Who paid $3.8 MILLION USD per SpeakAsia survey?!
This morning I read Ashok Bahirwani’s 2nd October 2011 AISPA update.
As usual, whilst Bahirwani’s report does contain some useful information and clarification, it’s still riddled with mistruths, distortions and at times completely false allegations.
I’m starting to think dissecting Bahirwani’s updates might make for a regular feature on BehindMLM.
First Bahirwani (photo right) falsely accuses the Mumbai Mirror and quotes them reporting that ‘another Speak Asia Official behind bars”, yet this text does not appear anywhere on the Mumbai Mirror website, in any article.
Bahirwani goes on to claim then that in regards to Sanjeev Dandona’s arrest, Dandona
is in no way a SAOL consultant or a direct employee of the company SAOL. Mr. Sanjeev Dandona was an associate of the Master Distributor/Franchisee of HVP M/s Kritanj Management & AlliedServices.
What is this company Bahirwani mentions? Master Distributor/Franchisee?? That sounds a lot like Speak Asia talk. I can only assume that HVP is Haren Ventures Ptd Ltd… was Ms Kaur running two MLM’s?
Quite obviously whatever this company is there’s a strong relationship to Speak Asia. Whether technically or not he was directly employed by Speak Asia is irrelevant, in the game of scams association is association and the EOW are obviously confident enough to prove in court that he is directly or had a defacto financial arrangement with Speak Asia.
Amusingly, Bahirwani states that ‘It seems that Mr. Dandona has parted ways with Kritanj almost 6 to 7 months back‘.
Well of course he did. Being in October now, 6 months ago puts us in May, whereupon you’ll recall that this was the month Tarak Bajpai was arrested and officially marked the start of Speak Asia’s regulatory troubles.
What’s so surprising about senior scammers within Speak Asia bailing out at the first sign of trouble and protecting their money?
Bahirwani continues to lambast the reporter for claiming that
>The funny part is that how the reporter is falsely reporting that he (Mr. Dandona) was involved in transferring crores of rupees to Singapore trying to make this absolutely legit transaction into something illegal and wrong.
I wish to remind the reporting team that M/s Kritanj Management & Allied Services are the Master Franchisee of HVP and it is evident that all the money is routed through this account into the accounts of HVP in Singapore. What may I ask the reporting team is wrong in this transaction when the entire transaction is through proper legal banking channels?
I don’t know what Bahirwani is talking about, but none of these claims appear in the Mumbai Mirror report he’s supposedly referencing. Dandona’s name appears only twice in the last paragraph of the article.
The only thing the Mumbai Mirror accuse Dandona of being is a proxy owner. Which is not at all surprising, seeing as Speak Asia itself appears to have a proxy owner(s) in Satish Pal and his brother Ram.
Scammer see, scammer do?
After crapping on about the grand legitimacy of Speak Asia for a while, Bahirwani asks
I ask you what is wrong in the business model of the company or the transactions. Various reports from your bureau have been published on the matter of SAOL may I ask you what is the inference drawn by your bureau upto now.
I am sure you must have at least figured out prima facie what is wrong with the company.
To which there is a simple reply, in that the bulk of revenue coming into Speak Asia was from membership fees and that there is no retail side to the business. Member’s are merely peddling new memberships and earning a commission of that.
Despite all the attempts at misdirection (“the company paid out everyone, there was never a problem!” etc, etc.), this fundamental flaw in the business model is ultimately what will bring Speak Asia down. Pyramid schemes using this model are illegal the world over, and India should be no different.
On page 2 of his report, Bahirwani then addresses the fake survey claim. Bahirwani claims that in claiming the surveys were fake, the reporter is
Passing judgmental reviews in a matter which is sub judice is again bad in law and amounts to the highest degree of “Contempt of Court”.
Apart from the fact the reporter isn’t even involved in the court case (and how can you have contempt? Has a judge put out a suppression order on discussing the case or analysing what the EOW publicly put on the record?), what we have here is Speak Asia claiming they have corporate clients for their surveys in the past, and the EOW now claiming their surveys were solicited internally.
These are polar opposite statements and both Speak Asia and the EOW have gone on the public record with their claims. You either think Speak Asia are lying, or that the EOW are lying. There’s no two ways about this.
Thus with the EOW on record and the reporter merely pointing out the logical conclusion to be drawn from their statements, what Bahirwani is really claiming (and being the official spokesperson for AISPA, what AISPA as an association, and by proxy all the members of Speak Asia who are apparently automatic members of AISPA are also claiming) is that the EOW is lying and are in contempt of court.
Of course they won’t state this directly, but given what their comments on the reporter, who is merely quoting the EOW directly, this is effectively what Bahirwani (and AISPA and Speak Asia’s panelists by association) are stating.
They’ll of course tell you they aren’t, citing decorum and other such nonsense, but in their roundabout way of attempting to chastise the reporter who merely quotes the EOW and only states the obvious – they’re pitting themselves squarely in opposition of the EOW’s statements.
With no margin of error and the confidence of both parties to go public with their statements, thus one of the parties involved is obviously lying.
Speak Asia, who have previously been caught out lying about their survey clients before and Singapore compliance, or the EOW?
The company SAOL has never said anywhere that they conducted only “commissioned surveys“.
On the contrary the company has gone on record to say that the company is into “Precision Mass Marketing” and one of the activities undertaken by the company is to gather opinion of its panelists on various issues and subjects spread over various verticals, industries and services.
I’ll concede Speak Asia never stated they exclusively conducted commissioned surveys, but ‘precision mass marketing’?
There isn’t some eBay style marketplace out there for uncommissioned surveys. Let alone uncommissioned surveys where one person can have up to 9 submissions (sub-panels) of the same response, thus completely destroying the accuracy of the survey results.
Bahirwani has missed the main point in this revelation of ‘fake surveys’, as evidenced by his next question;
The moot question is: what is a fake survey? A survey at worst may be a useless survey which has no takers or may not be saleable, but how can any survey be called fake?
The surveys conducted were most of the time “stock surveys” for the survey data bank of the company they may not have been commissioned but in “NO WAY ANY SURVEY OF THE COMPANY CAN BE CLASSIFIED AS FAKE”.
When claiming the surveys are fake or not, this needs to be put into context. The context being that a crucial point of analysis in whether or not Speak Asia is a pyramid scheme, is in establishing whether or not the company made more money selling surveys to clients than it did on membership fees.
In this sense Speak Asia would need a hell of a lot of high paying commissioned surveys to achieve this and as such, any non-commissioned surveys would then be fakes as they do not count towards contributing to proving Speak Asia is a pyramid scheme or not.
As it stands Speak Asia have recorded 1.8-2.2 million panelist accounts (depending on who you cite). Even if we take the 1.8 million panelist number however, that’s still 11,000 rupees per panelist coming in at 19,800,000,000 rupees, or 1980 crore.
This is shy of the commonly quoted 2000+ crore figure that Speak Asia have earnt in membership fees, but note that I didn’t include premium panelists in the above calculation. Factoring in Premium Panelist fees (which are slightly higher) I believe covers this discrepancy.
Either way, Speak Asia have to not only match this figure, but they have to prove they exceeded it with the money they made from survey clients.
At 2 surveys a week and roughly a year of operation, that brings us to a staggering requirement of 190,384,615 rupees per survey (with no room for any unsolicited surveys).
Do you know any company in India who would be willing to pay Speak Asia at least 190 million rupees ($3.8 million USD) per survey?
Note that with the confirmation of fake surveys by Nayan Khandor, this figure would be even higher per commissioned survey once all the non-commissioned ‘fake surveys’ by Khandor were factored in.
To date not one company has stepped forward and claimed a public relationship with Speak Asia via the commissioning of a survey.
What are the chances of Speak Asia being able to prove this astronomically high figure (cmon guys, 3.8 MILLION USD PER SURVEY minimum!) in court?!
And finally, Ashok closes with the now all too familiar cry of
The only crime of this company SAOL is that its business model is way ahead of its time.
It is a revolutionary business model and it is one of the few avenues where one can earn millions of rupees in a 100% legal way and most importantly in the time frame you feel comfortable in.
Yeah because y’know… it’s not like ponzi schemes haven’t been around since the 1920’s or anything.
Footnote: Whilst I appreciate that Speak Asia’s activities mostly affect Indians in India, please respect that this is an English blog. Comments in Hindi will not be published.
Thats very true coz its only a intellectual’s ego fight going on.
In India How anyone comment in Hindi.
why would pal who RUNS speakasia have a master franchisee OVER HIMSELF?
so now you know that kritanj had more seniority.get busy on the net soapbox ,pick up snippets from here and there and PROVE that actually kritanj is the true MASTERMIND.
Uh, where did you pull that one from?
Again, where did you pull that one from too?
kritang management and allied sevices are the central distributors or master franchisees of HVP which publishes the ezine.
all franchisees branch out under kritang .there are approx 130 franchisees all over india.
many of them are richer and more powerful than our pal’s.
pal manages to steal some of the limelight because he is in mumbai and lots of company meetings,trainings, seminars are held in mumbai.so he gets to hobnob with management and gets to show off about it.
this corroborates ashokji’s contention.
you seem to think that saol’s public face off with the eow is shocking.
why can’t we take an opposite stand from any govt authority?we are a pretty strong democracy.our authorities can handle disagreement.
pal has been questioned in the saol matter and no arrest was made .
admatrix put his brother in trouble.
i have some unverified info that saol management were none too happy that his family was getting into admatrix.
before the shit hit the fan [may 2011] ‘words’were exchanged between pal and saol.
So what does that have to do with the distributor heirarchy of Speak Asia? And moreso how does being in one limit yourself to not being in the other?
Again, what does that have to do with Speak Asia’s downline?
No it doesn’t. I linked to the same article in my own article, Ashok misquotes and falsely accuses the reporter of things they have not done. Cmon anju, read what I wrote in the article again. I don’t just refute what Ashok wrote, I cite the source he’s using (the Mumbai Mirror article) as evidence.
I never said you couldn’t. What I noted was that this was the first time Speak Asia and AISPA had accused the EOW (and by proxy the Indian government) of lying.
A charge you vehemiently denied, but now seem to accept. You’re welcome to accuse the governement of lying – but in trying to determine who has more credibility (in reference to this case alone, I don’t want to hear about greater widespread corruption in the Indian system), Speak Asia have now lied twice, once about their clients and twice about their ‘good standing’ registration in Singapore (which was later downplayed as a non-issue, but a lie at the time nonetheless).
I don’t recall the EOW they themselves having lied thusfar in any instance they have been directly quoted.
(the media are a seperate issue, so please don’t bring them up either on this specific point, we’re talking about the EOW and Speak Asia).
Who is management? Harendar and Manoj??
See, now whereas I’ve cited my information with sources – you are now attempting to inject heresay and unverifiable rumour into the dialogue.
I can’t take any claims seriously without some third party proof backing up your claims.
I’ve provided several non-connected sources each backing eachother up and dating back to 2007 linking Pal up being in a very much capable position to be running Speak Asia.
With your revelation of the mastermind behind SAOL, suddenly an entire army of angry readers has started bombarding BEHIND MLM.This is an indicator of the quantum of stakes involved.
SAOL has a large number of distributors in India to remit subscription money to master distributor Kritanz who in turn remits the consolidated collections to E-zine supplier Haren Venture Products, Singapore.
Ram is Apex Panelist sitting at the top of the pyramid. He is also a distributor which helps him in converting his daily accrual of reward points into self-generated PINs which he sells to others, who approach him as he is a distributor, and collects payments which he is not required to remit to SAOL. As a result, there is under reporting of the size of scam.
As revealed by Joint Commissioner of Police and reported by DNA, there are 850 fake Panelist IDs allotted without any subsription payment received by SAOL.
The beneficiary is obviously the Panelist who also runs SAOL because nobody else can generate fake IDs except the owner himself. In Bloomberg sting operation, it is revealed that the mastermind’s front leaders earned Rs 2-5 crore each, i.e., Rs 3.5 crore average for a set of 3 Panel Centres or Rs 1.2 crore per ID (a set of 3 Panel Centres is essential precondition for earning passive binary commissions from downline recruitments).
Multiply 850 with 1.2, you get a figure of Rs 1020 crore, which is close to Rs 1000 crore earning by the mastermind as revealed in the sting operation.
In July 2011, when it became clear that it would not be possible to continue with the fraud, a new website was created in a hurry (without putting the promised product details) and migration to SAOL’s new website was made subject to the panelist keying in his bank details. If the mastermind did not enter bank details for his 850 fake IDs, then these IDs would vanish forever alongwith the trail of the looted money.
However, because of the unexpected take over of the servers and the site by EOW, this last leg of operation clean up could not be completed. Hence the need to somehow manage the show through proxies.
“i have some unverified info that saol management were none too happy that his family was getting into admatrix”.
Your information appears to be reliable.
From February 2011 onwards in all SAOL seminars, COO Tarak Bajpai and other Senior Managers started mentioning about forthcoming inclusion of ad surveys as additional 100% extra income stream for SAOL Panelists. In fact, one ad survey was provided on Samsung.
However, Ram started a seperate company Admatrix through his brother and as revealed in Bloomberg sting operation, transferred his front leaders in SAOL to Admatrix. This obviously would have given a red signal to Tarak Bajpai that SAOL’s end was near.
Haren Kaur and Manoj Kumar might not have objected as they were kept in the loop because of their personal financial benefits in funds transfer from SAOL, Singapore to Seven Rings International to Admatrix.
When adverse news broke out on Star News on the night of May 11, 2011, Manoj Kumar had to be persuaded to come out of the cold as CEO to defend SAOL during press conference held on May 16, 2011.
As Ram is Apex Panelist of SAOL, Ashok Bahirwani’s joining SAOL as a Panelist on May 12, 2011 and thereafter becoming Secretary of AISPA forming a mutual admiration society with SAOL is a foregone conclusion.
Reminds again of Bloomberg sting operation scam mastermind’s admiration for Ram’s foresight, “He plans and takes action today for what will happen tomorrow”.
With your revelation of the mastermind behind SAOL, suddenly an entire army of angry readers has started bombarding BEHIND MLM.This is an indicator of the quantum of stakes involved.
duh?how?why will people stand up for pal?will pal go house to house distributing money?
Haren Venture Products, Singapore.
haren venture publications,singapore.
SAOL has a large number of distributors in India to remit subscription money to master distributor Kritanz who in turn remits the consolidated collections to E-zine supplier Haren Venture Products, Singapore.
so you agree it was legitimate money channeled through proper banking channels?
In Bloomberg sting operation
i strongly protest .it is the belief of 1.5 million panelists that this was a ‘managed’ sting.we refuse to accept anything said by anybody in this sting.
stick to what the eow has or has claimed to have.
the eow says they have identified 850 fake id’s. good for them. when it comes up in court we’ll all get to hear the company’s clarification.no worries.
Hence the need to somehow manage the show through proxies.
Who is management? Harendar and Manoj??
harendar,manoj,tarak bajpai,the regional managers, the area managers.
you do know pal visited the eow voluntarily don’t you?
you found your ‘snippets’ on the net supporting this, so you can’t fall back on your standard stance that everything anju says is hearsay.
why was he not arrested?why is there no arrest warrant out for him?
RBI MEETING IS SCHEDULED FOR TOMORROW
can you guys sing?sing the following to the tune of ‘we’re going to the market ,we’re going to the fair’-
we’re going to the the rbi,
they’re going to be fair,
to show our survey income,
we have nary a care.
o shaky shaky shaky-shake it all about,
shake it like a speakasian, and do the turnabout!
yeah yeah ,stop the applause already,i completely know i’m brilliant.
Anju NEE Pal or is it Pal nee Anju….CEO/COO in interviews said that he had just recently been appointed CEO/COO of SAOL. This is inconsistent with his alleged involvement with SAOL.
If the scamsters allegedly paid the police 5 lacs for lockup etc, could there be a coincidence in the Mumbai FIR, the extended cosy interview in GOA with Star News, and various recorded sting interviews by the top distributors.
If the money is gone then why cry over spilt milk.. we all walked in with our eyes wide open..some gained..some lost. This is a job for specialist forensic accountants and investigators,the EOW would be best advised to use a big chartered firm’s forensic wing, or use the forensic wing of Scotland yard who have arrangements with the Singapore authorities so that an audit trail is possible in Singapore.
All of the companies are registered in Off shore countries/islands. Nothing can be done. YUG is already selling through other online retailers, naaptol I think etc.
Any way, hats off to the Indian brains behind this massive operation. No wonder India is the place for foreign investment with very very high short term yields — EOW or no EOW.
Depends on the context. This is trying to “weasel” out of the problem.
The survey are not fake only in the sense that “yes, the questions do exist and the topic does exist”.
However, they are FAKE in the sense that “surveys made as the request of a company to get opinions of real people”, because nobody commissioned it. “Stock survey data” makes no sense, because market conditions change. The “stock survey data” explanation makes no sense whatsoever.
It was spelled out for you in the Bloomberg interview, if Pal goes down they go down. Same as any other pyramid scheme in history.
What does that have to do with anything?
The investigations are ongoing, let’s see what happens. One of the reasons could be Speak Asia hasn’t legally been declared a pyramid scheme yet. The EOW/CID could just be waiting like the rest of us.
The last thing they’d want to do is arrest Pal, have him make bail and then dissappear before Speak Asia is ruled an illegal company.
Why is this automatically a good thing for Speak Asia?
How are they going to explain 800+ fraudulent accounts and the fact that there are no corporate survey clients?
What’s the connection between Pal and Bahirwani?
I think Pal and Bahirwani are rival panelists each with their own clique of panelists and there’s a “power struggle” within the SAOL Panelist ranks.
This, of course, is “somewhat” at odds with the idea that Pal is the puppermaster.
Not entirely, if Pal is indeed running Speak India (who banned Bahirwani), and Bahirwani started up AISPA in protest, if Bahirwani is still in the dark (remember Pal won’t publicly acknowledge his ownership of Speak Asia to anyone but his direct frontline), then all people are going to see are two panelist cliques arguing.
Bahirwani himself might very well indeed think he’s just arguing with another run of the mill panelist, and seeing as he claims to be for Speak Asia Pal really has nothing to lose by letting him carry on his business.
Speak India never got involved in court action or anything legal (as far as I know), so perhaps it’s diminishing importance is a good thing for Pal as he can focus more energy on running Speak Asia itself.
That is of course if Pal really does own Speak India. I haven’t seen anything confirming this yet.
Not surprisingly, seems like the latest RBI meeting was delayed again.
AISPA are claiming Speak Asia are good to go, but there’s no proof of that. Nor do they mention which side is responsible for the delay.
I imagine Bahirwani would be lambasting the RBI for the delays if the RBI were responsible… so that only leaves one other party.
I guess I’d be delaying for as long as possible too if I had to explain over 800 fraudulent accounts and somehow provide proof I had corporate survey clients when there are none.
@Oz…. I have a doubt on how you reached $3.8 million per survey figure…
If you see there are 20 Lakh (2 million) panelists/ID’s and each person receives 500 rupees for each survey. The Rupee to dollar ratio now is approximately $1 = 48rs. So 500 rupees is slightly above 10$.
So for each survey Speakasia needs to pay 2 million people slightly over 10$ per survey. So 2 million x 10$ = 20 million USD.
And I wonder if companies like Apple start buying surveys at this rate, then they’ll go bankrupt within days.. if not hours.. LOL
The survey figure wasn’t based on what Speak Asia need to pay out, it was based on the figure they need to prove to the courts they’ve earnt in selling their surveys to clients (greater than the money they’ve brought in via membership fees).
Of course what they need to pay their membership base, as you’ve already worked out, just makes Speak Asia in a pure mathematical sense, even more ridiculous.
@riyfkm — I think Oz used 11000 rupees instead of 500 rupees. I was kinda wondering where the figures came from.
Still, this is only PART of the problem. The figure basically says WHERE does the money come from in SpeakAsia?
If MAJORITY of the money is from membership fees, then it is a pyramid / ponzi scheme.
If MAJORITY of the money is from surveys, and Speak Asia can PROVE it had sold this many surveys to various companies, and have received this much money to pay panelists, then they have a chance (not full exoneration, merely a chance) to be declared legitimate, depending on how extensive the membership / ponzi side is.
Thus far, Speak Asia has yet to prove it has ANY CLIENTS or SOLD ANY SURVEY DATA. The only surveys it did thus far, Barhiwani claimed are “for ‘stock’ data”, which makes absolutely no sense. Data is like vegetables: they must be FRESH. Old data is worthless (except for trend analysis, but that’s not consumer stuff generally).
Add to that the confession about the surveys sourced from Wikipedia and such, and the results are… to put it mildly, depressing, for SpeakAsia.
11,000 is the membership fees. Speak Asia need to prove they’ve earnt more than what they’ve taken in via membership fees in survey sales (1.8 million panelist accounts x 11,000 rupees) to corporate clients.
3.8 million is need to just balance the equation, they’d actually need to take in more to prove they made more from survey sales. And more again if we take into consideration Premium Panelist membership fees.
This obviously isn’t going to happen. Hence delays with the RBI meeting and general tomfoolery we can no doubt expect over the next few weeks with the other cases.
And I still wonder.. how people could still believe that someone is actually paying 20 million $ for a single survey???
WOW.. I guess these people will even believe “that mermaids do exist in reality” if Speakasia says that in their ezine … LOL
i have reason to believe[hearsay of course],that saol deposited it’s audited balance sheet with the rbi yesterday.
the delay is probably because the rbi needs time to read the document before it sets a meeting date.
miss observer needs to make up her mind .if pal is the ‘owner’ of speakasia then why will he take his team and migrate to another company[lol].
speakasia was started by ritesh pal a relative of ram pal. `
So why doesn’t Ashok Bahirwani know this?
That sounds reasonable.
Because millions of USD have already been siphoned off overseas. Cut and run.
A restard of operations means paying out panelists. To date Speak Asia haven’t done anything except write letters to the authorities they know they won’t budge on till the investigations and court action is resolved, and launch a completely useless exit option website that isn’t connected to any verifiable database.
Haven’t heard of him before… proof?
And what, does this finally confirm that Kumar and Kaur are just useless puppets used to launder money through HVP and Tulsient?
Starting with Seven Rings back in 2007, sounds like the entire Pal family are a bunch of scammers.
footnote: I know we’re at odds on a lot of things, but thanks for the update.
As Ram is Apex Panelist of SAOL, Ashok Bahirwani’s joining SAOL as a Panelist on May 12, 2011 and thereafter becoming Secretary of AISPA forming a mutual admiration society with SAOL is a foregone conclusion- OBSERVER.
ashokji’s joining date is completely coincidental.
he has no downline.
he has recieved no payment from saol.
he joined saol on the insistence of his family.
he has never been involved in any mlm previously.
he attended a court date of the company where he met some family members of dipankar sarkar ,a panelist who had been arrested along with tarak and the others.
he started talking to many other speakasians and over a couple of weeks the idea of aispa took shape.
it is a simple story without any back hand dealings and mystique.
as soapbox’s RARE intelligent colloquialism -the simple story is more likely to be true.
if you get off the pal high horse then probably you’ll move in the right direction.
otherwise you’re just going to wade through deeper and deeper shit and you’ll lose the thread.
Uh… there’s nothing simple about someone with no history in MLM joining a company out of the blue, making no money in said company and then launching a panelist association with no downline or vested financial interest in the company ($7-$20 a week isn’t a vested financial interest).
That’s a hard story to swallow with a straight face.
ashokji was planning retirement and thought mlm would be a nice hobby cum income generator. he was just at the right time at the right place. he is always fighting for some cause or another .
people who meet him can see the conviction he has, he is no paid help.
So in essence (and I’m not trying to play the experience card here at all), Bahirwani’s got no idea when it comes to MLM, pyramid and/or ponzi schemes and their respective compensation plans?
So why doesn’t Ashok Bahirwani know this?
i hope i haven’t jumped the gun here.
could you delete the part about the rbi ?
of course he must be having an idea.
everybody joins an mlm ,for the first time, at some point in their lives.
but an educated corporate person will not jump in with eyes shut i suppose.
“What’s the connection between Pal and Bahirwani?”
Both Pal and Bahirwani are having Mira Road connection. Pal started his first scam from Mira Road, a distant suburb away from Mumbai. He likes to stay in hotel in this area.
Bahirwani was made to join SAOL as panelist on May 12, 2011, just one day after SAOL scam was exposed on Star TV channel and Pal fully understood that his game was up.
Bahirwani’s induction was a strategic move to organise a Panelists’ Association to keep 1.9 million Panelists pacified and eternally hopeful (so that they don’t file complaints with Police) and also to lobby for protection of Panelists from Police action. Remember Pal and his front leaders are all masquerading as mere Panelists of SAOL and they hope to continue hiding in the crowd.
Bahirwani started regularly attending court matters beginning with efforts to seek release of COO Tarak Bajpai and also reporting developments and commenting in favour of SAOL exclusively on Speakindiaonline website. He appointed himself as Secretary of AISPA and continued posting his comments as Secretary of AISPA.
Many panelists were also making highly critical and inflammatory comments on this website, against Police, RBI, Banks and Govt. of India. There was distinct possibility that EOW may soon close this website and also take action against its owners. Pal hurriedly organised a separate website for AISPA and deleted all previous comments posted by Bahirwani.
You will notice that Bahirwani has never passsed any adverse comment against SAOL or its owners. He appears to be working as exclusive lobbyist for SAOL and the persons behind it.
Shortly after your expose “Who is really running Speak Asia?” on Oct 01, 2011, some one posted a comment on AISPA website “Shocking news on Speak Asia, see behindmlm.com.” This comment was promptly deleted by Bahirwani. This shows that Bahirwani is simply ignoring adverse news against SAOL or its mastermind.
If his intentions are honest, he should be taking notice of adverse news about SAOL and the scamsters behind it being exposed at BEHIND MLM as these have an important bearing on the Panelists’ interests.
He has also not commented on reports of siphoning of Rs 1082 crore and presence of 850 fake IDs which put a serious question mark on realisability of Panelists’ dues.
just found out. resultant of aispa’s press conf around 8-10 popular newspapers in regional languages[marathi,gujrati and hindi]have carried positive reports .
the reports say that the police has frozen the accounts of saol due to which people have not been paid for the past four months and people have lost their livelihood.
the english speaking population in india must be barely 2%-3%.
the reach of vernacular papers is deep and wide.
It’s out there now, not much point removing it.
I did notice the removal of the link published by someone. They seem to be moderating everything published on AISPA as I noticed a large batch of approved blogs/testimonials go through this morning.
Previously I don’t believe this was the case.
And yeah, obviously there’s the huge slant in Bahirwani’s updates and missing chunks of information, something I’ve tried to counter in my own updates (by including Bahirwani’s updates with the greater media at large and reader’s contributions).
What only now? Weeks after the press conference?
And how is that positive news. Did they mention why the police froze the accounts?
Permitting the scam to continue and grow is worse than effectively stopping it in its tracks.
ha ha ha .
observer[moneylife] is going on building up tale after tale based on totally circumstantial evidence without backing it up with ANY PROOF.
what is his mira road connection?he lives in downtown mumbai.
his mothers house is in mira road.
so is observer saying pal orchestrated his moms illness and consequent passing away to allow ashokji’s visits to mira road?
besides speakindia and aispa there are lots of other sites for speakasians and everybody is going crazy on every site abusing the eow and supporting saol.
on what basis can eow stop these sites in a democracy?
because people don’t LIKE them?
if the eow is investigating pal they can only probably shut down his website.
remember all these other sites are merely social networking sites.
aispa is the only site which is the ‘associations ‘site.
why would anybody delete a mention a of behind mlm from aispa?
the call instead is more likely to be ‘lets all get out there and kill them’.
that explains the sudden barrage you experienced.
but since you are putting most comments in your spam basket people will loose interest and move away[they have enough sites to fight on as it is ].
but the good news is many people will at least be logging into your site to check on what’s going on .
CHECK YOUR ALEXA RATING’S SOAPBOX!
i bet they’re up and away.
just the day before yesterday i saw a comment on aispa criticizing ashokji in very strong words.
the moderators have been strictly told that apart from abusive language nothing else can be edited out.
speakasians [mostly] support saol.believe it.
we’re talking approx 1.5 million people here. how much editing can anybody do?
i’m going to be spending some time in mira road over the next week [a friends wedding].
oooh!maybe i’m lying.maybe i’m going to meet pal in his little hideout?
maybe all speakasians from mira road are onto this secret?
there enough fodder .
now we get to hear another story.WAIT! let me get a cola first and settle down.
hehehehe,,,,every mira road resident,who are spkasians have a connection with Pal…
Observer is still observing in Mira Road,,gush !!!!
. Remember Pal and his front leaders are all masquerading as mere Panelists of SAOL and they hope to continue hiding in the crowd.
if pal is masquerading as a panelist why did he appear before the eow as a franchisee?
you think having gone through the books of the company the eow would not identify pal as a franchisee?
aispa is fighting for the panelists rights alone .
the franchisees are the company’s problem.they alone know what contract they signed with the company.
so how does your ‘pal invented aispa ‘hold now?
do you honestly think that aispa has the POWER to physically STOP people from filing fir’s?
c’mon guys get real.
nobody can stop a panelist if he’s really pissed.
people are anxious and worried and impatient but somehow magically they are all standing behind saol.
difficult to understand but true.
He has also not commented on reports of siphoning of Rs 1082 crore and presence of 850 fake IDs which put a serious question mark on realisability of Panelists’ dues.
hello! ashokji’s not an employee of saol that he needs to answer questions about fund transfers and fake pins.
these questions are for the management to answer and they will answer in court.
aispa unashamedly says that it supports saol.we believe in saol and until proved in court that they are running a scam we’re not taking anybody else’s word for it.
why should we listen to the media or the eow?what are the courts for ?
Have you ever heard of “sunken cost fallacy”?
The entire AISPA group is a perfect demonstration of sunken cost fallacy. The entire group refused to abandon SAOL despite a ton of bad news and shady corporate behavior. Obviously, having someone like Bahirwani as a “leader” would have helped too (keeping the folks together to defend the sunken cost).
thanx chang the amway shrink.
when saol comes back, we will no longer be the ‘clan of losers’, but will be the brave citizens of india who helped create incomes for millions of educated unemployed.
it is always easy to give up ,but staying strong in spite of all the negativity and ridicule, takes a special kind of guts.
No idea. But the fact of the matter is it was. I’m not criticising AISPA for it, Bahirwani’s updates are often one sided and selective so it doesn’t surprise me at all.
Yesterday for a few hours someone posted a testimonial featuring a BehindMLM link that was visible for a few hours, before being deleted.
Please. To date we’re talking 2-3 comments from riyaz that were either in Hindi or cluttering spam. You’ve been here long enough to ascertain the level of quality I try to maintain in the discussions here.
Anyone is welcome to contribute providing it’s not the deconstructive useless garbage (‘Speak Asia jindabad!’ ‘lolz any1 who h8es Speak Asia is an idiot lolz!’ etc.) published on a lot of Speak Asia support sites.
You and AISPA (judging from Bahirwani’s latest update) appear to be fixated on Alexa rankings. Honestly I couldn’t care less.
Panelist, franchisee who cares? It’s still not an official capacity as owner of Speak Asia or management.
What part of ‘Pal has set this up so he won’t appear as management to anyone’ are you not getting?
No, of course not. But that hasn’t stopped Bahirwani from begging the panelist population from doing so.
The Deccan Herald just yesterday carried a report detailing a Supreme Court petition by 115 panelists (no idea if this is new or not but it’s happening).
Yet he’s quite confidently happy to comment on any and all matters that portray Speak Asia in a (often questionably) positive light. Why comment at all then?
At least I acknowledge whatever happens as happening. Bahirwani is just spindoctoring away deliberately choosing to ignore anything negative, as if it doesn’t exist.
Misleading the panelists? You bet!
Now what are you talking about? I read the same MoneyLife report and couldn’t see anything you’ve quoted there.
They quote unnamed EOW officials as having stated that
Admitting fraud seems to be a trend of late with people arrested in connection to Speak Asia.
Even if we do enteratin your uncited quotes, do you honestly think Speak Asia’s growth had anything to do with it’s surveys?
People were joining the company, and being coaxed to solely because of the generous recruitment commissions on offer. If the RBI and Speak Asia work to abolish them, the company might survive, but it’s going to have nowhere near the growth and participation is enjoyed before.
Then of course there’s the whole issue of paying people out after their membership money runs out. With no corporate clients and a dramatic decrease of new membership numbers, where is the money to pay panelists going to come from?
Cmon anju, think before you start harping on about sunny skies and clear sailing ahead.
Sidenote: Some of the comments on that MoneyLife article are excellent examples of trashy spam comments I’d send straight to the spam bin. They’re pointless and add nothing to the discussion.
Also it seems that AISPA has been hacked by some angry Pakistani hackers (click to enlarge);
Sure thing, anju the blind SAOL faithful.
And what will you do if SAOL was declared illegal scam?
Denial is not a river in Egypt. 🙂
old hat .that’s the panelist case in the supreme court. the panelist have made saol and haren ventures respondents and want the court to order them to pay .
under the guise of sincere advice we can see a white flag being raised .
the above is in response to observers[moneylife]post on your site today.
we’ll see then ,wont we?right now we’re so focused on winning. we’re not considering that at all.
longer saying- back at you.
Oh dear, god.
God has nothing to do with pyramid schemes so let’s keep him or her out of the conversation shall we.
i meant speakindia[the social network]was started by ritesh pal a relative of ram pal.
saol is the idea of haren and manoj .they thank you for the credit due to them.
If I didn’t know any better I’d say you were deliberately trying to cloud the situation.
In the face of no new evidence to the contrary, my original charge that Ram Sumiran Pal or Satish Pal is running Speak Asia still stands.
Another news about Speakasia.. : http://www.dnaindia.com/mumbai/report_speakasia-was-active-in-bangladesh-too-police_1594391
That’s interesting that the EOW’s Rajvardhan is claiming that ‘A criminal case is also registered against SpeakAsia panelists in Chittagong in Bangladesh.
Don’t think I’d read about this case as of yet (or it might have got lost in the ongoing coverage somewhere).
AISPA seems to be drowning in a bit of negativity as of late, strangely evident only after they reassured everyone they’d stopped heavily moderating user input.
Bahirwani has not published an update since the 4th Oct (4 days ago).
I haven’t been able to get clarification as to what the panelists are referring to happened on the 4th but it’s not sounding good at all.
What’s the exit strategy guys? Flee to Bangaladesh? Dubai? Singapore??
i have been visiting many speakasian network sites for the last few months.
there are lots of people angry and impatient everywhere.
point is ,are they taking the short walk to their local police station?
have they opted for the exit option?
complaining is very different from being non supportive .
within our own family we can all show discontent with the way things are and complain about our family members.but the moment we step out of the door, the world sees us as an ideal family where everybody is always laughing and hugging each other.
can you not appreciate the openness with which aispa is operating?everybody is welcome ,say whatever you want,get it out of your system.
mr sahu has probably not read ashokji’s update where he clearly said the meeting with rbi has been postponed and a fresh date will be announced shortly.
A criminal case is also registered against SpeakAsia panelists in Chittagong in Bangladesh-soapbox.
speakasia has gone on record say that they have no operations in bangladesh.we have a very porous border with bangladesh .if people are hopping across the border and selling ezine pins unofficially then have done an illegal thing and their govt is free to screw them.
ashokji is giving one or two updates a week unless of course something pressing comes up.he has been traveling on some urgent panelist business.
above is a testimonial from aispa.
there are people being positive ,and there are people who feel complaining makes them feel better.aispa will comfort everybody notwithstanding their stance.
well there’s a prompt reply from ashokji!
That’s funny, two days ago you said
So which is it?
Not much point at this stage, everyone is in the same boat and knows full well panelists individual vendettas against the company comes second to criminal investigations. Might as well let the latter play out first before launching the former.
The exit option is useless at this stage. I can sign up for it and I’m not even a Speak Asia member. Until it is properly acted upon it’s as effective as opening your window and shouting ‘I want to exit Speak Asia!’ into the wind.
So what you’re saying is Speak Asia’s memberbase is completely disfunctional and full of shit? Rightio.
Let’s not pretend it was some bastion of unmoderated discussion now shall we. It was only in the last few days they stopped heavily moderating the site. And still things are only published in batches, meaning someone is approving content before it goes live.
AISPA is hardly a ‘say whatever you want’ platform.
Oh he most definitely read it, but like everybody else is wondering ‘why?/em>’.
Given AISPA and Speak Asia’s complete silence on the issue, instead of the usual ‘the RBI is wasting our time!’ attacks, one can only assume things didn’t go well.
I haven’t been following properly, but what’s all this crap about being officially registered in Bangaladesh then? I keep seeing this popping up on the various Speak Asia spamsites (Speak Asia mobi, Speak Asia hyderabad and to a lesser extent the Bhaskar etc.)
both things are true-
1]people are fighting for saol
2]people like to complain about the speed of things
hey!1.5 million people are not going to wake up happy everyday. we will have our share of complainers whether we like it or not.doesn’t worry us and you must quit worrying about it too.
where is speakasia silent on the issue of rbi? after the first meeting the company blogsite reported a positive meeting.
the second meeting got postponed because rbi needs time to study the papers saol submitted.aispa reported this the same day.
do people want saol to MAKE UP fictional meetings and report on them?
ashokji gets calls from the farthest corners of india with people wanting ‘hourly ‘updates.what can he do ?the thirst for information is unquenchable.people want more and more.
no they’re completely normal.if i ever saw a family that is PERFECT i would run a mile .that would be abnormal.
our moderators are a group of students ,housewives and professionals.they’ve never moderated before.took them some time to understand exactly what was reqd of them.it’s all right .we’re all learning together.
the talk that they are registered in bangladesh is a rumor and unsubstantiated.
why should i tell you?when it’s announced you’ll know won’t you?
Since the second meeting they have released no official statement addressing what happened or the outcome. Bahirwani’s vague ‘the meeting has been postponed, we’ll have a new date in a few days’ is the only thing mentioned about it.
Speak Asia haven’t said anything, nor did Bahirwani clarify the postponement.
Nobody said anything about perfect. But pretending publicly everything is ok when it’s not… that’s misleading.
Irrelevant. I was pointing out that AISPA only just recently started letting criticism through. Prior to that it was heavily moderated in favour of Speak Asia.
I pointed this out because you were claiming the opposite. Who is moderating AISPA is irrelevant.
Exhibit A: The controlled and selective revealing of information. The exact same type of info we get from AISPA I was referring to earlier.
well you know ,is the eow busy on all the sites telling people exactly what they have or are they selectively putting out info to shock and awe[the panelists]?
aispa and ashokji are both under legal advice, they are hardly going to put it all out there and keep our adversary well informed.
[But pretending publicly everything is ok when it’s not… that’s misleading.]
who’s misleading whom?all the sites are there on an open forum.anybody can go and see what’s going on.everybody is supportive of speakasia.on a bad day some people like to complain and then they get over it.
has the rbi circulated a note-minutes of our meeting with saol?
why should saol tell you in detail what happened?they gave their statement, dint they ,that it was positive.
only when the matter reaches it’s conclusion can they report in detail about it.for now it’s just paperwork marching up and down.
check this out-
The EOW (and RBI) aren’t hyping each meeting as a universal sign of absolute success. Everytime there’s a meeting you lot jump up and down with excitement believing unequivocally that a mere meeting is proof that Speak Asia’s business model is legitimate.
By being selective with what information they release (under legal advice or not), AISPA are misleading their panelists. One could even go so far as to say they’re manipulating them to whatever end.
I wasn’t aware you were the spokesperson for everybody. How’s that working out for you?
With Speak Asia calling them liars, I contacted MoneyLife for comment. Haven’t heard back from them.
Given Speak Asia seem to be caught lying about things every second day now… I’d be more than willing to give MoneyLife the benefit of the doubt.
All the signs of a cult:
“Behavior Control” — completely intolerance of dissent and criticism, and chastise members who dissent
“Information control” — only release information beneficial to SAOL’s side and spin or ignore the rest, only SAOL can release info on SAOL. Don’t trust the media.
“Thought control” — doubting SpeakAsia is traitorous thought and must be banned, no members should read any news, all news are critical of SAOL and must be ignored,
“Emotional control” — all fault must lie with the members or certain individuals, NEVER the leaders or the organization, use of fear and phobia (if you don’t support SAOL you will toil forever as a wage slave) to control its members
A lot of or I say Only SAOL is being Discussed here. No other article on this site is getting any response, just see the Comments section of all article.
Being a panelist of SAOL I believe in it and having faith on SAOL just because in past 6 months no one is able to provide any legal proof against SAOL which can be used against SAOL in court.
I just want to ask all,in this situation why should I give up my hope and why should I don’t Believe in SAOL. May I wait for the Court or Should I believe blindly on Media and all the negative Blog’s.
Why only verbal proof is against SAOL, not a single Legal proof to Stop This SAOL. I Think 6 months is not a short period.
What’s your source?
Speak Asia’s business model is all the proof anyone really needs. Not withstanding the fact that mathematically, Speak Asia will be required to prove they made 3.8 million USD per commissioned survey for a year straight in order to establish that they made more from selling surveys, then they did from membership fees.
We’re in this weird twilight zone between court cases at the moment. Since the last round of court appearances however, the EOW have claimed that Speak Asia have created over 800+ fraudulent accounts and don’t have any corporate clients.
They’ve based this on information gleaned from the confession of people they’ve arrested along with information found on their computers. No doubt this will all be presented during the next round of court cases.
Of course if you only read AISPA you’d probably know none of this.
In legal terms involving millions of stolen funds and 1.5/1.8/2.2 million people, three countries and CEO fugitives on the run… 6 months isn’t long at all.
Till Date if there’s any proof against SAOL then why RBI is doing meetings with a Fraud Company,are they going to give permission to start there payments coz meeting is going on for this only.
One agency saying enough proof of fraud and another agency saying lets meet to plan ur bank transaction process. Big Confusion, Whats going on.
My source is sufferer’s source. Not convinced by any source that’s why waiting for Court.
Partly because Speak Asia demanded it (they’re under the delusion that ‘nobody gets’ their business model, and also because Speak Asia are innocent until proven guilty in a court of law. This process is underway so until it’s concluded why wouldn’t the RBI meet with them.
It’s got nothing to do with panelists payments, regardless of what Speak Asia will tell you. Speak Asia asked for the meeting to show and explain to the RBI their business model. The RBI (and everybody else) already know Speak Asia’s business model.
Speak Asia are hoping that these meetings will result in the effective unfreezing of their bank accounts. At this point they’ll most likely siphon even more money out of India (instead of paying panelists when they had the chance). Simpyl put, they’ve done it before and they’ll do it again.
Needless to say no bank accounts are being unfrozen until Speak Asia is cleared in court. Speak Asia know this, but by having these meetings they appease their panelists because they think they are trying to get them paid, but the reality is they’re just wasting time.
Remember it was the CID that froze the accounts in the first place (or got the banks too, depending on who you ask). The CID are investigating criminal activity and know full well opening accounts leaves the door open to Kaur, Kumar, Pal and the rest of management shifting money around again to make it dissappear (as they did last time, instead of paying the panelists when they had the chance).
By all means read AISPA and Speak Asia’s official blog but don’t discount the EOW news reports or other information sources. Take them all in and look at the bigger picture here.
That’s pretty much what I’m doing. Confusion only enters the picture when you rely on grossly biased and selective sources.
Well, before they can pay anyone, Speak Asia have to change their business model, prove they made 3.8 million USD from selling surveys for a year, explain 800 fraudulent panelists accounts and answer the charge that they have no commissioned surveys by the guy they paid to make up the surveys for them.
As far as I know the court cases are all due this month (except for one November one that got rescheduled but I think that was the AISPA one, which is irrelevant and just a waste of time anyway). Should be a good show!
Till then, you’ll have to put up with Speak Asia’s supporters putting out as much confusion and misinformation out there as possible to keep panelists blindly following them and the company for as long as they can.
The amount of daily crap being put out by the various Speak Asia websites is unbelievable… the latest are a bunch of religious tinged articles designed to fuse religious beliefs with Speak Asia. As if the gods themselves have any bearing on establishing whether it’s a pyramid scheme or not.
Utter nonsense designed to appeal to the uneducated and easily led masses. But it gets them ranked on daily news for Speak Asia so they put out whatever shit they can.
Personally, I’d rather not waste everybody’s time and just stick to the facts.
saol wants to route money directly into the accounts of all exit option takers directly from singapore where it SEEMS they have a live banking channel now.for this they need the rbi to take back it’s cautionary letter so that banks will allow saol money through their channels.
they are not asking for the frozen bank accounts to be unfrozen.that will be done by the court after the eow lays a big fat egg in front of the judge.
the eow is CLEARLY lying when it’s claims that 25 year old kandor was entrusted with the job of making fake surveys.but that’s all right .the eow has the right to spread disinformation.
but if saol says it has a copy of dandona’s statement, of course they’re lying.
since the entire system is stacked blindly against saol we are not going to believe anybody but the court.it is all of you that have lost your rationale in just shouting down saol on every point.
(as they did last time, instead of paying the panelists when they had the chance).
i repeat saol could not have paid the panelists because they did not have a seamless banking channel at that point.
they did the next best thing and transferred the money out of india.
too much money lying frozen in an indian bank account would have raised the stakes too high.govt agencies would have worked ten times harder to bury saol.with saol buried all the money would end up in the coffers of the govt after powerful people took large chunks of it.
no money would ever be returned to any panelist.
saol has worked to protect the panelist money.if the rbi does not allow them to pay exit optioners directly from singapore, they will probably make a bank draft in singapore and deposit it with the supreme court.
I have never seen a company fight so hard to pay it’s subscribers.
again i repeat they can easily sacrifice tarak and co and holiday for the rest of their lives.
people like observer [moneylife]and soapbox find it hard to believe that somebody’s trying to be honest, so they INVENT a franchisee mastermind to build an excuse for why saols fighting.
grapevine story about one of the jailbirds:
the eow repeatedly showed complete SHOCK at how the panelists were standing firmly behind the company.they kept asking jokingly -what magic have you guys done? [kya jadoo kiya hai?]
chang should seriously think about giving up his amway career and becoming a shrink.
he would even be legal in andhra.
And how can they do that when the information submitted by the exit option form is unveriable nor checked for any accuracy?
I can make up any bullshit I want and enter it into the form. Worse still if I was a member of Speak Asia, what’s stopping me putting in the details of another panelist I know and hitting submit. All I need to know is their upline and account right?
Except that it was the CID who originally froze the accounts, and again after the rejection of an appeal that allowed Speak Asia to siphon over a million dollars out of India.
And what happened to Speak Asia’s previous banking channels, did they just dissappear?
What’s more probably, that the investigators are lying knowing full well they’ve got to go to court and prove it? Or that Speak Asia is just full of fraud, which begins with the fundamentally unsustainable business model they’ve got going.
And what, you think you’re going to see a dime if Speak Asia is ruled a pyramid scheme?
More hollow and unsubstantiated promises… there’s been a ton of them from Speak Asia since all this started.
Except that’s not what they’re doing. They’re (and always have been) just protecting the financial interests of management. It’s the sole reason Speak Asia’s money and management have been hiding out overseas.
Really, who’s left in India? Hoardes of sucker panelists sucked into believing this is going to end well for them. Managemetn know full well the longer this goes on the harder it is to apprehend them if things go ultimately sour.
You cannot be honest when you start a business that is a straight up pyramid scheme, as simple as they come.
Please. This kind of crap may appeal to villagers but let’s not insult the intelligence of everybody reading this. Keep the stupid Indian fables garbage out of the discussion hey.
The enthusiasm and commitment level to counter ponzi schemes on this blog is unbeleivable. If this forum has so much info about various schemes, our government machinery should do better in dealing with them and more important prevent it.
But my suggestions is, instead of taking one-on-one in argument, why doesnt this community do a la anna hazare, to have effective cyberlaws in this country to prevent the common man from being duped.
the ip address was traced to mumbai itself.
probably some student trying to show off his IT skills.
aispa is considering a police complaint ,but the general mood is forgiving.
Quote from Corporate Frauds Watch dated October 08, 2011
Primarily because we’re not all in India.
One can hope however that if Speak Asia is ruled illegal, due to the amount of people involved and the obvious complexity surrounding the management structure and ultimate ownership of the company, that the Indian government strengthens the relevant laws in this regard.
Of course it was, hackers aren’t stupid.
what’s the connect between education and religion?do they automatically negate each other?that may be your opinion but how can you thrust it on indians who like to live with large doses of religion-thank you.
we’re not going to ‘ go changing,trying to please you.we love us just the way we are’
logic time.with the rbi’s cautionary letter hanging like a dagger no bank will touch saol money.
as for the exit option i’m sure saol has worked out the logistics.it’s their job ,they’ll do it .we shouldn’t spend so much time fretting over how someone else will do their task.
WHAT THEN!is the andhra case over then?shit!we missed it.when was the chargesheet filed?what was the charge?SHIT!we missed it!
i’m SO standing by my lovely little fable.it comes straight from dipankar sarkar . i believe it.i’m not a villager ,even if i was i would be a proud indian villager, and NO i wouldn’t stand for your insults.
why is nobody asking how saol has a live bank account in singapore?
isn’t it important ,as in, first their account in singapore was closed ,and now they have been allowed to open an account.
says something now ,doesn’t it?
That’s generally the gist of it. Oh and negation just also happens to be the main connection between participating in pyramid schemes and education too.
No worries, spokesperson for 1.1 billion Indians (and I thought you speaking for all Speak Asia members was bad).
And that’s not going to change until the criminal investigations and court hearins are resolved. Regardless of your silly meetings with the RBI.
Damn well we should. What idiots launch an exit option that is utterly useless without a backend?
They’re going to have to launch a completely new one if they’re ever serious about paying anyone… which they’re not so it’s a moot point.
Because it’s something random you just decided to pull out of your arse? Or do you have cited proof of your claim?
visited your BFF’s site money life today.it seems they’ve pulled their ‘report’ about how speakasia advisor finally admits saol was running a ponzi scheme.
have you heard back from them?i’m sure they would fall all over themselves to reply to your mail considering you think they are ‘his masters voice’ and are their biggest fan.
i reiterate saol has a copy of the signed statement of dandona[a consultant of kritang management ,the central franchisee of saol ,and not saol itself].they cannot show the copy because the matter is subjudice.
What are you talking about, it’s still there – http://www.moneylife.in/article/speak-asia-advisor-finally-confesses-the-company-was-running-a-ponzi-scheme/20369.html (article formatting is a bit screwy, you have to scroll down).
Your tone and all this talk of ‘masters’ and ‘BFF’s’ really makes you sound quite childish. And no, I didn’t hear back from them.
So they say, and we know how trustworthy Speak Asia are.
oops!and i thought today would be a good day.never mind.good news is just around the corner.
soapbox not everybody is as old and growly like you.
Science (and education) is often at odds with religion. Copernicus is a great example. How about an article by none other than Albert Einstein?
As long as you don’t use religion to justify fraud you can do as much religion as you wish.
Without corroborating evidence it’s about as valid and useful as an opinion, and you know the saying… opinions are like ***holes… everybody’s got one. It’s the evidence and logic behind opinions that makes them theories and hypotheses.
check this out.
things are beginning to move.summons have been issued.
also people ,the air is hot and heavy with anticipation,i shall visit you later with CONFIRMED news[wont make the same mistake twice in one day].
from shrink to philosopher; whats with chang and his amazing versatility?
What is your reaction to jutamaro’s comment dated October 09, 2011?
his username(juta maro) says it all..in other words it means (throw shoes at me)…the person whose username is like that, what else can u expect from him..expect worse than this
dear observer,does a nuisance maker like jutamaro really deserve an audience or a reaction?
what are his sources?he can say anything cant he?at least i am in close contact with aispa, so i have a reliable source of info.
what we know of the rbi proceedings is completely diverse from jutamaro’s sad ,attention seeking lies.
but poor child ,let him keep hitting himself with his own shoes.he knows what he deserves and that’s always a good sign.
Regarding the defamation case – You do know that a defamation case is not going to get off the ground or be heard whilst there’s a pending criminal investigation into the company right?
Primary defense against a defamation case is going to be ‘the EOW have on multiple occasions now accused them of fraud’. Remember, you need a decent reputation to claim defamation and if government agencies are accusing of fraud, until a court states otherwise and clears you, claiming defamation is fruitless.
dont worry ,the criminal investigation will be dead and buried long before the defamation case gets a date in court.
saol is sure it will have a white as a lily reputation by then.
did you read ashokji’s update?his hands are tied ,he can’t say much, but he’s giving broad hint’s.
If you’re talking about the 10/10 update, yeah I read it and it’s just more typical bullshit positivism with little substance.
Whatever it is you lot are keeping from everyone, it better be more significant than ‘blah blah got bail – OMG SEE SPEAK ASIA IS TOTALLY LEGITIMATE!’ nonsense this time.
With the kind of comments Anju has been posting in support of SpeakAsia, it clearly seems the MLM people like every other company when caught use their senior people (here panelist) to keep postive news afloat.
Its not new, there will be panelist who made lakhs or crores and they will keep giving positive news, like the fake news posted by Ashok Bahirwani that SpeakAsia has said that Ashok Dandona has not given any such statement and they have his statement copy.
I posted this on speakasiaonline.mobi that in the history of criminal investigation this is the first time that statement of a accused has been given to speakasia first before taking the accuse Dandona to court.
As per Ashok Bahirwani and these positive false news spreading panelist it seems EOW reports to SpeakAsia runaway officials like Haram Khor and Manoj Kumar etc….
By the way these positive panelist dont even know the real reason for 115 panelist going to Supreme Court, jutamaro is one of them.
They actually have gone to Supreme Court with a claim that they only want their money refunded they dont want to work with SpeakAsia and neither are interested in their bluffs anymore, that is why Supreme Court sent notices to SpeakAsia also, along with the govt agencies.
Tarak Bajpai, who these panelist were calling Tiger (SpeakAsia ka Sher) has turned out to be a pussy cat. Taking medical bail and living in A/c Hospital room and keeping himself unfit so that other state police dont arrest him.
Here is a Tiger which MEOWS….
you choose to take a negative view of the situation-that’s entirely your business.
ashokji,aispa anju etc choose to take a positive view -that’s entirely our business.
you have every right to your opinions insofar you do not question my right to have mine.
hello!saol got a copy of dandona’s statement after he was brought to court and sent to police remand.whoever told you the eow gave them a copy BEFORE appearing in court[according to you ,are saol and the eow BEST FRIENDS?].
we all know the case in the supreme court.we’re not brain dead.the panelists are asking the court to force saol to pay.
well we hope this goes in y/our favor because that’s what everybody wants.let saol PAY.
see ,sometimes unknowingly you find we’re all on the same side.
the only difference is some people like to cry and complain and some people get up and try to get things moving.
i really can’t say this enough, but i will personally be relieved to see the last of people like jutamaro.
and being a personal friend of his, could you advice him ,to not continuously insult himself with that ridiculous name?
may his tribe decrease.
There’s a huge difference in wanting the abolishment of a pyramid scheme and monies recovered from its operators, and wanting a pyramid scheme to start up operations again despite the inevitable mathematical collapse later down the track.
i remember soapbox saying once with rare humility-
i am not the rbi.
i’m sure he will likewise agree he is not the judiciary too.
hence his above post is unfounded and biased,resting as it is, on his PERSONAL opinion.
we say saol is NOT a pyramid scheme and hence we are trying to save it.
the rbi and the courts are smarter than either of us,and will tell us the truth soon, so don’t hang any tags on us till then.
all the deserters will be scrambling to come back, and guess what -we will welcome them.
Unfortunately, his opinion is backed up by a ton of fact, including investigation by COD, EOW, and the business model published by SpeakAsia.
Your opinion, on the other hand, is hung on nothing but faith. Behavior of SAOL management since have only supported that conclusion. In fact, I thought Bahirwani wants refund, not restarting of operation? Just which side ARE you arguing for? Since I see four sides now:
1) SAOL should be banned, and all assets confiscated to refund all the “panelists”
2) SAOL should be forced to repay panelists through AISPA
3) SAOL should be forced to repay panelists, but NOT through AISPA or any other “panlist organization”
4) SAOL is completely innocent! Leave them alone!
Anju is flickering between 2) and 4). Can’t tell which side Anju is on any more.
Biased against what? The facts as they stand before us?
And what do you think the court is going to do, conclude that 2+2=5?
One of us is basing our conclusions on fact, the other blind faith and cult like rhetoric. Who would you bet on?
I’d bet on the courts… and meanwhile back in reality, far far away from the euphoric dreamlike state of AISPA and its supporters,
I sincerely hope the (false) assumption that these guys were going to get bail and Speak Asia squash the CID’s criminal investigation into the company wasn’t the good news for Speak Asia you lot have been crowing about over the past few days.
No doubt Bahirwani is rushing to update us all on how he has signed sworn statements from the court which prove everyone got bail and judge Govindarajulu awarded Speak Asia the ‘smiles and rainbows’ award congratulating them on their good humanitarian work, before ordering the entire court in session to sign up to the company as paid members.
Rajiv Melhotra i think is either accountant or franchisee.
Anyways now the four employees will be arrested again and Tarak Bajpai might undergo another operation and will remain in Hospital.
I hope someone files a case against Ashok Bahirwani and AISPA soon and it will surely happen soon.
why are you confused chang?here let me clarify:
1]aispa wants immediate payment for panelists who have opted for the exit option.
2]aispa wants investigations to be completed in a time frame as fixed by the court.
3]aispa wants the rbi to meet saol[achieved].
4]in the instance of a green signal given by either the court or the rbi ,aispa wants saol operations to restart immediately so that panelists can continue to enjoy the income as before.
as i see it, you all are with us till point number three and then you go offtrack, because you are completely convinced that saol will not get a green signal.
our belief on saol is based not only on faith ,but on concrete info we have, but refuse to share at this point.
also please know ,that no court will ever give permission to a panelist body like aispa to disburse funds, and neither will aispa ever assume such a responsibility.either the court or the company itself can disburse the money due to the panelist.
samir ,on what basis can aispa and ashokji be blamed?for filing a pil in court demanding immediate payment for panelists?for supporting saol?do you think india is a police state?
samir unbridled hate is not a good thing ,it will eat into your soul. besides ,i would love to hear from you when saol is back,i hope you wont disappear into the safety of the rafters then.
if an anticipatory bail plea has been overturned it is not the end of the world.they will get bail after the completion of PC[police custody}.they have already spent one and a half months in jail ,a couple of weeks more will hardly break their spirit.they are not weaklings,they are gung ho and completely confident.
Smoke and mirrors, smoke and mirrors. Nothing more.
We’ve seen this behaviour before with Speak Asia… who could forget the ‘we can’t divulge our survey clients due to our competitors‘ lies?
Based on all the evidence available, that is indeed my conclusion. I am surprised you were able to reach some other conclusion, but then you explained it:
It’ll have to be shared with the court, but it’d have to be pretty ****ing convincing and contradicts all the existing info EOW / CID / news reports have revealed thus far.
However, the fact that you continue to claim there is such info to exonerate SAOL yet none had been revealed thus far (to RBI, EOW, CID, or such, at least none that had reached the news organizations) would suggest that such info doesn’t really exist, or was simply implied so by your upline.
Such info control is yet another cult behavior.