Speak Asia CEO Manoj Kumar surfaces in Abu Dhabi
Something about Manoj Kumar’s video appearances have always struck me as odd. Simply put, he just doesn’t have any natural on-screen charisma and always comes off as awkwardly acting the part, rather than speaking candidly.
These characteristics were quite obvious in Kumar’s last video appearance for Speak Asia, dated early August.
Now, Kumar’s lack of charisma and awkardness is once again on full display in what is an obviously staged video that has surfaced on the internet in the last 24 hours.
Speaking from what appears to the World Economic Forum recently held in Abu Dhabi, Manoj Kumar apparently to sit down with complete strangers and have a brief chat about some upcoming announcements and news regarding Speak Asia.
Describing the World Economic Forum as a place where ‘a lot of intellectual stuff happens, a lot of academic stuff happens‘, after pretending to not know who is filming him Manoj goes on to make a series of dubious claims, comparisons and allegations, including
- the comparison of Speak Asia to Napster and Skype, in particular their use of ‘peer 2 peer’ technology
- that Speak Asia, and pyramid schemes like it, will solve India’s unemployment problems
- that ‘any other country’ would hail pyramid scheme operators, such as those running Speak Asia, as ‘national heroes’
- that people still do not understand Speak Asia’s business model
- the government of Bangladesh has ‘approved the (Speak Asia’s) business model’ and that business operations will start there in December
- Speak Asia has approached the UK government regarding business operations
- >both the UK and Bangladesh governments ‘have welcomed us (Speak Asia) with open arms‘
- that Speak Asia will be one of the ‘major corporates of India’
Whilst all of Manoj Kumar’s claims are positives for Speak Asia and will no doubt be trumpeted as solid irrefutable truth by Speak Asia’s members, please bear in mind that none of Manoj Kumar’s claims come with any tangible proof.
Infact, if anything Kumar’s claims seem to fly in the face of the reality slowly unravelling in India. Just yesterday, the Andhra Pradesh High Court ‘dismissed the bail petitions of the Speak Asia Online Pvt Ltd director, Rajiv Melhotra, and four of its employees‘ as the CID continues their criminal investigation into Speak Asia.
Additionally, in court, the company has to somehow explain ithe allegations against it by the EOW.
These allegations pertain to Speak Asia creating over 800 fraudulent panelist accounts, and having no corporate clients for its surveys. The surveys themselves were fabricated from Wikipedia and free online article directories.
As for Bangladesh, AISPA’s own ‘anju argarwal’ claimed just days ago that
the talk that they (Speak Asia) are registered in bangladesh is a rumor and unsubstantiated.
And England? Kumar and Speak Asia are dreaming if they think they’re going to be given permission to establish Speak Asia and it’s paper thin pyramid scheme business model in the UK.
What next? Promises the company is going to expand into the US with Obama’s personal blessing?
Good one guys.
Disregarding reality for a moment and having a look at what Manoj Kumar is saying, and what he’s not saying (the only thing he directly mentions about India is faith in the system), the bigger picture here would appear to be a sudden abandoning of Speak Asia’s Indian operations should things go sour.
Whilst panelists continue to delude themselves into thinking the reason Speak Asia siphoned over a hundred million USD out of India into Singapore was to safekeep it for panelists, the real reason, if Kumar’s unsubstantiated claims are anything to go by, appears to be to expand business operations in Bangladesh and other markets.
Markets no doubt where pyramid schemes are tolerated more favorably. And again, let me just reaffirm that anyone who thinks Speak Asia is expanding into the UK with it’s current compensation plan and business model is delusional.
Not gunna happen.
Meanwhile, Manoj Kumar himself remains a fugitive at large in hiding, wanted by Indian authorities for questioning over his involvement in Speak Asia.
Who shot Kumar’s latest video, that is unclear. The video appears to have been uploaded by a dummy Youtube account ‘sdfghsd1’, created by Speak Asia (or one of its associates) yesterday on October 11th, 2011.
Footnote: Whilst I appreciate that Speak Asia’s activities mostly affect Indians in India, please respect that this is an English blog. Comments in Hindi will not be published.
well it was a rumor and it was unsubstantiated [did i say false?]and we’re greatly relieved it has been approved by bangladesh already.seems permission here is gunna happen too!
if manoj kumar has staged this ‘interview’ for the benefit of his indian speakasians we thank him for his effort.
it seems our authorities get pissed, if puts up a video addressing us directly.
we are happy to see you looking good manoj ,and hope to meet you soon in india.
it’s all right if you don’t have ‘charisma’,manoj,we dont want you to be a movie star.just be our ceo and move ahead swiftly.
not just you manoj ,all of us proud indians have ‘faith’ in our systems.
dear manoj,we cannot understand what soapbox means when he says you need indian money to start bangladesh operations.
as you run a ponzi scheme why do you need any start up money? ?just collect lotsa money for a few months from bangladesh and disappear ,right soapbox?
manoj,some people believe overturning of a bail plea is the DEATH KNELL for saol.bail plea was rejected by mumbai high court also, but ultimately everybody did make bail ,dint they manoj?
manoj when you come back could you PUNCH the collective snouts of all your detractors.please manoj?
SpeakAsia is banned in Bangladesh way back this year.
Some Sr Panelist to save his arse posted registeration of SpeakAsia online, very smartly posted only registeration only from Bangladesh Commerce website, it was of SpeakAsia Bangladesh Online PTE.
If you do a google image search of SpeakAsia Bangladesh you will get the Certificate of Registeration which id dated 11th August 2010 that is last year, while SpeakAsia was banned this year after January when their MLM business was caught by BD govt and as per their laws they were banned.
Now Manoj Kumar is using these rumours which were spread earlier.
Who is lying is clear now and fooling the panelist, maybe now some panelist will say, oh he must have been mislead.
The odd question that comes to mind is if all employees and management staff of SpeakAsia are/were arrested including Tarak Bajpai (who is in hospital on medical bail), then where is management left to have a meeting with RBI?.
If anyone even claimed he/she is from management then immediately EOW and CID of Andhra would arrest them, isnt it?
Management is hiding like a rat in a hole, one in Singapore and the other in UAE.
I hope the court announces them as absconders and maybe then these panelist eyes will open.
@anju — Any one can REGISTER a company and get that approved. The trick is KEEP it running legally.
TVI Express was kicked out of multiple countries, and Indonesia yanked their business license (of local branch) back in August 2011, proving that “business license” by itself doesn’t mean much if whole operation is an illegal pyramid scheme.
Thus, I wouldn’t put too much faith into “welcomed into UK and Bangladesh”. It is unsubstantiated, after all.
Careful there anju… that’s an awful lot starting to sound like ‘dear leader’.
Who do you think is paying for all this nonsense? Kumar’s life in the UAE, Kaur’s life in Singapore/UAE, the lawyers in India, the Pals hiding in a hotel… all of it is being paid for with membership fees from Speak Asia.
And even ponzi schemes need some initial capital to get going.
Nobody said it was false… and you might want to hold that relief. Nothing Kumar has said has been backed up with any evidence thus far.
My guess is one of the Pals (Satish, Sumiran or that other one anju mentioned a while back, take your pick) is running things through the lawyers, funded by the money sent overseas.
Note the recent complete lack of communication this week since the other cronies were arrested. The Rams can only release so much information publicly before things start to get suspicious (as in before people start asking, ‘who’s left to release this information?’)
see the video again.manoj kumar clearly says that that they have explained the business model to the bangladesh govt.with saol in trouble in india ,the bangladesh govt must have been doubly careful.
of course it’s unsubstantiated.only what yourselves and money life say is pure substantiated undefiabe TRUTH.
Exactly. That’s the problem.
We’re not accepting uncited news reports or AISPA updates, so why are Manoj Kumar’s claims any different?
Can’t have been that careful if they approved a business model for use that is currently under criminal investigation in India.
Approving it makes no sense.
Every claim made on BehindMLM is substantiated with cited proof or reasoning, and MoneyLife have done so to in the past. Their last article was cited anonymously and they didn’t reply to correspondence so that’s acknowledged.
Opinion is another matter, but this isn’t the mere opinion of Manoj Kumar, it’s being presented as fact.
Nice try but as usual, fail.
Guys.. I’ve got answers to some questions regarding Speakasia..
1) What is the business model of Speakasia?
Ans) It’s complicated. It’s really tough for anyone to understand (Including the promoters).It’s all related to Precision Marketing. But in short we want to tell all, it’s not a Pyramid scheme and its absolutely legal in all ways.
2) When will Speakasia start again?
Ans) That’s a million dollar question. Anyone who could precisely answer this should be rewarded million USD. Even the pioneers in Precision marketing cannot answer it precisely.
3) When will the meeting with RBI take place?
Ans) Very Soon. How soon? Please refer to answer to question # 2.
4) When will exit options start?
Ans) It’s already started and if you are wondering when payment will start, then again go through the answer to question # 3.
5) When will Haren & Manoj come back?
Ans) They’ve already started paper & legal words and for more words, read answer # 4
Please try not to Laugh ………… actually I am ROFL …. 😀
samir,do you think saol has a staff of ONE in india?they have over 70 regional managers and area sales managers.
there are two teams meeting with the rbi-the legal team and the management team.
if i liked you ,maybe i would have told you the names ,but i don’t think you deserve the respect.you can stand outside the rbi and see who goes in and who comes out.
i’m also hoping pal is not running the show because then we’d surely all go under.pal has made enough money from saol and can pay his hotel bills and then some.
mr.pal and brothers ,aispa wants some money from you.we’re hiring some senior counsel and you should pay your share too.are you listening mr.pal?
Yeah… because regional and sales managers run the most important court case in the history of the company that accuses them of being an illegal pyramid scheme.
riffraff, saol will never make the mistake of explaining it’s business model to you.they know you could never wrap your little brain around it.
which is why they are with the rbi,see?
i’m really glad you’re laughing at your own joke[?]
What’s there to explain? It was published on their website.
Pay membership fee, earn peanuts doing bogus surveys Speak Asia make up but claim are for corporate clients, and earn big dollars for recruiting new members.
That’s all there is to it.
Again Paid Post / Paid Artcile, For what purpose you are writing about SpeakAsia?
Previously you were telling in order to create awareness among public not to join in SpeakAsia.., you are doing..
As per your words SpeakAsia will not come back again in India since they are fraud, cheat, what ever you tell, etc., As everyone knows SpeakAsia is not giving payouts from past 6 months i.e. from May 11th, 2011 they stopped their payouts, that means totally their business has stopped, no new people joining, company itself is not there..
Then why the hell you are writing against the company, what hell awareness you are creating among the public by telling the name of SpeakAsia now? As per your words it is a dead company, gone company, what you are writing here or doing here with a company which is not even there in India, which is not collecting any fund / money from public, which is not cheating people now at this time being, already it has done, everything finished, police is tracking down everything, why still you keep on writing about SpeakAsia leaving other numerous cheating companies in India in front of your eyes..?
If Manoj Kumar is there in Abu Dhabi, you inform police department to catch him immediately and tell them you have tracked him in youtube, you will get medal, you are telling Manoj Kumar is a fugitive, some days back media also told red corner notice has been issued to Manoj Kumar & Haren Kaur which later proved to be wrong after enquired with internal sources in CBI, what hell you are writing “lack of charisma and awkwardness is once again on full display in Manoj Kumar’s face”,
I’ll tell you the truth here with these following points..
You are paid so much for writing each & every article or posts against SpeakAsia..!
By seeing the latest developments, You are fearing that SpeakAsia will return back & start doing its business activities in India..!
If you keep writing hot news against the company or create new allegations by using your creativity against the company, if you keep writing all lies again & again surely you can make them or sell them to media as a truth and again if media start making negative publicity, surely it can delay all the process & you think you can stop this company to come back again or restarting its business again in India by doing that..!
Why you are bothering if SpeakAsia is having plan to start in UK., you are telling speakasia is a fraud company because of speakasia is not giving its client list to you..!
If SpeakAsia is not having client list why the hell EOW is delaying the process these many days without announcing SpeakAsia is a fraud and close the case immediately.
Why they are not giving / submitting any valid proof against the company till this date & announcing Manoj Kumar & Haren Kaur as criminals or issuing Red Corner Notice and catching them with the help of interpol.
Why simply they are passing time for these many days without giving proper proof against the company? Atleast they can submit some sort of proof in initial charge-sheet, right? Why court is telling EOW not to waste their time and asking them to come with proper proofs very soon..!
SpeakAsia has a business model & it has clients too, they have done the business in India without proper products, that was their big mistake, but their future plan was different, it’s not to cheat public and run away like many companies did in India in the past, from which you have failed to show 90% of those fraud companies in your site and helped common public,
only you people targeted SpeakAsia which use to give their payouts properly in time before May11th, only after media intervention the payouts were blocked by RBI and company trapped in the news not because of they stopped paying to its members, it came into the news only for its business model & clients,
again my simple question is if both of them (business model & clients) seems to be fraud why the hell they are not announcing SpeakAsia is a fraud and close the case immediately, can’t they find proper proofs for that to prove in the court, Is it difficult to prove in the court if the company has no clients for its business?
Is it difficult to prove if the company has did money circulation all these days? How many days it’ll take to prove this? Are you thinking anything with logic?
Long time back, SpeakAsia came in public Press Conference & announcing clearly that they do have clients which they can show by signing Non-disclosure agreement,
just think if a company which is not having proper business model & clients and does fraud business with main intention of duping people or cheating public by collecting huge fund & one fine day running away COMES in public and announcing themselves as they do have powerful business model & back-up which they want to reveal only to top level govt. officials since they think it as a Non-disclosure subjects and wants to discuss only with RBI but not with others..!
You are keep on barking from the start only with the intention of creating nuisance to the company,
Dhirubhai Ambani said “You will never reach ur destination If U stop and throw stones at every dog that barks. Better, keep biscuits n move ahead ..”
But – Already you are getting biscuits from other people for barking, because barking is your profession!
Telling yourselves as educated intellectuals, Is this is the profession of intellectuals? It is worst than doing prostitution..!
regional managers are very senior.lets not shrug them off.besides they have consultants and the legal team standing beside them.
you worry tooo much soapbox.
I feel like don’t waste your time by trying to explain the fact with these stupids, they know everything, they are paid people to do this work..
it is useless to discuss or explain them like the way you are doing..
i will have my way ,don’t worry.saol is coming back.
i could use some backup here.
…really? Have a look around, this is a MLM blog. I first reviewed Speak Asia back in March, while they were still paying out (not that paying members has any bearing on whether or not their business model and compensation plan is an obvious pyramid scheme – you only find that out when their memberbase gets too big… like it is now).
Enough with the horseshit. There are pending court cases against the company, you and I both know that. Whatever happens to Speak Asia will be covered in full on here whether you like it or not.
Their future plans were irrelevant.
Honestly listen to yourself! Since when can you get off crime by declaring legal future intent?!
Speak Asia are legally responsible for operating without a product for the better part of over a year in India and that is what we are slowly witnessing being played out.
Yes, as I mentioned earlier it makes total sense that I started BehindMLM long before Speak Asia was even created… just to ‘only target‘ them with my ‘paid post/paid articles‘.
Because he is. He is wanted by the CID and EOW for questioning.
I don’t believe this was ever reported in English. There was a Daily Bhaskar article written up but from what I understand it seems anyone can write anything on the Bhaskar – so take anything published there with a grain of salt.
As for Hindi articles, not being able to understand them I really couldn’t care less what gets reported in Hindi by local writers. You’ll note none of it is cited here.
Do you have a mental impairment? It’s pretty clear what I stated.
Sorry but having not met in court, how are the EOW telling them this. As for charge sheets and the rest of it… news reports citing the EOW clearly show investigations are ongoing. When the appropriate court dates roll around I’m sure everything will be filed and entered accordingly.
Because they need to file an investigation to prove it in court. Honestly, your childish interpretations on how the world works are quite silly. Nonsensical question after nonsensical question…
With the written confession of those arrested who worked for Speak Asia no, but they couldn’t arrest them until after they’d investigated the company. That’s how an investigation works.
They weren’t under a criminal investigation back then, they could make any bullshit up. As they’ve obviously done following the EOW’s latest announcement regarding their supposed clients.
Oh, poor them. Here’s a tissue…
Yes Speak Asia’s members do appear to be like an easily led pack of uneducated dogs at times… sorry, what was your point again?
Regardless, let’s not pretend like they have the authority to act on legal matters and criminal investigations that concern the legality of the entire company.
don’t be silly.how would you know what authority a saol regional manager has or doesn’t.
speaking of court dates our mumbai high court pil is today at three o’clock,half an hour from now.
fingers crossed people!
Because they’re regional managers.
It’d be corporate suicide to let regional managers handle a criminal court case into a company.
Do let us know how it goes (and not the Ashok Bahirwani ‘it went good, but these things are to be taking some more time so the next meeting is in 3 weeks‘ version), I’ll be waiting.
thing is ,the delays in court are not caused by saol or the panelists.
can we help it if the eow keeps dragging in, pleading for more time.now that they have two signed statements proving saol is a fraud ,i hope they will file their reply today and get things going.
please mr.eow ,please file your reply today.
So, you thinking you have answered everything by taking some questions from my post, ok.,
If speakasia comes back & start its operation in India what will be your stand?
Don’t tell it’ll not come and EOW is going to prove SpeakAsia a fraud company and will arrest all management people from SpeakAsia, if the second does not happen what will be your stand and what you will scribble in your site about SpeakAsia?
Do you blame Indian authorities at that time by telling these authorities have done a big mistake or do you accept it! I’m telling SpeakAsia has clients and you are telling they are not having,
i’m telling they are having future plans, you are telling they does not have, it is irrelevant, i’ll tell they are going to become a big corporate in India, but you will tell they will go to jail,
having these kind of understandings & differences among you & me, things are impossible to start any kind of discussion between both of us,
only thing what we can do is wait & watch the game! Let’s see who wins & who loose..!
My point is, look at the past history whatever happened for all fraud MLM companies in India, no company has ever come in front like SpeakAsia, if you have brain – closely watch their activities, if they were wrong – they would have shut down their business & they would’ve ran-away on the first day when Star News first showed those wrong things about SpeakAsia like what other company does,
No need for them to come in-front and raise their voice..!
Ok., there is no point in discussing those things with you..!
You just answer my first question, that’s enough.. Rest of the things we’ll wait & watch..!
Wishing you all the Best! & Wishing SpeakAsia best of Luck!
THE JUDGE WAS ABSENT!
believe it or not .
meanwhile supreme court matter has been preponed to 17 th oct.
that is, if the judge is not absent.
bye,i need to bang my head against the wall for some time.
@ Roy …. Keep Dreraming Big.. there aint any loss in it..
@ Anju… I guess SOAL should’ve hired you as their legal advisor… who knows listening to your argument (repetitive) …the Judge might go insane and throw the case out of court… LOL…
Everything? No, just what you asked. That’s generally what happens when you ask questions… people answer them.
If you’re failing to understand that, it’s no wonder you can’t see Speak Asia’s business model for what it is.
That unchanged they are a pyramid scheme bound to bust. And then after doing a writeup about it, get on with my life.
The bigger question here is what will you do if they are proven illegal. From the sounds of it there is no backup plan, and that’s really worrying.
Now how’s that going to happen? What, all of a sudden the proof the EOW has publicly mentioned just dissappears and Speak Asia go back to running their scam?
Enough with the fantasy hypothesis already.
I find it highly unlikely the EOW would publicly announce fraudulent accounts and signed confessions from Speak Asia management allegeing the company is a ponzi scheme if they had no such evidence.
We’re only now starting to see the fruits of the ongoing criminal investigations into Speak Asia. Why do you think AISPA and Speak Asia are trying so hard to push the investigations along hastily… they obviously don’t want the company thoroughly investigated and all leads followed up on.
What you’re going to do does not absolve you from what you have done.
You’re stating without any proof whatsoever that Speak Asia has survey clients. The EOW are claiming that they do not have any clients based on their ongoing criminal investigations into the company.
Who will go to jail?
The owner of Speak Asia is in hiding locally and their two CEO’s are fugitives hiding overseas.
Bringing Kaur, Kumar and Pal to justice are three seperate investigations all on their own.
Yes, because I have cited proof and references, and you have nothing but the bullshit coming out of your mouth.
Unless management got greedy and began to think they were above the law until it finally blew up in their faces. I imagine if you asked management a year ago if what was happening today was possible, they’d assure you it wasn’t.
So confident were they in their money game scam.
Not when I’m citing the EOW directly and daily news articles are contradicting you at every turn, no there isn’t.
Good luck with your delusions.
Of course they were.
All I hear is ‘blahblah court dates are postponed again‘.
(I’m not saying it’s AISPA or Speak Asia’s fault.. it’s just predictably tiresome).
@ Oz, (soap box)
Your Q. The EOW are claiming that they do not have any clients based on their ongoing criminal investigations into the company.
A: where they are claiming? Came & told you in your ears..? Don’t show (TOI) media news or moneylife news..! My question is have they proved that in court?
Your Q. The bigger question here is what will you do if they are proven illegal. From the sounds of it there is no backup plan, and that’s really worrying.
A: I won’t do anything, i took subscription and done this for extra income, as usual i will continue practicing my work & also focus on my lecturing profession..
Your Q. I have cited proof and references, and you have nothing but the bullshit coming out of your mouth.
A: what hell you have shown as proof & references? don’t pick words from my mouth soapbox, answer decently, do you think – bullshit coming out of my mouth.. No, it is coming from your articles and it’s coming from your mouth all the time..
Your Q. Not when I’m citing the EOW directly and daily news articles are contradicting you at every turn, no there isn’t.
A: From the start, so many news published in newspapers & shown in the TV channels (media) seems to be paid news, many of them were fake news.. including yours.. always you are bringing references & proofs from fake news publishers & broadcasters..
well,first two times the eow got the date postponed and third time the judge takes off.
living in india ain’t easy.
riffraff,the idea of driving a judge insane is meritorious no doubt,but meanwhile,are you OKAY?
i mean, you can’t seem to stop gigging and laughing and this worries me.
should i send an ambulance over?
@ Anju…. Yeah send the ambulance… Probably I’ll prefer the bed next to Tarak Bajpai (By the way I was curious, was he given 3rd degree?) …
you see, tarak being an ex fighter pilot of the indian airforce, was always treated with dignity by the eow.
i have so many great tales of life behind bars,but i like to save them for speakasians who can appreciate them.
um,tarak is being treated in the cardiac ward ,but you will be headed for psychiatry,won’t you?
who is fugitive … mr manoj kumar or u -mr .Oz
who is hiding —-u or mr manoj
who do not appear in front- u or mr manoj kumar
we all have seen manoj ku face ,we all know his name but we dont know who r u ? from where r u ? what u do? nothing
that makes u fugitive isn’t it mr Oz?come in front show ur face if u r one the way to prorect indians fron ponzi scheme, pls show who is our super man
and what u have done is u have proved many points in the favour of speakasia in our discussions which i claim u will deny- common tell us more about urself
first prove that u r authentic
@ Anju …
I went through a Speakasia FAN website, http://www.bizbasket.net. Infact these guys are with the company since its inception. They’ve given information regarding both Manoj Kumar and Tarak Bajpai. No where is it mentioned that he is an ex armed forces guy.
He was working with Genisis Aviation and then SPeakasia. Somewhere in a website which is anti-speakasia mentions him as did a short service commission in Air Force, thats it. No info on his tenure.
Here is the link : http://www.bizbasket.net/2011/05/know-your-coo-tarak-bajpai-bizbasket.html
Then there is another link which has information on Manoj Kumar. It states he was the IT chairman of CII, ROFL .. Here it is : http://www.bizbasket.net/2011/07/know-your-ceo-manoj-kumar-bizbasket.html
CII has Presidents and people like Adi Godrej, Sunil Mittal, etc become its presidents. Here is a link http://www.cii.in/CII_Past_presidents.aspx
You are not in any ward @ the hospital.. cauze they are still deciding on which ward to admit into (blind or insanity)… You can’t see the truth, you don’t believe what you see (Media & other links) but will believe in fairy tales told by SOAL
and dont mind my spelling mistake
Let’s not forget some actual news items:
So unless Manoj Kumar can produce something more substantial than his own words, SpeakAsia is in as much trouble in Bangladesh as it is in India, despite the rosy picture he’s painting.
Either you need your eyes checked or you have reading comprehension problems. Anju thus far have ZERO facts to actually defend SAOL. Anju even claimed to know reasons the company will be exonerated but choose not to reveal.
Thus, there are NO facts defending SAOL, just a lot of uncorroborated rhetoric, plus opinions (such as your own)
Ah, the typical standard “they don’t understand us” scam explanation.
Irrelevant. We deal with facts and logical extrapolations, not wild speculations.
You need to tell EOW and CID then, not us. And where did you get this information any way? is that person trustworthy? Where did THAT person get the information? Can that information be verified through a neutral third-party? You do realize “hearsay” is pretty worthless as proof?
The fact that they have future plans (legal or not) is indeed NOT relevant to whether they are a fraud now (or before). Are you that blind? If a murderer confessed and plans to repay society, is he no longer guilty of murder?
Wrong, EOW / CID said they will go to jail, and many already did.
That’s because you refuse to accept facts, and/or to supply facts to refute published facts.
In other words, you are in DENIAL, and I don’t mean bathing in the river.
Come on son, if you’re not keeping up with the news that’s not my problem. The media have cited a spokesperson for the EOW (they gave a name but I can’t be bothered looking it up for you now). They will show it in court when they go to court.
Honestly, do you have the slightest idea of how a court hearing works? It’s not 7-11 walk in anytime you want.
If you’re too incompetant to use your eyes, and/or solely rely on AISPA updates – that’s your problem. The EOW have been personally cited by name along with the most recent claims.
Yes, you’re refuting the EOW’s claims with nothing more than the bullshit coming out of your mouth. Back it up son or go home.
Yes, yes everything is a giant paid conspiracy against Speak Asia. Get the fuck over it and bring some facts to the table.
I don’t care what happened at the start, the EOW are starting to take a more proactive role and are speaking to the media directly and on the record (even providing officer names) alleging criminal activity by Speak Asia.
You on the other hand are providing nothing but tired rhetoric and fairy tales.
You’re almost not even worth replying to what with your comments are so idiotic.
Is this a rhetorical question? Kumar is wanted for questioning by the Indian authorities, I am not.
Manoj Kumar is hiding from the Indian authorities overseas, I am not wanted thus cannot be hiding.
Now this doesn’t even make sense. Please respect the overall level of coherency on BehindMLM and refrain from publishing nonsensical gibberish.
Ah this old chestnut. As I always say, who I am is irrelevant, look at the information published. It stands on its own.
People who attack the source usually only resort to doing so when they realise they cannot discredit the information itself.
A silly attempt to detract from the information presented here. But thanks for wasting a few minutes of everybody’s time.
I reiterate, the information here stands on its own, irrespective of who I am. Either fault it or accept it.
Crying about who I am does nothing to refute it.
These claims by SpeakAsia are all bluff, starting in Bangladesh, UK etc. They have been banned in Bangladesh and there is a full stop.
Has anyone heard in google news or thru any Bangladesh newspaper any report of SpeakAsia starting?.
Lastly recall that they were planning to start operations in Malaysia, even that was a bluff. I on my part had taken email addresses of Malaysian Commerce minister and other departments and had mailed all clippings of newspapers about the company’s fraud in Bangladesh and India, way back when i heard they were about to fool Malaysians.
Even taking panelist to Singapore was a bluff, fearing that panelist will see their empty office with just 8 people(TV channels when went there met just 2 lol) or panelist might ask to see office, they said instead panelist will now be taken to Malaysia, even that they could not do as it seems Malaysian govt did not open arms to SpeakAsia like UK govt.
And maybe after 2 months Manoj Kumar would say US President Obama has open arms and is inviting SpeakAsia (for fake surveys, LOL).
Your Q. They will show it in court when they go to court.
Ans: Let them show in the court & then we’ll talk about the truth, you & I cannot cannot decide what happened with SpeakAsia, the truth will come out one day..
we all respect judicial system of India & we are eagerly waiting for the judgement..
Your Q. If you’re too incompetant to use your eyes, and/or solely rely on AISPA updates – that’s your problem. The EOW have been personally cited by name along with the most recent claims.
Ans: I’ll rely on the correct news, you no need to tell which one is correct which one is wrong,
Your Q. Yes, you’re refuting the EOW’s claims with nothing more than the bullshit coming out of your mouth. Back it up son or go home.
Ans: You are refuting the truth, its nothing more than your shit coming out of your mouth. Back it up boy or go to hell.
Your Q. Yes, yes everything is a giant paid conspiracy against Speak Asia. Get the fuck over it and bring some facts to the table.
I don’t care what happened at the start, the EOW are starting to take a more proactive role and are speaking to the media directly and on the record (even providing officer names) alleging criminal activity by Speak Asia.
You on the other hand are providing nothing but tired rhetoric and fairy tales.
Ans: Thank you for accepting that giant paid conspiracy against SpeakAsia is going on. That is not my fucking job to bring facts to the table.
I don’t care what you write, what others say, if it is proven in higher court of this country – it is enough – until then nothing can be accepted,
I’m not providing tired rhetoric and fairy tales, you will come to know very soon whose words will win..!
Good Bye! No use of writing to you people..! You all are paid people..!
We don’t have to! The EOW have gone on the record stating they have proof that Speak Asia created 800 fraudulent accounts and that that they have no corporate clients.
Manoj Kumar videos and uncited press releases from Speak Asia and AISPA aren’t news, they’re unsubstantiated and uncited claims.
Seriously, are you fucking retarded? My claims (as mentioned above) are backed by EOW named officers.
You’re claims refuting the EOW are uncited and unsubstantiated.
THEN DON’T MAKE UNSUBSTANTIATED CLAIMS REFUTING THE EOW THEN!
Jesus Christ, fucking nutjobs these Speak Asia members I swear.
Unlike you, not everybody believes the world is a giant conspiracy theory out to crush your honest pyramid schemes. I have no reason to doubt the EOW when they claim they have proof of false accounts and the non-existance of corporate survey clients.
See that bit in italics, that’s precisely the tired rhetoric and fairy tales I’m talking about. All fluff with no certifiable facts backing up any of it, just blind faith.
How many times are you going to announce your farewell? Oh, and before you go… can I interest you in tin-foil hat?
One final thing for all those who are unable to see the truth.
India Forums owner Vijay Bhatter first did investigation of SpeakAsia, its registeration, the company hosting its website, the visitors visiting the website etc and there i posted links of ezine of SpeakAsia using direct URL from SpeakAsia website and anyone could see those ezines without logging in the SpeakAsia.
Vijay put his comments on these ezines saying these are craps, copied and pasted from free wiki and other sites, this page of India Forum was getting lots of attention from panelist and doubts were raised by some.
Guess what SpeakAsia did?
They sent a legal notice that they will file a defamation case againt India Forum for writing against their ezines. Lol can u imagine Vijay and others had fully exposed each and everything of speakasia on that page and speakasia to keep the panelist faith sent notice only for ezines.
India Forums lawyer replied to their notice that their ezine was indeed a crap as it was copy and paste from free wiki sites. All this happened in May and June, but till date SpeakAsia’s strong legal team/representatives did not reply to the reply given by India forums lawyer confirming that ezine and SpeakAsia are both crap with crap mentality panelist, who think 1 person having 25 or 50 ids filling up a single survey and thinking this is a geniune survey and such fake surveys submitted by 25 or 50 fake ids get paid 500 bucks.
I think i have explained a little bit of SpeakAsia business model here for Ms Anju to understand.
No you won’t. If judgement came out against SpeakAsia you’ll denounce it like you did EOW, CID, RBI, provincial police, newsmedia, and all other authorities, citing corrupt politicians, influence from unknown conspiracies, and “they don’t understand us” rhetoric, just as you have already been doing.
Your claim of “accepting the courts” is just lip service.
So you’ll take unsubstantiated news from SpeakAsia and AISPA over news published by a well-known journal cited actual government and police officers. Guess we know where you stand in terms of reality…
SAOL already control your thoughts. You automatically ignore information that doesn’t fit the worldview they fed you. Wonder what they’ll make you do next?
Quoting you in sarcasm is not acceptance. Clearly, your alternate reality compels you to believe so.
If you have no facts or logic to backup your opinions, then your opinion is bull****, despite your loud protest to the contrary and increasingly desperate resort to foul language. I recommend washing your mouth with soap.
you guys have been fighting all night.
your passion for speakasia amazes me.
people,i’m feeling bad that i can’t reveal what i know.all this fighting would stop.
okay just wait till monday the 17 th,oct.
all shall be revealed and the world shall be peaceful again.
samir,saol have bigger fish to fry. they are the least interested in the vijay bhatter’s of the world.the only defamation case we’re really interested in is the one against star news.
yeah,so saol was peddling a badly made ezine,sue us for it.how many newspapers just copy paste news articles from other publications and sell their paper?
yeah, if some franchisee or independent panelist acquired some ID’s which are fake ,then saol bloody well wants the eow to catch them and file a case against them.saol will cooperate fully with the eow in this matter.saol is mighty pissed.
read ashokji’s update.the supreme court has taken the company’s adamance to pay the panelists very seriously.
something should move there on monday.
you are seeing only the ripples on the surface but we can see the strong currents underneath the surface.
very soon we’ll be coming out on TOP!
Kumar is talking about Bangladesh and the UK, meanwhile Speak Asia are wanting PR managers in Singapore…
If I didn’t know any better I’d say these clowns were banking on being able to settle their Indian legal problems by paying out their Indian members on the hope of expanding internationally to keep the pyramid scheme alive.
New markets means new membership fees to pay everyone out.
…until of course the time comes to pay out new members.
If Monday doesn’t happen, or doesn’t go your way – considering you seem to be setting it up as a deadline, how about putting your money where your mouth is. If Monday goes sour for Speak Asia, or doesn’t happen will you finally wake up?
And don’t reply with stupid anecdotal answers, just answer the question.
i don’t need to wake up mister i’m fully awake and alert about what’s going on with saol.
you are seeing the SPEED with which our agencies work.what we want, should happen within this week itself, but if some stupid agency delays it and i know it’s been genuinely delayed i’m standing right by my saol.
saol wants to STAY and GROW in india and not just pay their panelists.
So that’d be a ‘no’.
samir you said-They have been banned in Bangladesh and there is a full stop.
what proof do you have of this?
why would any newspaper in bangladesh carry news that some company will start operations in december?companies must be getting registered everyday ,does it come in the newspapers?
saol said it was launching products-proof is the 100 crore material lying with the customs.
saol said it has filed a defamation case against star news-proof is we have seen the link on this very site.
saol says it wants to pay it’s panelists- proof is it’s recorded statement in the supreme court and high court.
saol says it will start operations in bangladesh-proof is saol which keeps it word.
Circumstantial, but according to EOW criminal case had been filed against SpeakAsia Bangladesh
There is no proof that the product is worth 100 crore. The only one that said so was SpeakAsia.
If you mean that alleged “SmartShip” bill of lading, it doesn’t say anything useful. Anything relevant was redacted. The only thing visible is origin (China), destination (India), weight, and number of items inside (26500).
Even if you take the RETAIL value of such TV to be $300 USD (wholesale they cost even less), that’s about 8 million USD, which, based on today’s exchange rate, is less than 40 crore, hardly 100 million claimed by SAOL and supporters.
Again, FILING a suit is easy. WINNING such a suit is much harder.
The question is… pay them to exit and close company, or pay them to continue operations?
Thus far, there is NO PROOF of such “start operations”, other than empty announcements. Even if they did, it doesn’t prove they are operating legitimately. As noted above, newspapers have already noted that criminal case have been filed against SAOL in Bangladesh.
Thus, claim of “starting operations in Bangladesh” seem to be wildly optimistic, absent of other info.
@anju — and one more thing: that bill of lading Speak Asia claim to have published?
The logo doesn’t match the website, and it has some VERY serious spelling errors.
Here’s the official Smart Cargo website:
Feel free to compare it to the alleged bill of lading’s header. Very very different. Conclusive, no. Suspicious, yes.
Anju.. since when did U start believing in media contents? If someone provides no proof, then U guys would accept it as proof, isn’t it? When we provide you with proofs, then you don’t believe
Here Anju read this old news with clear words that SpeakAsia is Banned in Bangladesh.
Now you will blame media, oh media, poor SpeakAsia….. And Bahirwani and SpeakAsia will say enemies are trying to spread rumours…
Now tell SpeakAsia to file defamation suit against the site, thats what they do to keep puppets happy.
I believe the official party line is that we’re all ‘paid writers working for our bosses who run companies in direct competition with Speak Asia’.
Apparently the fake survey niche is highly competitive these days. You can’t trust anyone.
Hey guys .. check this link : http://www.bizbasket.net/2011/10/speakaisa-rti-and-ceo-at-abu-dhabi.html
Now here they are blaming media for blocking SOAL Accounts. Till now they were blaming RBI, now the media…
To be fair, anju has been going on for a while now that it wasn’t the RBI that closed the accounts, the just put out a warning.
As for Bizbasket, do these idiots know how banks work? They do anything to earn money and couldn’t give two shits about the media.
Closing the accounts is about protecting their assets. They know once they’ve paid out people they’re not getting it back and if they helped Speak Asia commit financial fraud, despite the RBI warning the company was being investigated for criminal activity, who’d be ultimately responsible?
The banks. And no doubt a court would order them to cover panelist’s losses (the ones at the bottom of the pyramid) from their own funds.
Why take the risk?
Basic protection of financial liability, that’s all it was. But no, of course it’s a giant media conspiracy… that makes much more sense.
I also love this line;
We’re not MLM or a money game because we said so!
Lol, if that’s the level of intelligence Speak Asia are arguing their case upon no wonder the RBI saga is dragging on.
Given the existing compensation package of SpeakAsia (recruit more panelists to get paid), if they refuse to accept that they are MLM, or money circulation, then it MUST be a pyramid scheme. There really is no other explanation. Occam’s Razor and all that.
This message is for u and ur other 115 panelist who hv gone 2 supreme court and filed a PIL to get their money back.
If u read AISPA and other sites including Anju Agrawals comment, you will realise SpeakAsia and these people are doing a piggyback on ur PIL.
As far as i know these people do not have a chance in Andhra court on whose order their franchisee’s Bank account were frozen, and also in Mumbai court.
The AISPA PIL in supreme court did not get support from judges and they withdrew it quickly knowing if PIL was dismissed it would spread negativity.
I hope SpeakAsia does not use your PIL to restart again if SC allows payment. I hope your PIL also presents fact of the MLM Pyramid scheme they used and working and collecting money without registeration or bank accounts which can be termed as benami accounts and transferring crores out of the country.
Also note worthy is the shipment caught by customs on EOWs information to Customs that it was imported using a Pizza shop company’s address in Andheri, Mumbai.
You know SpeakAsia in and out as you and i have constantly posted comments at India forum and i hope you and your 114 panelist recover your money but see to it that you present the facts and also that this company should not be allowed to function, as you had commented.
Just dont let these buggers to take advantage of your PIL.
‘In the meeting, speakAsia was instructed by RBI that they must follow the FEMA guidelines word to word.’
so i am a pyramid scheme scammer and i go to the rbi and say please do not treat us as either mlm or money circulation ,we are neither.i explain how this is true.i handover my balance sheet and almost 200 pages of written explanations.the rbi listens and reads.
what is the response of the rbi?it gets up shakes my hand and says- all right !just make sure you follow FEMA guidelines to the T.
whaaat?they dint kick my sorry ass out of their office screaming bloody money launderers!bloody money circulationists!??
the rbi is the scariest,nerdiest,most no nonsense body in india.if you say ‘rbi’ around corporates,they immediately shit in their pants.
so how come the RTI repy does not read -saol came to us they said don’t treat us like mlm or mc and so we duly kicked them out?
my dear sirs,this is the magic of proving survey income.
@Oz — feel free to read this skeptics article:
It appears that defenders of a scam are the same all around the world. They don’t deal with facts, science, and logic. Instead, they deal with logical fallacies, emotions, and self-delusions.
It’s not about SAOL, but you’ll find much of the same logic and reasoning (or lack thereof) used to defend this other thing.
Stop clouding things.
The RBI were never to establish whether or not Speak Asia are a pyramid scheme or not. That’s what the EOW and CID are doing.
Speak Asia requested a meeting with the RBI to explain their business model under the assumption that the RBI are complete idiots and unable to understand a simple pyramid scheme.
Furthermore why would they be meeting again with the RBI if ‘just follow some guidelines’ was the only response? Furthermore this response was sent to a panelist, and it is just that, a response. What this panelist asked was about some letter, and suitably he received a response regarding the letter.
It is not a summary of the entire meeting or any indication of the current ongoing dialogue between the RBI and Speak Asia.
It does not either mean that Speak Asia have previously followed FEMA guidelines, nor absolve them of criminal activity. Nor does it indicate the company will be able to restart their business.
The banks might have initially frozen Speak Asia’s financial assets, but no doubt now they will keep them under lock and key pending the outcome of the EOW and CID’s criminal investigations, and subsequent court action.
Note that for everything anju and bizbasket have assumed, the fact of the matter is that Speak Asia’s bank accounts remain frozen. And the RBI have stated they haven’t put out a freeze order themselves, meaning the banks are now acting on their own. Don’t forget, they are free themselves to get in contact with the RBI and obtain this information themselves.
And finally, where do you get off claiming this means that Speak Asia proved any corporate survey income? You’ve just pulled that one straight out of your arse.
Again, more unsubstantiated claims with no evidence and twisting of what those documents actually state and represent. Of course I wouldn’t expect anything less from the spin doctors over at AISPA.
I’d be more worried about criminal investigations from the CID and EOW.
Spotting the patterns has become all to familiar to me as I’ve written about various MLM companies over the years, that I’m fully aware of. The usual crap is easy to spot out ‘who are you?’ ‘who do you work for?’ ‘we will win because (insert some illogical unsubstantiated claims here)’ etc. and on and on it goes.
What gets me particularly about Speak Asia members though (and I don’t know if this is just the language barrier) is that virtually every new commenter to the site comes in with exactly the same assumptions.
They’ve been swallowing ‘the media is against us’ line for so long now that they’re convinced this is just a conspiracy against Indians making money. Honestly, going around in circles with some of the new commenters over the last few weeks has felt like discussing what we’ve already covered with people that have the IQ of a brick wall.
At least to her credit, as much as we disagree and at times she sounds dangerously cultish and sheepishly led, anju has remained consistent, kept a cool head over the past few months.
That makes for a refreshing change from the ‘barge in, make a whole lot of accusations and demands and then dissappear’ tactic most pyramid scheme scam supporters engage in’.
Whatever the outcome of all of this is, it will certainly be interesting. As we sit here now going through it, I hope these guys stick around when all the EOW and CID’s cards are finally dealt and on the table.
excuse me,if the rbi says we are not a pyramid,mlm or money laundering operation you think the eow can STILL investigate the company for that?
we will just walk into court ,wave the rbi document clearing us in front of the judge, and WHOOSH investigation on that front will disappear.
of course the eow can continue to investigate about the ‘fake id’s etc but who cares about that?if the sealed accounts do not open for the next few months who cares?there’s no earth shattering amount in them .let them open AFTER the eow completes ALL it’s investigation.
with the rbi’s hand on saol’s head the company will open new accounts.
and we’ll be on our way!
Yeah but they didn’t say that, so stop wasting everybody’s time.
(I didn’t bother reading the rest of your reply).
samir,jutamaro and gang ,
hey, you better withdraw your pil you know.forget your money and go home.
because when your pil forces the court, to allow saol to make payments ,that will be great for us loyalists.
even the judge will have a tear in his eye when he sees saol bowing down to pay you.he will feel more kindly towards saol and may even send them flowers.
hey, one of your respondents is the rbi isn’t it?get them to reply FAST.
don’t waste time here,get to work for y/our case.
PS. once this shit is over and you guys have eaten humble pie
remind me to tell you something very important about your
what in the world are you talking about?what aispa pil in the supreme court?go read up.
are you ace ventura?do you continuously speak out of your ass?
soapbox i said IF[as in ,IF the rbi clears us]
you understand IF?here are some common usages-
IF i travel into space, i would be an astronaut.
IF i meet jutamaro on a street, i would hit him with his own shoe[or mine-whatever he prefers].
by the way ,the RTI goes on to ask the rbi ,that if a person complains against a company ,does the rbi immediately shoot out ‘C’ letters?under which law is this provided for?
rbi response-we have no information on this.
the RTI asks if the company is cleared ,who is responsible for the financial losses to the panelist?please give the name and post of the official.
rbi response-we have no information on this.
What does that mean? Judges were never convinced of Speakasia’s business model.
Judges see these kind of cases every now and then and are well versed with these kinda business setup. So they were anyway going to get kicked out… and Speakasians would say that Judges are influenced by Media…
riffraff don’t just loiter around this site.
screw your head on tight,read the entire post and then talk.
can i help it if soapbox doesn’t give me my little green boxes?
i want my LGB’s NOW!
ps.am i supposed to make my lgb’s myself?i wouldn’t know how?
The RBI were never directly investigating Speak Asia and are not in a position to clear them of criminal or fraudulent activity.
If over a hundred million US is less than is illegally allowed, that is all they can clear Speak Asia on. They have nothing to do with fraudulent accounts, lying about corporate surveys or proving whether or not Speak Asia made more money from selling surveys than membership fees, all of which ultimately are being used to determine whether or not the company is a pyramid scheme.
The criminal investigations and cases are being carried out by the EOW and CID and they have laid out some serious allegations against Speak Asia, which are yet to be heard in a court of law.
No bank in the country is going to unfreeze bank accounts with these investigations and cases are currently ongoing.
Explaining and re-explaining your pyramid scheme to the RBI is a waste of time. They were only ever interested in the legality of the transfer of funds overseas.
Who is responsible?
Speak Asia. And the official’s name is either Ram Pal, Harendar Kaur or Manoj Kumar. Take your pick.
anju was quoting samir’s earlier comment. She has a bad habit of not attributing who she’s quoting when commenting.
She was picking up on Samir’s mistype of the PIL being AISPA’s, rather than Speak Asia’s.
Instead of addressing what was written she chose to dismiss it entirely because of that one typo.
One thing surprises me is that … the of all the So called top Legal firm being employed by SOAL, the top intellectuals in SOAL, etc etc…. it took just one RTI application by a SOAL panelist for Speakasians to know that RBI has not frozen their accounts.
So definately the 600 Crore that they siphoned outside India, could be used to pay up the panelists. Also they are based in Singapore, so they could start surveys from there (they should have data centers there as well na)?
They could pay from Singaporean bank accounts directly into Indian individual panelist accounts? Or use other methods like Paypal etc? But they choose to blame RBI and now when there is proof, they’ll blame media.
Basically I am the devil if I blame SOAL, if I blame the media then I’ll be SAINT… LOL
The banks originally froze Speak Asia’s accounts on the advice of the RBI. Now they’ve kept them frozen because there are pending criminal investigations and court cases ongoing against the company.
They know full well who’s liable if they let Speak Asia carry on their scam now and the company is found guilty of criminal or fraudulent activity later on.
Then there’s the CID involvement but Speak Asia wouldn’t dare approach them because they know full well it’s a waste of time.
And yes, the 100+ million USD could have been distributed out, but wasn’t. After the CID got involved and froze more accounts, Speak Asia had an injunction put out which meant more accounts were unlocked (for over a week?).
Speak Asia of course know full well approaching the RBI is a waste of time but they do so in order to gain the panelists support and trust and appear to be doing something proactive.
It’s just a smokescreen while Kaur, Kumar and Pal enjoy everybody’s money.
She was picking up on Samir’s mistype of the PIL being AISPA’s, rather than Speak Asia’s-soapbox.
which pil did speakasia try to admit in the supreme court?
flashback.saol made a petition in the supreme court for bunching investigations under one body.the court opined it was ‘before time’ and saol withdrew it’s petition.
why make a mountain out of a molehill ?
where have you been riffraff?everybody knows the rbi did not freeze saol accounts.
the RTI application was made BEFORE the rbi met saol and it’s primary objective was to ask why the rbi had not scheduled a meeting with the company until then.
saol wants to set up a PE in india and work under the umbrella of indian laws and agencies.that is why they are patiently fighting it out .
Even if there is a date of Supreme Court, its unlikely without investigation and trial of lower courts getting over will there be a judgement. That is why SpeakAsia is trying to piggyback and use existing PIL of 115 panelist, who neither want to work with the company nor want the company to work in India, their only interest is their money.
RBI cannot decide things for SpeakAsia knowing 2 investigation are going on in Mumbai and Andhra.
These people keep saying SpeakAsia business model is difficult to understand but the Hon Judge of Andhra court already understood the model, here is the remark of the Hon Judge 19th August 2011 on corporate fraud watch website (The NGO who has filed a case against SpeakAsia).
During the hearing on Friday(Aug 19th) last, the counsel for speakasiaonline stated that the business model of speakasiaonline is very complicated and very difficult to understand.
However, Jutice Raja Ilango in a sarcastic note wondered how he could understood that easily if it is that complicated and difficult to understand.
Immediately, The counsel for the petitioner changed the tack and started attacking the complainant, Corporate Frauds Watch and stated that it has no locus standi. The writ petition has gone to the extent of casting aspersions on Corporate Frauds Watch and stated that it was trying to be in limelight in filing such criminal cases against the petitioner company. At the end of that paragraph, the writ petition has also stated that Corporate Frauds Watch has been making unjust demands.
After hearing the petitioner counsel’s argument, Justice Raja Ilango emphatically stated that he would look into the locus standi of Corporate Frauds Watch later and asked the counsel to put forward the argument justifying the business model of speakasiaonline.
In a helpless mood, the counsel for the petitioner asked for adjournment.
Somebody correctly pointed, the business of SpeakAsia is complex, neither media, nor the police, nor the courts, nor the learned counsel of opposition parties, nor the learned counsel of SpeakAsia and Neither the panelist and neither SpeakAsia itself understands this complex business model. That is why their lawyers try and keep requesting for adjournment, so that they along with SpeakAsia can find out what this business model is.
Unfortunatley Hon Justice Raja Ilango has already understood this business model and as i said previously SpeakAsia is now riding a piggyback on those 115 panelist in SC because they know they have been caught.
They are trying a shortcut but i hope justice prevails and these frauds, some who are sick and lying in hospital fearing arrests and some who are absconding be sent to long term jail.
That’s right, the banks at first themselves did, and then the CID moved in. Speak Asia got an injunction against the CID, accounts unfrozen with over a hundred million US siphoned out of India, before the injunction was reversed and the CID got the accounts frozen again.
The accounts are currently frozen under a court order.
The RBI have nothing to do with it, ergo meeting with them is a waste of time.
That’s easy, because meeting with Speak Asia is a waste of time. All the RBI ever originally set out to do was see if Speak Asia had transferred more than was legally allowed out of India (before they siphoned the hundred million out).
You don’t need to be explained to how a pyramid scheme works to establish that, you just need to look at Speak Asia’s financial records.
Perhaps they should have wanted that when the company started back in 2010. Claiming you want to be legal after committing hundreds of million s of dollars in fraudulent and criminal activity and hoping to be let off the hook about it is a bit rich.
samir,i hear the 115 panelists have put up mukul rohatgi[famed ,very senior counsel]in the supreme court.
i hope he does a good job.
don’t worry ,we will put up some senior counsel in andhra who will explain everything to the judge.
have you read their writ petition?[it’s not a pil].
the writ petition prays-
unfreeze the account in india and pay the panelists through the court.
let investigations be done in a time bound manner.
um,where are you getting the part about not wanting to work with the company and NOT wanting the company to work in india from?by the way can citizens decide which companies can work in india or not?
are you pulling stuff out of your hat here?
Because u Anju live in a world of imagination.
These 115 panelist out of which one i know have written to RBI and other agencies not to allow SpeakAsia to work in India.
Their only motive is to get their investment out, they are not interested in SpeakAsia anymore.
And pls dont cry same thing again SpeakAsia is ready to pay the accounts are frozen that is why they are unable to pay.
If SpeakAsia was interested in paying they would not have sipphoned out 600 crores out of the Indian franchisee or distributor or networks bank account to Singapore and they did this after the Andhra court accepted their request of not freezing their bank accounts. 2 weeks later the CID of Andhra presented facts to court that in these 2 weeks 600 crores were already transfered to Singapore during investigation.
That is when the judge ordered to freeze the bank accounts.
If SpeakAsia wanted to pay they could have locally started to pay in those 2 weeks isnt it?
And SpeakAsia is fooling people like you that RBI had given orders to freeze their account.
For the umpteenth time, nobody is getting paid until these investigations are concluded and/or the court cases settled.
There’s just too much liability on the bank’s part, not to mention the CID who have the accounts closed at the moment (why on Earth people are acting all suprised that the RBI stated they weren’t responsible in the RTI is beyond me).
as of today the number of panelists in the supreme court has gone upto over 250.
it is not a prayer of the writ petition that the company not be allowed to work in india.
if one or two individuals are honing their letter writing skills by writing to the rbi etc ,good for them.
as a group theses 250 panelists are supportive of the company.
the court will go by what’s written in the writ and not by what one individual jutamaro feels.din’t he READ the writ before signing up for it?
I am repeating a statement because some blind faithfuls fools of SpeakAsia avoid reading and commenting on this.
If SpeakAsia wanted to pay they could have locally started to pay in those 2 weeks isnt it?
The money was still there in the franchisee accounts between 12th July to 24th July when a single bench court had accepted their stay in Andhra court, but instead of paying 600 crores were transfered to Singapore only after the court was informed of this did the court order a freeze.
That means SpeakAsia and their loyals like Anju are trying to hide the fact and fool the panelist that Indian banks frooze franchisee accounts in July when this money could have easily been use to pay the panelist.
But like every MLM and Pyramid scheme money is paid till the time new joinings are made and May and June joinings had stopped and there was no income of SpeakAsia so the best shot was to pull as much money out and let the investigation and case go on for years.
i’m not answering this question for the umpteenth time.
“SAOL DID NOT HAVE A SEAMLESS BANKING SYSTEM IN PLACE AT THAT TIME!”
ANYWAY this has gone on long enough .the coming week is going to be historic for saol.three things are expected to happen.
by the way saol has registered in bangladesh,phillipines and malaysia.
The Truth of SpeakAsia in terms of the lies they have spoken
Airtel, ICICI, Tata etc were their clients. The following people i know have spoken this in seminars and individually as well
Vijay Chauhan (Mumbai based panelist who joined SpeakAsia in 2010 made 35 lakhs by membership/joinings)
Statement of Sudhir Gupta before 12th May: Sudhir Gupta, the distributor of SpeakAsia states, “We just surveyed Tata Nano. We launched Samsung’s new range of LCD-LED TVs. Speak Asia also did surveys for Airtel’s logo change.”
“There is no limit to earning. From Rs. 4,000 to Rs. 40,000, you can earn as much as you want. Some people even get Rs. 4 lakhs to Rs. 4 crore a month.
LOL 4 Crore in a month doing Survey an individual can earn, Lol Lol
Statement of Manjor Kumar (CEO) after 12th May: “I apologise to those brands whose names were taken by my management or sales team. Since there was a miscommunication, I as the CEO own up on behalf of the entire organization.”
Manoj Kumar says, “We do not say or believe that anyone can pay us Rs. 11,000 and earn X amount of rupees. That is not our promise.”
If you can understand this was a well planned fraud, with topliners told to use names of Multinationals till the time they are caught.
Here are more truth of SpeakAsia Lies
1. Registeration, PE of Company, they kept saying they are doing this infact Manoj Kumar even went ahead and said they are doing it on a fast pace, again a LIE
2. They had done a lot of planning of everything, everyone knows what and how their planning is. Infact the company now puts a advertisement on Jobstreet for a Public Relation Officer and the company does not provide its own information, what is their business (model as loyalist say), here follow this link http://siva-sg.jobstreet.com/_profile/previewProfile.asp?advertiser_id=52337&dept_id=0&src=a
3. When UOB bank Singapore had frozen their bank account, they claimed, we will go to the Supreme Court, again a lie, they never did. UOB closed their account and returned the money thru draft
4. They were going to setup a ESCROW account which would guarantee payments, again a lie. The Escrow account ended up being a CROW which flew away.
5. They were going to sell YUG a german branded product. There is neither any brand or company called YUG in Germany, instead bought Chinese Products of a company called Hi-sense infact a panelist on facebook put 2 pictures, one of Hi-sense TV and one of SpeakAsia’s YUG and wrote Spot the Difference, the only difference was the name YUG.
6. They were going to launch in Malaysia, again a LIE
7. They were going to take winners of some scheme to Singapore which they changed to Malaysia after HT News showed their empty office with 2 employees. Unfortunately taking to Malaysia turned out to be a lie.
8. IBM had designed the site of SpeakAsia’s new ecommerce portal. Again a lie, 2 web designers were arrested from India and ever since site has not been updated. Site was hosted by a broadband hosting company in Singapore called USONYX, follow this link and it will show who is hosting this website http://www.speakasiaonline.com http://www.whoishostingthis.com/speakasiaonline.com
Next we will see what more truth of SpeakAsia Lies come out…..
Ya they have registered because they have said so, just like they use to say Airtel, ICICI etc are their client, just as they said they will take UOB Bank to Supreme Court, just as they said YUG is a German product, and just as they keep saying many things……
So? Here they are promising exit options and what not… and they still don’t have a seamless banking system in place do they?
If their priority was to pay panelists, they’d have got their shit together and done it. They had everyone’s banking details so it was just a matter of distributing the money.
Of course at the time Speak Asia were too busy producing Torchbearer videos and demanding the RBI hear their business model… quietly hoping nobody would ever find out about the 100 million USD they were quitely funneling into management’s retirement funds.
all indians on this site-watch CNN IBN today at 1 pm sharp.saol has started a massive PR drive and the first report is today.
please check out this link-
i called up this guy .it seems Google and our tata’s have launched a kpo[knowledge processing outsourcing]called E-KUTIR.
you pay Rs 11500 to join.
you recieve some simple google apps that you need to work for 15 minutes everyday.
you get paid rs 100 per day [ie rs 3000 ] per month.
for every pair referral you get rs 1000, till any depth ,with a capping of rs 100,000 per day.
once a market base is established tata will introduce discounted products under it’s brand name.
you can further earn by selling these products.
sound EXACTY SIMILAR to somebody WE KNOW?
we’re talking GOOGLE here.
we’re talking TATA here.
so can we make a wild guess as to why speakasia got into sudden trouble?
With some important court hearings coming up, of course they have.
What is the PR drive going to be? Lawyers demanding the public not see Speak Asia as a pyramid scheme or money game?
Cause that worked real well with the RBI…
That’s what he says, meanwhile I’m calling bullshit without an official website or further proof.
Just because some guy posts an ad with wild claims and tells you over the phone doesn’t mean it’s true.
And if on the offchance it is, please publish further proof or confirmation – as it too is obviously a scam.
Until then, don’t bother to use it to try and justify Speak Asia – as far as I’m concerned, this venture doesn’t even exist.
just spoke to the franchisee of google -tata,a himanshu sharma from delhi.
he sounded quite corporate.he said that he has attended the office inauguration function of this joint venture in noida ,delhi.he says news will start surfacing in newspapers and tv from tuesday onwards.i have given him my mail id and he will update me .lets wait and watch.
meanwhile the cnn-ibn update was just about okay, but from what we hear the channel will rapidly start turning it’s stance after tomorrows supreme court date.they have to start from a position of skepticism and then walk the viewers into positive territory.journalism ,anyone?
Cause that worked real well with the RBI…soapbox.
from what we hear things have gone pretty damn well with the rbi.
tomorrows court date is very important.very very senior counsel MAY appear on behalf of saol tomorrow.
How can you say that?
The RBI only ever set out to take a look into whether or not Speak Asia transferred more money out of India then was legally allowed.
They never gave a crap about the business model or felt the need to have it explained to them.
Given the RBI hasn’t publicly released its findings into the legality of Speak Asia’s overseas trasnfers (perhaps they too are waiting for the end of the criminal investigation), any assumption that ‘things went well with the rbi’ is premature.
If I didn’t know any better, I’d say you’ve already decided what the conclusion of tommorow’s court action is going to be and furthermore what IBN’s reaction to it is going to be.
Fortune telling now are we?
Believe it when I see it. Sounds an awful lot like someone trying to use the names Google and Tata to add some authenticity to a scam.
Like those instances where people claim to be partners with Google because they signed up for an Adwords account to promote an opportunity.
From the sounds of the IBN report, tommorow’s Supreme Court hearing is going to be a waste of time;
Because Speak Asia waited almost a year before going about trying to establish one. They started in early/mid 2010 and at any time could have opened a PE in India, but chose not to.
Now there is a delay because there are criminal investigations into the company.
Again, there are criminal investigations currently underway into Speak Asia and court action. No bank is going to permit fund transfers from a company that is currently under investigation for fraudulent criminal activity.
There’s just too much liability on the bank’s part as the outcome of the criminal investigations and court action cannot be assumed to go in favour of Speak Asia.
That’s why the banks froze the accounts in the first place, because the RBI were obviously put out the precaution based on their ongoing investigation into whether or not Speak Asia breached the legal cap of money transferable outside of India.
If this investigation resulted in the finding that Speak Asia had not acted illegally, why would they have sent out a cautionary?
These findings also explain why the RBI refuse to release the information contained within this cautionary as it no doubt points to illegal activity by Speak Asia.
This has no doubt been passed onto the EOW and CID as part of their own criminal investigations and legal action against Speak Asia.
That’s because you have Speak Asia crapping on about corporate survey clients when they are none, and their neccessant need to explain and re-explain to everyone their simple pyramid scheme business model.
The source of Speak Asia’s funding is panelists’ membership fees.
If tommorow’s SC action is just whinging about why they haven’t been paid, I imagine someone is just going to spell out the above points once again.
It’s not rocket science guys.
what do they mean RESELLERS PROGRAM?there is definitely something in the air.
i hear 350,000 people have signed up in the prelaunch phase.
soapbox-what if the rbi attends court tomorrow and states they have studied the business plan of saol and find no problem?
or if the rbi just retracts it’s cautionary letter?
that will be a wide enough window of opportunity for our lawyers to go storming in ,getting all kinds of reliefs from the court.
i mean something IS going to happen because there’s this great energy building up.
When we’re talking resellers and apps, it sounds like a straight up affiliate program. At least Google’s end. You sign up to them and earn a commission on apps sold.
Doesn’t say anything about a residual MLM compensation style plan and the article mentions an already existing reseller base that just needs help promoting an existing system.
The RBI never studied the business plan, nor sought to investigate it’s legality. The RBI were only interested in whether or not Speak Asia exceeded the maximum legal amount they were allowed to transfer out of India.
Speak Asia dragged the business model into it by demanding meetings with the RBI, but the RBI were never analysing their business model, nor needed a reason to understand it (as simple as it is).
If the RBI retracted its cautionary letter, which is doubtful seeing as they refuse to release the original details of it even now, there’s still criminal investigations ongoing into Speak Asia by the EOW and CID. The CID themselves fought to overturn the earlier injunction that unfroze Speak Asia’s bank accounts. By court order they are sealed.
And as for overseas funds, no bank is going to get involved until the criminal investigations are concluded. For the umpteenth time, there’s just too much liability on their part.
I really don’t see where you’re getting this idea from. Given the above circumstances, lawyers or no lawyers I remain of the belief it’s just a giant waste of time.
And I thought tommorow was about individual panelists collectively whinging about why they haven’t been paid, why would AISPA or Speak Asia’s lawyers get invovled? Or have they indeed hijacked the hearing as Samir warned about a few days ago?
I predict following the hearing that Speak Asia and/or AISPA will hold a press conference stating that the Supreme Court of India just doesn’t get Speak Asia’s business model and they need to have a meeting with the judge to explain it to them (again). Despite of course the business model having nothing to do with panelists demanding their money.
and I thought tommorow was about individual panelists collectively whinging about why they haven’t been paid, why would AISPA or Speak Asia’s lawyers get invovled? Or have they indeed hijacked the hearing as Samir warned about a few days ago?-soapbox.
of course the company is bloody interested. after all haren ventures and saol are respondents and get to say their piece in court.
the rbi is a respondent and needs to give it’s view in court.
aispa is bloody interested because after all these guys are panelists and all panelists by default are members of aispa.
aispa wants the company to PAY immediately.
except for the rbi,the stand of all the parties in court is we want payment immediately.
So they will indeed crap on about how nobody gets their business model and how they are doing all they can to pay anyone…
The RBI again were only ever interested in whether or not Speak Asia breached the legal cap for the amount of money transferred overseas.
They can choose to reveal the outcome of this investigation (if they’ve finished it) but beyond that, they never ordered the banks to do anything and haven’t issued a statement thus far advising the banks of the conclusion of their investigation.
What does that indicate…?
Not gunna happen whilst criminal investigations and court cases are ongoing.
The banks, the EOW and CID are not going to represented tommorow? Y’know they’re the only ones who can actually do anything about it (and AISPA and Speak Asia know full well they won’t, until the investigations are concluded).
see, you’re not getting the point.
an ngo writes to rbi complaining that speakasia is engaged in a money circulation business.
the rbi sends a cautionary letter to the banks that as it believes saol MAY be involved in money circulation, the banks should exercise restraint in operating saol accounts.
i have read the ‘c’ letter as it is part of aispa’s pil in court.however it is a secret document and cannot be uploaded.
saol requests a meeting with rbi through the courts and obtains such a meeting.
in the meeting saol hands over all it’s documents and even PROBABLY[i won’t confirm this] breaks it’s NDA.
rbi is convinced saol is not money circulation and agrees to withdraw it’s ‘c’ letter.
so by the act of withdrawing it’s letter, rbi is giving a clean chit to saol.
anju, you’re suggesting that immediately upon receiving a complaint, the RBI issued a cautionary letter – which is a load of garbage.
The cautionary letter was issued following an announcement by the RBI that they were looking at whether or not Speak Asia transferred more money out of India than was legally allowed.
Naturally when you’re investigating a company for illegal activity (a NGO complaint is not enough to act on, they would have had to have started a preliminary investigation themselves), you want to warn the banks as they might (unknowingly) enable Speak Asia to commit crime.
Rather then take a chance, the banks shut them down.
Whatever concerns the RBI had in the original cautionary letter haven’t been lifted, and why on Earth you think the RBI would wait for a supreme court hearing to announce it is beyond me. They are free to announce the results of their investigation and lift the concerns they initially had at any time, but have chosen not to.
Again I ask, what does that indicate to you?
And from what I gather, they demanded the RBI not refer to them as a pyramid scheme or money game and explained the simplistic business model to them, despite none of that having anything to do with investigating whether or not the amount Speak Asia transfered out of India was illegal.
The RBI were never concerned if Speak Asia was a money circulation scheme because they were never investigating this. Thus they have no reason to redact their cautionary letter and if they did, based on their investigation into whether or not Speak Asia illegally transferred too much money out of India, they would have already! They don’t need to wait for a Supreme Court hearing to do this!
The RBI cannot give Speak Asia a clean chit because
a. They themselves have stated they are unable to investigate the legality of Speak Asia business model ‘because it is a MLM company‘ (RBI quote)
b. they were never investigating the legality of Speak Asia’s business model, merely tracking the money Speak Asia sent out of India and seeing if it was above the legally allowed amount for international companies.
I could be wrong, but I really do think you are expecting too much to happen out of tommorows hearing.
but this week is really crucial.best of luck to us!
As the CID criminal investigations into Speak Asia continue, they’ve now linked Harendar Kaur to 25 previous
scamscompanies which the CID claim she used to dupe people with.
I wonder if Ram Pal is actually an Indian national… has anyone seen his passport? They also mention the CID requesting help from Interpol again (but no red noticed before anyone jumps up and down).
Is IBNLive the same as CNN IBN and weren’t you guys claiming that Speak Asia were doing some huge PR drive on there yesterday? Is this the end result?
Speak Asia do a PR drive and the next minute the CID are revealing more damning evidence from their ongoing investigations…
what is new about seven rings international?we already know that don’t we?
it was a failed business rather than a fraudulent one.
singapore has very strict corporate laws.if haren had opened and shut down 25 companies with a view to duping people she would have been roasted on a stick by this time.
ram pal is very much indian.HE LIVES IN MIRA ROAD PEOPLE-a congested and very middle class area.i can’t imagine a person who has earned hundreds of crores living in such a locality.
why do the authorities mind if 25 crores came into india?we all know speakasia has bought office space in goregaon,mumbai[8000 sq ft plush office].that further proves saols intent to stay instead of RUN doesnt it?
as i see it it’s all good .no problem.
It could be both. And that is your opinion.
That seem to be a fact.
That’s an opinion. You really don’t know how fast Singaporean government reacts to alleged fraud cases.
Seven Rings international failed because it was a fraudulent business. Much in the same way Speak Asia is and will ultimately fail (there aren’t enough people on the planet to keep those membership commissions rolling in).
The news is the 24 other companies mentioned.
Kaur and friends use Singapore to hoard money, they don’t I believe actually market any of their scams there.
Why not? He knows full well if he lives the life he’ll look suspicious.
Also the mention of ‘properties’ is not in reference to real estate I believe, but rather associated financial ventures and/or companies of Kaur and Speak Asia itself. In other words Speak Asia was a giant money game system shifting money from Dubai, Mumbai and Singapore amongst various properties.
So hows this Supreme Court hearing going…?
Has it been cancelled or rescheduled yet? Did the judge have a car accident, or did a plane fly into the court house this time?
They are saying its good news, it was in their favour and said something like SC has given 2 weeks time to EOW to file reply or investigation.
Nothing is clear as of now.
approximate news is as follows.
saol lawyer-the company wants to make payments not only to exit optioners but also to all panelists who have earned RP’s .
judge -so go ahead and pay what’s stopping you?
saol lawyer-we have no banking channels as rbi had circulated a cautionary note and no bank is cooperating since then.
judge-where is the rbi?why hasn’t it come today?when was the order served to them?
saol lawyer-18 days ago.
judge looses his head and gives rbi a shoutdown saying this is no joke.
saol lawyer-we cannot pay without our servers and site which are with the eow.
judge -i want the rbi and eow present on the 20th oct and this matter will be settled on the 20 th itself.
saol lawyer-we want a committee headed by a retired supreme court judge to oversee the payments.
judge-which retd judge do you want?
saol lawyer-said some name.
judge-okay we can get him for you.
so now after the 20th the supreme court will partner with saol in paying ALL the panelists.
we’ve moved up in the world!
isn’t it GREAT saol swiftly transferred the bulk of it’s money out when it got a small window of opportunity?
had the money remained in the frozen accounts of the eow ,saol could not have sauntered up to the supreme court jingling it’s pockets and offering to pay.saol would have had to wait for the endless ‘investigation ‘undertaken by the eow in ultra slow motion.
now i believe the matter will be swiftly decided at the supreme court level itself.
but with the money paid out there will be no fresh fir’s.
there is only one bail pending in andhra.after that all company officials can come out in the open and things will MOVE swiftly.
I did not know that if a bail plea is accepted the case of prize chit fund applied by CID Andhra is removed and case is Won.
LOL at yourself sameer[you and friend jutamaro are such laughing jackasses].
WHO said the andhra case would be won with a bail plea?
but getting bail means tarak &co will not be in jail right?
so they will be free to move around and WORK right?
we’re now GUNNING for the supreme court and the RBI. once they clear saol what can your andhra court do?at the most they can refuse permission to saol to operate in their particular state.who cares?
This lady does not even know that it was not EOW who has frozen the banks account of SAOL, it was the order of Andhra High Court.
The fun will began when court will ask to pay panelist the amount to be paid of Survey income is more than 2000 crores, while SpeakAsia wants to pay Exit option only, cause they dont have 2000 plus crores to pay as their income was new joinings which stopped after May 12th. These fools who think they will get their survey incomes will come to their senses after the exit payment if at all the court allows is paid and remaining panelist will be given nothing with option only to buy products using 20 percent RPs and 80 percent cash and that too for cheap chinese products.
Sooner than later even this will be stopped by Govt as they wont risk losing LG, Samsung who have plants in India to a cheap chinese manufacturer, this has happened earlier when cheap chinese car manufacturers wanted to get their cars here and under pressure from Indian and International car manufacturers who had plants in India, did not allow cheap chinese cars to enter India.
from Indian and International car manufacturers who had plants in India, did not allow cheap chinese cars to enter India-samir
really samir?you’re saying such conspiracies happen in an open free market system?but you don’t believe saol has been the target of a conspiracy?well you said it now.YOU SAID the govt of india will collude with strong indian and international manufacturers to shut saol down.
thanks for the info.
there are plenty of ‘cheap’ chinese products in the indian market today .it is totally the choice of the consumer what he wants to purchase.
eg-an apple ipad[tablet] costs over rs 40,000.reliance has come out with a tablet with all the same features for approx rs 10,000.so because it’s cheap it’s bad right?
This lady does not even know that it was not EOW who has frozen the banks account of SAOL, it was the order of Andhra High Court.-sameer.
all rightie mr knowall ,it was not the eow but andhra cid[big difference!].my point remains unchanged.
the date for the next supreme court hearing is 3/4 november not 20 th oct due to diwali vacation.
Given that the CID and EOW are releasing negative findings every 2-3 days… honestly, how do you think their investigation report is going to wind up?
We’ve got fraudulent accounts, no corporate clients, possible breaches of transferring out of India how much money is legally allowed (the RBI not showing could have been strategic on the part of the EOW/CID/RBI).
It’s interesting to note that with the owner of Speak Asia placed in the upline, and no doubt corporate as well, that paying panelists also entails paying them too.
Guess we’ll see what happens on the 20th. It appears payments hinge on Speak Asia getting a positive investigation report from the EOW/CID – and quite frankly, I really don’t see that happening.
It was always going to be decided in the Supreme Court. What you meant to say is ‘it will be decided without any input from the CID/EOW’.
That’s obviously not going to happen, so in reality (as I stated earlier) payments still hinge on the EOW/CID investigations. What has been established today is a court date for the investigations to be presented, whether they are finished or not.
(edit: I was going to ask about the holidays and how the date of the 17th had been set, seeing as this date was preponed because of them – so it’s the 3/4th Nov, thanks for clearing that up).
This I guess is a good thing. If the EOW/CID/RBI present enough damning evidence (which from the sounds of it, there’s more than enough), they’ll no doubt be given more time to continue their investigations.
I really doubt the Supreme Court is going to give Speak Asia the benefit of the doubt and stop the EOW/CID in their tracks at this stage. Don’t forget half of management are in jail and have been denied bail – no doubt as a result of what the EOW/CID have thus far found.
Then of course there’s the banks themselves, they might still be weary of doing business with Speak Asia themselves.
since you’re taking potshots at HISENSE check this out
not nearly as cheap as you think it is.
Please, we had Hisense in Australia. It’s bargain basement Chinese crap.
saol has the answers to all of the eow’s ‘findings’.
let them come to court at least.they’ve been avoiding the court like the plague.
if i dint know better i’d think eow is the ‘criminal’ avoiding a court face off with saol.
what the eow has are mere allegations .they need to back it up with PROOF.
Come now, unless you’re willing to share these answers you’re talking out of your arse.
I wasn’t aware the CID/EOW had any requirement to attend court recently? Wasn’t their case scheduled for November some time? Or if not, perhaps they were waiting till they’d finish their investigation before launching their own criminal proceedings.
These things take time.
Based on what?
I really doubt they’re just making up what they’ve found. We’ve got named officers who have gone on the record and others who have commented anonymously. Also we’ve got management still in jail and refused bail, the court won’t refuse bail without good reason – and that reason is surely tied into the progress of the EOW/CID’s investigations.
The judge today obviously thinks so too, otherwise they’d have just ordered the payments to resume in the absense of the RBI and without feeling any need to hear the status and findings of the EOW/CID’s investigations.
NO.the judge can order payments but the rbi has to appear before the court for the court to instruct it to withdraw the ‘c’ letter.
the eow has to appear so that the judge can instruct them to please bloody hand over the site and servers NOW.the judge can send them written orders ,but the judge has noticed that the rbi and eow are showing a tendency of sitting on their hands.hence the outburst against the rbi in court today.
by the way seven rings international,haren ventures ,tulsiyant tech,saol,kritang management are all tied together neatly with proper documented arrangements.
all the money flowing through them is above board and reflects in the papers of the company.nayan khandoor’s ‘brand salon’ is also under written documented contracts.
that’s why saol welcomes eow to a bunga bunga in the supreme court.
also,the senior counsel who appeared on behalf of saol today[gopal subramanium] has been the solicitor general of india.
guys like him don’t sully their names by appearing for pyramid scheme scammers.
nobody is in jail.there is one anticipatory bail plea rejected in the andhra court ,i’m sure saol will move swiftly on that now.
What happened to Admatrix? Ads have STOPPED coming in
ADMatrix. Payments not Made.
Everyone are Saying they are NOT able to PAY the COMMISSION because that Rascal Swine Ram Nivas Pal has VANISHED with Rs.17 Crores . I read here that he Lives in MIRA Road .
What idiot has Written that ? He lives in Lokhandwala & Purchased a BMW M Class during April last Week ,2011.
The AdMatrix Office is Closed . Can anyone tell the TRUTH what has happened ? Where is that BIG RASCAL idiot Rony and Manoj Khatri . They were talking BIG while SWINDLING People`s MONEY .
1000s of People who PAID Rs.15,000 have lot their Money.
Can anyone tell where EXACTLY is this BASTARD RAM . He Cheated in Seven Rings also . He cheated People before that also . How can Such People EAT & Sleep , I can`t Understand .
How can they LIVE on CHEATING others ? Ram Pal , will you atleast put the ADs and PAY people their MONEY .
Another BIG RACKETEER is that BIG BITCH Anne Wessel. Where is she ? She vanished from FACEBOOK now . She was only talking NONSENSE. She is BIG THIEF. Why can`t see come out and TELL the TRUTH . since she is also a PART of BIG GANG of FRAUDSTER she Vanished .
Can someone EXPOSE these PEOPLE , one by one . They are :
FRAUD NO 1 : Ram Nivas Pal and his Wife Preeti Pal.
FRAUD NO 2 : Rony and Manoj Khatri
FRAUD NO 3 : Anne Wessel .
FRAUD NO 4 : Hemant who was my Upline .
Plz can anyone FIND these PEOPLE .
Are you sure that the next hearing is scheduled on 3/4th Nov and not on 20th??
The C letter doesn’t instruct the banks to do anything though. And even if it’s withdrawn, it’s just a cautionary anyway, and the contents of it still stand.
What, you think that if the cautionary is retracted that if Speak Asia are found to be conducting financial fraud that the banks won’t be liable? Of course they will be and they know that.
Banks have their own lawyers advising them.
A court ordered retraction of the cautionary isn’t support from the RBI, as they were never charged with investigating Speak Asia’s business model on a criminal level, just their overseas transactions.
The banks still have to worry about fraud and criminal activity, they don’t want to be liable for aiding and abetting a criminal organisation.
Not gunna happen unless the results of their criminal investigations are heard. And if what they’ve been telling the media is backed up with court presented evidence, a judge would have to be mad to order this.
…so you say. And that still leaves 20 companies of Kaur’s in question.
The 25 companies is just the latest claim. The big ones are fraudulent accounts and the lack of corporate survey clients.
Cmon anju we’re talking about lawyers here, not moral crusaders. Lawyers will represent anyone if the money is right. Speak Asia has over a hundred million dollars of panelists money to tempt lawyers with.
Bajpai is on medical release (still in custody?) and the other 5 had bail rejected last week, so they’re still sitting in jail (custody) too. I hadn’t read they’d been released anywhere so assume they’re still being held.
What happened to Admatrix was what should have happened to Speak Asia. They shut it down and fled with the money.
Speak Asia got too big too fast and the Pals buggered up their exit strategy so now they’re stuck fighting legal battles.
He’s hiding in a Mumbai hotel somewhere running Speak Asia with his brother. If he hasn’t fled the country already to Dubai (when was the last time anyone saw Ram?)
If it’s so high-quality why would they need to slap a sucky name like “YuG” on it and claim it’s “German engineering”? Or are you claiming it’s SAOL’s idea to do so? And you really think SAOL would be ordering hi-end stuff?
Though I’ll admit there are some even WORSE brands in Australia. Palsonic, Neoniq, Senzu, Vivo… Wonder if any of THOSE are made by HiSense? 🙂
Don’t you remember what happened to SAOL’s first lawyer? He quit after one week.
bajpai is on bail.the others had anticipatory bail petition rejected.this means the andhra police can arrest them if they want.but they haven’t come forward to arrest them as yet.they cannot arrest bajpai or mehrotra till the doctors don’t give them permission.
So Bajpai and Mehrotra are now hiding from the authorities in hospital (both seemed to have developed mysterious illnesses after being arrested), and are unable to assist the authorities with their investigations into Speak Asia?
Wow, now who’s stalling things.
I can’t help but wonder how much Bajpai and Mehrotra’s made to order illnesses cost Speak Asia?
Don’t you remember what happened to SAOL’s first lawyer? He quit after one week.-chang
get a move on in life chang.the first lawyer ‘quit'[we know the real reason,but wait for all this to get over].since then which lawyer has quit?
phoenix law [top five in india]
abidi[senior pil lawyer]
rajiv ranjan[writ petion -supreme court]
mukul rohatgi[ex solicitor general]
gopal subramanium[ex solicitor general]
whatever your opinion of lawyers may be ,and i share them
too,when you enter ‘hallowed ‘spaces like being the solicitor general you tend to tread very carefully.we have thousands of corporates in india there is no shortage of high paying cases here.guys like mukul and gopal must not be having breathing time.
they can easily ignore a speakasia, if they feel it could boomerang on them.
well soapbox,people can’t help it if they are unwell you know.
i’m really hoping they enjoy their R&R till this whole thing blows over .
if the eow have any important questions to ask them they can visit them in hospital,who’s stopping them?
the eow can take years and years to complete their investigation how much cooperation do they expect?
besides these are doctor’s decisions,who are we to question?
chang, the name YUG is most unsucky.
yug is hindi word meaning an age-Any one of the four ages, Krita, or Satya, Treta, Dwapara and Kali, into which the Hindoos divide the duration or existence of the world.
so naming a product line yug would mean the ‘the coming of a new age[in consumerism]’.it’s apt and finds great resonance with the indian mind.
GOOD CHOICE-i say!
it seems saol ,by way of an affidavit, had placed with the supreme court a 60+ page document explaining the business model of saol about a week before yesterday’s hearing.
so yesterday the two judge bench arrived in court with full info of the company.gopal subramanium ,verbally also explained the business model in court.
the judge lambasted the finance ministry and rbi for harassing the company and it’s participants!
the road makes a U turn from here onwards folks!
Is there any hearing on 20th October.Please confirm
due to the diwali vacation the court will reopen on the 3/4 of november.so a hearing will be close to these dates.
I’ve addressed what you’ve written in my latest article.
I can’t believe Speak Asia would stoop to committing perjury. Although quite frankly I can’t say I’m surprised.
Speak Asia have to spend so long explaining to everyone their business model, because the business model they are explaining is LIES!
contact money life .they love exposing true blue companies as fraud but don’t really bother about other scams.ask them to write article after article on admatrix.
contact corporate frauds watch.they have lots of money and lots of time.give them a chance to do something HONEST for once in their life.
but i know the above won’t help.they dance to the beat of a hidden drummer.
file lots of fir’s all around the country, maybe if a few eow officers ,are not on speakasia duty ,they may help you.
anne wessel daughter of gerard wessil….. go on and google
So this Gerard Wessil fronted Kumar’s past “Mango Universe” MLM venture through Tulsient, and took Elia de Prisco, Rajiv Mehotra, Ram Nivas Pal and friends along for the ride in the mid 2000s.
Fast forward to 2011 and Gerard’s daughter is used to front the Ad Matrix scam. I trust this will all come to light in the authorities’ various investigations.