Shocker for Speak Asia investors, company backtracks from luring scheme

Source: Bhaskar News   |   Last Updated 00:57(27/06/11)

Raipur: The Speak Asia, Asia’s largest community of sovereign consumers, has washed its hand from the scheme that promised return of Rs 4000 a month and share of profit on an investment of Rs 11000.

Giving a shock to the number of investors, CEO of Speak Asia Tarak Vajpayee on Sunday told that the company had never launched any such scheme.   

Talking the investors, Vajpayee said that the company is just involved in online business. “Those who give business will get return,” said Vajpayee.

"We do not say or believe that anyone can pay us Rs 11,000 and earn X amount of rupees. That is not our promise."

After media investigation into the false claims made by the firm, Vajpayee had earlier apologised for misleading subscribers.

For over a year now, the company has been collecting large sums of money, rapidly luring and enrolling lakhs of people all the time, assuring them of phenomenal returns, while all that they had to do was simply fill out some online surveys.

But suddenly Speak Asia is backtracking on all its get rich quick claims.

The latest development is bad news for over 19 lakhs people who have signed up and paid money to Speak Asia in the hope that it would multiply.

The police have already begun tightening the noose on the agents of Speak Asia, which has till now accumulated more than Rs 100 crore from people in Raipur and other cities in the state.

SOURCE:- http://daily.bhaskar.com/article/MP-RAI-shocker-for-speak-asia-investors-company-backtracks-from-luring-scheme-2221286.html

Speak Asia Brand Name YUG

Speak Asia Online Pte. ltd will Launch GERMAN technology base 

ELECTRONIC products with the brand name YUG.

Basically In India Company has 20 Lakh Panelist ( 18 June 2011) to whom company is sending surveys for Rs. 500 Each  or in Reward Points ( 1 Reward Point= 50 Rupees ) also Known as RP.

In This Consumer product service company will sell products which are with SAMSUNG & LG like LCD TV , LED and all house hold Appliances . SAOL Company offering price will be less as compare to other companies in the market . People can see the products in starting stage from inside the Speak Asia New Website ( which Launched Date is not Final but Approx date is 23rd June 2011) then any Speak Asia Website Member or Known as Speak Asia Panelist  can purchase the Products he/she can also use its reward points to purchase the Items . By This SAOL company will also earn a huge amount of money as company will get a direct order from approx  50% panelist . 

By Referring this products to the your neighbor or your friends like the product they can buy through SPEAK ASIANS  and what a DEALER earns the similar kind of profit every SPEAK ASIANS earn.

SAOL Company will Also take a Survey of their Products by their panelist by giving the option of filling Speak Asia Survey they can choose the Option of NO and company will ask some questions about YUG Products .

Till November 2011 according to SAOL  Plans every city will have Warehouse and Service Center,
for their YUG products and People can Check the products by Show Case by Senior Panelist Place.

Yug Speak Asia 

YUG is the Brand Name come in Notice First time GENX Bazar in Goa .

ED to probe financial set up of Speak Asia

The Enforcement Directorate (ED) would begin a probe into the financial set up of Singapore-based online survey company Speak Asia.

The development comes about a month after Headlines Todayblew the lid off the controversial company. The ED would investigate the money flow of Speak Asia and how it collected crores of rupees from 19 lakh Indian investors through various entities, opened accounts in Indian banks and than transferred the money to Haren Ventures Ltd in Singapore.

Haren Ventures is the front company, owned by Speak Asia CEO Harender Kaur.

ED would track the flow of money to find out if the company was involved in money laundering.

Speak Asia was in the spotlight recently for giving more than 500 per cent return to investors violating the Reserve Bank of India (RBI) rules. It had also violated RBI norms by collecting crores of rupees from gullible investors and transacting abroad without a head office in India.

The ministry of corporate affairs had earlier said that it could not investigate Speak Asia because the company was not registered in India and the ministry did not have the company's database. Singapore-based United Overseas Bank had closed the bank accounts of Speak Asia following theHeadlines Today expose last month.


Source:- http://indiatoday.intoday.in/site/story/ed-to-probe-financial-set-up-of-speak-asia/1/142215.html

Interview - Tarak Bajpai

Latest Updates & Announcements of 18 June, Lucknow Meeting with Speak Asia, COO(India) Mr. Tarak Bajpai

1. U get Exit or Continue option when new website will be launched –if u Agree with all term & condition and want to work with speak asia than all your data switch over including your tree to new website . If u say No than company send your 11000/- in your bank account back. Refund money depends on whatever cash u get back or not.
2. For achiever Mobile and LCD TV will not be send through courier now u can get it through directly from distributor .
3. LED TV will be provided in place of LCD to achiever.
4. U can book your ticket for travel through speak asia anywhere for u or other person and get rewards.
5. U will get payout in 4-8 weeks till problem comes. for that we are trying to start banking transaction in India. Date not confirmed due to depends upon government working style. Most probably in July.
6. U can book advertisement and just select pin code where u want advertise and get rewards.
7. U can take Insurance policy through speak asia and get rewards.
8. Joining is starts now and we are going to touch 21 lacs panelist.
9. Speak Asia is not a any investment company where u invest and forget, here u do some activity than u get rewards so please do'nt use this word investment.
Many new activities comes in future.