it seems no matter the lengths of fraud Speak Asia would sink to (lying to the Supreme Court is unbelievable!), panelists of Speak Asia are all too willing to sit by and support such a morally bankrupt company.
Finally, Speak Asia’s official press release mentions that Subramaniam
lauded the extraordinary vision of the two Singapore based entrepreneurs and the unfortunate victimisation of the company.
Harendar Kaur we know is from Singapore, so who’s this mystery second Singapore based entrepreneur Subramaniam is talking about?
The next court case is due in early November, with the EOW, CID and RBI all present – My only hope is that someone is ready and willing to call out Speak Asia on its lies.
Speak Asia simply cannot get away with presenting to the highest court in India a business model they themselves never used.
Outrageous perjury doesn’t even begin to express what Speak Asia’s lying to Supreme Court of India represents.
A travesty of justice indeed.
Looks like it’s not the first time Gopal Subramaniam has lied in court for his client either!
soapbox RESTRAIN YOURSELF!
you’re completely over the TOP!
1] “But understandably the judge was flustered.
And why shouldn’t he have been?”
why would the judge HIDE his feelings?if he was upset by saol’s lies he would have shouted down saol lawyers,not the rbi and finance ministry.
2]”On October 17th in the Supreme Court, the highest court of India, Senior Counsel for Speak Asia, Gopal Subramanian, stood up and committed perjury.”
if you were indian press you would have summons [defamation] served on you ,right where you stood.
3]”Furthermore it appears Speak Asia submitted a 60+ document outlining this business model they never implemented or used a week before yesterday’s hearing.”
have you READ this document?without reading the document HOW can you DECIDE WHAT it contains?if gopal has committed perjury according to you ,then you have committed limitless STUPIDITY.how can a sane person ,WITHOUT access to any documentation say that lies are being told.
do you think our supreme court judges are as STUPID as you?
4]”In a court room full of Speak Asia and AISPA panelists, nobody had the guts to challenge the lies being presented to the court?”
um,due to a security drill in the supreme court yesterday, NO panelist of speakasia was present in court.in a courtroom of the supreme court you don’t require GUTS to stand up .you need facts and proof.
5]”Hang your heads in shame guys. Neither the CID, EOW or RBI were there to challenge Speak Asia’s lies in court that day, but the panelists of Speak Asia certainly were.”
i agree with the first part they should be ashamed for harassing speakasia.
the second part,ha!try LYING in the supreme court!
the third part-refer to point 
your PAL THEORY,outlandish and laughable as it was ,was forgivable for being simple stupidity and a rather harmless whiling away of time.
but when you think ,you can say, what is happening in the supreme court of india is PERJURY ,without any fact or proof or documentation or that you are smarter than a supreme court justice, one has to wonder if you are writing this from a mental institution in australia.
Looks like it’s not the first time Gopal Subramaniam has lied in court for his client either!-soapbox.
is this how you do your research?go find any snippet on the net and publish it as truth?
the link you posted is an example of pure and simple POLITICS.politicians fighting ,and blaming each others lawyers.
nobody believes them.tomorrow subramanium swamy may hire gopal subramanium for a case and make a statement about how righteous he is.you can’t take either statement SERIOUSLY.
show me an instance where gopal subramanium has been’charged ‘ with fabricating stuff.
what stupid NONSENSE!
so now india is a banana republic, the courts are farcical.you can march into the supreme court and lie because the judge is STUPID ,and the only person aware of this is a strange person called soapbox who lives in faraway land.FAIRY TALES!
frankly speaking ,i’m not concerned about what you have you say about saol,but it upsets me that people can point fingers at our judicial system.
we have a very strong,thriving and hugely respected judiciary.
it is the backbone of our democracy and easily accessible to all citizens.
one of the reasons we have no violence inspite of such a large diverse population is because people trust the law to solve their differences.
nobody gets away ,pointing fingers at my beautiful judiciary.
anju you are doing great job…………
i always follow the updates on speakasia from this website.
They are saying that speakasia is saying lie in court…………but this blog failed to mention that what lie is being told by speakasia in court………and yes, the writer of this article think that he/she is more intelligent then SUPREME COURT JUDGE/ADVOCATE
You missed the point. I was commenting on the fact that the judge’s reaction has been heralded as some sort of great judicial triumph by Speak Asia supporters.
Yet this very reaction is a reaction to the lies Speak Asia have fed the Supreme Court.
And I’d be innocent.
Are you honestly suggesting it’d be any different then what Speak Asia they themselves stated their lawyer said in court?
Even without the document Speak Asia have clearly stated that Gopal Subramaniam misled the court in asserting that Speak Asia were using a product based business model they never did.
Ah, well that explains it then. So just who was in the Supreme Court? Speak Asia, it’s lawyers and a judge?
Without anyone to call Speak Asia out on its blatant lies, no wonder things went the way they did.
Gopal Subramaniam stood up in the Supreme Court and detailed a business model that Speak Asia never used.
Furthermore the company submitted supportive documents that contained details of a business model the company never used!
This is called perjury!
It’s an example where Subramaniam was accused of misleading the court, as I’m accusing him here. Don’t drag your bullshit ‘waah it’s politics horseshit into this.
In the absense of anyone in the court room to object to Speak Asia’s lies, they’ve gotten away with bullshitting the Supreme Court of India into believing they used a business model they never did!
What a silly attempt to deflect blame from Speak Asia onto the judiciary. Speak Asia lied here, not the judiciary. In the absense of objection they had no reason to believe Speak Asia would stoop so low as to blatantly lie to them about a business model they never used.
I hope the EOW, RBI and CID object till their voices bleed come November and Speak Asia attempt to claim once again that they’ve been using a business model they never did.
WIth all due respect, are you blind?
From the article;
Speak Asia were using their binary pairing compensation plan right up until they were shut down! The products based business model was never more than an announced plan, it was never a deployed business model as Gopal Subramaniam stated!
by reading the blogs of Oz it is quite clear that he is blindly against saol and he neverminds supremecourt and judicial system and court systems and if not stop will give his virdict agains saol on his own
How do I contact Retd. Chief Justice R.C Lahoti to know progress of payments of my accumulated survey and panel reward points? That is all most panelists are interested in and not the interpretations of AISPA, anurag, anju, etc. on what transpired in the SC on Oct 17, 2011.
Getting payments like this is far better than the crap Exit Option as my accumulated reward points are far in excess than the membership fee of 11k and I will retain my membership too to boot!.
So you have nothing to defend Speak Asia lying in court.
Cheers, thankyou for your support.
Your best bet would be contacting the Supreme Court and going from there.
Regarding your payments, there isn’t enough money in the kitty to pay everyone out. Unfortunately that’s the crunch of a pyramid scheme scam, so I wouldn’t be holding my breath.
I would like to know that , are you a lawyer? Did you ever read the document provided by SPEAKASIA in supreme court? Did you ever have had a minute of chat with the judge and the lawyer of the case of speakasia in supreme court?
Negativity is necesory in life to protect ourself against bad things..that may happen to us………..but for last many times i follow your all reaction against blog written for speakasia……..and you always try to modify the meaning of the sentences.
I agree with you one point…….that …….
IN THE ABSENSE OF OPPOSITES PARTIES SUCH AS….RBI, EOW AND MANY MORE THERE WERE NO ONE TO CHALLANGE THE METTER OF SPEAKASIA’S BUSINESS MODEL (AS PER YOU SAID)THE HAD NEVER USED BEFORE.
But one thing that is not ignorable that in the court room there was also a council from government (govt. lawyer) end also present there.
And yes this is not first time that company is showing their future plan in the court, before this as far as my knowledge is concerned AMWAY did the same years ago…….and court agreed with their business formula…………..
Now you will said that AMWAY is product base company and speakasia doesn’t have a single own item to sale.
But if you ever tried (with positive mind…….and yes also with open eyes)to study the plan ever they mentioned everytime at different stage…………
MAIN THING I WOULD LIKE TO TELL YOU THAT I AM NOT CONECTED TO SPEAKASIA FAMILY ANYMORE……..THOUGHT I AS A INDEPENDENT PERSON GIVING MY INDIVISUAL OPINION.
MY QUESTION FOR YOU IS THAT I AM VERY INTERESTED TO KNOW ONLY THAT “ARE YOU A MEMBER OF SPEAKASIA? IF YES, SINCE WHEN? AND IF YOUR ANSWER IS NO, THEN HOW DO YOU OBSERVING THIS COMPANY’S ACTIVITIES IN SUCH A NAGATIVE MANNER?
YOU MAY ASK ME THAT IF YOU ARE, NOT A SPEAKASIAN, THEN WHY DO YOU INTERFERE HERE? sO, I WOULD LIKE TO TELL YOU THAT I KNOW A LOT PEOPLE WHO HAVE TO SUFFER A LOT BECAUSE OF NEGATIVE MIND PEOPLE ARE DOING THEIR JOBS ON BACK STAGE.
MORE AFTER YOUR COMMENTS…………..
save me your sob story bullshit and contention that I’m not able to write about Speak Asia becauase I’m not a member, and answer me these simple questions;
Did Gopal Subramaniam stand up and present to the Supreme Court of India a business model that Speak Asia have never used?
Did he, or did he not argue the legitimacy of Speak Asia on this business model?
And finally, is it not reasonable to suggest that Justice Dalveer Bhandari’s opinion and ruling was based on information presented to him by Speak Asia (via written document) and their legal counsel (Gopal Subramaniam) that is misleading and untrue?
You know the answers as well as I do.
The court is entitled to assess and rule Speak Asia’s proposed business model as legal or not, that’s well within their bounds.
However this proposed business model is being presented as the model Speak Asia have used since May 2010. To present a business model in court that was never used and suggest it is the business model of Speak Asia is perjury!
Future plans and proposed business models do not absolve you from running a scam for the better part of a year. Speak Asia aren’t in court over their future plans, they’re in court over their past. A past in which they never had any products and used a business model that paid out ridiculously large commissions on recruitment.
A plan that upon inspection anyone who understands plain mathematics should be able to deduce is nothing more than an unsustainable pyramid scheme scam.
thanks for quick reply………….
answer me only one question
AS PER YOU SAID SPEAKASIA HAS SHOWN DIFFRENT BUSINESS MODEL THEY NEVER USED TO USE BEFORE. AND IF YOU ARE AWARE ABOUT THAT TELL US TO ALL.
AS PER MY KNOWLEDGE SPEAKASIA IS WORKING FROM 2010 AND SINCE THEN THEY HAVE ONLY PYRAMID TYPE SCHEME TO MAKE A NEW MEMBER AND HAVE A COMMISSION FOR IT. tHIS IS THE FACT THAT WE ALL KNOW.BUT LATER AND YA BEFORE MAY 2011……THEY SHOWED THEIR PLANS FOR SELLING PRODUCTS AND MANY MORE…….THIS MATTER IS NOT IGNORABLE.
EVERYONE KNOW THAT NO ONE CAN BECOME THE EMPIRE IN SHORT TIME ….THERE ARE SO MANY STAGES TO PASS THEM. “NEPOLIAN” THE GREAT EMPIRE WE ALL KNOW THAT HE DIDN’T BECOME A GREAT KING ALL OF SUDDEN.
SO REPLY ME WHAT THE PLAN THE SHOWED IN THE COURT.
WAITING FOR YOUR RESPONSE………….
As per the press release published on Speak Asia’s ‘official’ blogspot blog;
This is of course a summary, but still a clear indication that Speak Asia presented a business model to the Supreme Court that they never actually implemented as their actual business model.
This when everybody in the company and those investigating it clearly know they’ve been running their binary pairing compensation plan since they started, the one that pays out comparitevely huge commissions on the amount of people you recruit to Speak Asia.
What they were or weren’t going to do doesn’t negate what they did. At the end of the day Speak Asia raised a lot of money and screwed a lot of people over on a business model that as you agree was a ‘pyramid type scheme’.
It is this business model that the EOW, RBI and CID are criminally investigating and this is precisely why Speak Asia are lying about their business model in court, presenting to Justice Dalveer Bhandari a model they might have planned, but never used.
True, but when we are talking business it is inexcuseable for any of those stages to be illegal pyramid schemes.
Referring back to the Speak Asia press release linked to above, it stands to reason the document Speak Asia submitted explaining their business model would be clarification of Gopal Subramaniam’s verbal explanation in court wouldn’t it?
Why would the written submission of Speak Asia’s fake business model be any different to what Subramaniam presented to the court on the 17th?
you have a good capability of making explanation on perticular one sentence………………
“Ebay, where the consumer benefits most. He said this was a much better and refined version as the consumers not only got great deals but could also earn reward points that could be used to buy goods and services. He also emphasised on the training initiatives taken by the company.”
…………..i really appreciate that.
But my friend, what further you know about the business plan they (speakasia)introduced before the supreme court judge……except they have given example of ebay.
There are lot of invantions and discovries done by other person and later introduced with stable version of that.
As a cautinary circular provided by RBI TO ALL BANKS THAT HAVE EXAMPLE NAME OF SPEAKSIA IN IT, BUT THEY NEVER TOLD SURE THAT SPEAKASIA IS DOING SOMETHING WRONG AT ANY STAGE. AS PER MY KNOWLEDGE YOU ARE ALSO AWARE ABOUT THAT CIRCULAR.
Again I want to pay attention of your mind about the investigation is in progress by EOW,ROC,CID/CBI…..OR WHAT ELSE……..I would like to share that till now none of above investigation agency able to file a chargesheet against SPEAKASIA.
And if i am wrong , n you have some extra knowledge on this investigation metter then please share here. I will be more thankful of yours.
Chargesheet should be filed within time of 90 days what happen till now…..please let us know……if you know that.
Last and most important thing:”PYRAMID SCHEME” is not a failure version of any business. There are a lot company working on same model you should awre of them……..and ys they also not based on “ONLINE SURVEY”.
Afterall………nice comments made by you…………
i spoke to a speakasian petitioner in the supreme court.
he has read in detail the business model affidavit presented by saol to the court.
he said the affidavit was ‘a thing of beauty’.it brought tears to his eyes ,such was it’s perfection.
basically saol has said it’s business plan was in three stages.the last stage was announced in the gen next fair in goa.there were YUG banners everywhere.
before the eow took away the site, the new site showing the product line was up for a few days.
there was an advertisment in the TOI announcing LED tv’s.
the second stage of the business where people could explain the concept of speakasia to other people ,and earn commissions, for supporting and training people to answer surveys is well explained and not even an atom can poke a hole in it.
i really wish i could get my hands on this document.
the income of saol is clearly explained ,and also how they can afford to pay survey income and commissions is CLEARLY explained in detail.
this speakasian also told me that the world would bow before the sheer intellect of the master who wrote this affidavit.if there was a nobel prize for affidavit writing this one would win hands down.
well you know,saol is being advised by some of the leading legal brains after all.
if you say gopal subramanium is LYING in court ,let the eow and rbi come and tear him apart.
saol is waiting.
the next hearing has been listed for 8th november.
I know what Speak Asia have chosen to reveal, and eBay comparisons aside, they mention using RP’s to purchase products. That alone is enough to prove what was presented was a lie.
This ‘RP for products’ business model was never used, only announced.
Not in the circular perhaps, but the RBI publicly announced that the reason they were looking into Speak Asia was to see if they’d transferred more money out of India than was legally allowed.
True, but that doesn’t mean anything given the information they’ve been publicly releasing. It’d be silly to file a chargesheet when they haven’t finished their investigations.
Speak Asia is no doubt alone in running scam surveys with no corportae clients that pay out commissions on memberships, but I’m one guy. I can’t cover everything.
No doubt the operators of these similar scams are watching what happens to Speak Asia with great interest. Therefore it’s even more important that a strong message is sent to them that, like most places in the world, these silly simple money game scams are illegal and not tolerated.
And of what relevance are the stages that were never implemented beyond suggestion?
Do they in some way negate the pyramid scheme model used for a year that is the basis of the criminal investigations and fraud?
They shouldn’t be allowed to be entered into court as they have no bearing on how to date Speak Asia has generated any revenue, or on the model they’ve used to pay out panelists.
Again irrelevant to the criminal investigation. This business model was never acted upon (why not is irrelevant, all that matters is that it wasn’t).
Presenting is as a business model that was deployed and expecting the court to rule on the basis of it being used is misleading and perjury as you’re lying.
Obviously not, I reviewed Speak Asia’s business model myself back in March and the whole article (including explanation) was less then 2000 words. A 60 page document no doubt contains a ton of hypothetical bullshit and explanations on a business model they never used.
Come on anju, really… that’s an embarassing bit of prose right there.
Here’s hoping. Any competant lawyer should be able to get hypothetical revenue explanations based on business models that were never used omitted from a hearing. They bear no relevance to the reality before us;
That Speak Asia used for a year a business model that is simple in nature and did only three things, paid buggery for completing surveys and hundreds of dollars for recruiting new members to the business.
It did these things in the absense of corporate survey clients by charging people membership fees, and paying out commissions from these fees.
And before anyone craps on about having corporate survey clients, even if that were the case (the CID claiming they have no corporate clients aside), I’ve already established Speak Asia would’ve need to have charged nearly 4 million USD per survey commissioned for a year straight to prove they weren’t a pyramid scheme – and that obviously didn’t happen.
i would like to know since how long you are looking after the MLM business world.
And ya, is there any other company you are following like speakasia?
I’ve been writing about MLMs now since 2009.
As best I can remember I haven’t reviewed any other survey based MLM companies.
THIS IS SO SILLY OF YOU SOAPBOX.
YOU HAVEN’T read the affidavit .YOU don”t know what it says.you’re just ASSUMING stuff.
assumptions are the mother of all F@@K UPS.
by the way, something for you to chew on.
saol never had any clients for their surveys at all!
see,the eow is soooo right.not a single client ever.
I don’t care about the affadavit.
Speak Asia’s lawyers are standing up in court and presenting Speak Asia as a legitimate company based on business models they never used.
Do they in some way negate the pyramid scheme model used for a year that is the basis of the criminal investigations and fraud?-soapbox.
WHAT pyramid scheme model?NO such model was EVER used.one day when you read the affidavit you will understand.till then you’re just groping in the dark ,aren’t you?
i would like know from you in this open platform that there are news around in so many websites,that speakasia has submitted NDA before the HC & SC. and speakasia persons also told in the press conference that the company is ready to give the client detail if someone provide them a none disclosure agreement,
your comment will be apprecieted.
See this is what happens when you perjure yourself in court and lie to everyone. Eventually the underlings start to believe it and before you know it people are trying to rewrite history.
I don’t care what the affadavit says, since May 2010 Speak Asia had one business model, the binary pairing business model.
You received peanuts for doing surveys and large commissions for recruiting people (binary pairing and a one time recruitment bonus).
This is the only compensation plan Speak Asia has ever used and relies on a constant influx of new recruits (membership fees) to pay people out (for recruiting and for doing surveys, as there are no corporate survey clients).
I wrote this blog on AISPA site and asked a few question to Mr. Ashokji.
ANJU AND SOAPBOX CAN ALSO ANSWER THE QUESTIONS .
For Mr. Ashokji,
1st I would like to know from this open platform that As per said by speakasia in the press conference held in may 2011, that they are agree to show the names of its client with one condition that one have to subnit NDA(none disclosure agreement).Is this correct?
2nd thing is that some sources saying that The Company had presented this detail before HC/SC…………is this true?
3rd Till now we were in process for release of Mr. Tarak Bajpai…..we all were told in your blog that , this is very important for the company that a person like tarakji only can handle this worst situation….but no one have detail about Respected Tarakji………..and suddenley the matter is disapearred……….what is the status of lovingly Tarakji?
4th What is the case status of writ petition filed by AISPA which was listed on 12th of october but was not listened……….what is the next date?
5th You told in your previous blog that you will inform all of us the details regarding to RBI and SPEAKASIA COUNCIL meeting which was delayed due to some reasons………….did next meeting take place?
I know that not each and every metter should be duscussed on open plateform but you can tell us some points. I aprecieat your works related to speakasia but please share some details to us.
AISPA doing its best to provide all the updates , i urge you to provide answers when you get free time.
I searched in Supreme Court’s website. I couldn’t get any info on Speakasia’s latest case. Could someone provide the Case No or more details on the petition?
I searched with the Judge name Dalveer Bhandari, I got other cases but nothing related to Speakasia.
The NDA is in place for one reason and one reason only, Speak Asia are bullshitting and want to legally prevent people from checking the names provided. And/or the names provided are financially related to the company, so again they don’t want this getting out if investigated properly.
Claims about competition are just a load of crap, it’s a free market and if Speak Asia were doing a good job they wouldn’t have to worry about competition.
Rather than lead the company as he promised, like the rest of Speak Asia management Tarak Bajpai is in hiding. Not quite the same as Kaur and Kumar hiding overseas, but instead Bajpai suddenly contracted ‘serious’ medical problems following his arrest and is hiding out in hospital with his mate Mehrotra.
This is to avoid the police (‘sorry sorry I can’t answer anything I’m too sick you’ll have to leave’).
do u know the answers?
I searched in Supreme Court’s website. I couldn’t get any info on Speakasia’s latest case.-riffraff.
that’s because as usual saol is LYING riffraff. there was no case in the supreme court and justice dalveer is an imaginary person.
you can tell all your co-rats[who jumped the sinking ship],that they should get their money next month ,and we’re really hoping you will keep your dignity and walk away, instead of trying to clamber back on to our saol ship.
you really have no idea, how happy speakasians will be to see the last of you and your tribe.GOOD RIDDANCE!
by the way ,your BFF observer[moneylife], has strangely disappeared.guess she realized her game was up.aispa is going to request the management to GO AFTER money life.they have caused too much pain and financial hardship to too many people.they should be punished for fabricating stories against saol.
there is a rumor doing the rounds ,that at 1 AM last night AAJ TAK ran a scroll saying the rbi governor has said he saw no problem with saol’s business plan.can anybody confirm this?
don’t take what soapbox says seriously elex,he really has no idea ,and of late has taken to talking out of his arse.
our beloved tarakji[who smilingly and bravely endured jail ]has had a serious operation and is recuperating from that .
from what i hear, he was scheduled to have this operation just two days after he was arrested.so his treatment was greatly and dangerously delayed by his arrest.but all is well now.
Yawn. Although if Speak Asia presented to the RBI the same business plan they never used as presented at the Supreme Court, is it any wonder the governor had no problem?
Speak Asia are going around telling everyone lies about their business model. Anyone who was with the company or looked into it over the past year knows full well any mention of products was just a plan that wasn’t acted upon when the EOW shut them down.
Oh I’m talking out of my arse? I’m not the one going around lying to everyone about Speak Asia’s business model.
So why with the pre-knowledge of Bajpai’s need for an operation was he being touted as Speak Asia’s ‘dear leader’ (in the absense of Speak Asia’s CEOs in hiding)?
And what was the mysterious illness that struck down Mehrotra after the authorities got to him too?
Will both be making a miraculous instantaneous recovery in the unlikely event Speak Asia resume business operations in India?
the past year knows full well any mention of products was just a plan that wasn’t acted upon when the EOW shut them down.-soapbox.
1]products were announced in gennext ,goa
2]the new website showed a product line
3]speakasians who attended saol seminars and trainings were told about the company’s plans .
4]the material lying with customs is the FINAL PHYSICAL proof of saol’s plan.
just because you’re blind soapbox doesn’t mean our rbi and supreme court are blind too.
try lying in front of our rbi governor.he will squash you before you can open your mouth.these guys have aeons of experience,they know what they’re doing.
the problem is you and your friends are blinded by your vitriolic hatred for saol.you are not thinking straight anymore.
mehrotra ,i hear ,is not doing very well.tarak should be up and about by the time the company comes back.
Exactly, announced. This product-based business model was never actually used. For the first year of operations until they were shut down Speak Asia used a binary pairing compensation plan that was clearly a pyramid scheme paying out on membership fees.
But it didn’t show a new business model, which is what we are talking about.
Again, they were nothing more than plans.
It is utterly misleading and a lie to present these plans as Speak Asia’s actual business model. It’s a lie and to submit this to court is perjury.
What Speak Asia’s future plans are is irrelevant. They were never being investigated for their future plans, nor do any future plans negate the past year of business and any fraud or criminal activity conducted during this period.
The governor isn’t all knowing. If he himself has not looked at Speak Asia’s existing business model (which has all but vanished from their website), and he asks Speak Asia what their business model is and they feed him lies… is that his fault, or Speak Asia’s?
My hope rests with the CID and EOW. As they were investigating Speak Asia far beyond their international transactions.
Once again I’ll reiterate that the RBI cannot give Speak Asia any clearance on their business model as they were only ever investigating whether
or not the company transferred more money overseas than was illegally allowed.
Delicious, delicious irony.
All you have is a company lying to everyone about their actual business model, and RBI governor rumours.
Meanwhile I have a documented business model that was in use and was the only business model Speak Asia every actually used, and proof from the company itself (via press release) that the business model presented to the Supreme Court of India was a complete lie.
Want more proof? Under the proposed payment by Speak Asia, which business model will they be paying out on? The one with recruitment bonuses they used right up until the EOW shut them down, or a business model they never implemented that includes products?
Go and ask your AISPA contacts that one please.
(and I don’t want to hear some rubbish story about how members will be able to purchase products with their RP, I want to know if the recruitment bonuses are going to be paid out to them in cash).
As if 40 crore’s worth of TV is going to prove that a scam is not a scam…
Instead of paying money to members, members are asked to BUY STUFF (i.e. putting in MORE money).
Isn’t that fraud already? Hmmm?
I searched using Dalveer’s name… I got many other cases.. but nothing related to Speakasia. I need proofs.. no word of mouth… Anju..
U know sooo much about Speakasia (I guess even more than Manoj & Haren Put together) .. so y not provide a simple case no.. we’ll look it up ourselves and be satisfied…
soapbox-you INTERPRET the saol model as pyramid and that’s where you took the first mis-step.
when the affidavit becomes a public document you will see the explanation yourself.
riffraff,did you not READ the update on
somebody should give you the nobel prize for DAFTNESS.
No I didn’t. Speak Asia paid members vast amounts of moneys against pairs of new memberships daily, in addition to a once off recruitment fee for each member. In the absense of corporate clients these commissions were solely paid out of membership fees.
I don’t need some bullshit affadavit to explain it to me, that’s sadly all there was to Speak Asia’s business model (well, you could earn $7/$20 a week doing fake surveys, but nobody cared about that).
(well, you could earn $7/$20 a week doing fake surveys, but nobody cared about that).-soapbox.
almost 50% speakasians were ONLY making survey income and not making new subscribers.
how does that fit in with your pyramid scheme?
if i am a student i purchase two panels ,earn rs 8000 a month and i’m happy.
if i am middle level professional i purchase 10 subcriptions make rs 40,000 a month and this almost doubles my salary.
if i am a homemaker i purchase 5 panels and make rs 20,000 a month which can enhance the lifestyle of any middle class family.
if i am a rich person i can buy 30 panels and make rs 1,20,000 a month which is good money.
most people refuse to sweat it out and bring in new subscribers.it’s hard work.who’s interested?
That’s what happens in a pyramid scheme duh. This percentage continues to rise until the entire thing collapses.
Except with no corporate survey clients (nobody was paying 3.8 million USD per survey), it’s not sustainable!
And before you bullshit on about Speak Asia having corporate clients, who the hell is buying surveys in which one person can reply 10 times?!
No new members = no commissions, for recruitment or otherwise. Total pyramid scheme.
Enough people to bring 1.2-1.8 million members into the company. They were sold on the commissions for recruiting people.
Your bullshit assertion that companies are paying millions to purchase surveys in which the participants totally skew the results by contributing 10-30 survey replies is just that, bullshit.
I searched the supreme court’s website : http://www.courtnic.nic.in/courtnicsc.asp
Here I searched for Speakasia, RBI, EOW, Reserve Bank Of India, Economic Offence Wing, etc. Only one info I got related to Speakasia and that too Speakasia vs State of Andra Pradesh for Quashing Criminal Proceedings.
And info in this link : http://speakasiaonlinemarketing.blogspot.com/ even a baby could create it. They’ve written soo much, but never mentioned anything related to the Case No/Petition No etc?
@ Anju .. as I said earlier, please give us some concrete proofs. By scanning and posting a fairy tale book online, doesn’t make those tales a Fact.
on 21st oct saol submitted a special leave petition in the supreme court.the petition asks for the case in andhra to be quashed.
as you know the high court,andhra had refused saol’s petition to quash the case.so saol is now in the supreme court in this matter.
the lawyer from corporate frauds watch tried hard that the matter NOT be ADMITTED in court but the supreme court was pleased to admit this matter.
Except SAOL has yet to prove it has any clients, thus, money used to pay out these surveys are derived from OTHER members out recruiting.
Besides, who provided these numbers? SAOL itself? Hardly third-party audited and confirmed numbers.
So when you guys tried to quash the petition and lost, it’s “we’ll triumph later”, but when THEY tried to quash the petition and lost, it’s great victory?
You’re making too much out of this minor decision (or is that SAOL).
Supreme Court simply decided that there is enough to consider SAOL petition (i.e. it doesn’t seem to be frivolous). It has yet to look at the case itself, or decide how it will be tried.
Not having matters thrown out of court for being a fraudulent company is an automatic great victory for Speak Asia, didn’t you get that memo Kasey?
guys, remember that petition saol had filed in the supreme court for bunching all matters together and having the supreme court decide on the matter, instead of having different state govt’s ,messing with the matter and taking an indefinite amount of time?
the supreme court had said let the charge sheets be filed first.so saol withdrew the petition and you guys couldn’t help going all LOL about it.
um,notice how our lawyers have steered the matter expertly into the supreme court.notice how they’re not interested in
getting early dates in the state courts?
notice how they got the rbi ,eow etc scolded and told to reply WITHOUT FAIL on the next date?
so saol has managed to bunch all matters together and established a time frame for the matter too.
for all we know, the eow would not have filed the charge sheet in mumbai, even on the expiry date of 90 days.they would have begged for more time as they are wont to do.
saol is bloody smart.inspite of being kicked around mercilessly ,they’ve managed to march up to the front and guess who’s running the show now?
Yeah… what about it?
The Supreme Court has never said they were going to consolidate the criminal investigations into Speak Asia. They only wish to hear from the RBI and EOW, which is understandable.
And after they’ve given their evidence… how do you think that’s going to go?
Up until now, Speak Asia has rocked up to court unopposed and lied to the court about its business model. And even then the judge was weary enough to not take it at face value requesting further clarification from the EOW and RBI.
And again, how do you think that’s going to go?
After they’ve presented what they’ve found, even if they request more time, do you honestly think this is going to be denied?
You know that’s not how criminal investigations work, not even in India.
All the court (not Speak Asia) has done is set the next date for a hearing, which was to be expected with the absense of the RBI and no input from either the CID or EOW. The judge would have had to have been a complete idiot to take Speak Asia at face value and dismiss the criminal investigations being carried out into them.
Again, criminal investigation.
Imagine if every criminal lawyer demanded a set timeframe otherwise his or her client was to be presumed innocent. What a laugh.
Given that regardless of what the RBI states, no bank in India will do business with Speak Asia until the criminal investigations into the company by the EOW and CID are complete, I’d say the CID and EOW are still firmly incharge of their investigations.
But no, you keep on believing that Speak Asia have any power or influence over the Supreme Court…
where are you getting the above BS from?have the banks told you personally?
if the rbi withdraws it’s ‘c’ letter, banks will VIE with each other to get the saol account.it’s big money.who cares about criminal investigations?let the eow keep doing what they’re paid to do -investigate endlessly.everything the eow has ‘found’ is easily explainable.nobody is worrying about the eow.
saol’s primary concern is to get it’s business model CLEARED by either the rbi or the supreme court.
saol is very happy the rbi and eow dint turn up at the last court date[why would they DO that?].they got the judge all to themselves and had NO interruptions when they explained their business model to the court.
remember the supreme court is the ONLY court that has received a written and oral explanation until now.with the eow postponing things endlessly ,saol wasn’t getting the chance to explain it’s business model in the state courts.
go to this link for todays breaking news,
hahahahaha,i love tarak bajpai.
Anju will keep shouting positives news, positive news, to keep her downline happy so that they dont catch her neck. This happens in every MLM Company.
Well she talks rubbish crap about business model of SpeakAsia, let us finish her arguement. My relative was told that SpeakAsia is a survey company and pays 500 Rs per survey and there are 2 surveys per week and a person can earn 4000 Rs per id he purchases.
To confirm this the panelist who approached him showed the website of SpeakAsia in April this year where in FAQ it was written panelist are paid 10 dollars per surveys.
After getting exposed by media the faq changed now there is no mention of dollars as payment, its RPs and one has to buy products and services through RPs.
It should be clear now what is the business of speakasia, its called cheating and these Sr panelist like Anju have spread the fraud by claiming Airtel, Tata etc were their clients.
And i hope someone stands up in court and present this geniune real fact that has happened and how speakasia changed dollars to RPs and put in there that these have to be spend on online site only.
I have faith in God and these cheats will get their due soon.
They don’t need to, look at their actions.
The RBI never ordered them to do anything, it merely highlighted the liability of conducting business with an organisation found to have engaged in criminal activity.
In the absense of a court order forbidding the banks from doing business with Speak Asia, it can be surmised they are acting of their own volition.
Because they are waiting to see the results of the EOW and CID’s criminal investigations into Speak Asia. All that crap about being influenced by the media was just horseshit from Speak Asia and its members.
The banks have their own legal counsel and know full well they’ll be held liable if they engage Speak Asia before the criminal investigations are concluded.
The c letter never ordered the banks to do anything, it merely warned of the liability of doing business with a company found to have engaged in criminal activity. Unless the criminal investigations are concluded, the banks won’t budge on this as they not in a position themselves to legally clear Speak Asia.
Only the Supreme Court, CID and EOW can do that.
It will be done in the Supreme Court pending the input from the EOW and CID’s criminal investigations into Speak Asia. The RBI were never criminally investigating Speak Asia, by their own admission they were checking to see if the company ilegally transferred more money out of India than it was allowed to (anything illegal found would then no doubt be passed onto the EOW/CID to assist them).
I bet they are. They got to lie to the Supreme Court about the business model they’ve used since May 2010 without objection.
Which is lies, so irrelevant.
And when they did, they lied. I do wonder if the EOW and CID can nail them on lying to the Supreme Court about their business model.
Damning. If you wanted proof his medical excuses were bullshit, there it is. Discharged, Bajpai had no option but to face the EOW/CID and he chose to run from the law.
So we can now add Bajpai to the list of Speak Asia management fugitives on the run from the law. What innocent company has its global CEO, it’s local CEO and Chief Operating Officer on the run from the law?
Bunch of crooks the lot of them.
tch tch sameer,
you’ve been reduced to ranting and raving now.
by the way people WERE being paid survey income promptly ,until the eow decided to rain on our parade.
the supreme court is allowing saol to make all pending payments.your ‘relative’ needn’t worry.take your money and walk away .
why are you interested in saol’s business model?
we’ll get it cleared ,don’t worry. just promise we wont have to see your sorry face again.
read ashokji’s update on the above matter today evening.
if tarak got discharged from the hospital he has a right to walk away doesn’t he ?if the andhra cid were hell bent on arresting him ,they would have posted an officer right next to his bed, and followed him into the loo.
he is discharged from hospital but probably still advised bed rest ,so nobody can arrest even now .this is just another case of GROSS MISREPORTING which doesn’t surprise us anymore ,cause we’re so used to it.
by the way ,the write up in toi ,once again mentions red corner notices against ‘seven ‘saol officials.this is the second time they have repeated the same lie.
saol will have to hire a battery of lawyers ,there’s so many people who are screaming to be sued.
Honestly, what are you talking about? If he’s out of hospital he’s open game for the EOW/CID to arrest him. Doctors can’t order the authorities to stay away if he’s outside of direct hospital care, that’s why he’s chosen to go into hiding.
Put whatever spin on this you want, it is what it is – and it’s quite indicatively damning.
sameer ,the next time you say that anju is a senior panelist or that anju has a huge downline, you better back it up with proof.
i’m so bored,i may sue you just for fun.
Go ahead u r most welcome it will be fun to screw speakasia thru you.
the case would be about you casting aspersions on me sameer,
whyever would any court allow you a lecture on the ‘business practices of saol’.
the judge would throw you out sameer ,he would say ‘if you want to screw speakasia that’s a whole new different case’.
you would be out on your ass ,sameer.