The Gen X bazaar(9th to 11th may) was a great success and business worth over 100 Crs. was done in those three days. The same day when GenX bazaar ended Star News showed a news stating speakasia to be a fraud company.Before the news came there was not a single case where there has been a payment delay in anyone's account,and people were earning a handsome monthly income.As the panelist base was more than 15 Lakhs at that time, the news channels though of a great way to increase there TRPs.To gain TRPs these news channels went all the way to Singapore where the speakasia office is located.They found the office and saw everything was working fine,but still they had to make some news,so they raised issue on the small size of the office,number of employees etc.They said that there were hardly 3-4 persons present in the office and how can speakasia work with so small employee base.In the conference held at talkatora stadium on 9th june, Delhi speakasia's COO cleared this point.
Following the market sentiments the payment gateway by speakasia's banking partner UOB,Singapore was closed and payment were stopped from 25th may,again media grabbed this opportunity to defame speakasia.Speakasia even managed to open a new account in Singapore but as the company got a very negative publicity in India, for security measures RBI gave instructions to the banks in India to freeze all the accounts of speakasia.
It has been more than 3 months still the payment didn't start.The company is ready to pay their panelist .but how????????They are approaching the govt. officials but they never get a complete positive response,and they keeps on delaying things.But the government is not bothered about 20 lakh peoples of India who are associated with it,of which many earn there living form SpeakAsia.
Lets hope for the best.
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