Why the Lahoti led Speak Asia committee is useless
Today saw the continuation of a civil proceeding by panelists of Speak Asia who seem to be led by a one Mr. Solomon James.
As per all the civil action launched by panelists, the writ petition today boils down to the simple question ‘why haven’t we been paid, where is our money?’
Following the Supreme Court hearing today, from what I can gather a committee is to be put together either before or on the next hearing date for this case, which is next Monday on the 21st November.
This committee is to bed led by retired Justice Ramesh Lahoti and I believe will act as a mediator between Speak Asia and panelists who are owed money by the company.
Unfortunately for all involved, Lahoti’s committee is going to be completely and utterly useless.
Here’s why.
There are two primary points as to why any such committee is a waste of time with the first being that, even if a committee is formed to mediate between panelists and Speak Asia, there is still the issue of banking channels needing to be put in place to facilitate payouts.
I’ve been banging this drum for a while now, but I’ll reiterate once again that no bank in India is going to do business with Speak Asia whilst there are criminal investigations and court cases pending against the company.
You can set up 100 committees led by whoever you want to act as mediators but still no bank is going to take on the liability of transferring funds from a company under criminal investigation.
The second point that renders any such committee is found within the mechanics of the committee itself.
To get an exact understanding of what the establishment of the Lahoti committee will mean for panelists, I now turn you to a video published by Aneesh Sharma
Sharma appears to be a lawyer involved in the Solomon James writ heard today (note that the bulk of the video is in Hindi, the relevant part in English is quoted below).
In the video, an associate of Sharma at 3:15 into this video explains at that
once the composition of the committee is finalised, all payments, all Speak Asia panelists who have claims against Speak Asia can make a representation at that committee.
Either by pleading themselves as a party in this case or (something something) application to this case.
Well that certainly sounds like we’re getting the ball rolling on panelist payments right?
Wrong.
The massive problem here is that Speak Asia has 1.2 million members. If each of these members spent just 2 minutes representing themselves infront of the committee, working 24/7 around the clock it would take Lahoti’s committee 4.5 years to get through every panelist.
5 minutes? Almost 11 and a half years!
Remember, that’s working 24/7 around the clock with no breaks! I think we all know that’s not going to happen.
And even if people are able to submit written claims to the committee, that’s still an absolute gargantuan amount of man hours required to sift through the requests and process them.
The idea behind the Lahoti committee, or any other such committee is ridiculous. At the end of the day the criminal investigations are going to trump any civil proceedings demanding money from the company (yes, even the AISPA case).
Speak Asia’s panelists getting paid depends entirely on the outcome of the criminal cases, and it’s going to go either one of two ways.
Either Speak Asia will be found not guilty of criminal conduct and permitted to restart operations, meaning panelists will get paid as banks will take the ruling as proof they shoulder no criminal liability for doing business with Speak Asia.
Or Speak Asia will be found guilty of criminal conduct and the entire operation will disappear overnight and cease to exist.
Millions of dollars has already been transferred out of India, no company official is showing up to any court hearing, Speak Asia’s CEO’s have been hiding overseas for months and local management is now also in hiding.
Essentially the entire Speak Asia operation is poised to dissolve without a trace at the slightest hint of things turning sour (I hope Phoenix Law were paid upfront!).
Much has also been made of the CID, EOW and RBI failing to turn up to these civil proceedings but honestly, can you blame them for not wasting their time?
They know as well as anybody that these civil suits against Speak Asia are just a giant waste of time that will ultimately amount to nothing until the criminal proceedings are settled. It’s just common sense people.
The EOW, CID and RBI have lawyers advising them of their own… and quite clearly it’s not in their best interests to rock up and waste time indulging panelists demanding the impossible.
Again, nobody is getting paid until the criminal proceedings are over.
Looking forward said criminal proceedings are next in court this Wednesday on the 16th November – and that will be the case to watch.
There is an AISPA hearing on the same day but like today’s hearing, this is a civil one and will most likely simply be delayed until a later date (or they’ll form a committee as useless as the Lahoti one put in motion today).
If the EOW, CID and RBI don’t rock up to Wednesday’s criminal hearing – then and only then do we know we’ve got problems. Till then, stay tuned.
Footnote: Whilst I appreciate that Speak Asia’s activities mostly affect Indians in India, please respect that this is an English blog. Comments not in English will not be published.
Dear Sir,
Nice analysis !! But seems u are challenging H’able Supreme Court’s Justices and their Intelligence. And even forget the rule of LAW, “BASIC RIGHTS OF INDIAN CITIZEN” to earn and be paid for.
I will clear with the example…
a) SATYAM — There is a criminal proceeding against? but are the employee of SATYAM not been paid?
b) SAHARA INDIA — also under criminal proceeding… and many more …
@Vinay
I’m not challenging anything, merely suggesting that the committee is a waste of time. Whether I state it or the Supreme Court itself comes to realise this is irrelevant, so long as somebody points this out to them.
This doesn’t apply to pyramid schemes. It’s most certainly not the basic right of Indian citizens to participate in companies engaged in fraud and be paid for it.
As for Satyam and Sahara India, I’m unfamiliar with both those cases. Do either involve Indian based bank accounts?
Oz, thanks for the logical clarification. ED has stated that they will come with their “water tight” case against Speak Asia in December.
Seems like this will drag on into early next year after the winter break. AISPA, United Speak Asia and their supporting panelists can now chill out through the winter without getting a paisa in their pocket.
Lahoti committee need not go through representations of panelists demanding the money back. The details are available with Haram Khor in their website along with bank account details. So all that the ED/EoW is to do is issue Interpol notice and arrest this dame and bring her to India.
Our notorious police will “help” her sing like a canary to whatever tune is demanded including providing for the Rs2500 crores needed to pay panelists their accumulated reward points and some more in the form of 11k each to panelists who want to leave the company.
@jutamaro
It was the EOW who mentioned the watertight case and that was solely in regards to the criminal proceedings. They know the civil suits are a waste of time so there’s no point submitting anything or even rocking up (why give Speak Asia a possible heads up on the criminal investigation against it?).
For now yes, I can imagine this dragging into next year as even if the Lahoti committee starts accepting panelist submissions (which of course they can’t do anything about anyway), there’s a hell of a lot of panelists to get through.
If it is going to happen, it won’t I believe until Speak Asia are formally charged with something in court. Hopefully that happens on Wednesday at the criminal proceeding. I’d be extremely surprised if the EOW, CID and RBI don’t rock up that hearing as that’s the important one.
@Oz
why you always mention that eow, roc and rbi not wasting their time for to give their appearence in the court? if they have some solid proof against the company then why don’t they?
you said that they have their own lawyer to suggest them what to do and when to do……………but i would like to clarify that none of above department is too small that they don’t have sufficient ammount of employee to handle this situation…………
and one more thing to be pointed out that no one can ignore the order from supreme court…..either it for criminal case or pil………….i said this as per my experience for different court .
more on next comment……
Because its a civil proceeding and complete waste of time. The criminal proceeding is what’s important to them and regardless of any committees set up no bank in India is going to touch Speak Asia until they are clear of all criminal investigations.
The RBI, CID and EOW have no reason to front to court and participate in civil proceedings.
There’s nothing to handle, it’s simply a waste of time to attend civil hearings when the criminal one overrides them all.
Yet here we are… with the EOD, CID and RBI all ignoring the civil cases panelists have launched because they don’t matter until the criminal proceedings are sorted out.
I had this feeling that nothing was going to happen on 14th. My upline had called me up and told me: ‘Today is the day. Either Speak Asia wins or loses.’ I told him that neither would happen and that there will be more dates.
Later at night, I called him up and we had a good laugh. My upline firmly believed that Speak Asia would come back strong but he was not the kind to argue with anyone. After yesterday’s hearing, he said that he had lost all hope.
@s dhar
if you are loosing your hope than why are you discussing here?
I will be the judge of that.
Besides, there’s no rule that says that I can’t post my feelings about Speak Asia here on this blog.
Meanwhile I’m not seeing anything about the two cases supposedly on today. There doesn’t appear to be any further information on either AISPA’s hearing or the criminal one.
Suspiciously the usual Speak Asia cheerleading sites are silent on these two cases… so are AISPA.
I saw this link, http://www.livemint.com/2011/11/15235627/Speak-Asia-biggest-multilevel.html
as per it, Speakasia has to pay out around 30,000 crore to panelist based on reward points.
Now everyone associated with the company is either in Jail.. or absconding… now even videos aren’t released… so how will the payment start??
Next Monday the Lahoti Committee is going to mediate between Speak Asia and the panelists who filed against them.
This mediation will hit a brick wall because the criminal investigations/hearings aren’t finished yet.
So in other words, 30,000 crore or not it’s a waste of time for now.
MoneyLife also had an article up yesterday;
Not sure why it’s not being indexed by Google.
Speak Asians want money not compromise. Therefore I don’t think this mediation will work. Besides, even if AISPA manage to pacify the other party, criminal investigations will still continue against Speak Asia. So it is back to square 1.
my dear soap,,AISPA PIL in Mumbai High Court has been widrawn in lieu of the appointment of the mediator Hon. Justice Mr. R.C Lahoti.
Thanks for clearing that up yish.
Any word on the criminal hearing or what happened to it?
@S Dhar
Going on yish’s information above, are AISPA even an official party to the mediation process if they’ve withdrawn their own action? I beleve the committee involves the group of panelists (who are acting independently of Speak Asia?), Lahoti and Speak Asia is it not?
@Oz
Speaking about Speak Asia, Mr Rajvardhan said that the company had accumulated around Rs2,300 crore between February 2008 to 2011; and if the reward points collected in the ‘e-wallets’ of the panellists is considered, the total amount goes to almost Rs30,000 crore.
EOW had earlier revealed about existence of 850 fake IDs. This new shocking revealation of abnormally large sum of Rs 30,000 crore worth accumulated reward points hints at the existence of fake reward points which might have been regularly credited on daily basis to fake and other IDs controlled by the SAOL mastermind and his associates.
These fake reward points could be routinely used to generate subscription codes for recruiting new panelists with unaccounted cash payments collected from them. A huge number of such fake panelists will qualify for the Exit option, leaving the genuine panelists stranded with nominal or nil payments.
What I find hugely ironic, is that we’re talking about cash payouts… when Speak Asia submitted their fake business model that suggested members were going to buy products etc.
Offering members a cash payout only further proves they simply paid commissions out in cash based on the recruitment efforts of their members.
From what I understand, the company simply doesn’t have 30,000 cr to payout, fake ID’s or not. This despite claims that they have the money ready and waiting to be paid out numerous times.
PS. Still no word on the criminal hearing that was supposed to happen today. I can’t seem to find it on the Bombay High Court listings so I’m not even sure it happened. There’s been no word on the criminal hearing as of yet anywhere.
The Criminal PIL at Mumbai High Court filed by AISPA listed for hearing on November 16, 2011 seems to have been withdrawn by smart arse, Ashok Bharwani.
Though he states that it was withdrawn as the Supreme Court had set up the “Langotia” committee, after Solomon James & Others (United Speak Asia) case, but the real reason is that Ashok Bharwani knows that by getting on with the Criminal PIL would be like putting his backside in the jaws of a crocodile what with the EoW, ED, MCA, RBI getting ready with their joint watertight case to seal Speak Asia’s mouth once and for all.
All the playacting of Ashok has come to naught while Solomon James has been successful to get the Langotia committee at least as a face saving formula for his panelists. All Ashok’s effort and lies have gone in vain.
That the Langotia committee is not going to make much progress as the big question is of Rs3000 crores not being available to pay the accumulated RPs of panelists, is another matter, but the brainwashed speakasia panelists have something to rejoice about and keep pushing their demented posts/interpretations at their blogs.
Now lets wait for the next episode of Langotia TV serial on Nov 21, which will, of course, not be attended by the enforcement directorates.
@soap Pl let me know the case number of the Criminal PIL and AISPA PIL in the Mumbai High Court.
I might be showing my ignorance here but I didn’t think AISPA or any civil party were able to launch criminal proceedings.
As I understood it there were two matter to be held on Wednesday 16th. The first was AISPA’s civil PIL, which as we know has been withdrawn and then there was a criminal matter.
The AISPA PIL was rendered useless as collectively all the panelist claims amount to the same thing ‘give us money’. The forming of a committee addresses all these demands but is still useless as we all know if the banks don’t play ball nothing will happen.
The mediator will listen to how much Speak Asia wants to pay people (knowing full well they can’t) and the demands from the panelists, dumbfounded at losing money after participating in an obvious pyramid scheme.
And then?
Back to square 1 waiting for the criminal proceedings to conclude.
The AISPA PIL is number 51 for 2011 (51/2011?) and the withdrawal was on the 16th.
Meanwhile I’ve searched high and low for this criminal hearing that was supposed to take place and can’t see it anywhere.
Bahirwani mentioned it seperately to the AISPA PIL so I can only assume it was different to the AISPA PIL, unless I’m not understanding things correctly.
The criminal hearing was highly publicised before the 16th, but as far as I can tell nobody (not even the Speak Asia fan blogs) have addressed it or explained what happened since the 16th.
They’re all too busy going on about ‘Golden Monday’ next week and what a great job AISPA did withdrawing its own PIL and the few times I’ve seen the question raised about the criminal hearing it’s gone unanswered.
EoW owns the server of Speak Asia Online, they have activated that for two days in order to retrieve the information of all panelists, total liabilities (pay outs to give) in three modes Exit Option (whoever wants to Exit from the business), for New Panelists (whoever haven’t got their payout even for a single time & have Reward Points in their ID’s), for old Panelists (who have Reward Points in their ID’s).
Now, the point to discuss is EoW is asking the company to give all the pending payouts i.e. all accumulated Reward Points in the ID’s. As per their calculation it is coming around 30,000 Crores of INR. EoW will ask the Supreme Court / the newly organized committee to first ask Speak Asia Online to finish the pending dues & then let them talk about Business Re-start for which they can fight in the higher court. If Supreme Court is allowing them, later – let them start the business after giving all pending payouts.
EoW’s claim is if Speak Asia is not doing any Money Circulation means it has to give all the pending payouts / pending dues and later on remaining things like re-starting of business can be taken into consideration after all investigations by ED, Income Tax Dept., SFIO, etc., all of them will be getting finished only in the end of December. Later, they will file the report to MCA, Court & Govt.
Now the big 1000 dollar question is:
Is Speak Asia having 30,000 Crores of INR with them to pay to its Panelists?
Next Question is..
If they are not having enough money with them to pay, what will happen next?
Straight forward Answer is Company Organizer has to be arrested in cheating case.
Am I right?
Even if they pay all money and come back for re-starting the business, as they did till date i.e. putting their own money as Investment into the business..,
Can they re-start the business again?
No way – Big corporates in India, Big Retail Giants with the help of Paid Indian Politicians, Paid Bureaucrats, Paid Media Personals (all Print, TV & Digital Online Medias), few Paid NGO’s, won’t leave SpeakAsia to run the business. Because, they know it’ll break the record & soon will reach extra-ordinary heights once they come back!
Will become Retail Giants and masters of Unique Marketing Strategy with Synergic Innovative Ideas which uses the collective bargaining power of millions of online consumers to “get unprecedented price advantages” in purchasing goods and services.
As we already know that India has lost its sheen of being the destination for entrepreneurship and growth because of the culture of corruption and everyone knows that availability of bribes can also induce officials to contrive new rules and delays. Which will happen so often in mostly polluted, mostly corrupted Indian nation. India is the land of Corrupt Legislation, Fraud, Money Power, Political Power, Bribe, etc., etc.,
If we talk about corruption in INDIA we can see..
Corruption in elections and in legislative bodies which reduces accountability and distorts representation in policymaking; corruption in the judiciary compromises the rule of law; and corruption in public administration results in the inefficient provision of services. It violates a basic principle of republicanism regarding the centrality of civic virtue.
More generally, corruption erodes the institutional capacity of government as procedures are disregarded, resources are siphoned off, and public offices are bought and sold. At the same time, corruption undermines the legitimacy of government and such democratic values as trust and tolerance.
Can anyone save this biggest democracy of the World?
The website doesn’t need to be activated to access this. It’s all stored in a database which can be accessed from a backend.
Opening up a website does just that, opens it up to the public, it’s got nothing to do with the admin backend which the EOW supposedly have access to (but this hasn’t been confirmed).
Uh.. no they won’t. The EOW haven’t spent the last 6 months investigating Speak Asia to focus on restarting the business, they’ve been investigating the company for criminal activity and fraud.
Once again, none of the agencies investigating Speak Asia give a crap about panelist payouts, it’s not a priority. The priority is prosecuting Speak Asia for running a scam and engaging in fraudulent activity between May 2010 and May 2011.
The EOW (and CID, RBI etc etc.) most likely won’t even show up on Monday as it’s got nothing to do with criminal investigations or proceedings they are involved in.
Nope. They’re conveniently hiding overseas and have been since the criminal investigations were launched.
This is a fact largely glossed over by panelists who should be demanding the company head’s return to India and properly represent the company instead of hiding behind anonymous Blogspot blogs and cheesy Youtube videos.
No, because it’s a fraud. Paying members for each new recruit they bring into the company with new member’s membership fees is not a viable business model.
Meanwhile none of these have anything to do with pyramid schemes… a convenient false scapegoat perhaps but Speak Asia’s actions between May 2010-2011 were their doing. It’s got nothing to do with Star News, big corporates yada yada yada. They didn’t make Speak Asia do anything, nor design their business model.
As for the rest of your rant, yawn.
You can drum up giant conspiracy theories or you can accept that no matter what their future plans might or might not have been, Speak Asia engaged in fraudulent activity with an illegal business model for 12 months.
Nobody made them do it and there’s nobody else to blame for their downfall but themselves. Commit crime and you get caught, simple.
Speak Asia’s management deserve wholly to be nailed for it.
@ site owner — where is the criminal investigation against the company? tell me the case no. & status of the case? Don’t show me FIR quashed cases, disposed cases, dismissed cases, etc
Which Criminal case you are talking about?
I can’t understand..! There’s no live case apart from these following cases against Speak Asia,
Initially Tarak & others were arrested based on the complaint given by a panelist named Navneeth Khosla for not paying back money, i.e. Navneet Khosla’s case, that case was disposed later.
Then, they do have a criminal case in Hyderbad Court (Vijayawada CID) even that case also FIR Quashed, another Criminal Case against Speak Asia Online by Maharashtra Govt. which is also FIR Quashed, a useless case, the PIL of AISPA already take back by AISPA, it’s disposed, through Solomon James PIL case all cases has been clumped together which is live case and through which committee has been formed..
Do you know Indian Law?
When highest court of the land (Supreme Court) on request of parties appoints Mediator to settle the dispute amicably in the chamber infront of Mediator Retd. Chief Justice of India Mr. R. S. Lahoti. All cases between the parties on same issue in Subordinate courts shall stop, withdrawn / dismissed in view of the appointment of Mediator by Supreme Court.
That’s why all cases FIR quashed, disposed, dismissed or taken back. Also everyone released in anticipatory bail. Now there’s no pending case (civil & criminal) against Speak Asia in any court in India, Now everything depends on the committee headed by the Hon’able Retired Chief Justice Lahoti & the final decision has to come from him..!
No matter when it’ll come???
My point is they have to announce the judgement, whatever the judgement is – everyone has to accept, say for e.g., as you are saying Speak Asia is a fraud company, they did crime.., like that they have to announce it soon, if they are not doing that something is wrong with the system i say..!
In his 9th November update, AISPA’s Bahirwani clearly mentioned two PILs, a criminal one and AISPA’s one.
What happened to the criminal PIL??
There are still criminal investigations open by the EOW, CID and TD on Speak Asia – till they are concluded no bank will touch the company so the outcome is rather pointless.
I agree, I know the TD are waiting on a report due in December – same with the MCA I believe. Perhaps the EOW are waiting on this as well before filing anything.
In any case just yesterday the head of the Mumbai EOW, stated that ‘Speak Asia is the biggest multi-level marketing fraud which is being investigated by EOW.‘
Sounds to me like the investigation is still going.
I wonder if perhaps everything will be filed by the various authorities investigating the company as one. This makes sense rather than multiple cases and with all the agencies working together and sharing information presents a much stronger case.
In any case panelists, spectators (such as myself) and the Lahoti Committee are going to be stuck waiting till this SFIO report is finalised in December sometime.
Bahirwani has given an update on the criminal PIL;
Meanwhile the ‘Golden Monday’ looks set not to happen as confirmation wasn’t received by the parties involved as of Friday (I’m hearing it’s now the 28th November?). More delays, but hopefully the criminal PIL on the 23rd might be of interest.
Bahirwani also mentions something peculiar about some guy, Prerak Singh.
I’ve got no idea what he’s talking about or what was misrepresented. In any case Bahirwani is using whatever was said by Singh to advise panelists to
I wonder what it was Singh said.
edit: I think it was originally published on Facebook. Seems to have been censored now I think. Someone called Rohan Arora seems to also be involved.
Sounds like another case of “unless you spin things my way I refuse to talk to you”. Could it be that Bahirwani just don’t like the way some people are interpreting his statements?
Could also be something to do with this Aneesh Sharma rival advocate who has popped up over the last week or so.
By not talking over the phone anymore Bahirwani is tightening his grip on AISPA’s Speak Asia advocate monopoly that’s been going on for months.
Claiming every Speak Asia member is automatically a member of the association doesn’t work in the face of competition, so instead you clamp down on the flow of information and discredit your competition in every update you put out.
I hope AISPA don’t plan on representing panelists at this mediation if they’re not taking phonecalls from panelists with enquiries about Speak Asia.
You don’t worry Oz,
Speak Asia will not come back at any cost, they are not going to give money to its panelists at any cost, it will not happen also, you can feel free & continue writing about speakasia has cheated the public & ran away already, everyone’s money gone..
all the cases against speakasia will get finish only in the month of february or march as per todays’ scenario, so you can feel free and breathe freely..
even after finishing the case – money will not come back to its panelists, i am sure on that, even though many of my friends involved with this speakasia which i don’t like it (even in my office), i am also a spectator like you who don’t like this company to come again and do its business in india, why because.. what they did is pure cheating or fraud in india,
i will accept your words, you are brilliant in all your articles whatever you have written about speakasia, i think you have written so many articles about speakasia and also i think more number of articles you have written in your behind mlm is only about speakasia and also more number of comments you have received only for those articles, that’s great, i welcome you for that, your comments on this..
By the way.. from which country / part of the world you are from? and i think you are writing all these reviews about mlm companies for helping people, i.e, in identifying fraud companies like this.. am i right? from where you are getting revenues? how come freely you are doing this work?
just explain to all of these people who reads your great articles in your great website.. how you got interest to write about this company called speakasia apart from many companies in india doing this fraud business?
any have you did a great job in stopping the companys’ activities totally now forever, now its very difficult and also impossible for them to come back, that’s for sure, may god gives you more power to stop many fraud companies like this in india!
With Regards,
Ritesh
@Ritesh
You will find most of the information in “About” in the upper right corner. Exposing scams isn’t a main purpose, it’s just some ‘follow-ups’ of companies already reviewed.
Oz, you were right as there was a criminal PIL date on November 16 which AISPA now admits has been postponed by another week. However, I have not yet been able to find out the Case Number of the same.
A speakasia panelist, Mr. Navneet Khosla had filed an FIR on July 28, 2011 at Bandra East Police Station which then came in Mumbai High Court as a criminal PIL against the government of Maharashtra that the petitioner wanted to know of the preparedness of the authorities in preventing internet fraud and cyber crime. The petitioner had quoted Speak Asia (SAOL) as an example.
The Mumbai High Court asked the EoW to submit a report on the preparedness of the police in preventing cyber crime or internet fraud. The EoW targeted SAOL and for that reason on the night of July 28th itself arrested Tarak Bajpai, COO of speakasia from his residence in Indore.
The EoW then went on to charge Tarak along with Rajeev Mehrotra and Ravi Khanna of M/s Tulsiyant Tech, Dipankar Sarkar from Raipur, and Rayees of Tech Team SAOL. All those arrested by EoW were charged under IPC section 406 (criminal breach of trust), section 420 (cheating), and under various sections of the Prize Chit and Money Circulation Banning Act.
Though the arrested have been released on bail, the investigation continues and the High Court had fixed October 27, 2011 for EoW to file the charge sheet. After that the first hearing was on November 16, 2011, which as mentioned by AISPA has been postponed by another week.
Could be this is what EoW is going to use against SAOL towards which it is preparing a watertight case.
Ashok Bahirwani has withdrawn his Civil PIL 51/2011 filed originally on August 22, 2011 in Mumbai High Court being against the Union of India, RBI, State of Maharashtra, and speakasia, after a favorable Supreme Court verdict on November 14, 2011 of Jonathan James Criminal PIL #383/2011.
This PIL was against Union of India, RBI, Speakasia, and Haren Ventures praying for the court to order Speakasia and Haren Ventures to pay the dues of the panelists that led to the formation of the Retd. Chief Justice R.C. Lahoti Committee where the next hearing of the committee is scheduled for November 21, 2011.
There is no case scheduled in the Supreme Court on November 21, 2011. Justice Lahoti is the “mediator” who may file his report in the Supreme Court about two weeks later, around December 5, 2011 (Monday) and the Supreme Court will give its decision a week later.
However, if EoW comes forth with its criminal case after completing its “watertight” investigation then …………..(anybody’s guess).
Jonathan James of United Speak Asia comprises of panelists from Delhi. Another Manas Robin (not the Assamese poet) had made a post on August 28, 2011, at http://www.speakindiaonline.com/profiles/blogs/immediate-attention-act-now-to-recover-your-money-invested-in-spe.
Like me he has since been banned from this site being not pro-speakasian! I have all his posts running into 7 pages that were not properly edited including AISPA bashing and Ashok Bahirwani trying to entice him into his fold.
Did this chap form an association of panelists? Anybody heard of him/her? He had called for panelist support to his demand to file a case in the courts via panelistforum@gmail.com. He had mentioned of appointing a legal firm who would send wakalatnamas to its supporters and the case would be put up collectively on the mailer’s behalf.
This Manas seemed to be more concerned about RPs in panel e-wallet than survey e-wallet. His comment on AISPA was
@Ritesh
Thanks for the kind words. As for my background, I’m just a guy with a keyboard. I’ve got a keen interest in the MLM industry that first developed when I saw an ad on TV back in Australia a few years ago.
Contrary to the cycle of critics accusing me of working for their competitors every time someone doesn’t like a review or commentary published, I don’t work for any MLM company or aim to try and convince you to join one. I try to present my writings on MLM without any of the taint of industry bias commonly found at the various MLM related sites out there.
My revenues come from the sites themselves as well as work I do offline (non-MLM related). As for Speak Asia, to date they aren’t the company I’ve received the highest number of comments or readership about, although yes as of late they are.
BehindMLM has been running for two and a half years now, long before Speak Asia came about and hopefully will remain so long after. I think critics need to keep that in mind before they accuse me of working for Amway, Nmart or whatever flavour of the month MLM opportunity is popular in India at any given time.
@Jutamaro
I’m not too sure if and when the EOW/CID will file their case (maybe if the criminal PIL goes ahead on Wednesday?) but for now the Enforcement Directorate have officially charged Speak Asia with money laundering.
No doubt that will put a firm spanner in any such ridiculous notion that Speak Asia will be permitted to conduct financial transactions of any kind within India wilst the company is under criminal investigation.
Hopefully after the panelists deal with the reality of what money laundering is, they’ll also realise the money siphoned out of India is gone and has been transferred into the retirement funds of Speak Asia’s on-the-run management in hiding… and it’s most likely never coming back.