Bajpai Arrest: Speak Asia CEO Manoj Kumar responds
Following the arrests of Speak Asia’s Chief Operating Officer Tarak Bajpai and three other senior members, the big question on everybody’s mind has been ‘where is Speak Asia’s Indian CEO Manoj Kumar and Global CEO Harendar Kaur?’
With Kaur based out of Singapore, to date she herself has not released an official statement addressing last Friday’s arrests, nor has she come out of hiding – despite being wanted for questioning by Mumbai’s Economic Offenses Wing (EOW).
Manoj Kumar on the other hand, despite like Kaur still remaining at large despite being wanted for questioning, released a video yesterday addressing the recent Mumbai arrests.
Typically, as I’ve come to expect from anything Speak Asia put out, Kumar’s video is high on unsubstantiated rhetoric and misdirection.
Kumar (photo right) opens by introducing himself as the CEO of Speak Asia (under global CEO Harendar Kaur of course).
He then proceeds to give an explanation for his absence in light of the Mumbai arrests;
I’ve been travelling for business for the last ten days.
Really. That’s your excuse?
Speak Asia faces its biggest regulatory crackdown in months and you’re off on a convenient business trip somewhere, despite Speak Asia having no business operations or members outside of India?!
Likely chilling with Harendar Kaur in Singapore, Kumar doesn’t disclose his whereabouts – not withstanding his wanted status by the EOW this doesn’t surprise me at all.
Continuing to very obviously read from a prepared statement someone is apparently feeding to him page by page (those page turns are excruciatingly painful to watch), Kumar continues by reassuring Speak Asia’s members that he’s ‘so going to be back amongst all of you in India’.
Kumar doesn’t provide a timeline or specific date, which is puzzling seeing as all it’d take is a quick flight in and he’d be back in India. Anyone would think he was broadcasting from the moon.
Kumar then goes on to raise three points with viewers;
1. We’ve now been subject to an unparalelled victimization since 11th of May, 2011 – due to a malicious, unsubstantiated campaign against a television channel, against your company.
And some other vested interests joined hands.
While these vested interests are only worried about their personal glory, their gains, their money, they are forgetting about completely, or deliberately choosing to ignore, the plight and fate of more than 15 lakh (1.5 million) families – for whom Speak Asia continues to be a major catalyst, a major source of achieving economic independence.
There’s numerous fallacies in Kumar’s reasoning, but let’s start with the fundamental flaw that it’s not ok to justify income on the basis of how many people are drawing this income if the means is illegitimate.
Speak Asia Online operate primarily on a recruitment driven business model. Members are paid a pittance for completing thus far unproven to be commissioned surveys and are also lucratively rewarded for bringing new members to Speak Asia.
This ‘major source‘ of economic independence that Kumar is referencing would be the recruitment side of things.
With payouts of just $7-$20 for completing surveys every week, nobody is relying on such a small amount as a source of income.
Given this, it’s hilarious to watch Kumar attempt to create an illusion of victimization by entities unknown all collaborating against Speak Asia.
The picture drawn is that this reporting has come out of nowhere, whilst conveniently ignoring Speak Asia’s pyramid scheme business model.
We have not committed any crimes, you’ve not committed any crimes, you’ve not done anything wrong, we’ve not done anything wrong.
Also till (sic) date neither your company, nor any of its management executives have in any way been formally charged with any misdoings.
This appears to be a straight out lie. Despite being recorded after the arrest of Speak Asia COO Tarak Bajpai, it’s on the record that he and the three other members he was arrested with have all been arrested and charged with ‘criminal conspiracy and cheating and also under sections of the rarely used Prize Chits And Money Circulation Schemes (Banning) Act‘.
Sounds like some pretty serious misdoings to me.
For the rest of the duration of the video Kumar launches into the now tired nonsense Speak Asia has been spouting despite what is actually going on in the real world.
There’s talk of Mumbai offices (despite Speak Asia having absolutely no property of any kind in India, along with the repeated insistence of full co-operations of Indian authorities and proactive approach to ensuring that they understand Speak Asia’s business model.
Thus, Kumar feigns surprise over last Friday’s turn of events.
Really, is there anything that even needs explaining in Speak Asia’s business model?
The information Speak Asia sent out to government authorities likely claims the business model was nothing more than ‘consumer empowerment‘ and being all about market research and surveys.
The cold hard truth of the matter though is that Speak Asia is nothing more than about getting others to join the company, pay a joining fee and making commissions off said joining fee.
Pending a change to the business model, there’s simply no way around this fact.
Thus whilst the authorities have Speak Asia telling them lies, after conducting their own investigations into the company’s business model and finding otherwise – do they really have any other choice but to take them down?
Personally promising to lead Speak Asia ‘from the front‘ and heading to Mumbai ‘soon‘, Kumar signs off with can only be described as the complete deterioration of reality over at Speak Asia’s HQ in Singapore.
Looking at the greater picture, it’s clear that with India just a quick flight away, if Kumar was serious about defending Speak Asia, he’d be on a plane to Mumbai in a heartbeat.
The reality of the situation however I suspect is that Kaur and Kumar are instead hiding out in Singapore and, like the rest of us, are waiting to see how this Bajpai arrest plays out.
There is no doubt that under current circumstances Kumar would be arrested should he step foot on Indian soil, and he’s obviously more than aware of this.
So instead we’ve got the almost laughable premise now of Kaur, indirectly through Kumar trying to put on whatever face they can and insist that things are about to return to normal any moment now.
…at least it would be laughable if Kaur, Kumar and the rest of the Speak Asia executives weren’t willing to draw 2 million Indians down the regulatory toilet with them.
So Manoj will pull a bin Laden on us, keep issuing video statements by proxy?
I imagine one of two things is going to happen and both hinge on Manoj and Kumar sitting back and seeing what happens to Bajpai.
a. Bajpai is released, upon which Kumar and/or Kaur will make an appearance in Mumbai proclaiming how they were there to support Speak Asians all along and going on about how great the company is. Business starts up again as normal and the pyramid scheme is allowed to grow.
b. Bajpai is convicted of something and Manoj and Kumar never return to India, along with the millions they’ve siphoned out of India.
I’d be extremely surprised if Kumar or Kaur returned to India while Bajpai’s hearing is pending (August 5th if I remember correctly).
You are anti Indian catalist.
Its clear from your review.
Lol, so being anti pyramid scheme is now being anti-indian now is it?
The delusion continues…
@Oz — the problem is these people have too much “invested” with SpeakAsia… their complete “self-worth”.
Which only proves that it’s a cult, not a business.
the company’s stated stand is that they are paying people for services rendered to the company [filling surveys].So you can shout from the rooftops that it is a pyramid scheme but you need to prove it.
That’s what justice is about isn’t it, proving things on paper and not what you or I think ;and almost always at a safe distance from the truth.every speakasian has known the company’s plans from day one -their intention to set up their permanent establishment in India and their plans to introduce a wide ranging product line .
This is not something they thought up on Sunday afternoon when the media [read star news]descended upon them .If the company has used some smart legal thinking to carefully skirt the pyramid issue then more power to them.
most companies make use of loopholes in the law to protect their backsides and it occurs more commonly than not.when reliance started the trend in India of using public funds for private enterprise the ‘classes'[read old industrial houses] got after them with hammer and tongs calling dhirubhai ambani a cheat ,a fraud and everything else.
they used their clout with the print media and politicians to bring him down.But when a large number of people intuitively feel that something is good they stand up for it .in the case of reliance it was public[investors ]pressure which forced the govt to back off.
and it was a good thing too because today reliance is India’s largest multinational blue chip company and a fortune 500 company.and the ‘cult’ of blind faithfuls who believed in reliance’s idea is today a large group of multimillionaires.
govt. somehow make arrangements , that we get our money back
arresting leaders and disturbing the work is not the answer
I don’t give a rats what ‘the company’ says. If I just listened to what companies said when I conduct research on them this site would be full of nothing more than useless marketing spiel.
Have a look at the Speak Asia compensation plan. They pay virtually nothing on surveys and all the real income is solely on the premise of recruiting others to join and do the same. Regardless of what they state their stand is, this is the heart of Speak Asia’s business model.
Bullshit. When I reviewed them back in March there was no mention of any of this (and they’d already been in operation for months at that stage) . All of these announcements were made post regulatory investigations.
There is no ‘smart legal thinking’ to skirt the pyramid scheme issue. Either you run a pyramid scheme or you don’t. Speak Asia has been running a blatant one since the start.
Regarding Reliance, I have no idea what or who they are. But unless they use a recruitment driven pyramid scheme business model, your comparison is a waste of time.
Unfortunately the Indian government can’t do anything about money siphoned off to Harendar Kaur’s private bank accounts in Singapore. That money is gone.
As opposed to letting Speak Asia continue to draw even more people into its web? Every person that joins has to go and recruit more people if they want to make any serious money and this sustainability problem compounds itself with each new person recruited.
Today it’s two million, fast forward a year and it might be 4 or even 10… you think it’s messy now? Try cleaning up after a scam that’s drawn 10 million people into it.
Not sure if any of you have spent time in checking Mr Kumar out, he has been the MLM biz for over 7 years now, this is is Avatar 4 as much as I remember. I am surprised that not much intelligence has been unearthed…He was behind all te time, claims only took over since May 15…check out the Goa trip videos, , he was on … Sad that people have sunk money into this, but Greed is a known sin, , pay 11K and get 52K is a great temptation for all who know little about finance… India has always been patsy for such deals, in the south the call them ‘blade companies’…in mumbai we have seen similar ‘ponzi in the guise of business’ before, anyone remember Suman Motels, , fancy returns promised, not sustainable as the new recruits always taper off after some time and cheques start bouncing… Good Luck to those who lost, may you learn from experience…
You guyz still not understood the speak asia. Speak Asia is not a MLM company. You need to appreciate the business model of Speak Asia. This is the game of some hidden mathematical calculations.
Speak Asia is running with 5th P of marketing which is Precision. YUG company is investing money with Speak Asia or you can say YUG is the sister company of Speak Asia. This business model called consumer empowerment.
The First phase of business is the investing period for YUG. YUG is paying all the money for surveys. I have seen YUG products in a video. These products are wonderful.
One more thing is that Logically Speak Asia is giving 200/ survey as I said there is some hidden calculation. Everybody is thinking speak asia is paying Rs. 500 for a survey but logicaly Speak Asia is giving Rs. 200 per survey. I am a MBA marketing student and I have done a research on it. Believe me… The best business model I have seen.
Now Speak Asia is in second phase of their business model. There are multiple system of earning money with speak asia like product commision, product refferal, Subscription Pins, and more option has to come in future.
We are 20 lac panelist… Suppose on average if every panelist refer one product to his friend or some other person it will be huge benefit for speak asia. Suppose average price of total refer products is Rs. 10000.. Now you can multiply 20 LacX 10000… This is the power of consumer empowerment….
Note:- They have told their future business plan in a TV show 3 or 4 months before the investigation. I have seen the Video of YUG Products and these products are amazing…
@rohit sharma — are you reading from a Speak Asia script? it sure sounds that way. All those buzzwords! “Consumer empowerment”, “phase of business”…
If you deny that SpeakAsia is a MLM, then its recruiting model leaves no doubt that it is a PYRAMID SCHEME, which makes it 100% illegal. If it is an MLM, there is a chance it could be somehow legal.
As for you proclaiming brilliance in its business model… It is indeed brilliant… as a SCAM. First they suck you in with false promises of surveys and riches through recruitment. Then with one announcement they say we’re not paying money, we want to you spend on some junk we want to sell you instead. They turned you from earners into SPENDERS.
You call it brilliant, I call it recruiting under FALSE PRETENSES, or bait-and-switch, which is fraud.
And you haven’t even TOUCHED A PRODUCT or know the products actually existed, and you already claim it’s amazing. Mua-ha-ha-ha-ha!
Sorry, but your perspective is that of a cheerleader, not an analyst.
And why shouldn’t a pyramid scheme be stopped in its tracks?
Colombia in 2008 had several pyramid schemes that involved up to 10 MILLION citizens. DPRE had up to 6 million members, and DMG had a bit less. Government bit the bullet and shut them all down in one day. People rioted in the streets and some even staged a hunger strike saying things like “We believe in God and leader of DMG”. Sounds familiar? It’s what SpeakAsians are doing right now.
Or take what happened to Albania in 1998… CIVIL WAR caused by pyramid schemes. Up to TWO THIRDS of the nation was involved in one or more of the schemes. When it collapsed, the government went under and the subsequent fighting killed over TWO THOUSAND PEOPLE.
You want India to end up like that?
@K. Chang:- I think u have seen so many scams thats why u r not try to understand the business model of speak asia. Do u want to know YUG products.. Here is the link…
I hope your view about the company will change after this.
I have never seen a honest company like speak asia. Speak Asia has written a letter to RBI that Speak Asia want to give money to the panelist. Plz allow us to open a bank account. We have to pay our all the panelist.
Speak Asia is not running with few members. They have thousands of employees all over India and more than 24 lac panelist in India. You are analysing it with negative mind set. Speak Asia falls under all the laws in India. They have not done anything wrong. Mr. Tarak Vajpayi will be released soon because Mumbai Police unable to find any proof against the company till now.
My dear friend you have said that I am talking like a cheerleader. I just want to say wait n watch….
You will come to know everything about the company.
Then why do they have an MLM binary in their compensation plan?
Proof?! Nobody seems to know anything about this Yug company.
No. The first and only phase of the business has been to scam as much money out of members with a recruitment driven business model.
Given that nobody has personally seen or used any Yug products to date (Speak Asia can’t accept payment for them nor pay their distributors), how on Earth can you claim the products are wonderful?!
Er, none of this goes anything beyond a promise! Speak Asia are still running their original recruitment business plan – there are no product commissions, referrals or any other options currently available to members.
If anything, the second phase of the busines is trying to convince everyone that a pyramid scheme business model is somehow legitimate so that they aren’t declared an illegal business operation.
This doesn’t seem to be going to well for them.
Proof? That video you uploaded was done so on the 4th August and looks to be from the Goa conference. This conference was after the first investigations into Speak Asia were announced.
Paying the panelists for what? Recruiting more panelists? What about the new panelists, they then have to go out and recruit more panelists if they want to make any serious money and this is where the problem lies.
The accounts are not going to be released while everyone can see that in doing so the Speak Asia pyramid is going to continue to grow expontentially and ruin even more people’s lives.
So they haven’t done anything wrong… but the Mumbai police have found proof of something… and for some reason this means that Bajpai is going to be released.
They’ve remanded him in custody till the 12th for a reason. It’s not an indication that he’s going to be released anytime soon.
What it proves to me is SpeakAsia would rather spend money making videos instead of paying its panelists. They made that funny “snakes and ladders” video too. How much do you think that cost? How many panelists would that have paid?
Given that they’ve already broken their promises SEVERAL times already, this is just another promise I wouldn’t care to accept without seeing some REAL proof, and a video doesn’t prove anything.
Then why did they wire transfer 100 million USD to Singapore? They could have paid you all with THAT money, couldn’t they?
And what exactly does that prove? Bernard Madoff had staff of thousands, was one time chairman of NASDAQ, and have clients from European royalties to the richest people in the US. He’s a fraud. Why can’t SpeakAsia be fraud, given that it had broken so many promises already?
it’s called rational skepticism. We are skeptical of claims without proof. You, on the other hand, have FAITH. You believe every word they say despite broken promises, because they made even MORE promises to cover the previous ones.
EOW, CID, RBI, and various other agencies would like to differ, and they know laws far better than you. All you have to go on is faith.
And this is based on what, exactly? More statements from SpeakAsia? Or more blind faith from you?
My dear friend you have said that I am talking like a cheerleader.I just want to say wait n watch….
You will come to know everything about the company.
@K. Chang- I have a question from you….
You have said a video can not be a proof for YuG Products..
Here is the link of TVC website..
You can see that YuG mobile is here for sale… Now.. what u will say about this..
TVC is the big name and they are showing YuG mobile on Sale..
Well… whatever u think about the company thats your matter..
I am proud to be Speak Asian..
The fact that Yugs products appear on other websites pretty much negates the exclusive partnership between Speak Asia and Yug does it not?
I believe we can put the investment rumours between Speak Asia and Yug and allegations that Speak Asia own Yug to rest now.
Yug appear to be nothing more than drop ship manufacturers securing rebranded Chinese made goods.
@Oz- Neither u have any proof about the products nor I have… TVC website shows that the mobile made in japan… So,don’t be confused by thinking too much…
Do u know Speak Asia had organized Gen X Market where many brands sold their products and payments made by Reward Points by panelists. Speak Asia earn huge commision from the brands.
I want to tell u guyz few more things about the business model of speak asia… Do u guyz know what precision marketing is??
Here is the Link…
This will help u out to understand the business model of speak asia… As I have told u before speak asia is not a MLM company…
@Rohit Sharma — all you’ve done so far is provide SPECULATION. The only thing you dug up actually DISPROVE the alleged “exclusivity”.
Do you enjoy ‘shooting yourself in the foot’?
As for “precision marketing”, this explanation was not offered until AFTER the TV investigation report a few months ago.
Are you REFUSING to see the lies SpeakAsia told before the TV report exposed it? It certainly looks that way.
As for TVCSkyShop… registered by
TVC House Khandwala Center,
Daftary Road, Malad (East),
Doesn’t really prove anything, does it?
Search through German websites don’t show such a company either. In fact, the ONLY pictures that seem to prove the existence of this company is at an UNKNOWN trade show somewhere in INDIA!
As for the phones and stuff listed on TVCSkyShop… all photoshop’ed images.
The alleged Android phone? manipulated by cut/paste images from iPhone 4 and other Google Android phones.
(Hint: look through “Error level analysis” and you’ll see the cut and paste boundaries very clearly: )
You can see the screen image show completely different error levels, as do the “logos”. In fact, the two extra buttons don’t even line up right! They should be tilted, but they are perfectly STRAIGHT!
You’ve been fooled with Photoshop!
@Rohit Sharma — I noticed you never answered the questions that was raised above.
* Why was $100 Million USD transferred to Singapore?
* Why do you insist that SpeakAsia is following all laws even after members were arrested and charged with fraud, and is being investigated in multiple provinces, by multiple agencies?
* Why do you ignore the sudden change in direction of SpeakAsia’s alleged business model?
* Why do you insist YuG products are real when nobody NOT related to SpeakAsia or YuG has yet to see or touch one?
* Why do you insist the iPhone 4 clone is made in Japan when it’s clearly a Chinese Gooapple with the YuG logo Photoshop’ed onto it?
Mate until Speak Asia actually change their compensation plan – they are still a MLM company.
Unconfirmed / uncited rumor: CID to take over custody of SpeakAsian arrestees
Shyam and Breer runs a fervently anti-MLM blog. They sometimes have good info, but they don’t cite their sources that well, and their gradiose writing style is a bit grating.
Times of India reports that over 100 complainants have added their names to the FIR against Speak Asia. Also, the company was spreading rumors that the COO and others were released after questioning.
the TOI report is pure fabrication .The EOW called the franchisees of SAOL to their offices,grilled them for several hours,took their statements and are calling these statements complaints. All the franchisees spoke glowingly about the company.
These reports are being put out in the press to try and stymie the growing unity of speakasians. PIL’s are being filed in various courts and signature campaigns are being held by speakasians.In pune 12000 signatures were collected in a single day. motorbike rallies are being held in several cities.As far as kashmir and shillong people are staging dharnas in protest.
The mumbai high court extended the custody of tarak bajpai etc because the EOW had been unable to to formally charge the company with any wrongdoing.they begged the court for more time and speakasia’s lawyers tore them to shreds in court.The EOW also disabled the website for a couple of days found nothing to complain about and had to enable it again as SAOL lawyers threatened to take a restraining order against the EOW from the supreme court so they buckled down.
The only complaint they have been able to formally charge the company with is that they are not paying their panelists from may:buts that’s only because the bastards have themselves frozen SAOL’s accounts.
@anju — so not only do you accuse the newspaper of lying to the public, you accuse the government of lying to the public.
Have you ever applied “Occam’s Razor”? Which is more likely, both the newspaper AND the government lying to you and the nation, or just SpeakAsia lying to you and the nation?
Given the past track record of SpeakAsia… My choice is clear. But you are welcome to form your own opinions.
As for frozen accounts, there were SEVERAL WEEKS where the accounts were NOT FROZEN. Instead of paying you, SAOL chose to transfer the money out of the country to Singapore.
And now you blame the government for not getting paid when SAOL clearly had plenty of time to pay you.
Are you dealing with facts, or just the load of fiction and promises SAOL gave you?
SpeakAsia people claimed YuG products are manufactured by Chinese company HiSense
Yet to see any proof, but that’s the current claim. German technology my ***.
SAOL used a seamless banking system when their account was operating in Singapore.To set up such an account for around 1.5 million accounts takes 4 to 6 weeks.They were half way there when their accounts were frozen again.They moved the money out again I repeat to keep it safe.
They have recently written to the RBI pleading that while investigations can continue they be allowed to operate their accounts and pay their panelists. As of now there is only 137 crores in the frozen account which is an iddly piddly sum.
If SAOL has really siphoned off so much money and they have an intention to cheat they could have disappeared quietly when the ruckus began .Manoj Kumar informed us via a pop up on their site that they feared they would be arrested in spite of repeatedly asking for an audience with the EOW to explain their case.
What makes you think that the media is sacrosanct and will report truthfully.they mostly do just the opposite and mimic the position of their political bosses.TOI reported that about one hundred people gathered outside the EOW office to show solidarity with SAOL.LIES.I was there and there were over two thousand people who stood quietly in protest .
A few spokesmen presented our side of the story to the senior inspector in charge and everybody dispersed quietly.Today we are holding a press conference ,tommorow we have a peaceful protest rally at Azad maidan where we expect at least 10,000 people to attend.We are educated Indians we dont go on rampages we will protest calmly and with patience until we are heard.
SAOL said YUG is a german company they never said the products are manufactured in germany.Today more than half of the worlds white goods are manufactured in china, india indonesia , korea etc.Nike shoes are made in india ,polo shirts are made in india but nevertheless these brands remain American.
For that matter many electronic Indian companies have their goods manufactured in China.Hisense is a listed company on chinas stock exchange.It is a huge company not some shady workshop in some jungle in china.
Listen just because you think SAOL is lying about products doent make it true. The first lot of LED TV’s are lying at mumbai port .
I have seen the landing bill but I don’t know how to put the link here.
You only need ONE account to pay people, not 1.5 million accounts. You are making up BOGUS excuses. They had THREE TO FOUR WEEKS to pay people from that ONE account. Your explanation is complete nonsense.
So you’re saying because they didn’t run, they are not crooks? It sounds to me they are STUPID.
Where is Haren any way? Nobody had heard anything from her other than untraceable statements. What is the INDIAN CEO doing in Dubai any way? Shouldn’t that be the GLOBAL CEO’s job to go there? Is Indian CEO going to do Osama Bin Laden style video messages from now on?
What made you suspect the media do NOT report truthfully? Has Indian media have a history of lying for the government against certain companies to lead you to this conclusion? If you doubt the media this way, why do you NOT doubt SpeakAsia? Who has lied more often, the media or SpeakAsia?
Thus far, I’ve yet to see any OFFICIAL announcement of this company called YuG in Europe or ANYWHERE else. Where is the corporate HQ of YuG? Where is its website or corporate records? Does this company actually EXIST besides a couple pictures probably from a trade show?
All sort of YuG announcement said “German engineering”. It sure IMPLIED German manufacturing and/or German technology.
No European company would use the term “YuG” because Yug in Europe is an abbreviation for Yugoslavia. It is far more likely this is an Asian company, probably Chinese or even Indian.
I didn’t say SAOL is lying. I said there is NO PROOF they are speaking the truth. With the amount of lies they have told and recanted later, I want to see PROOF before I believe what they said. In fact, I wonder why you continue to believe EVERY word they speak WITHOUT verification.
Documents can be faked, modified, and so on and so forth. I believe MoneyLife India recently highlighted a company who faked a RBI certificate. Products actually on display can’t be faked. (though they can be misleading, but that’s another problem altogether)
After all, don’t YOU want to see the products, instead of just more promises?
Speakasiaonline pte. Ltd, singapore (saol) is a unique web 2.0 company that empowers 1.9 lakh consumers to create and use their collective bargaining power to get unprecedented price advantages in goods and services procured through our portals.
The only comparable success in India is the unrelated Echoupal Which provided an improvement in the livelihoods of lakhs of ordinary indian farmers through its portal.
With 19 lakh strong panelists and promoted from an indian origin, that seeks to remind the world, that the future of the 21st century is asian, with its epicenter in India.
Online business portals without a pe in india have been legitimately doing business in india since 2000. The largest global, professionals community portal, which is also a web 2.0 “freemium” model is Linkedin (unrelated) and they have approximately 900,000 indian subscribers, who enlist either free or paid.
Subscribers also participate in polls and carry out other crowd sourcing activities. Linkedin set up their Indian pe only in 2009 after they had lakhs of subscribers from India.
@Rohit Sharma — don’t you have some ORIGINAL to say, instead of being corporate parrot for SpeakAsia? or do you take the term “SpeakAsian” that literally?
You don’t earn anything via LinkedIn. Thus, comparison to SpeakAsia is a BOGUS comparison.
EOW and Indian Police arrest Kumar’s associate in a company called Tulsient. They apparently process a lot of SpeakAsia’s payments.
Citation? Stop talking out of your arse and back up your claims.
aaaaaand none of this changes Speak Asia’s pyramid scheme business model. So who cares?
Once again, citation???
Well, that and the blatant pyramid scheme business model Speak Asia utilise.
Mate we’re long overdue that timeframe. And why do they need 1.5 million accounts? They are paying out to private and business accounts aren’t they? You only need one payout account to manage that.
Half way to what? You don’t need an account for each member, just one to pay them all out of. This can be set up in no time and the funds distributed accordingly.
A banking system might take longer to set up, but nobody put a halt on that – just their bank accounts.
And haven’t they done just that?
As it stands Speak Asia global CEO Harendar Kaur is in hiding. Speak Asia Indian CEO Manoj Kumar is also in hiding, allegedly in Dubai.
Both are wanted for questioning and despite Kumar assuring panelists he would ‘join them’ in Mumbai by the end of last week, he was a no show.
Why? Because Bajpai is still in custody and he knows if he shows his face in India he’s going to be arrested for being involved in running a pyramid scheme.
The money is out of India, those running the scheme are out of India – the only people left in India are the suckers who bought into this nonsense.
No he didn’t, he said to everyone he’d be back in Mumbai by the end of last week and failed to show. If Kumar wants an audience with the EOW all he has to do is jump on a plane to India, whereupon he’ll be promptly arrested and free to have this audience he so desperately seeks.
Because they are accountable for what they publish. It’s not foolproof but in the case of Speak Asia, the writing is on the wall and what is being reported is a predictable series of events which usually plays out all over the world when a pyramid scheme goes bust.
Who cares?! Protests, petitions, rain dances – NONE of this changes the pyramid scheme business model Speak Asia operate on.
See above. It changes nothing.
HiSense is just another economy level Chinese manufacturer whose products have a shelf live of 12 months or less. These companies just copy tech from the industry innovators and knock subpar clones as discounted prices. HiSense are part of a much larger sector who engage in this.
Your goods might look shiny but under the hood it’s mostly garbage.
Irrelevant and does not change the fact that Speak Asia are using a pyramid scheme based business model.
No they aren’t. Go have a look at their website and business model.
Speak Asia are one of many online pyramid scheme companies who members must pay to join and are awarded negligible commissions for completing surveys, and (in comparison) potentially huge commissions for recruiting others to the scheme.
This is and has always been Speak Asia’s business model since they opened. Until it is changed it is what it is.
1. LinkedIn sell a service.
2. Do you get paid commissions for recruiting new members to LinkedIn?
Stop comparing apples with oranges, it does nothing to legitimize Speak Asia.
I love how Kumar is named as a partner in Tulsient, they are all in it right up to the top it’s hilarious.
Bajpai’s (Vajpayee’s?) house was also raided yesterday in Indore.
With today being the 12th and a decision to be made, it’l be interesting to see how things play out.
pyramid schemes are not illegal in india.
That’s no excuse and doesn’t negate the massive financial damage pyramid schemes can inflict on people.
Beating your wife isn’t illegal in some countries either, but that doesn’t make it right or justifiable.
I don’t think it is less painful in a country where beating your wife is not illegal. Actually, the potential damage is much higher when there is no law to forbid it.
A gouvernment can choose not to forbid pyramid schemes, but a gouvernment can’t change the mathematical laws that dooms every pyramid scheme to collapse.
I don’t avoid pyramid schemes because they are illegal, but because I don’t want to loose my money or earn money by making other people loose their money. Simple as that.
keep you stupid grandiose ideas to yourselves.If we really need a law ,we need to make one to make guys like yourself SHUTUP. dont you dare make choices for us. You dont believe in MLM or pyramids or speakasia so DONT.But quit behaving like you have the right to the last word on them
.AHEM!BREAKING NEWS!The mumbai high court refused further police custody of all speak asias officials.They have been remanded to judicial custody till the 16th as there are holidays here in india. on the 16 th they will get bail. The court scolded the EOW and told them not to waste the courts time on frivolous cases.
The court also agreed that speakasia may have some vested interests against it going by the way the eow pounced on them but could not give a shred of evidence.HURRAH!!IT’S PARRDDY TIME!HIC!
Yipeeeeee….. We have almost won… Court rejected all the complaints & report of EOW…
Folks, sad to note quality people falling prey to ‘easy money’.check Tulsient out, check its news update, last updated 2004… shell company, check Manoj out, he was last peddling another mlm called ‘mango’, check what Manoj was doing immediately before Speakasia, if it was Tulsient, , apart from a vison statement, one had hardly heard about this company neither in IT as it claims, nor in ‘white goods’…
Hope for your maney back is in vain, please dont blame the government or the media or those like us, it was unviable, face it… tough luck.
You have to keep in mind that India LEARNED MLM from its inventor… Amway. So you’re already behind. US have laws against abuse of MLM since 1970’s. So you guys are horribly late.
Do I sense desperation in your repeated demands to shut up? Did you hear something you don’t WANT to hear?
I’ll reserve judgment until I see some REAL news, rather than someone who can only repeat the “party line”.
Stopping people from participating in unsustainable pyramid schemes that only benefit those at the top is a ‘grandoise idea’ now?
Mate your attempts at polarising the rich and poor are complete fail.
You need to go back and look at your chit law. It clearly prohibits pyramid schemes in a money game sense.
Sources: OneIndia and Indian Express.
An additional arrest was made and police are further investigating. Enough with the ‘they are being released’ bullshit from distorted reports from Speak Asia members who attended the hearing.
Real news is here: what the courts rejected was a different police department requesting move of custody. It apparently was NOT about to release the perps. Who’s spreading false information?
What planet are you on? Are you actually reading the news or the rumors spread by SpeakAsia forums?
All Idiots! Useless People, don’t you have other work to do? Go & do your work, don’t waste your time unnecessarily here.
i’m saying this to both parties – who is showing their opposition to speakasia & also who supports speakasia,
instead of doing that work write something useful about regulations what govt. has to pass to legalize MLM or stopping all frauds if it’s really needed in country like India.
Is speakasia real or a fraud? law will decide that, you people can’t decide and all your comments or whatever voice you are raising here will just stay as impotent crap! adds nothing to the govt. or speakasia.
If what speakasia did is a scam all these days, then what about other companies who did real scam & cheated lakhs & lakhs of public in India? Huge list is there, no company ever has come into the picture directly who has done this much of scam in indian history of frauds?
What hell you people are discussing here..? What court told? What EoW told? What speakasia told?
one person is telling finally speakasia lost? ha ha ha – what does this mean? – idiots, sitting in a room & writing whatever scrap comes in your mind, does it has any meaning? who will hear your voice?
really you want to do some public service get into the action, this country is polluted with a lot of pollution everywhere, do your work by taking some useful steps instead of passing comments like that – useless tit for tat comments!
Bull Shits! (particularly those persons with the name K. Chang & Oz)
Whats with the world these days?Its not enough that we have reverend chang and earboxed sermonizing and moralizing , now we have ditsy uncles traipsing in and shooing us away .
HELLO! uncleji why are you sitting in a room reading our intellectual treatises?You should be out and about sweeping streets and feeding strangers.WHY does EVERYBODY want to PREACH?To EACH her OWN-I say. LIVE and let LIVE-I say.SO and and so FORTH -I say.And to piss off uncleji further I dedicate this ditty to ditsy-
HO HO HO and a bottle of RUM
HA HA HA on the EOW SCUM
A big fat KICK on kirit sommaiyas BUM!
I got this news from Zee Business that Arrested people out of EOW Coustody… Court has rejected all FIR againsr Speak Asia…
No you didn’t.
Here’s a complete list of articles on Speak Asia on Zee Business;
Stop making up lies.
Meanwhile anju sounds like he’s losing the plot.
So long as what you’re doing is legal of course… and running pyramid schemes is anything but.
You’re one one who’s sermonizing about how SpeakAsia is great and fabulous and all that. I merely advocate caution when it is regarding a company who had PUBLICLY RECANTED ITS OWN BUSINESS MODEL.
You also persist on blaming someone else for your own lack of evidence to prove your own side of the story. When you ran out of arguments, you do a reality inversion: instead of you sermonizing how SAOL is, it’s everybody else who’s sermonizing you.
Really, you claim to say this to both sides, and at the end you consider the “opponents” of SpeakAsia to be bull****? Some “neutral” guy you are. You posted here too. What does that make you, contributing even more bull****?
“Don’t you have something better to do” argument is so lame, it’s not even relevant. If you don’t have something useful to say, I recommend meditation.
@ K. Chang
what you are asking me here? one thing i can understand you want me to do meditation or asking to write something against speakasia & speakasians, ok – what to tell about speakasia yaar, i won’t belong to that community, i don’t know much about that either, only one thing i know is that it is already in ‘coma’ stage.
You people are beating / hitting / lashing / whipping a dead snake, what hell i have to talk about those fools who use to teach people who already knows about speakasia & taken the risk themselves by knowing each & everything about the concept,company & the scheme.
do you think you people are teaching them & trying to convert them by giving advice? do you people can convert them? what is the use for you?
i suspect you might get some remuneration for doing that or is that all paid-posters whatever you write here against speakasia & speakasians? that’s why i said Bull shits, i will say more bull shits again if you do the same again here..!!!
stop & do other work my dear friend, case is already in the court, which is in final stage..!!! U r not the court, i say???
@Md Raihan — ah, there you go with your true agenda, accusing the people who denounce Speak Asia with “hidden agenda”!
You are accusing people without evidence. I recommend washing your mouth with soap.
The courts are hardly in “final stage”. There’s cases pending in various Indian provinces initiated by various departments.
No they don’t know everything about SpeakAsia. Even if they do, they rationalize it away with BOGUS reasons, as it had been demonstrated here on this very comments page. One have claimed to have read news that does not exist. The other claimed “total victory” when there was no such thing.
So they are “beyond salvage”, is that what you’re saying?
THEY are the ones that won’t shut up.
THEY are the ones holding demonstrations in the streets in India, petitioning government officials to leave the company alone, etc..
THEY are the ones who insist government is the evil entity that won’t allow SpeakAsia to pay them when it is SpeakAsia that funneled money OUT of India.
THEY posted fake pictures of that alleged “YuG phone” (which is Photoshop’ed ™ from iPhone 4)
THEY committed too many other illogical activities to count.
And you said we are wasting our time speaking out against this colossal scam?
YOU are the one that’s not relevant. As I’ve said before, you added nothing to the issue other than offhand comment that the whole thing is in ‘coma’ stage. I don’t even agree with that, in fact. I think it’s in the throes of violent seizures.
My swashbuckling hero Tarak Bajpai and all his five associates[including Rahul Shah ]have been granted unconditional bail by the Esplanade court.EGG ON YOUR FACE!
So what? You do know what bail is don’t you…? It certainly doesn’t mean anybody is innocent.
Also is there an reputable source citing this or is this Speak Asia supporters just sprouting more crap again?
@anju — Only hardened criminals are not granted bail, or people who are “flight risk” (i.e. may flee the country). Their passports were confiscated.
Don’t claim victory yet. It’s not indication of not guilty. It’s indication of “not guilty enough to keep them in jail until trial”.
Unless, of course, you’re a SpeakAsia who must hang on to every bit of “good news”, even if you have to spin it dizzy.
Bit far from unconditional don’t you think? This is why you don’t believe anything Speak Asia supporters say until there’s reputable proof.
Next hearing after bail was the 18th, wonder how that went. Also I can’t help but wonder how much of the panelists money that was sent to Singapore is being used to fund all of this. Even if they do get off there’ll be nothing to pay out to members anyway at this rate.
Well one thing to notice… both Manoj Kumar and Haren Kaur.. are not full names. They are damn common names. U’ll find millions of people with the name Manoj Kumar… and millions of girls who has names as Haren… and in sikh they by default add kaur with their names… so its quite easy for these guys to go underground.
I suspect that these are their real names….
@riyfkm — sort of like American “Smith” and “Jones”, and Chinese “Chen”, “Lee”, and so on, eh?
@ K. Chang,
Last names used in India are related to Ethnicity. So based on the last name one could find out from which region of India that person is from. And Kumar means boy. Anyone could use it with their name.
You could relate it to Lee in China. People use Lee as last name as well as first name. So if someone calls himself Mr Cheng Lee, thats damn common name. Thats why people have their middle names as well.
Also in Sikh religion, all girls have Kaur attached with their names which means princess and boys have singh attached to their names.
So there would be millions of girls whos name would be Haren. And by default all of them would have Kaur added to their name. So here Haren Kaur is not even using her full name. And who knows Haren Kaur is her real name??? Same with Manoj Kumar.
Just go to Facebook and search for Manoj Kumar… U’ll get the answer.
Sorry .. last message was supposed to be for another site… multiple windows/cut paste… goof up
@riyfkm — It is nonetheless useful. Thank you. Wonder what is the meaning of Manoj? Can he be related to “Boy George” (Culture Club singing group)? 😀 (just kidding)
Why to waste time on this poor soapbox guy??? hez another person to Misguide the real SpeakAsian.
Get a Life Buddy, we are more Brilliant than you silly thing.. get lost………
Oz has to grow up still, u can go teach ur family members if anything u need to say about SAOL and not here………
We very well know after waiting and watching and one final day SAOL wins, u will shut ur mouth and fall down to our feet for ur mistake, the day is very near, r u ready to fall on our feet Mr. Oz or whoever u are ???
Update From All India Speak Asia Panelist Association with some inspirational videos of SAOL.
HERE IS A VIDEO WHICH WILL INSPIRE YOU TOO MUCH ABT OUR LEADERS WHO ARE FIGHTING FOR US IN THIS CRITICAL MOVEMENTS..
and please read the message forward by AISPA updates of saol.
SPEAK ASIA ROCKS AND WE SHOULD BE PROUD TO BE A SPEAK ASIANS …
That video is hilarious – thanks for sharing. Not as cheesy as the torchbearer video but an excellent example of the demographic Speak Asia members are targeting.
Bajpai a hero, lol.
Grow up? Are you suggesting that it is only with senile old age that pyramid schemes somehow become attractive and legit?
As for family members, what do they have to do with Speak Asia – none of them are in it.
And that is where we differ. Unlike you, I have no vested financial interest in Speak Asia. If Speak Asia are cleared then I will report it and move on.
Given their business model however, I’d be very surprised if they are cleared without some serious changes/penalties pending. Why do you think your CEO and global CEO are hiding out in Dubai?
No amount of pleas or silly letters to the RBI are going to release the funds held by the government. Not withstanding the near quadruple amount that Haren Kaur syphoned off to Singapore which could have been used to pay panelists, but wasn’t.
The government won’t permit Speak Asia to operate financially while there are investigation outcomes pending.
If Speak Asia pay panelists, what do you think will happen? Members will go out and try to recruit even more people into the scam. If the investigation outcome is pending and Speak Asia lose – all of a sudden you’ve got 1.9+ million people blaming the government for encouraging Speak Asia to continue operations by allowing them to operate financially.
Also there’s no guarantee that if funds are unfrozen that Speak Asia will pay anyone. Harender Kaur had the accounts unfrozen before and instead of paying anyone she opted to transfer 100 million USD out of India to her private interests in Singapore instead.
Speak Asia management have proven they cannot be trusted. This is why bank accounts are not going to be frozen until one way or another this is over.
Of course they are safe and sound. With Kaur and Kumar having both completely abandoned Speak Asian members by hiding out in India, they assure their own safety but at the same time destroy the credibility of Speak Asia management.
Tarak Bajpai is their fall guy, if he goes under you can be rest assured we’ll never hear from Kumar or Kaur again. If he’s cleared Kaur and Kumar will immediately fly back to India, declare how they were ‘always with Speak Asian members in spirit‘ and resume fleecing Indians of millions.
If Speak Asia’s management had an iota of credibility they’d be the ones facing regulators in India, instead they choose to hide out living it up in Dubai. And hilariously we’ve still got die hards who simply refuse to believe they’ve been taken for a massive ride by these two clowns.
No amount of patience or unitedism will win as long as Speak Asia operate on a pyramid scheme business model. Failing mass incompetance by the regulatory system of India, this is the roadblock that will be the end of Speak Asia.
As i already told you all real SAOLs that Oz is another crap. See his interest on commenting then and there even though he dont have vested interest……….hilarious thing….get a life buddy……. we are not listening to u anyway……….
He himself said if SAOL wins he wud report and go on, then prepare ur report now itself, why trying all these craps or even instead of wait and watch ??
For Real SAOLs: Our CEO and chairperson are not hiding anywhere, we have to listen to the advocate for every steps taken by the company. That “Funny Thing” said that they will come when SAOL is cleared, yes thatz right because they dont want to get into political game here and there as our COO is suffering right now.
The “silly thing” family members are not in SAOL, then for whose sake hez taking so much interest to educate SAOLs ??? Hope he would have got money for it from other “Funny Stuffs” — aaaaaaaaahhhh…………. again we are not listening and we are not a Slave like you………….We know very well “stuffs” like you wont have peace in heart throughout ur life……..being slavery….
if u going on comment like this, then surely u can count ur days because u r against 20 lakh honest people……. We have already seen people like kirit somaya and now he is silent and u “silly thing” can’t even give out ur name properly (another crap), what the Hell u can try now against real SAOLs ????????
Well, if you say so. You heard it first here folks, I’m ‘another crap’.
You’re confusing a vested interest in Speak Asia and a vested interest in BehindMLM. I run BehindMLM and as such why wouldn’t I reply to feedback on articles I’ve written here?
You on the other hand have a vested financial interest in Speak Asia. As such you’ll sprout whatever nonsense you can all over the internet in an attempt to prove the company’s legitimacy.
See the difference?
Because then I’d look as ridiculous as all the Speak Asia members running around all over the internet shouting half truths, misinformation and made up stories. The Speak Asia business model is a pyramid scheme and I have severe doubts they’ll make it through the Indian legal system unscathed.
Sure they are, they’re hiding in Dubai.
Having your company face regulatory authorities because it’s a pyramids scheme is not a political game. It has the potential to permanently declare your business illegal and shut it down.
Yet, because they don’t want to be arrested and interrogated, Kumar and Kaur remain at large hiding out overseas. You can dress this is up however you want it but it is what it is. Two fugitives in hiding wanted for questioning in India in connection to a pyramid scheme they’ve been running.
BehindMLM covers MLM, Speak Asia is a MLM company.
Who’s working for a company that hasn’t paid anyone (except its executives) since May? Working for free… isn’t that the definition of a slave?
And you can all me all the ‘silly thing’ Indian engrish names you want, it doesn’t change the fact that Speak Asia are running a pyramid scheme business model and will likely not make it through the current legal action being taken against it.
@Jai — he owns this website. Of course he can comment on it. He can even ban you if he decides you’re too much ****. 😀
Your CEO is brave enough to send his own family home to India where they were taken into custody by EOW, but he’s not brave enough to show up himself. This was reported on SAOL’s various forums. Explain that, eh?
Your CEO must be preparing another video in a cave like Osama Bin Laden.
Hey K Chang & Oz…
I found another MLM/Pyramid starting… http://www.goldentriangleservices.com/
Website looks cool… but again.. no physical contact info, nothing.. and pure pyramid… could be linked… LOL
@K Chang & Oz …
SOAL Panelists are a perfect example of “Living in Denial”.
They or their friends have lost money, and they also are worried deep inside their hearts, but some SOAL cronies will brain wash them, assure them and keep them in that state.
Simple fact, they say SOAL is about consumer empowerment and precision marketing. My Foot. India is a country of 1 Billion + people. What could a personal opinion of 2 million do here? Also I believe single panelist could pay more money and get multiple ID’s. So a single person will survey twice and earn twice that money, is this called valid survey… LMAO….
They say they surveyed for Nestle, Bata, etc… these are FMCG companies, and their target is 1 Billion + Indians, what will some unscientific survey related to it will mean??
Lets say Bata, how many people out of that 2 million would’ve actually used a Bata shoe to comment on it?
Even if you ask them questions, they’ll give you the funniest answer, and its cool to read them (As they say Laughter is the Best Medicine)
So SOAL Panelists are always Living in Denial,
1) For fear of being ridiculed by everyone
2) For fear that if they show discomfort in their face, their subordinates or people under them in the binary format will screw them
3) For fear that once they exit, they’ll never get their money back. And in case they land up with the Law, no one would be there to protect them.
Yeah that Golden Triangle Services opportunity looks pretty shallow. They claim to be a US based company, yet they are in prelaunch in India and seem to be using an Australian based domain privacy agent.
No information on their contracted clients or who’s running things.
@ oz … The Golden Triangle Services doesn’t just look shallow…. it is SHALLOW ..
And IT IS A PONZI SCHEME.. no doubt about it…
Update from CorporateFraudsWatch… It appears that Pradesh court have rejected SpeakAsia’s request to dismiss the public interest lawsuit, and also lifted a previous court decision that stopped the police from arrested more SpeakAsia “leaders”.
CFW is one of the parties in the lawsuit and have filed several affidavits so this appears to be direct reporting, instead of through a newspaper. Unfortunately there’s little third-party confirmation of this.
Ah, here’s the confirmation: the suit is filed by CID and CFW’s affidavit is probably an Amicus briefing.
The net widens. Another paper confirms that now CID can arrest EVERY employee of SpeakAsia if need be.
Which reminds me… Jai have demonstrated why SpeakAsia is now officially a cult: calling non-believers (of SpeakAsia) doomed as wage slaves and serfs to big corporations.
Only believers of SpeakAsia will be ‘saved’ and on the path of prosperity and so on and so forth. All hail the leader (and death to all enemies of SpeakAsia).
After boasting & bullying soo much everywhere about SpeakAsia.. .. These SpeakAsians are kinda stuck.. if they admit that they’ve been fooled… then they’ll be ridiculed by others (Twice as much as they Boasted/Bullied) …
So they have no option.. but to Shut their senses and be with SpeakAsians… LOL
Thanks for the updates Kasey. Just published a new article addressing the court action today, along with AISPA spokesperson Ashok Bahirwani’s ‘furious’ response.