The lies of Satish Pal
Following on from the arrest and interrogation of Speak Asia mastermind Ram Sumiran Pal on Tuesday, news broke today that his accomplice Satish Pal (no relation) had also been arrested.
Following a grilling by Indian authorities, Satish Pal revealed that he ‘played a major role in’ the business operations of Speak Asia, working closely with Ram Sumiran Pal.
On October 11th 2011, I received an email from Satish Pal with an attached PDF. In this document Satish Pal claimed that the content in the BehindMLM article “Who is really running Speak Asia” was ‘false, fake, defamatory, disreputable, baseless, scandalous and unjustified‘.
Satish threatened that if the content was not removed, he would
be constrained to intimate, approach, seek redressal from all available forums including but not limited to seeking forceful restraint, stoppage of your website, cancellation of domain etc. Needless to say both civil and criminal.
Apart from making the correction that was not related to Ram Sumiran Pal or Ram Niwas Pal (brothers), I didn’t remove the content.
Now, just over two years later Satish Pal has been arrested for his part in the Speak Asia scam. Let’s take a look at what he sent me back in 2011 versus what he yesterday told the police interrogating him.
Today Satish Pal (right) readily confesses his involvement in Speak Asia and association with Ram Sumiran Pal.
Satish Pal told cops that he has worked in different companies in Delhi and had shifted to Mumbai in 2007. There, he came into contact of Pal brothers and joined their company, Seven Rings, police said.
In 2011, when the accused persons wrapped up the companies after cheating a huge amount of about 2200 crores, he also escaped from Mumbai and hid himself in Najafgarh.
“To evade police arrest, he went to Malaysia thrice. With his share in the scam money, he bought another company, Web Excel Solutions registered in Malaysia, and on the basis of the profile of this company, he succeeded in obtaining work permit in Malaysia.
He remained in constant contact with the prominent members of the company through out. In 2012, when Ram Sumiran Pal went to Malaysia to avoid his arrest, he stayed with Satish Pal for more than a month and he provided him all the logistics in Malaysia.
This is in stark contrast to what Satish sent me in 2011. Back then, while he was running from the law and trying to cover his tracks, Satish wrote
I am nowhere related, connected with Mr. Ram Sumiran Pal. Being acquainted doesn’t mean relation or association.
You have made me associates with Speak Asia, involved with Speak Asia, part of Speak Asia etc.
Fact: This is one of the wildest imagination and allegation.
I have never been part of speak asia, I am at no point of time have been associates with speak asia, I have not been franchisee or even bough any membership of it.
I have also been never involved in any surveys, promotions or in any way whatsoever.
I am neither brother of Ram Sumiran Pal nor have anything to do with any of the company you have mentioned.
Oh Satish, how those lies have caught up with you today.
He then went on to deny any association with Manoj Sharma Kumar, who runs both Speak Asia and parent Ponzi cartel Seven Rings International:
I have never met, not known personally nor even worked with Mr. Manoj Kumar.
Worked in two companies owned/operated by Kumar and have not met or worked with him? Riiiiiiiiight.
In subsequent emails between myself and Satish, I questioned him as to why he was promoting Speak Asia in social networks if he had nothing to do with the company:
Hi Satish
Thanks for providing your clarifications, I’ve re-written the article to reflect your new information.
Two things still do not add up though and I’d like your further clarification on the matters;
1. Why were you promoting Speak Asia on palkut (please don’t deny this, your account was publishing links to Speak Asia videos etc.)
2. You claim to have never worked with or been associated with Manoj Kumar, yet you worked for Seven Rings – of which Manoj Kumar is an executive of (specifically in India).
Let me know if I’ve missed anything in the alterations I’ve made to the article,
-Oz
Satish replied,
You have derogatorily asking me questions. Am I responsible for something being done of social networking site, thousand od people visit, post comment, liks (sic).
Site like facebook are hacked, obscene message, link published on daily basis. Is this ground of inference.
If someone is associated or not in explicit of hidden manner can be know only when things are out in open. Is it necessary that we are aware of everything happening around us.
I still maintain that I have neither knowingly worked with any manoj kumar or associated with him. I am also not any friend or associate of any of the other pals you are mentioning.
Yes you read that right, caught out joining a Speak Asia group started by Ram Sumiran Pal and uploading Speak Asia marketing videos on the Palkut social network, Satish Pal pulled out the old “I got hacked” routine.
Things then deteriorated as I pushed Satish to explain inconsistencies with what he’d sent me and what I’d found via research. Satish eventually went on to threaten the filing of a criminal complaint.
I have conveyed and conveying again. I am no way related to, friend of, associate of or otherwise with Ram Sumiran Pal, Ram Niwas Pal or Manoj Kumar or Speak Asia or____________________ (sic).
Therefore, I am reiterating following action:
1. Remove all defamatory, incorrect, malicious, fraudulent, factually incorrect matters from your website and
2. Issue fair statement.
I am planning to take legal action against you and your website. In case you fail to do so, I shall be compelled to file criminal complaint both with nearby police station and cyber cell.
Since you are not providing your contact details and publishing defamatory, incorrect, malicious, fraudulent, factually incorrect matters about me, you are helping me take severest action against you and the police authorities.
I am also contemplating action against your website so that your domain can be closed through WIPO and concerned server in case you fail to take corrective measures.
Further, you are also liable for necessary damages for harming my reputation.
Awaiting your prompt response and necessary action.
Satish Pal
I replied back,
Satish,
I’m not changing anything without a satisfactory explaination regarding your inclusion in a Speak Asia group set up by Ram Sumiran Pal on the social networking site Palkut, along with the publication of pro-Speak Asia material from your Palkut account.
Your tracked online activity does not match your statements.
-Oz
That was the last I ever heard from Satish, with the above email going unanswered (sent 2nd January 2012).
No doubt following his arrest Satish will be seeing plenty of facetime with police, during which I wholly encourage him to voice his protests and lodge that “criminal complaint”.
Let us know how it works out chief…
If anyone feels like questioning my decision to spambin anjali, just check out the first comment she left on the “Who is really running Speak Asia” article:
Two years of spreading her bullshit on here is enough. I can’t be bothered moderating her mountains of deceptive spam anymore.
Yeah, right.
We’ll question your decision right after we stop those flying pigs divebombing the unicorns under the light of the blue moon.
Speakasia is a nice example for people who get involved in get-quick-rich scheme. You cannot fight with TRUST and HOPE when money is involved. Those who have invested money in speakasia are hoping to recover their money from exit option or from authority.
One thing you have to ask yourself, is it possible to get this money back? Most of the amount is transferred in other countries. The rest is used for buying real estate, Mercedes, opening restaurant, funding AISPA, fighting court cases, sponsoring other ponzi/pyramid schemes etc. How can you hope to recover this money?
After more than two years how many people came forward to file a complaint against speakasia? You may ignore the news reports quoting government agencies but how can you trust the people involved in such scam?
Government agencies like EOW, SEBI and RBI have responsibility and they are answerable to authority. Your FB speakasia support groups, AISPA, Mobi-club are answerable to whom?
You have to ask only one question to verify speakasia: What speakasia (or AISPA) has achieved in two-three years or what speakasia has done to prove its so called business model?
The speakasia operators are just bunch of goons running around and hiding from authority with the money they have looted from the PROUD panelists of speakasia.
After hearing this news I am worried for them who are working in their newest scam know as Qbule India and so called all over world.
Behind Qbule Ram sumran started planning way back in June or July as per information given by one of his aclosest one from Uttar pradesh India now company office in Bangalore Wtc.
So and registered directors are again a mistry. So god bless them if he confessed about his newest scam at the time of investigation.
New *business* started by people involved in speakasia management
http://www.enisadya.com – a consumer empowerment concept by Narayanan Rajagopalan
Check this link -> in.linkedin.com/pub/narayanan-rajagopalan/23/6b3/74
http://www.7gofriworld.com – MLM about sports bets by Elia De Prisco
Check this link -> http://www.7gofriworld.com/chi-siamo/
I know this comment will hurt, but it needs to be said
There is nothing worth being proud about… The panelists were sheeple being lead astray SEVERAL times
First by SpeakAsia leaders themselves
THEN by the various puppet organizations, probably covertly funded by SpeakAsia to obstruct any investigations by offering false hope to the panelists
LEAD astray and fleeced… FOR YEARS
While independent analysts (and later, the government) have warned over and over that it’s a scam.
That’s nothing to be proud about.
The pride had BLINDED you. Now see the truth.
More lies uncovered today…
Satish Pal in 2011:
TOI today:
Speak Asia’s scammers are all in the family.
Next we’ll find out the Pal brothers are all the illegitimate children of Manoj Kumar and Harendar Kaur…
Oh and here’s one of the reasons the exit payments are a load of bollocks. Want to know where your invested money went?
Speak Asia can’t pay out more than you collectively paid them, let alone what the admins spent on additional personal assets.
http://timesofindia.indiatimes.com/city/mumbai/SpeakAsia-duo-in-Economic-Offences-Wing-custody-till-Tuesday/articleshow/26598272.cms
In related news the Mahrashtra government (where Ashok Bahirwani and friends are all located) has launched an advertising campaign aimed at investor awareness.
http://timesofindia.indiatimes.com/city/mumbai/SpeakAsia-duo-in-Economic-Offences-Wing-custody-till-Tuesday/articleshow/26598272.cms
All the Speakasia scam news, arrests, EoW, court cases, etc. seems to be concentrated in Mumbai, Hyderabad, and Delhi. All these Pal brothers hail from very, very corrupt State of Uttar Pradesh (U.P.)and the most populous State of India.
Has any FIR been filed in U.P.? Has the EoW in U.P. been active in tracking Speakasia criminals?
At your website I had provided link of a Speakasia distributor Venus Multilinks in Jabalpur, Madhya Pradesh to whom collections from panelists were being sent by one of its agents from block K, Ashiana, Lucknow, capital of U.P. Any further news on this agent or distributor?
I had tried to file an FIR against Speakasia in Lucknow including this agent of Venus Multilinks, but was unsuccessful and booed out by hired thugs.
Ram Niwas Pal the brother of Ram Simran Pal and also one of the alleged master minds of the fraudulent online survey scam of Speak Asia has been arrested from Bangalore on 02.12.2013. The Mumbai editions of the TOI nad DNA newspapers dated 03.12.2013 have reported this news.
http://indiatoday.intoday.in/story/speakasia-fraud-case-eow-team-speakasia-online-enforcement-directorate-indian-investors/1/326057.html
http://www.punemirror.in/article/62/201312042013120410035946f0bfe372/Rs-2276crore-scam-kingpin-reneged-on-Rs-22000-rent-pm.html
Ram Niwas Pal was operating one more company with shady business:
Rbn Infrastructures India Limited was registered on 30 January, 2009. Rbn Infrastructures India Limited’s Corporate Identification Number (CIN) is U70102MP2009PLC021573, Registeration Number is 021573.
Their registered address on file is 204, 4th Floornandini Apartment, Morar, Gwalior – 474006, Madhya Pradesh, India.
Rbn Infrastructures India Limited currently have 6 Directors / Partners: Ranveer Singh Baghel, Ram Niwas Pal, Ashok Kumar Pal, Ranveer Singh Baghel, Ram Niwas Pal, Ashok Kumar Pal, and there are no other director / partners in the company except these 6 officials.
What do they think Kumar is paying his lawyers with?
I’d be knocking on Phoenix Legal’s door to start with and tracing how exactly they’re getting paid.
We know who’s at the top of the food chain, with the Pal’s in custody that leaves Kumar – and I’ve been saying all along he’s been financing things from his fortress of solitude in Dubai.
As per the Commissioner, sounds like the plan is file chargesheet and then drag Kumar in by his nuts. Let’s see if they deliver.
That logic didn’t make much sense?
2,276 crore / 24,06 lakh = 9,460 INR average investment. That’s less than the 11,000 cost of subscription + 1 panel per panelist.
Each ACCOUNT could have up to 3 panels and 27 subpanels. The average investment whe I checked 40 complaints on a consumer complaints board was 3-4 panels per panelist = 30,000 to 44,000 in investment
Probably the 12 lack figure is the correct one. Averaging 2 panels per panelist will lead to 1,200,000 * 2 * 11,000 = 2640 crore which is a close approximate.
OZ is right. Nothing will be recovered unless and until Manoj Kumar is brought to books as he was running the master franchisee by name tulsiyat and was responsible to send money outside India.
He must be knowing where the money has gone and still have control over funds. Watever money EOW has recovered till now is by freezing the accounts and properties of franchisee and panelists who are no more than agents working on commission.
EOW seems to be less interested in laying their hands on Manoj Sharma and are happy getting paid by him from Dubai to implicate others who are no more than puppet.
With properties attached and accounts frozen, they don’t have a chance to fight a legal battle leaving them vulnerable to get impliicated very easily. This is not the case with Manoj Kumar having control on funds stashed abroad at his disposal.
This is crap talk by one not knowing how the law works. You should know that EoW is short staffed and to handle criminal cases of such magnitude takes much time.
I will be only too happy if the criminals are brought to book and go to jail for a long time along with their cronies including along with Ashok & Anjali Bahirwani. I would say that my 22k have been well spent to book such rascals.
Keep it up EoW. You are all doing a great job though I will not say the same for Mumbai/Andhara High Court or SC who have been delaying delivery of justice in this speakasia scam by allowing the culprits to squeeze out even from tight corners.
That method will be a logical fallacy, i.e. you can’t assume that one of two numbers are more “valid” than the other without any logical explanation for it. Math doesn’t make sense as a method if it isn’t supported by logical rules.
2,276 crore was the initial amount estimated via forensic investigation of SpeakAsia’s database. It’s probably the amount that has been REGISTERED in the system as paid in / transferred to somewhere through Manoj Kumar Sharma’s 3 companies.
The 2,276 crore is too low to be realistic, i.e. it isn’t reflected in any of the other numbers. It will fail logically if you compare it to other information from the same set of information (the forensic investigation set of information). It will fail logically if you compare it to other information too.
I may not understand law neither do i claim to be a legal expert like you, but i do undertsand things which are simple and clear. In India there is one common reason every government agency give for their inefficiency is lack of staff but on the hind sight they waste plenty of time in extorting money from the accused and their families who fall into their trap.
If you don’t know that then either you are ignorant or one of them. Speak Asia case was cracked by EOW long before when they arrested master collection agent, owner of tulsiyat and kritanj who were responsible for sending money out of India.
Rather than tracing that money and bring people who are controlling that money to India, they are arresting franchisee/panelist/manager in India in the name of investigation so as to extort money from them and their families and boast it as great success taking all the accolades from media.
Till now only 142 crores has been recovered, where is the rest 2000 crores which was sent outside India? it must be lying in some account, who is the beneficiary of that account?
A scamster’s main interest is to secure and safeguard his illicit earned money for a better future, a cheater will never entrust anyone with his money. You lay hands on that money and you get your guy nearby trying to save it, EOW is not naive to understand that.
If they are not laying their hands on Manoj Kumar and Haren Kaur, they are standing to their loyalties… Chor Chor Mausere Bhai!
The sting operation!!!! by AISPA!!! It is not a sting operation!!
When it take birth after 9 months after its 1st seeds implanted, it can not be called a STING OPERATION !
The video must be @ 30 minuites run, and minimum 8 times it has been retrenched and made it of 3-4 minuites!
It is the menace to the particular ENTITY(IES), the last implement with AISPIANs to put forth real culprits who disconnected all the communications with all his PAWNS on the board!
(Ozedit: Stick to the Speak Asia case please, anything else is offtopic)
Some info coming , says EOW will file CS in FIR 60 this week. Let us wait and hope for the best!
@Sajal Sameer
Your above post does not appear here whereby false case is being made against Mr. Kkhosla by the crying Ashok Bahirwani after the cat is out of the bag and in EoW custody being the Indian counterparts of speak asia scam. Ashok will be soon headed there too where he will be made to sing like a canary.
This may be off topic. Please keep in mind that both BJP and Congress were filing false cases against AAP in Delhi and belittling AAP.
Who had the last laugh in the recently concluded Delhi Assembly elections? AAP of course that was formed just one year ago to root out corruption. Arvind, convener of AAP, decimated former Congress CM of Delhi, Shiela Digshit and her party could hold on to only 8 seats while AAP romped home with 28 seats.
This is what is going to befall this speakasia scamsters and its supporters like Satya Bachan (no kin of Amitabh Bachan). Like earlier posted I would say that my 22k loss at the hands of cheats of speakasia is going to be well spent kicking the butt of these scamsters into jail! Dec 16 is just around the corner.
Once again a big scam also coming on front a big fraud done by again this mastermind Name .satish pal. He made a fake compney name hashcorecoin.com. and looted once again.
this mastermind cheated lots of ladies from laxmi nagar. dwarka and janakpuri he came from nagafgarh and looted person as they commit. people for double or triple their money and after he escape.