Who is really running Speak Asia?
Despite vehemently denying the fact that Speak Asia wasn’t just making up its surveys and relying on new membership fees to generate profit, it has come to light that Speak Asia’s surveys were indeed ‘sourced mostly from Wikipedia and other sites on the Internet‘.
A far cry from the corporate clients the company claimed to have and subsequently vowed to protect the names of in the interest of competition.
Although Speak Asia supporters claim investigations by the EOW are going nowhere and have assured themselves of a landslide victory in court over the next few weeks, evidence to the contrary continues to inconveniently surface.
The latest is the arrest of web designing firm Brand Saloon Inc owner, Nayan Khandor. Following his arrest, Khandor confessed
he was aware that the surveys he was doing for Speak Asia were not being used for any genuine purpose.
Speak Asia used to pay him anything between Rs 30,000 to Rs 1.5 lakh per survey.
In a nutshell, in order to keep their scam going and get new members on board, Speak Asia would provide Khandor with
a list of topics that were to be considered for future surveys.
The topics included use of scooters, deodorants, talcum powder, washing machines, power saving etc
Khandor and his team would search information related to the above topics on Wikipedia and other sites on the Internet and prepare a survey.
Corporate clients? Sure guys.
Interestingly, once Khandor finished his fake surveys he didn’t send them back to Speak Asia. Instead, he sent them off to Seven Rings India or Tulsiantek.
Seven Rings Education Private Limited and Tulsient Information Systems are both companies with involvement by Speak Asia’s Indian CEO, Manoj Sharma Kumar.
Seven Rings International appear to be playing an ever increasing important role in the operation of Speak Asia – just days ago they were implicated as a vessel to shift money around from Singapore by the CID.
In acting as a shell company to launder money through, Seven Rings is not alone – fellow scam company AdMatrix were also implicated in Speak Asia’s money trail back in August.
Speak Asia, AdMatrix and Seven Rings International… there definitely seems to be a financial connection between these three companies – but to what end?
Today I attempt to put an answer on that very question.
To begin, let’s take a look at Speak Asia’s public CEO’s, Harendar Kaur and Manoj Sharma Kumar.
Harendar Kaur operates out of Singapore (although she is now rumoured to be hiding in Dubai), and seems to have been brought on board solely as part of Speak Asia.
Kaur owns Haren Ventures, which had a string of failed previous business ventures until she came on board Speak Asia.
As far as I can tell, there’s no connection between Harendar Kaur and Seven Rings or AdMatrix.
Given the lack of apparent personal involvement and seeming disconnect over the management of Speak Asia by Kaur, other than acting as a vessel through which to funnel money through, I’d take an educated guess she’s nothing more than a figurehead.
In the months following Speak Asia’s regulatory troubles, the only word from Harendar Kaur has been a handful of signed letters published online (which may or may not be accurate).
As far as I know, Harendar Kaur hasn’t been seen or heard from outside of these letters since May 2011.
Manoj Kumar’s association on the other hand, started sometime back in 2007 as part of the management group of Seven Rings International.
Listed as ‘ManojKumar Renu Sharma’, along with a ‘Dharamveer ManojKumar’ and ‘Manmohan Mehrotra Rajiv’, the trio appear to be responsible for bringing Seven Rings International to India under the name of ‘Seven Rings Education Private’ operating out of the now defunct ‘sevenrings.biz’.
(I’m not entirely sure of the source of that list, but it appears to be a government directory of registered business names and corresponding registration numbers).
As far as Speak Asia goes, Kumar was overnight announced as the CEO on May 15th of this year.
Prior to that he was pretty much unknown publicly, however he was operating in a management capacity as early as February 2010 as Khandor also confessed that he ‘met SpeakAsia CEO Manoj Sharma in February 2010 (and) was given the task of creating e-surveys and e-magazines for the firm‘.
Kumar’s appointment as Indian CEO is important as firstly it raised the question of ‘why would a company solely operating in India need a global CEO and Indian CEO?’
This pretty much confirmed that Harendar Kaur’s title was nothing more than a figurehead position with no real authority within the company.
Secondly, as seen on Bloomberg UTV’s ‘Exposed’ show, it confirmed what this gentleman had to say regarding the operation of Speak Asia.
From around 2:30 into the following video, the unnamed ponzi scheme operator details how he starts the schemes ‘only as a consultant‘ because ‘if there is a problem, then no one will be able to find me‘.
At around 9:30, he goes into the operations behind Indian ponzi schemes some more, emphasisng that ‘as a promoter, it’s important not to reveal your true role in the company‘ under any circumstances.
12:30 into the program, they start to talk specifically about Speak Asia. The interviewee (who is being interviewed in Mumbai of all places), claims
the leader of Speak Asia is staying in Mumbai only. Today he has collected 1000 cr.
The franchisees have been caught and the mastermind is still in Mumbai.
He goes on to accuse Harendar Kaur of just being a ‘dummy‘ (or figurehead as I proposed).
At 17:20, AdMatrix is then introduced as a company started by the brother of the Speak Asia mastermind. The interviewee claims the person behind AdMatrix is hiding in a hotel ‘because he cannot stay at home‘.
Brothers, AdMatrix, Seven Rings International, Speak Asia and being at the near top of the company downline, without giving away your position in the company…
…there’s two brothers that link all of this together perfectly.
Ladies and gentlemen, I’d like to introduce you to Ram Sumiran Pal (photo right), his brother Ram Niwas Pal and their associate and friend, Satish Pal.
Starting with Seven Rings International, Satish Pal was promoting that in March 2007, just a month and a half after the Seven Rings India website (sevenrings.biz) was registered (Jan 30th).
Allowing for some time to set the business up, this places Satish Pal quite high up the distributor list of Seven Rings.
Seven Rings International was purportedly based in Italy, but only operated in India. This fits the ‘pretend a company is offshore but run it locally’ methodology described in the Bloomberg video perfectly.
Unfortunately, Seven Rings International used a recruitment driven compensation plan (matrix and paired binary) similar to Speak Asia and no doubt died a slow death.
The company Seven Rings International is still registered in India today.
Fast forward to 2010 and we see the launch of Speak Asia. Only this time it’s Satish’s friend, Ram Niwas Pal who is in the ‘frontline’ so to speak.
AISPA’s ‘anju agarwal’ even goes so far as to suggest the Pals (Sumiran and Niwas) are the first members in the Speak Asia downline,
I can also say ,with all the talk i keep hearing,that the pal’s are only franchisees, albeit rich successful franchisees.
when speakasia was launched they were probably offered the first franchisee ship and they happily accepted.
Curiously she also states that
they had the EAR of the company management but nonetheless they are only franchisees.
They have worked with manoj kumar in his sevenrings venture and probably got along like a house on fire.
No doubt, but really… the had the ear of company management? Could it be because they were the ones actually running things?
Moving on to AdMatrix, Ram Sumiran Pal’s heavy involvement is no secret. Ram’s wife, Preeti Pal announced herself and Ram were ‘doing AdMatrix’ back in March this year.
Various other sources clearly show that Preeti and Ram Sumiran were more than just members of AdMatrix.
On ConsumerForums they are listed as ‘top leaders‘, again fitting the model of not presenting yourself as management despite running the scam.
On the same page, a Vipin Sharma claims
weekly ads are stopped from last week,the mobile sms service is stopped, Mumbai office is closed there is no one answer the querries the man (Mr Ram pal Mob no 09004444400) who is responsible for all lead role now absconding from Mumbai.
Responsible for all lead role? Sounds pretty high up and absconding from Mumbai…? Could it be Ram Sumiran Pal is hiding in a hotel as the Bloomberg report interviewee claimed?
Ajay Govind over at Internet Work Marketing confirms that Ram Sumiran Pal and his wife have indeed fled;
Also, all offices in India closed down. Mr. Ram & his wife Priti are not to be seen.
Finally, there’s a post over at the Daily Bhaskar (in Hindi), which BehindMLM reader ‘Observer’ claims that
it is commented in Hindi that Ram’s wife Preeti Ram Pal was running Admatrix administration from her office and also collecting cash payments there.
With AdMatrix crashing down, we’ve got a solid reason for Ram Sumiran and his wife Preeti to be hiding in a Mumbai hotel and ‘unable to return home’ as the interviewee stated on Exposed.
Ram Sumiran and Ram Niwas’s associate, Ram Satish Pal hasn’t publicly been linked to Speak Asia but he did join his friend Ram Sumiran’s ‘Speak Asia Support’ group on the Palkut social network, indicating he’s got a vested interest in the company.
You could argue that he only joined the group to support his friend, but on Satish’s own personal profile, he also has published links to various pro Speak Asia media.
Ram Sumiran’s brother, Ram Niwas Pal himself isn’t publicly known within Speak Asia as he’s kept a low profile.
No doubt however high Ram Sumiran sits on Speak Asia’s distributor list, you can bet that Ram Niwas is however somewhere above him, if not at the top itself.
As it stands, we’ve got one gentlemen on ‘Exposed’ who made a whole bunch of claims, all of which appear to be verifiable on their own through a variety of sources.
These sources don’t paint a complete enough picture on their own, but when combined with eachother present a pretty convincing case.
What’s more probable, that Ram Sumiran and his brother Ram Niwas just happen to be involved at a top distributor level in Speak Asia, AdMatrix and Seven Rings International (all of which the EOW has traced money through which makes no sense seeing as public management of Speak Asia and Seven Rings is unrelated to AdMatrix), or that they are indeed, as the interviewee on Exposed (who clearly seems to know what he’s talking about given the depth of knowledge he displays in Indian ponzi schemes), are running things?
I’m a big fan of the simplest explanation and it’s quite obvious that the Pals have had a finger in each of the three previously financially unrelated companies following the discovery of a money trail between the three.
Furthermore why on Earth would Khandor have to send surveys off to Seven Rings instead of directly to Speak Asia?
Could it be that in doing so, Speak Asia’s management could claim with a straight face that they did indeed have corporate clients (Seven Rings themselves, even though they are being run by the same person(s))?
Harendar Kaur is a puppet and we haven’t heard anything from Manoj Kumar since he went into hiding overseas and last promised to come to Mumbai back in late July.
Meanwhile somebody has to be running things and all signs are pointing to Ram Niwas Pal, Ram Sumiran Pal and his wife Preeti Pal, operating things from a hotel somewhere in Mumbai.
I’ll leave you with this quote from a ‘korectit’, published four months ago in response to a YouTube video;
I know Ram Pal from his days in to mlm
Is is the person how has a vision for making big money at the expenses of other.
He 1st promoted Mango with Holand as it based. Then Seven Ring & then through his brother Sumiran Pal Speak asia.
If you go through the Management of all the 3 company it will be brother and sister of the same family.
They are fraudster and the company will close after looting india.
Despite being published four months ago now, korectit paints a pretty accurate picture of a secnario that has since been verified through investigations by the EOW and third parties publishing snippets of information on other unrelated websites.
Given all this, I put forward to you that through his brother, Ram Sumiran Pal, it is none other than Ram Niwas Pal who is indeed running Speak Asia.
Update 27th December 2011 – It appears there was some confusion over the names and associations between brothers Ram Sumiran Pal, Ram Niwas Pal and their friend and associate, Satish Pal.
Despite having the same surname as Ram Sumiran and Ram Niwas, Satish Pal contacted BehindMLM on 26th December 2011 categorically denying being related.
I am nowhere related, connected with Mr. Ram Sumiran Pal, leave aside being his brother.
Being acquainted doesn’t mean relation or association.
Satish Pal also denies any involvement with Speak Asia:
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
What Satish Pal did not explain however is why then was he promoting Speak Asia material on his Palkut social network account.
Satish does also admitted to working with Seven Rings International:
I have worked with seven rings international as a distributor and it was a training based company from Itlay .
The owners were Elia De Prisco and Corrodo Lantieri
But then goes onto deny having ever worked with Manoj Kumar:
I have never met, not known personally nor even
worked with Mr. Manoj Kumar.
This doesn’t add up seeing as Manoj Kumar is listed as an executive of Seven Rings International, of which Satish admits he was a distributor of.
I’ve contacted Satish for clarification on the above two points and will update this article if and when he replies.
Meanwhile whilst I’m updating this article, I’ll add this recent statement from the EOW:
We have already established links between AdMatrix, Seven Rings International and SpeakAsia. Mister Colibri is the new link now. We are also looking for Pal brothers. This is a bigger scam than we initially thought it would be.”
It appears the suspicions are correct and whilst Satish Pal and Ram Niwas might have been initially mixed up, the Pal brothers (specifically Ram Niwas) are still, based on the information above and the fact the police are looking for them, top candidates for ownership of Speak Asia.
they had the EAR of the company management but nonetheless they are only franchisees.
why are you reading so much into this .how can you infer from this personal statement of a single individual that this means pal is running speakasia?
this is what i THINK and not what i KNOW.how can you convert somebody’s ‘thinking aloud’ to be some sort of proof that it means pal was the ‘mastermind’?
we have been exchanging ideas for a while now and so one could say i have your ear and you have mine.so does this mean i’m a partner of behindmlm.please send me my share of profits asap.
below is a comment posted on your site from jones
you’re getting ahead of yourself.really.calmdown.
Wow! What people can do for money and that too, without a gun or a knife!
Did you even read the rest of the article? I wrote nearly 2000 words on it and you took your one statement as me stating with conclusive proof Pal is running Speak Asia?
I ackonwledged that on their own they aren’t conclusive, but together, your statement along with everything else (including the frequent news reports strengthening the ties between Speak Asia, AdMatrix and Seven Rings) are all pointing towards the Pal brothers (or one of them) running Speak Asia.
Becauase you obviously had the thought based on your time in Speak Asia and what you’ve either seen or heard.
And again, that statement alone is not proof, nor is the entirety of what’s presented in my article. Rather it’s a very strong indication.
Just like it was a very strong indiciation Speak Asia were full of shit about their survey clients when they first lied about it and then claimed commercial confidence to cover up their lies.
Considering there are no partners, no.
That’d be up to you. On its own I’d say no. Jones was just upset we outed his marketing campaign.
That hardly throws an entire site in disrepute. Furthermore, I was unaware the repute of this site was being questioned.
If you found a whole bunch of third party indicators and source information which strongly indicated and correlated one another in suggesting the site of was of disrepute though, you tell me what the conclusion you’d draw would be.
Check some of the ezines that I had received. You might be interested:
Uh lol? That’s the e-zine Speak Asia expect us to believe people pay US $220-$240 a year to recieve?
Rehashed Wikipedia, ezinearticles, eHow etc. FREE articles?!
Do Speak Asia automatically assume their members have no idea what a debit card, social networking site, microwave or cable tv is?!
What a joke! It’s so obvious the money is solely for membership and to pay existing members recruitment commissions.
@Oz, you wrote “Harendar Kaur operates out of Speak Asia (although she is now rumoured to be hiding in Dubai)”
Shouldn’t that be “Harendar Kaur operates out of SINGAPORE”?
@Oz, the repute of BehindMLM is only questioned by the people in the potential scams you “outed”. 🙂
Marc Barrett tried to ream you a new one, but we reamed him back a good one instead. 😀
@Kasey – thanks for the pickup. Was a long article to write and put everything together, I’m exhausted!
Sidenote: Here’s an article from April featuring Ram Sumiran Pal credited as a ‘founder member’ – http://speakasia-online.webs.com/documents/SpeakAsia_Article.pdf
(note that one page (page 26) is missing from the scan)
Pal features in both photos standing next to CEO puppet Harendar Kaur.
Amongst other things the article (which reads like a paid advertisement) claims
-a training centre by July
-that Metlife and Merico group are paid corporate survey clients
-Speak Asia is associated with ‘Yahoo Network Publisher’ (Yahoo Publisher Network, the old Yahoo equivalent to Adsense which closed in the same month the article was published)
-claims Speak Asia is well established in Singapore, Malaysia and Indonesia (despite having no members in either of those countries)
Wonder if you can link Tarun Trikha of TVI Express to the brothers here? For the longest time TVI Express claimed to be in UK, and have a bunch of Indians and one Korean (“Annie Kim”) and a “Mr. Goyal” pushing the scam into China. A newspaper in China outed them that their office in Marble Arch tower is a virtual office. Then they moved outside of London, but it’s STILL a virtual office. They essentially admitted as much when they announced that the office only accepts meeting “by appointment” in 2009.
Then later, TVI Express registered another virtual office in Cyprus as their “headquarters”, but all operations is obviously out of their India office, which was the one got raided by Indian police earlier this year.
They seem to be following very similar playbook.
Well done, oz !
Suggest you to look deeper into the curious character Archana Shahi.
She is one of the three members of Speak Asia Support Group, the other two members being Satish Pal and (Ram) Sumiran (Pal).
On Facebook, Ashok Bahirwani and Ram Sumiran Pal appear in her friends’ list. She has aggressive traits: Favourite Sports (Karate, Target Shooting), Games (Extreme Road Trip), TV (The Vampire Diaries), Movies (Pearl Harbour).
Now look at Anju Agarwal. On your post “AISPA’s Ashok Bahirwani is completely misguided”, she gave 65 (35%) comments out of total 181 comments in 15 days. All of her comments are in unabashedly silly aggressive support of Ashok Bahirwani and Speak Asia, always denying any adverse news or giving misleading leads/explanations to confuse the readers.
She ridicules any one who comments against either Ashok Bahirwani or Speak Asia. Looks like some one desperately trying to hold back a falling house of cards.
At the same time she creates the impression that she is unaware about the scam and Pal brothers whereas she is also able to give unsolicited deep inside information on them which apart from close insiders no one else will know e.g. “they are holed together inside a hotel evading EOW”.
All this bears close resemblance with Archana Shahi’s role commitment, personality and personal relationships, all aligned towards saving a huge family fortune built on white collar crime. There is also a sister of Pal brothers some one talked about.
Hope some other reader may be able to throw some more light on this mysterious character.
Wow, you all are like a surendra mohan pathak, hahahahaha, the great story makers.
ha ha ha !
now i am archana shahi[whoever she is!]
guys pick one.i am
4]spin doctor for the pals
PICK ONE -I SAY!
and stick with it .i’m getting a severe case of split personality here.
miss dumb observer ashokji receives more than a hundred friend requests everyday ,he blindly accepts them all.i know ,because he was talking about it the other day.
“they are holed together inside a hotel’
travel back in time miss dumb observer the above was from you in your ‘mastermind brothers’ story.
ever consider writing fiction?it may pay you more than moneylife?
I agree the behaviour profile fits (anju, care to comment?) but there’s quite a bit of stuff on the internet mentioning anju agarwal and aispa together, and even speak asia that predate aispa.
Seems to be a lot of trouble to go to unless anju agarwal is a pseudonym Archana Shahi has been using for a long time. Especially when Shahi has an active Facebook page and clearly isn’t trying to hide her association with AISPA and Speak Asia.
Then again, anju agarwal doesn’t seem to exist on the internet in any capacity other than publishing comments on various websites in support of Speak Asia and AISPA.
I note theat Archana Shahi lists herself as a ‘senpei’ of Speak Asia. Any idea what this is (Senior Panelist something I guess ….?)
Senpei have a Facebook page and list themselves as a company but no definition as to what the actual Senpei position is. Apparently Speak Asia’s Sempei something you get certified in.
There is also something called Kohei certification too.
Going by the rest of what I’ve found, they both seem to be some kind of inner circle of senior panelists.
Something else I came across which may be curious, is this letter is a Speak Asia Supreme Court document which was attached to a letter.
It’s signed by a ‘Ram Lal’. Dunno who “Ram Lal” is but his name wasn’t mentioned anywhere else on the document, so why is he signing it on behalf of Speak Asia? I also can’t find anything else on a Ram Lal and Speak Asia, yet he’s signing official court documents for them?
@anju Oh comeon, as someone who works at AISPA please don’t pretend you don’t know who Archani Shahi is.
I can accept you’re not the same person but pretending you don’t even know who she is is highly suspect.
regarding nayan kandor i would like to tell y’all a small story.
it’s storyday today isn’t it ?
one day three BFF’s met in a shady lowlit hotel room :
satish pal[master ‘mastermind ‘of a 1000 crore scam]
ram pal [junior ‘mastermind ‘of a 1000 crore scam]
manoj kumar[ex-partner of aptech computers and hired help of the pals]
in hoarse whispers they fine tuned a master scam to beat all scams .
the bedrock of their scam was it’s false surveys.
they were wondering whom to entrust with this top secret task.
they hopped skipped and jumped across the crowded dadar bylanes and what did they spy with their little eye?
they spied liddleboy nayan khandor fresh out of college and brighteyed.
they decided to ENTRUST HIM with the colossal, top secret task of their fake surveys.
completely believable .
IF you are a complete idiot.
the eow is now looking for chai wallahs[tea sellers] who may have supplied tea to any saol management .
by studying the structure of the residual tea leaves in the kettle their inhouse private SEANCE is going to reveal saol’s secrets.
they are looking for lift men who may have hauled saol employees up and down buildings -godknows what they overheard?
they are looking for assorted drivers ,maids, cooks of saol employees -godknows what they overheard?
MORAL of the story – our eow works very hard and god must duly bless them.
For the record, are you and AISPA officially claiming that Nayan Khandor is lying to the EOW?
What collosal task? The surveys were just rehashed questioned sourced from articles provided by Wikipedia and free article directories on topics provided to Khandor by Speak Asia.
for the record anju agarwal and ONLY anju agarwal says the eow is lying.
And on what are you basing this opinion on?
Is your opinion different to AISPA’s official stance on Khandor’s statements? Are you disagreeing with them?
i dont carry aispa around in my pocket.
if you want aispa’s opinion you can directly go to aispa.co.in and ask them yourself.
my opinion is based on the mumbling of the ‘grapevine’ and some good old solid commonsense.
i’m off now to practice my karate kicks and drive my bike up and down the himalayas.
But you work for AISPA, surely your opinion on Speak Asia matters in line with the association? Or you’re in a position to clarify their official take?
It’s no secret you’re the defacto AISPA spokesperson around here. Strong to cite the credibility of AISPA, Speak Asia and AISPA’s members… but not so much when it comes to detailing their position on matters that portray Speak Asia in a negative light.
This time you can’t fall back on the ‘it’s up to the court’s to decide’ defense as the EOW have been quoted directly and put this out themselves.
So out with it, what’s AISPA’s official stance on the latest news that Speak Asia’s survey clients are bogus?
You yourself stated that
The confession of Khandor and the EOW’s investigations conclusively prove there are no survey sales because there are no survey clients.
Don’t shirk from your own words. You hinged Speak Asia’s legality on Speak Asia being able to prove that they made a handsome revenue from survey sales. That isn’t going to happen now so what now?
And where does this leave AISPA?
aispa’s stand is that they trust the fairness of the eow and the judiciary.
you say i ‘work for aispa’ as though it’s a paid position.all speakasians who believe in saol WORK for aispa.
they just haven’t discovered your site as yet-that’s all.
the company is meeting with the reserve bank of india over the next few days.
i’m sure the rbi cannot forget to ask them about their surveys and the market for these surveys.
if the company did not have a reasonably good answer to this, they would have NEVER rocked up to the rbi, demanding to be met with.
they would have melted away into the night like admatrix.
@Oz — senpei is just Japanese for “sir”, an honorific, not quite “elder” sir, but just term of respect.
However, it is NEVER used by itself, only as a modifier along with a name.
(Learn that from watching Initial D anime. 😀 Itsuki always called Iketani “Iketani senpei”.)
Good to have faith, but is the faith justified?
Now that’s speculation. They could have just demanded a meeting to string all the members along as long as possible. They really have nothing to lose by requesting a meeting, even if the results are negative.
That of course, still leaves EOW and CID.
they would have melted away into the night like admatrix.
So AISPA agree that Speak Asia has been caught out (again) lying about it’s supposed survey clients who never existed.
The EOW are quoting Khandor under interrogation as to what he did and it’s pretty clear he wrote the surveys for Speak Asia, none of which were solicited by a third party (survey client).
Why do you disagree with AISPA’s stance on this? And why do you think Khandor and the EOW are lying, on what basis do you make this claim?
Then why does AISPA have membership? Why do Speak Asia members have to sign up to something they are already members of?
Do you, or do you not work in an official capacity for AISPA? Note that whether or not you are paid is of no relevance to the question.
You have used the term ‘we’ many when talking about AISPA on here, yet you set yourself apart as an individual on the Khandor survey client matter. Why?
Are you deaf? The EOW has a confession, seized equipment and tangible financial recorded proof that Speak Asia commissioned it’s surveys unsolicited through Nayan Khandor’s company. He based these surveys no on the requests of third party clients but on topic lists provided to him by Speak Asia and based on free article directories and Wikipedia.
How on Earth are Speak Asia going to defend these claims when the RBI ask them about their surveys?!
AdMatrix didn’t melt away, owner Ram Sumiran Pal ran away with all the member’s money when the scam got too big. He’s now hiding in a hotel in Mumbai with his brother Ram Niwas Pal.
the objective document of aispa clearly states that -whosoever is a panelist of speakasia online is by default a member of aispa and is entitled to the help and support of aispa.
i use the term ‘WE’ as in ‘WE SPEAKASIANS” who are members of aispa.
aispa has not appointed me as their spokesperson.the secretary of aispa mr ashok has been entrusted with this duty.
who says i disagree with aispa . i am entitled to have my public stand and my private viewpoint.
to explain to you the difference between these two stands let me tell you a true story.
on 8,aug 2011 when franchisees had been called to the eow office a large crowd of speakasians gathered outside to show support.
eow officers were sent outside to talk to the people and probably pick up some clues.
at least one official was suitably impressed by saol, and even took the visiting card of a speakasian panelist ,saying he would call him after the mess cleared up to join saol.the people around him clapped and hooted.
one more true story.
manoj kumar agreed to participate in a tv news show on star news.
kirit sommaiyaa and his cronies duly shouted him down in the short ‘interview?’.
but the real story is outside this frame.
on entering star news office manoj kumar got a standing ovation from the staff at star news.many of them were speakasians.
carry on with your piece of shit..Mr. so called Oz.. Atleast give your real name here man..lollllzzz…
It may be you behind all this,, if spkasia is a scam, i suspect.
@anay – Yet another brilliant example of the IQ of most people who get sucked into these scams.
Yes, I am running Speak Asia – purely because you said so and in the absence of any proof.
The big membership box on the top right of every AISPA webpage. If I’m already a member of AISPA when I join Speak Asia, why do I need to seperately register an account with AISPA?
Also there’s no verification that I’m a Speak Asia member if I create an account with AISPA. Seemingly anyone can join.
You do. You state the EOW are lying, but claim that AISPA ‘trust the EOW’.
These are polar opposite viewpoints. You either agree with AISPA and trust the EOW or think they are lying (thus disagreeing with AISPA’s viewpoint).
So publicly you don’t think the EOW are lying and hold Speak Asia fully accountable for lying to the public and its members about survey clients twice now, and privately you think the EOW are lying.
How can you claim to have any credibility whatsoever if your personal view is not aligned with the association you claim publicly represents your viewpoints regarding Speak Asia. Associating with an Association you do no agree with (nonetheless championing them publicly on a blog) is dishonest representation of yourself.
As for your stories, which are not cited with any proof whatsoever, I fail to see any relevance in reference to the above points.
Footnote (3rd time asking): Why do you think Khandor and the EOW are lying, on what basis do you make this claim?
First ask Speakasia to speak the truth…
Manoj Kumar… his real name seem to be Manoj Sharma. God knows what would be the real name of Haren Kaur …
Try answering a few points here
1) Speakasia claimed to be top survey company in Asia, then they could at least publish their audits/balance sheets?
2) They claimed that they are based in Singapore, but had all their serves in India and now its under EOW… such big company doesn’t have another backup site?
3) 20 Lakh x 500 = 100 Crore, thats the amount Speakasia spends on a single survey. Which idiot will pay 100 crore rs for each unscientific surveys of just 20 lakh IDs??
4) If they are such big/reputed company having operations in many countries, still not even a SINGLE company released a statement that they worked with them? Are they ashamed to get associated with the so called BEST COMPANY IN THE UNIVERSE??
who said manoj kumar’s real name is manoj sarma…did u saw the passport of tht person??? neither do I.so dont come to a conclusion
The Indian government does.
Note: I just realised I forgot to include a link to the database despite referencing it in the original article. I’ve now added it accordingly.
when aispa says ‘we have faith in the fairness of the eow and the judiciary’ they definitely DON’T mean they agree with the eow’s claims.
aispa is just saying ‘whatever ,guys .in the end we know you will know the truth’.
every party ,political or otherwise always has a spokesperson who will give you the politically correct ,measured stance of the organization.
that doesn’t mean to say members are not talking to each other and discussing what they really think.
the box on the aispa website asks members to login.
once logged in a member can post content on the site and join the chat forum.
you are required to provide your personal details including your telephone number.
you receive your login code on this number so you cannot lie about it .
this is to keep trouble makers out .
there is a team of moderators [panelists who have volunteered for free], to make sure no questionable content or language is used.
of course we cant stop non panelists from entering but we never say we are a closed community.everyone can come and play with us.
of course aispa has to
I could chastise you further (so anyone with an Indian phone number is a member of AISPA?) but it detracts too much from my original question;
‘What is AISPA’s comment on the arrest Nayan Khandor and his confession alleging that Speak Asia have no survey clients?’
I’m not asking you to be the public spokesperson or reply in an official capacity, just to share with us what the feeling is over at AISPA HQ. It’s been nearly a week since Bahirwani’s last AISPA update.
You acknowledge members are discussing things related to Speak Asia out of the public eye (without registration), so what is the general consensus?
Footnote (4th time asking): Why do you think Khandor and the EOW are lying, on what basis do you make this claim?
ManojKumar Renu Sharma
manoj kumar sharma-husband
go to the above link and read the latest from the company blog.
mr ashok bahirwani’s update on the last two arrests will be uploaded in an hour or so .
it should answer your questions.
Interesting, so Speak Asia have put themselves directly against what the EOW are claiming (note they have been directly quoted in this instance, so they can hardly blame the media).
Also they are pitting themselves against Nayan Khandoor (Khandor?) and asserting that he is lying.
Somebody is lying here…
Khandoor is claiming he was provided a list he had to then generate surveys from and Speak Asia are claiming he did no such thing and only acted as an editor of existing completed content sent to him by the company.
Interestingly Khandoor’s claims of using third party sources to create surveys seem to fit given that the e-zines were just ripped from free article directories and Wikipedia.
I believe this is the first public instance of Speak Asia asserting that the EOW are liars too?
Regarding Manoj Kumar, if renu sharma denotes wife, does that mean ‘Dharamveer ManojKumar’ is the CEO’s real name?
Footnote (5th time asking): Why do you think Khandor and the EOW are lying, on what basis do you make this claim?
just for free GK, many indian hindus do not use their surname unless on documents like birth/death certificates,passports etc.
india has been plagued by the caste system in society and surnames are a clear indication of caste.
a man may use kumar and a woman may use kumari.
it is a common enough thing and is widely accepted.
it could be his fathers or brothers name.not sure. will try to find out.
where has speakasia said nayan khandor is lying? they are feeling bad for the poor boy.
the eow ‘claims’ khandor has said all that he has said.have they shown you the signed confession of khandor?
pending that, all they’re doing is just ‘claiming’ aren’t they?
they are trying to spread panic.remember no fresh fir’s have been filed.they desperately need to show the courts that they have been bogged down by speakasia panelists complaints.
the court will ask wont they-
‘mr. eow if speakasia which has a panelist strength of approx 1.5 million and the company has cheated people, how come only two ngo’s and ONE panelist mr. khosla complained in such a long period?’
So Speak Asia charge that the EOW are lying about what Khandoor confessed? Again, the first time they’ve come out claiming the EOW themselves are lying is it not?
It doesn’t matter if one or fifty or 1.8 million complained. At this point we’re trying to legally establish whether or not Speak Asia is a pyramid scheme.
Contrary to your beliefs, the panelists and their complaints have nothing to do with establishing this. The only relevant information is Speak Asia’s business operations, which are contuing to be proven to be fraudulent (850 fake panelist ID’s created by management – Himanshu Roy, joint commissioner of police, crime and the EOW claiming that Khandor confessed he was writing Speak Asia surveys at the request of the company itself).
Isn’t it amazing that Speak Asia scream ‘misinformation spreading’ everytime something fraudulent about them is discovered? Where there’s smoke there’s fire and as I mentioned in the article, there’s just too many co-incidences here starting to stack up.
Why do you think Khandor and the EOW are lying, on what basis do you make this claim?
So u came to the conclusion that,EOW is not lying..that means instead of submitting reports to the Hon’ble court,they sent it to the media..Is EOW answerable to media..Oh wake up man
Uh.. you do know how a court works right? They’re not 24/7 convenience stores you just rock up to and submit whatever you want whenever you want.
We’ve got several court dates set over the following weeks and with claims of fraudulent accounts and witness certified proof that there are no corporate survey clients, it should be a blast!
nobody says anybody is LYING.there is no need to use such harsh language.
probably the eow did not understand clearly what khandor said ?
the company isn’t saying anybody is lying ,they are just saying the eow statement is factually wrong.
the company has complained about the eow highhandedness before also, when the eow threatened to arrest panelists.
if the case was only to investigate saol’s legality the COMPLEXION OF THE CASE WOULD HAVE BEEN DIFFERENT.
it is the fir’s[cheating ] which have given a criminal hue to the case.
otherwise like amway in andhra ,in a few swift legal moves the company could have resumed operations and the investigations would have gone on alongside.
A spade is a spade. Either Speak Asia acknowledge what the EOW are claiming Khandor confessed (the EOW were quoted directly, so the news reports are not in question here) as accurate truth, or they are accussing them (the EOW) of lying about what Khandor said.
Which is it?
Yes but they’ve never accused the EOW of lying like this.
Not really, at the end of the day the regulatory body’s were going to have to investigate Speak Asia one way or another. The only difference is the spin out on the investigations by Speak Asia and the relevant news organisations.
I’m pretty sure fraud, the channeling of funds out of the country and twice now lying about having corporate survey clients when you’re really making money off membership fees have contributed far more heavily since the FIR’s were filed.
Except that as far as business models go, Amyway and Speak Asia are nothing alike. So no.
So u mean to say that the Red corner notice is also true,,as claimed by media..Is it?? answer in YES or NO
Show me one reputable news source reporting on the Red Corner notices?
The only site I can see is the Daily Bhaskar, which seems to have a wide range of authorship and the author of the Red Corner article, Anil Kalwani, is obviously some random Speak Asia member.
You’ll also note that a lack of credible source has meant this news itself has not appeared on this blog in an official capacity.
Sorry, what was your point again?
My point was simple..TOI
To look silly?
‘Hey oz, yes or no are the red notice claims true, as reported by the media despite there being no online news source claiming they are?’
…yeah, mission accomplished there son.
Perhaps anju can clue you in on how the usual bullshit that flies on other sites that cover Speak Asia doesn’t fly here.
c’mon soapbox you wanna fight about english language usage now?
the company says the eow is factually wrong ,you want to read that as ‘the eow is lying’-be my guest.
a corporate cannot use words like ‘lying ‘when speaking about govt departments.there is something called decorum.
to the extent of my knowledge there are no red corner notices issued as yet.can’t be certain .will try to find out.
TOI published it,if u remember,n many other national newspaper did….my point is simple..since u r trusting what media is saying(i mean did u,urself have any proof that kandohor,or whoever he may be,that he accepted that surveys were fake,or was this the actual communication between kandohar(might be spelt wrong) and the EOW.do you have the actual conversation between eow and kandohar??? If yes,then its wel n gud..hats off to u..if no,then on what basis u came to the conclusion of all this??
Mr. Admin, who so ever u are, it hardly matters…i have some questions, if u can answer:
1. on what basis u say company is MLM, do u know in MLM the last node never earns, how in the best possible mind of urs u are making this claim?
2. u said, EOW claims Mr Khandoor website developer and Survey uploader on the website, do u even know what medium is used for uploading survey? in you entire false explanation, i didnt found the word that is used. can i please have it from ur side?
and if according to u, eow has signed statement of Mr Khandoor, than why is it saying to media, and not to court, i think and i know, eow is not answerable to media, it is answerable to Hon’ble Court of Law. please tell tell how the hell media pass a judgement when the trial is in court, and not even a single charge or charge sheet has been filed as yet? i know there will be some baseless answer to this from ur side.
3. SAOL is registered in Bangladesh is and is on verge of starting its business in Bangladesh, in that sense i can see u have less intelligence and understanding than bangladesh that u couldnt understand it till yet.
4. u have explained very nicely who is Ram Sumiran Pal, and yes indeed he was very first panelist of Speak Asia, but ur research is such a bullshit u dont know his brother’s name and is taking out wrong name. please do research again and get the real name.
5. aur koi doubts hain to ab argument krna…now i am also joining the discussion…. and if u went wrong anywhere, do submit, because i talk on facts…!! get the facts, otherwise u have to appologise for false baseless claims..!!
What else does it mean? There is no middle man between the EOW and Khandor, they interrogated him! Either they are lying about it or not, factually wrong is just superficial PR speak for lying.
Just like ‘Speak Asia were factually wrong about their commissioned surveys’ sounds a whole lot nicer than ‘Speak Asia were lying about their survey clients who never existed’.
Well that’s exactly what they’re doing. In presenting an explanation that differs from what the EOW are claiming, they are effectively accusing them of lying. The EOW have gone on the public record with their statements, Speak Asia have directly challenged the legitimacy of them.
Link? I don’t recall reading any official news report that mentioned red corner notices.
Wrong. The media directly quote the EOW. This is important as you cannot pull out your usual ‘the media is lying’ Speak Asia supporter bullshit. You’re accusing the EOW of lying on the record here if you don’t believe what they are claiming.
There is no middleman between the EOW and Khandor in this matter.
This is the link..its one of them
here is the link..see it…dated 3rd August…!! see with blasting open eyes..!!
RED CORNER NOTICE SOUGHT AGAINST GLOBAL HEAD OF SPEAK ASIA..
do more research dear…!!
That’s not MLM at all. A business model where the last node never earns is a pyramid or ponzi scheme. It is not MLM.
In MLM the last node that joins is always able to earn commissions via the retail sale of a product or service.
Speak Asia employ a MLM business model on the basis their compensation plan uses a binary plan. Unfortunately the recruitment commissions they pay out in the absense of any corporate survey clients drags them into the pyramid/ponzi scheme territory.
Do I care? Does it change what the EOW are saying?
According to the EOW.
There are several court case dates coming up. In the meantime there’s the media.
If the EOW are making stuff up, how do you think that’s going to make them look in court?
The EOW were quoted directly in the media. Any judgement passed is a direct result of the dialogue between the media and the EOW.
This is one time you cannot claim media bias, they are directly quoting the EOW!.
I’m not familiar with charge sheets, are they routinely get filed outside of court hearing dates?
I believe this is the Pal’s next business move. Evacuate India and concentrate on expanding the scam to Bangaldesh.
Unfortunately Bangaladesh authorities haven’t woken up to it yet. Like India, until the scam gets big enough and Pal and friends can’t or won’t pay out the next wave of members, it’s probably not going to receive local attention.
Of course that will no doubt change if Speak Asia lose their court battles in India.
You claim my information is good, but the research is bullshit? Please.
If you know it… how about you just share it with everyone? I’ve provided my research for all to see and ‘you’re wrong’ doesn’t warrant an apology. And how can you call cited researched claims ‘false’ and ‘baseless’, do you even know the meanings of the words?
Prove me wrong with credible cited information and I’ll happily apologise.
That’s true slightly, even though we are hope full about the company. Ok. Thank you
I cannot even read that scanned article, can you?
Regardless, there’s probably a reason it wasn’t cited online anywhere by any news media.
Given I can’t even read the article, how do you expect me to comment on it?
this entire argument culminates in one single pointed question.
can saol PROVE credible income from it’s surveys?
we are just arguing ourselves to death here.
LETS WAIT PEOPLE!
in a couple of days there’s a meeting with the rbi.
the truth is just around the corner now.
by the way your BFF moneylife ‘observer’ sidles up here, lays an egg or two,leads you blindly down the garden path and disappears.
great character certificate she’s building here.
ok so u say they favour MLM because last node earns is a MLM and is fraud, then i think all business in this world is a MLM, everyone sells goods and with purchase of goods they get commission, means what all i earned by every shopkeeper is also a Fraud…wow u r genious.
DO I CARE?
this was just a bullshit statement, if u claim and u said according to so and so, according to so and so. EOW claim, which u saw in media must also give its medium, ur media does very intensive news coverage, and this is missed, wow this is a loophole in ur Media…tell them to go to EOW again, and get the name…or this news will be considered false, have some genuine nature brother. atleast talk logical.
why is that SIGNED statement not published, otherwise ur media is so quick. oops….it is just quick in talks..nothing real.
ur media claims many things quoting many things….let me show u an example,
see this video on youtube, media says EOW filed chargesheet in court regarding Speak Asia matter….can i know in which court…in india’s any court … this has not happened.
next move in bangladesh…yaar u r such a slow in ur research, if u know speak asia is running in bangladsh since sep-oct 2010…it got registered on 12th august, and u saying next move, well if u know to set up office u need to get registration, that is what the next move is…please research on this too..!!
well i know his brother’s name…u tell me the right name…or appologise…making personal remarks, and saying wrong names is just not less than foolish i can give u an example of such irresponcible act, see the link..
next time before making any claim…get the facts and figures corrected..!!
I think reading the headline is enough for now..first get ur facts right…ok dear.It seems U r getng informatin from us..first u asked that whr’s the article,thn u asking for a clear scanned copy..
if u r so confident about ur article from A-Z ,if u know everything about spkasia,thn how u neglected these red corner notices at the first instance when it was actually published,,dating back in the month of july,august..FYI,all the red corner notices were false.again a blunder by media
furthermore,your answers to nishant sikand are equally baseless as the media..u r asking him for clarifications and proofs,whn u urself r not clear wth ur answers..u r answering him wth one liners..ACCORDING TO EOW??
Ok answer me this one..Did EOW send their replies to the hon’ble court..You know about the hearing dates?? And what are the hearings for?? IF u r so much clear about spkasia,i m sure u can answer me..or this time also u ‘l answer wth ur one liners
one more thin Mr. Oz..do u remember there was a rally which was initiated by AISPA,..at azad maidan,mumbai and also at delhi..why delhi n mumbai,it was all over the country..all were supporting for spkasia.
Taking due authorization from officials of delhi govt n mah.gov,those rallies took place..and it was FOR spkaisa n NOT AGAINST spkasia..many reporters interviewed panelists,took their views..but what ur favourite media showed in news channels that “people from all over the country starting rallies to get back the money which are wth spaksia. People are getting angry day by day”..Was it true??
Why on earth will panelists do that in those rallies??..When u r claiming that EOW directly have given the statement to media about the surveys.so that means panelists on those rallies also directly communicated to media about their anger AGAINST spkaisa..IS IT SO????
This makes no sense in English and what I said made sense, so I’m going with ‘no, I didn’t say that’.
MLM stands for multi level marketing. For this to be wholly defined then a compensation plan that pays out on multiple levels must be used too.
This isn’t the place to flesh out definitions of MLM to the uninformed and has nothing to do with the topic at hand. If you’re new here then great, go read up about MLM and please don’t bandy about incorrect definitions.
The EOW were quoted directly and a name, Rajvardhan from the EOW was given.
Regarding the first video, I can’t understand Hindhi so cannot comment on foreign language news reports.
Don’t companies register first before establishing business operations? Until then it’s just a bunch of panelists recruiting people.
Who is the CEO of SpeakAsia Bangaladesh? And don’t say Manoj Kumar, he’s the Indian CEO.
So either tell us, or get over it. I stand by my research.
You prove me wrong in the face of my research, that’s how this works. Oh, and as for defamation? Is suggesting that someone is the head of Speak Asia damaging to their reputation now?
That’d imply that Speak Asia was an undesirable business operation to run. Is that what you’re suggesting?
You get your facts right, I asked for an online news source. A blogspot blog linking to a scanned article I can’t even read is not an online news source.
I’ll readily admit I have no idea about offline news articles on Speak Asia published in India. Nor do I care. Any credible news is syndicated online in 2011.
Because there’s no credible online news source citing the information!
I don’t doubt this, but says who? Speak Asia??
I know English isn’t your first language guys but please at least try and make some sense. Throwing around large words might impress the locals but let’s try and maintain the level of discussion here.
Hollow general statements only serve to make you look silly and in the future will not be addressed.
In the face of appalling use of grammar and having to scratch my head more than once at what you latest Speak Asia supports are on about, I’d say I’ve been more than generous with the clarity I’ve chosen to reply with.
I try to frame my answers in a simple and easy to understand manner, if you can’t follow them get a dictionary out.
Yes, both DNA and the Mumbai Mirror directly quoted the EOW. Seriously what is there not to get about this statement?!
Everybody knows about the hearing dates! There’s like four of them (from memory) coming up over the next few weeks. That’s what these dates are for, to continue on with the cases. You don’t just drop off information to court like a convenience store whenever you feel like it when there’s an ongoing case being heard.
Forewarning, any nonsense typical of the garbage I see on other sites discussing Speak Asia will be nuked, I will not let the discussion here drop to unintelligible nonsense. Anju might disagree with me on several points, but she can attest to that seeing as we’ve been discussing Speak Asia in depth for some weeks now in a sensible manner.
As for the court dates, have a look at the AISPA site, Bahirwani clearly lays them out.
Don’t care. Your rallies play no part in determining if Speak Asia is an illegal pyramid scheme. Only an analysis of their business operations and compensation plan are relevant.
Did they interview anyone and cite a name at the rallies? If not then no and your wasting my time for bringing it up. Kindly stop it, I don’t have the time to waste.
Also I’m not claiming the EOW gave a statement to the media, it’s FACT and a name is cited.
All are fairy Tail Stories its no use who is owner . The Main thing is their 1st part of Fraud is Over and They are working 2nd Part of their Fraud .
For this they are doing many things which comes to an end after 29th November .. But their Team don’t Some Peoples who have Planned to Stop this team of Many NGO’s is working and they will soon are doing giving Big Surprise for speak asia frauds.
It will come in News Soon ..
I wanna know which Idiotic company pays speakasia .. Rupees 20 Lakhs x 500 = 100 crore for purchasing each of their surveys.. and that too covering only 20 Lakh IDs.
Not all the 20 Lakhs would be relevent, so who pays for these numbers??? Surely if any company openly claims the same, then its share value would hit rock bottom… LOL
Neither do I care,you are following any offline article in India or not..When I said its published in several newspapers,means its published..no second thoughts there.you care or not,is not the question here..Don’t talk baseless..
I don’t care,u further address me or not.If you are talking about spkasia then why are you not clearly answering any thing.I asked you about the dates,what were the hearings for?? Answer me all that.Why would i ask AISPA,I am asking you,not AISPA.
OH ! Now I came to know that you are not from India itself..MAY i know with whom I am talking with??You are from which native?? And FYI it is not HINDHI,its HINDI..mind it,the next time.
And how silly,a person,not from India is writing an article with lots of speculations and assumptions,claiming to be an eyeopener to all spkasians.. whereas everything starting from surveys,site(according to u),etc,the cases, are based in India.Wow,truly hats off to you man,appreciable.
I don’t care you answer me or not.okkk
So don’t bring up useless irrelevant information then.
Again, I asked for credible online news sources. Not scanned offline articles I can’t even read.
If comprehension is not your strong point then get out a dictionary please.
I did, go read Bahirwanis update on AISPA. He does a perfectly good job of laying out the dates. I didn’t say ask AISPA, just use your eyes and read.
Unlike you, my cited sources are easily readable and accessible.
Please, your grasp of the English language is already borderline embarassing. It’s Hindi.
Where I’m from is irrelevant and does not alter the accuracy of the information presented here. Your silly ideas that anyone not in India cannot understand Speak Asia’s simple pyramid scheme compensation plan is ridiculous. It’s a simple commission based system that pays comparatively large commissions on recruitment and has no retail product or service.
Unlike most of the other sites out there covering Speak Asia, this is not a site dedicated to Speak Asia, it’s dedicated to MLM. Claiming someone ‘just doesn’t get it’ is a tired argument in MLM and waste of everybody’s time.
I know you’re new here so I’ll leave it at that. I suggest you do some reading before digging up tired arguments that have already been discussed.
i said hindi only,,u spelled hindhi..talking about english…lolzzzzzzzzzzzz again..
Which would make AISPA’s position “whatever”, since the other half of the sentence is opinion / faith.
Sigh… with this much non-English on an English website it’s time to nuke the rude comments.
If SPEAKASIA is a fraud thyen why they all are giving Exit Option and not only giving Exit Option but they are Also asking RBI to allow Speakasia to refund the money of members who doesn’t want to have association with Speakasia any more……
and why still RBI is not allowing Speakasia to refund the money of the users….. ?Please Sir Clearify………….
The garbage has been cleared. It was starting to look like the other forums these incoherant idiots post on.
Lolz indeed. But nothing to do with Speak Asia being a scam.
The exit option is a farce with no backend to verify the submitted forms. Pal just wanted to get an idea of how many people wanted out to judge how fast he should run.
As for asking the RBI to release funds, Speak Asia have tons of money they’ve funnelled out of India, far more than anything the RBI has seized.
Asking the RBI to unfreeze their accounts (when they know perfectly well they won’t until investigations are concluded) is just a ploy to look like ‘the good guys’ infront of panelists and show they are just trying to get on with business.
Speak Asia had the chance to pay panelists before in June I think it was but instead Pal instructed Haren Kaur to siphon off millions in investor money to Singapore.
The RBI aren’t idiots, the same will happen again if any accounts are unfrozen without a conclusion to the current legal action underway.
hello u all are idiots bcoz u all r fighting among yourself. you all just wait for some more days and u will get the answer. Since the case is in the court and being in indian , court , it will take time .From my point of view being interested in news of i was negative at the month of may-july but now with confident i can say that the soal will come back and will make the middle class people the rich.
1)why you all are trying to make speakasia fraud?
2)if speakasia comes what is your lost?
3)if speakasia comes will your business be in lost? if lost,then you can do so?
thanking you all
ha ha ha !
you’ve been discovered.
did you read ashokji’s write up on the arrests.
advice from a sparring friend -denounce your pal theory rightaway.
you’re gonna fall flat on your face , don’t say i dint warn you.
i have info that i obviously cannot publish here, which convinces me beyond all doubt, that saol is as clean as fresh new linen.
all my nagging doubts have departed far off and away.
OKAY-have it YOUR way then!
saol says eow is LYING!LYING!LYING!
don’t put too much weightage on the so called sting operation.
these things can be easily set up by the media.
you have no proof of it’s genuineness.
Really… what’s there to discover?
I most certainly did, what a load of horseshit that doesn’t add up!
In the absence of proof claiming otherwise? Not a chance. I stand by my research which is clearly linked to.
Of course you can’t *rolleyes*.
No info you do or don’t have can change Speak Asia business model, which is what they will be ultimately judged on.
If you’re referring to the Mumbai Mirror report, what sting operation? The reporter merely quoted the EOW and stated the obvious.
Nobody is trying to ‘make SpeakAsia fraud’, Speak Asia did that themselves with their business model and compensation plan.
No, of course not. After analysing the decision this blog will continue as normal. It’s an MLM blog, not a Speak Asia blog.
Not quite sure what you’re getting at but you seem to be implying that BehindMLM is in competition with Speak Asia. In that case the answer to your question is ‘no’.
You don’t get any feedback because the form Speak Asia are using for the exit option is just feeding the info into a database. It’s not connected to any verfication system, nor are Speak Asia able to enact on the exit option beyond harvesting your information.
The exit option at this stage is merely a way for the owners of Speak Asia to guage how fast or slow they need to be distancing themselves from the scam, depending of course on how many people apply for it.
a criminal pil is filed in the mumbai high court talking about internet fraud ‘in general’and casually mentions speakasia.
around the same time a sting operation ‘surfaces’talking about ponzi schemes ‘in general’ and then specifically starts taking about speakasia.
if you are not completely knuckleheaded you make a simple connection between the two.
hire a hotel room ,sit two guys down,give them a briefing about what to say and voila you have a sting operation.
would’nt have costed much either.
1. Did the criminal PIL have anything to do with Bloomberg UTV or the TV show?
2. Have you taken into account the criminal PIL may have been filed as a result of the investigation that went into the show?
3. How do you explain the corroborating evidence that comes from multiple unrelated sources (as cited in the article) that date back to 2007?
the criminal pil came first.
the ‘sting’ followed to stoke the fires some more.
this was ‘orchestrated ‘and quite simple to do really.not rocket science.
show me negative media reports before april|may.
what corroborating evidence are you talking about ?personal comments by individuals who may have their own personal agendas cannot constitute evidence at all.
The owner of the blog can write anything in this website, Oz, K. Chang, Observer were the creator of this article & they are having all rights to write or scribble anything in their website, those persons whoever knows about speakasia and the truth should not give comment to these article.
In todays’ world no one will do anything without money, these guys were paid to do these things, from whom they get money? why they write like this? – it is useless and waste of time for me to find the answer.
If speakasia comes back everyone will consider these type of articles as a piece of shit which will be useless, friends, these guys are paid guys for doing their job, (who knows! they can be compared with or might be male escorts or gigolos).
Come on creators have your say here.. which i again consider as dirt or shit whatever you write here..!
Why is orchestrated the only conclusion you can jump to? Perhaps the PIL was based on the alleged sting and they had to wait for clearance before airing. Or there could have been a delay in broadcast (shows aren’t neccesarily taped to go to air immediately).
Also no doubt if a criminal PIL was filed, the shows creators would be well aware that airing the show first would make any investigation arising as a result of a criminal PIL all the more difficult.
I reviewed Speak Asia back in March and based solely on their business model and compensation plan (long before any media reports), concluded that
Given the size of the company and ultimate unsustainability of a compensation plan that relies on membership fees to pay out existing members, it was only a matter of time before the authorities caught up with them.
Nonetheless, despite the original date of the BehindMLM Speak Asia review, people will still try and claim I’m being funded by Star News, Money Life et al.
As I acknowledged, on their own no but together it’s just too many co-incidences not to be taken seriously. We’ve got
Where there’s smoke there’s fire and there’s far too much smoke here to not take seriously.
Are the filing dates of the criminal PIL and the airing of the show the only thing you’ve got to discredit the theory? Because in the face of all the evidence it’s not even close to being enough.
And as for personal agendas? There is no agenda stronger than the will of the owners of Speak Asia keeping this farce going for as long as possible to cover their own tracks.
If the scam collapses who will be held responsible? The people arrested aren’t management, official management is in hiding overseas and unofficial management (the Pal’s) have done such a good job of seperating themselves from being implicated as the real owners of Speak Asia that they are able to cut and run at a minute’s notice (if they haven’t already – when was the last time anyone publicly saw one of the Pal brothers?).
The bulk of the money has already been looted overseas, and what’s left of Speak Asia is set up to instantly dissolve without a trace at a moment’s notice.
Yes yes, we all work for all those nasty enemies of Speak Asia. They pay us billions.
Everything written on this site is backed up with linked to references. If you’re unable to see this then best of luck to you.
Yes yes, we all work for all those nasty enemies of Speak Asia. They pay us billions.
Thanks for accepting my dear friend..
No need to tell how much they pay you, keep it as secret, if you tell more amount in billions, don’ think people will consider you as a genuine & you are having public interest and you are doing public service, they won’t..!
You have mentioned,
Everything is based on reference, do you know the reference is true or fake (arranged one)? what reference you are giving?
Wait until things gets finalized, don’t hurry, i will tell media have once again carried reports that are false, unsubstantiated and baseless allegations against the company, you won’t accept, i’ll add unfortunate trail by the media continues against the company, but that also you won’t accept.
It’ll be proven very soon, wait & watch, all your articles will be proven shit and useless and also it’ll go to garbage.. then you have to search for writing about other companies which you will get as an order from your boss, but anyhow i want to appreciate your work of writing everything or presenting everything by putting a box with green colour showing good designs.
Once again i won’t forget to compare you people with male escorts or gigolos.. writing paid posts.. paid articles.. (for the compilation work of paid men!)
Have fun with your work.. Also get curse of lakh & lakhs of speakasians..If you are unable to see the truth behind this company then best of luck to you..
You might realise that very soon..
@ Michael.. first tell us how much you’ve earned as a panelist of speakasia….and how much your downline lost???
In my case one downline didn’t get a single penny. He happens to be a friend of mine. I mean he used to be a friend of mine. About 2 months ago, he got angry and asked me to refund his joining fees or else he would file an FIR against me. That’s the end of our friendship.
Another one received around Rs 4000 only. I sold a $200 pin for him at Rs 4000INR.
There are some other panelists in my group who didn’t get anything or who received some money but less than Rs 11000. I can’t tell the exact number because they are not my direct downlines.
Most of my directs joined in the months between September 2010 to January 2011 and they are all in profit thankfully otherwise I would have to disappear to avoid their wrath.
don’t worry dhar the company is fighting hard and will definitely come back.
everybody will not only get their money but will earn much more.
We r waiting Anju but its very long time to hear any good or positive thing. When the time comes to hear something good EOW successfully get the next Date.
With so much going on, it will be difficult. Besides, in one of their comments in their official blog, SAO had clearly stated that it would take 2 or 3 months to prepare documents and submit the same to the RBI.
Mr. Dhar that document was fake.Original is at
@Naveen – It is not fake. Read below:
Link (See Comments Section): http://speakasiaonlinemarketing.blogspot.com/2011/09/press-note-19th-september-2011.html
naveen and dhar,
the company has an upcoming meeting with rbi over the next few days.their papers are ready and they are just waiting for rbi to fix the time and date.
we hope that very good things will come out of this meeting.
the confidence of the company is giving us confidence.
arre dhar that’s a totally fake letter.
the papers are all ready .
Friend this is the original one…….
Strange! That letter/comment has not been removed.
on the company blogsite the company have themselves clarified that somebody has put up a fake website to confuse panelists.please read all the posts of the company.
manoj and haren are overseas. your BFF observer [money life] claims that pal surrounded by 1000 of his top leaders is operating out of a hotel in mumbai.
does he have rocks in his head?
he and his family would’ve beaten manoj and haren in a scramble to get out.and to be in mumbai of all the places!is he trying to commit suicide?
The letter is fake without any doubt.Don’t claim to be a real one,unless and until its from the official blog
just remembered something .in one of her posts observer alias money life stated with great authority that aispa was a needbased creation of pal to protect his interests.
did you know pal’s social networking site speakindia online BANNED ashok bahirwani from his site?they also started blocking aispa’s email id if somebody put it up on their site.does that add up for you?
pal’s site started supporting a guy called manas robin who was gathering support to file fir’s against saol.does that add up for you?
you will call it hearsay ,but if can base your little ‘pal mastermind thesis’ on hearsay then you bloody well better give credence for my hearsay that is coming from the same grapevine,but the buzz is that if the company hadn’t stepped into so much shit pal actually stood to lose his franchisee ship.
When did I claim? By the way, the message is at the OFFICIAL BLOG which is yet to be removed.
What is your name? Who are you?
Why I want to tell you how much I’ve earned & how much my downlines lost in the business, you think this business only as money circulation & not more than that, of course you might be knowing the future plans of SpeakAsia which you are not interested to reveal here in this forum because of your boss’s order.
You don’t know anything about consumer empowerment, you might be knowing the real power of retail estate going to happen in this business model in future. Only for which the opposition is coming to speakasia from many competitors in different angles.
If speakasia bring those things many thinks they will be loosing their business that’s why they are stopping speakasia, survey panel exchange and 500 times of money is not the actual business of speakasia, it’s really powerful, only for the purpose of increasing the panelist strength they made the model like that.
Most of the people whoever oppose SpeakAsia strongly knows those things & all facts clearly that’s why they are opposing & tryig their level beat to stop the activities of SpeakAsia, business model is structured in such a way that no one loose their money, whereas in all Network Marketing companies it’s not like that, but speakasia’s model is not network marketing it is affiliate marketing.
Speakasia is nothing but purely money circulation scheme. Try using your brain.
What consumer empowerment? With 20 lakh ID? And if you further dig down, you’ll see single member having multiple IDs. So who will target less than 20 lakh people? This is not even 0.001% of India. Also you people keep cribbing that 20 lakh families are in trouble since surveys are stopped. So this indicates that 4000 Rupees ($100) is important to these families.
So definitely companies selling expensive items like LED TVs, Tablet PC’s etc wouldn’t be interested in targeting them. Only FMCGs selling soap, etc would be their target.
Now which FMCG/Or any other company would pay 20 Lakh x 500 = 100 Crore for each survey? With this money, I could distribute a 20 rs soap to 5 crore people for free and have a larger reach or sell a 30k worth LCD TV to 33,000 people and create a ripple in the marked. It makes more sense in it, isn’t it? Than spending 100 crore on one single survey.. LOL
Speakasia’s business model is purely based on Ponzi model, thats why each and every agency is after them.
If speakasia was having proper business model, then they could’ve atleast shown their audits/balance sheets. Every company submits their yearly audits, why not speakasia? Simply because their accounts are not in order.
Speakasia claimed that they are based in singapore and No. 1 in asia in terms of online surverys…and yet all their servers were based in India and EOW captured them.. they even didn’t have a redundant plan? Ie keep a clone server in another country in case there is issue with server in one location?
And if they are sooo goood and sooo big… then why till now not even a SINGLE COMPANY has announced that they do business with SpeakAsia? ARE THEY ASHAMED TO BE ASSOCIATED WITH SPEAKASIA?
Yeah, survey exchange is not their actual business model, money circulating is.
the activities of SpeakAsia, business model is structured in such a way that no one loose their money, whereas in all Network Marketing companies it’s not like that, but speakasia’s model is not network marketing it is affiliate marketing.
Get atlease one company to claim that they purchased surveys from SOAL then I’ll believe. Also ask Speakasia to show their account books or get it audited by some reputed firms like KPMG, Pricewater Cooper, etc…till then.. its all FARCE…
There are several other explanations:
1) AISPA is proving to be too much of an embarrassment to Pal and his clique of panelists (i.e. SpeakIndia)… Call it an internal coup attempt.
2) It’s another false-flag operation, by operating a “fake enemy” in proxy. AISPA may in fact, be working for Pal by attracting the panelists who are not satisfied with Pal.
I admit that the theory 2 is a bit too outlandish, but given the amount of “proxies” in SAOL it is not completely impossible.
The truth is probably somewhere in between.
I haven’t told anything to convince you or make you to accept, see again & again you talking only about surveys & the payout what they are giving, if you want client list go & ask speakasia & sign up non-disclosure agreement & get it or otherwise put a case in court asking the client list of speakasia, or ask the EOW to show the client list.
What is the use of writing here, do something in action if you want to prove them guilty, simply sitting somewhere & scribbling like this will not find any use my dear friend, what is your motto?
Finally for what purpose you are fighting / writing against the company called speakasia, everyone knows that you are getting money from your boss for doing this, that is simple logic which can be understandable by each & every person whoever reads this article or post, sameway people who supports speakasia eagerly waiting for their money (payouts).
The matter now is only in between speakasia panelists & RBI, EOW, MCA (Govt. authorities) in getting back their money, in other side the matter is between the company speakasia & RBI, EOW, MCA (Govt. authorities). Among these group or set of people where are you?
Why the hell you are raising the voice here and for what purpose you are opposing the company by telling useless illogical things, I find your answers as simple as shit or useless scrap, why you people show this much of interest in writing or simply scribbling against the company even at this stage where company is not at all operating?
Don’t spun thread / simply bluff by telling you are showing public interest, you are fearing that company will come back, find a company which is really looting money from lakhs @ lakhs of people at present in front of your eyes outside your room / office and start writing about that if you have real public interest to save life of lakhs & lakhs of people.
Speakasia has stopped collecting money from any person a long time before (before 5-6 months), why you unnecessarily wasting your time by listening to your foolish boss in writing against this company now at this stage?
Don’t write shit using your hands & keyboard if it is not coming from you as naturally as natural call in natural way.. Use your mind before writing, come with clear mind before writing..!
your hypothesis is completely outlandish.
I would call you perfect example of brain washed person or.. you are on the payroll of Speakasia..
The blog here is to warn people against falling into MLM trap and loose their hard earned money. I don’t need payout from another MLM scheme. I hate everyone. I earn lakhs by working in IT MNC. I am against Speakasia because few close friends lost money in it…
Yes I created BehindMLM and started writing about MLM companies back in 2009… long before Speak Asia was around just so that I could paid big $$ to write about them now. I travelled back in time, you heard it here first guys.
BehindMLM was covering MLM long before Speak Asia and will be long after.
What are you talking about? For the umpteenth time in this particular instance they quoted the EOW directly.
I’ve been hearing this ‘blind-faith’ nonsense for months now. Hats off to Speak Asia, they’ve done a great job fitting their members with giant bubbles around their minds, refusing to accept the reality infront of them.
How on Earth are Speak Asia going to prove that any company paid them 3.8 million USD per survey to prove they made more money on survey sales than membership fees?!
Throwing these terms around might be like, y’know… cutting edge insults in India but please, come join us in 2011. If you want to cut someone don’t start off by throwing insults around like our grandparents used to use back in the 60’s.
And on that note Anju.. seriously, what’s with all the ‘BFF moneylife’ crap. Are you five years old?
Irrelevant, seeing as Speak Asia never acted on them. Let’s keep the discussion to what actually happened rather than hypotheticall ‘they were gunna this and that’ please. We’ve heard it all before.
Yes it is. At the time of the regulatory action up until now there has been no other Speak Asia compensation plan or business model introduced.
The compensation plan of Speak Asia as it stands today is still make $7-$20 from doing surveys or make thousands from recruiting people. One major difference we know now is that there’s no survey sales, which strongly indicates the whole thing was a membership money game.
False. Look at the business model and compensation plan of Speak Asia, ‘pyramid scheme’ is written all over it.
Personally I couldn’t care less about the vested financial interests of others in Speak Asia as I have none myself. Why is that so hard for you to grasp?
There’s no ulterior motive here (which you idiots feel the need to desperately try to assert, rather than challenge the facts as they stand), it’s just a simple analysis of a business model that scream pyramid scheme.
Leave your drama at the door.
Even if we ignore the EOW and accept that there are survey sales, there’s no way Speak Asia are making 3.8 million USD per survey sale.
So where does the rest of the money come from? Membership. You say nobody will lose their money, so what happens when the population of India is exhausted and there’s nobody new left to join Speak Asia?
Where will the money come from to pay existing commissions?
On current growth projections, this is scheduled to happen within 6 weeks even if the company are allowed to restard operations.
THERE IS NO CLIENT LIST! The EOW have gone on the public record stating surveys were commissioned inhouse!
Wow. Just wow. I’m really not used to dealing with uneducated morons of this level on here.
Do you simply not understand that anyone with half a brain who looks at Speak Asia’s business model and compensation plan can in in no way surmise it’s anything other than a pyramid scheme?
Really, the mind boggles. If you idiots applied half the logic you put into your blind faith that anyone criticising Speak Asia is being paid by ‘bosses’ into the workings, business model and compensation plan of Speak Asia itself (without all the bullshit psuedo-religious rhetoric and hype), we’d probably be on the same page.
But ohhh no, much easier to believe in wild conspiracy theories (and before some idiot brings up Pal, the linkage between him and Speak Asia was cited. Claiming the world at large against Speak Asia is employed by ‘bosses’ is uncited illogical bullshit that will only appeal to the brainwashed and uneducated Speak Asia members plucked from the bowels of Indian society).
No, no it’s not! The panelists do not factor into the investigation into Speak Asia’s business model. The money is gone, deal with it. All that’s left now is to legally establish whether or not Speak Asia is a pyramid scheme.
It’s as simple as that.
AISPA et al are just comedic distractions with no bearing or relevance to the investigations whose sole purpose it is, is to establish whether or not the business model and compensation of Speak Asia make it a pyramid scheme.
If that were true, there would be no news coverage.
The public have a right to know, this isn’t some closed court hearing.
Mate that’s because you’re incapable of applying simple logic to an obviously flawed business model.
You’re beyond help and why companies in India and the third world continue to scam the public at large. You are a golden honeypot for scammers and I pity you.
But no, please. Believe in the scam, keep that dream alive. Maybe that next scam you invest in will finally pay off.
Pot, meet kettle, in the truest sense of the phrase.
Firstly Speak Asia utilise a binary component in their compensation plan, this is pure MLM. Unfortunately the commissions they pay out off the binary are all recruitment based.
That is pure pyramid scheme, but not at all unexpected because there’s no product. Yous sell memberships.
In affiliate marketing you need a product to sell. Speak Asia has no product. You sell membership.
As for the e-zine, would you pay $220-$240 a year to receive rehashed Wikipedia and free article directory articles without the pyramid scheme business opportunity attached?
Kumar and Kaur were conveniently already overseas when this all happened, and have remained in hiding since.
Pal’s stake in Speak Asia requires him to stay in India and play the ignorant distributor role, whilst actually running things. You don’t honestly think Kaur and Kumar are running things from overseas? They’d at the very least need people in India to co-ordinate the business.
For the last few months the only use for Kaur and Kumar has been to sign documents Pal has sent them to be issued as press releases. Pal himself is running things from Mumbai, that’s pretty obvious and explains why there’s no senior managment (CEO) level in India. And also why lawyers would advise the two to remain overseas, seeing as they can’t exactly lie to police about the formal management structure of Speak Asia under police interrogation.
Irrelevant without proof that Speak India was actually started by Pal.
The Pal heresay was backed by several independent sources covering print to television spanning all the way back to 2007. Your heresay is just that, and comes with no cited proof or any indication as to what you’re saying is correct.
Do you have anything to cite that even remotely suggests Speak India Online was started by Pal?
There is no need to wash our brain, it’s already washed before seeing the opportunity of speakasia, we are not hypnotized or brain washed, you are actually brain washed or hypnotized by the common things surrounding you i.e. you are programmed to common things like a job, salary, family & nothing in life apart from that..
your brain can’t accept uncommon things, your brain will not accept uncommon dreams, because you lack common sense, “common sense is uncommon among common people”, common sense is required to understand this business which many people lacks..
A job in MNC company in IT Industry with handsome salary may be enough for you, i appreciate that you won’t have greed to focus on any MLM, but you need to think those people whoever come and join in that same MLM not only with greed to make money but also with so much of hope to achieve success to fulfill their financial needs for an important cause for their family which they can’t do in any other way because of various reasons.
Most people, including you & even many of your friends, and family, do not dream like they used to, because we all have been programmed that “dreamers are not realists”.
Jesus Christ, now it’s the ‘job argument’.
By all means join MLM, but at least pick a product based one that focuses on retail commissions. Marketing products is fine, marketing memberships is not.
Don’t try and put the two very different business models under the same MLM umbrella.
you keep on answering like this by putting all the questions in green colour boxes and making designs. Uneducated, illetrate, fool, etc., call us whatever you want..
By the way keep doing your work for life long and MLM will be there in this world from the ages with companies called Vorwerk & Co. KG (German based started in the year of 1883 with sale of around $3.58 billion), Avon (US based started in the year of 1886 with sale of around $10.3 billion), Tupperware, Amway, Mary Kay, many more companies which came into huge criticism at their times and finally they won and started working because of their trend setting revolutionary business models..
New technology & new business model always traps in criticism and if they have real stuff they can succeed, otherwise they will be closed.. If they succeed it’ll be a revolution, they are trend setting companies..
It is useless to discuss in this kind of forum in a healthy way, it is one sided, Again & again you people namely The owners of the blog can write anything in this website, Oz, riyfkm, K. Chang, Observer. You people will be answering for each & every question by by putting green colour box & telling “all others are fools, we are intellectuals…”,
let it be.. no problem.. only a mad will speak to you or make comments, what you are doing is.. it is like 3-4 dogs barking by seeing the sun… Stop
barking, since you can’t do anything..!
Herewith I’m signing off from this useless idiotic forum..!
Yeah it’s called format and makes things easier to read. Far more easier than the shit for brains grammar and gigantic paragraphs you use in comments in that I have to keep editing.
Like I said, I take the readability of this site quite seriously, far more seriously then the calibre of websites you’re obviously used to participating on.
I don’t know what Vorwerk KG is but all the other companies you listed have products and operate on a retail based compensation plan.
Speak Asia doesn’t have a product, nor does it have a retail based compensation plan. I cannot buy anything from Speak Asia without becoming a member.
Look because you Wikipedia’d MLM and threw some names around doesn’t in any way legitimise Speak Asia. We’ve already been through this with Anju, so you might want to talk to her about it.
Speak Asia’s pyramid scheme model has been around since at least the 1920’s. 91 years later, there is nothing revolutionary or misunderstood about it.
Yes, it’s terrible when people shove facts and logic in your face. I appreciate that it’s much harder to argue an intellecutal and rational discussion then what you’re used to (village mobs). But at least you tried.
I’m sorry you find readability and format so objectionable. I suppose you’d rather I framed my replies with paintings on a cave wall or written on scrolls of papyrus, scanned and uploaded?
And this ladies and gentlemen, is what happens when a Speak Asia supporter meets the brick wall of reason and logic.
Note Michael failed to address any practicial considerations I put forth to him specifically about Speak Asia. All he could do was come back and have a cry about grammar, green boxes and how hurt his feelings were.
Just in case you wanted more proof, in the two days since this article went live, Ram Sumiran Pal has since deleted his Palkut social network, along with the Speak Asia support group he created.
His friend, Satish Pal has also since logged in and changed his profile picture. Prior to this, Satish’s last activity on Palkut was in August.
The revelations in this article are clearly what brought about his friend’s actions.
I also found an (undated) ad showing Ram Pal advertising ‘Seven Rings International’ as ‘Ramnivas Pal’. Indicating both brothers have a history with Seven Rings.
Here’s a photo further proving involvement uploaded June 2010 (after Speak Asia was launched) showing Ram Nivas (Niwas) Pal onstage with a big Seven Rings International sign;
Not sure if it means anything too, but Ram Sumiran Pal has a separate Facebook page to Ramnivas Pal.
Note that Ram Sumiran Pal recently changed his profile photo. This guy appears to of recently want to dissapear off the internet.
I wonder why.
Okk…tell me one thing..why RBI freezed accounts from 14th may.Under which authorization did RBI freezed accounts of spkaisa???
Singapore bank stopped it,but why RBI freezed it?? Now,don’t reply bcoz of MEDIA trial,they did that,plzzz
You don’t think it’s normal for bank accounts of businesses under investigation for fraud and criminal activity to be frozen?
The CID had Speak Asia’s accounts frozen. Y’know, the Criminal Investigation Department.
OKK..fine..CID cannot do that..YOU have to go in in-depth detail,why CID can’t do that or for that matter any another investigation departments..Anyways to understand that,you have to be in India and know the laws here.
Oz,keep spkasia aside for a minute.Can u tell me why HYIP(HIGH YIELD INVESTMENT PLANS) programmes are not banned.You are saying that scams are largely popular in Indian subcontinent.But for that matter,HYIP’s are largely popular all over the world.
And its dangerously risky promising gigantic returns and the fact is,it’s also a pyramid scheme,where you get extra DOLLARS for referring members.Can you give a solid reason for this.
Why they are sprouting day by day with odd investment plans and also there are sites who are listing these scams and monitoring,which one’s paying and which one’s not.
@Oz — at least these guys are coming back with literate (but irrelevant) comebacks. On my part of pond all those Filipino TVI Express cultists can only cite “it pays therefore it’s not scam” and “it is registered with government so it’s not scam”, both of which are outright logical fallacies.
I won’t bother linking to it, but it’s on my blog (linked to via my handle here.
What do you mean they can’t do that, they’re the CID. A business bank account being frozen whilst a criminal investigation is underway, well I never!
No I don’t, because IT HAPPENED!
No I can’t. This article is about Speak Asia and who’s running it, so lets keep it on topic.
I dunno, some are coherant, but then you’ve got people like riyaz trying to argue that the CID didn’t freeze Speak Asia’s accounts and trying to introduce HYIP into the discussion about MLM companies.
They are, and they did, unless you are claiming that Indian law enforcement don’t know their own laws, or your local newspaper is reporting things completely wrong. Frankly, I find it much easier to believe that YOU are wrong.
Your attempt at derailing the conversation on SpeakAsia is childish and irrelevant.
ohhh..@ K.CHANG,ARE U OZ..I asked oz,not you..my dear..sure,some crazy repy will be there for this also
and how funny it seems,in one side,admins are repeatedly going on record saying that this an MLM blog,and discussing about pyramid schemes.If its an MLM blog,stick to it..why pyramid schemes.
according to you guys spkasia is not an mlm,neither HYIP’s are..so it’s simple.stick to MLM rather.
I’m sure there will be a crazy reply for this too..
all admins welcume,waiting for ur sweet replies…
This is a blog with public commenting, get over it.
A pyramid scheme can use a MLM style compensation plan. Now stop wasting everybody’s time with your rubbish.
What you personally do or don’t want me to write about is irrelevant to me.
i knew…there will be some odd n funny replies…after almost an hour,you guys thought,what to reply now..n finally ended up replying this..which was quite expected..
Public commenting..hahahaa..i hope u know the meaning when someone refers with “@”..
Reply what i asked.rather than replying some nonsense.If you apply some logic to your reply,HYIP’S for instance fall in that group too.Why you guys don’t discuss HYIP’s.If not in this article,a fresh one instead.
Again some witty replies will be there..Oh,and I forgot,where’s your dear friend.K.chang from china..waiting for his/her reply..Is he hiding somewhere??? I guess so…:P
riyaz, continue and your next comment is going straight into the spam bin.
BehindMLM is a public blog with public commenting. You can direct a comment at someone with your @’s, but there is no law that only they can reply.
This isn’t about HYIP, it’s about Speak Asia. Deal with it.
I couldn’t care less about HYIP and I suggest you go find another platform on which to discuss them.
So you don’t deny that you’re wrong, you are just “sore” about it. Ha-ha. What a childish answer, crude but consistent.
Again, it only proves you know NOTHING about MLM and pyramid schemes. Why don’t you go read Wikipedia? Here, I’ll even give you the URL.
The only crazy reply so far came from you
Oh, so we’re at the “I didn’t ask you!” stage. Are your feelings hurt? Do you need a hanky?
Your crude but persistent attempt at derailing this discussion to an irrelevant topic is rather amusing. You yourself claimed this blog is about pyramid schemes and MLMs. So why do you insist on discussing HYIP? How about following your own criticism?
Just because I have a Chinese last name doesn’t mean I’m from China. And that is yet ANOTHER stupid derailing attempt. if you want to play this game, are you Arabic? Your name certain is:
so u wanna try to prove that discussing spkasia here,will fasten the legal proceedings going on in India…Now don’t judge me wrong by denying it…
No, because no such claim was ever made.
For your reference, this is an example of derailing that will be placed straight into the spam basket in the future.
I had posted 2 comments few days ago explaining MLM/Ponzi scheme. Please check these links
Hope you get the Idea..
@ Ram Sumiran Pal
Your parents gave you the name Ram Sumiran, one who is always remembering Ram, i.e., God fearing. However, demon Ravan of greed has cast an evil spell upon you.
You are not aware how much financial damage, mental stress and strained relationships have been caused to millions of panelists and their families / friends because of the sheer magnitude of intricate web of your evil designs.
Unbidled greed has now brought you to the edge of precipice. A totally unexpected revelation in Bloomberg sting operation and unfolding of subsequent events has substantially exposed the intricate web of deceit. Many of your associates are being arrested / interrogated and they are spilling the beans. It is just a matter of time before the law catches up.
On this auspicious day of Dasehra, my sincere advice to you is to kill the demon of greed and put back the ill-gotten gains of Rs 1,000 crore on your own and work out a revised transparent and equitable business model which meets regulatory approval and also dispenses with excessive recruitment commissions. An outline of the revised business model may be put up to RBI at the next meeting as RBI Governor has already called the existing business model a Ponzi scheme.
I am extremely sorry to suggest you to swallow this bitter pill (nobody likes to voluntarily part with a fortune of Rs 1,000 crore). However, it is better to be in Ram’s shoes when the demon Ravan is set to be slayed alongwith destruction of his golden Lanka.
I have no grudge against you. Rather I admire your vision and management expertise which need to be channelised in a transparent and equitable manner for the benefit of millions in India and other countries.
under the guise of sincere advice we can see a white flag being raised .
great !i too have a big white flag and am waving furiously.
let the animosity end -i say .
if pal has been a bad boy we will be the first to slap him and put him in reform school.
but he is not ,not, not running the show .but if it makes you happy to think he does then hey ,please be as happy as
the rbi chief wants to scold us around a little bit and put us on the correct path?hey!he is absolutely welcome.
we totally respect the mega financial brains who head our beloved rbi and we are willing to be scolded everyday.no hard feelings at all.
‘work out a revised transparent and equitable business model which meets regulatory approval and also dispenses with excessive recruitment commissions’.
sure anyday, anything you say.
as long as we’re on the same side we will bend backwards for our rbi.
thanx moneylife my indian sister ,i hope you’ll join us some day!happy dashera!
Satish Pal contacted me in regards to this article to clarify that he is only an associate/friend of Ram Sumiran Pal.
I’ve updated the article accordingly with some further information provided by Satish (namely that Ram Niwas Pal is Ram Sumiran’s brother).
All 3 have the same surname ‘Pal’ but Satish categorically denies any relation.