Speak Asia COO fears re-arrest by police from other states, may petition SC

Speak Asia COO Tarak Bajpai has been granted bail, but he is afraid that police from other places may arrest him. According to sources, the company may approach the Supreme Court to seek anticipatory bail
Speak Asia, the troubled multi-level marketing (MLM) company, could remain in the water for many more days, if not some months or years. The company's chief operating officer (COO) Tarak Bajpai, who is in custody, is apparently not willing to come out of jail fearing that police from other states may be looking to arrest him.
According to information posted on the Internet by some agents of Speak Asia, Mr Bajpai was granted bail by the Thane District Court. However, police from Madhya Pradesh, Rajasthan, Goa and Pune were said to be waiting outside the court to arrest Mr Bajpai. So, in order to avoid being arrested all over again, the company's counsel advised that Mr Bajpai petition the Supreme Court for anticipatory bail.
One such post reads: "Court ne bail manjoor kar li, lekin layer (lawyer) ne mana kar diya kyoki aur jagah se complain bhi hua hai. Agar Tarak sir baahar aate toh fir se giraftar ho jate. Is isthiti (is paristhithi) mein layer (lawyer) ne nirnay liya ki ab Supprim Court se Agrim jamant lenge. Jis se ki jo aur jagah company ke khilaf FIR hua hai, koi pooch tach ke liye inko giraftar na kare. MONDAY ko SC se bail mil jayega, tab Tarak sir bahar aa jayenge, fir SOAL ka painding work shuru ho jayega." However, this information could not be confirmed from the company's legal team.
In the meanwhile, according to some panellists, the company has also requested the Reserve Bank of India (RBI), to postpone its meeting, citing non-availability of its officials. Speak Asia had asked for an appointment with the RBI and accordingly the central bank had fixed a meeting for 24th August, in the second half of the day. However, on the morning of 24th August, Speak Asia sent an email to the RBI saying that since its officials were in jail, the meeting be postponed to another date. Speak Asia had to get an order from the Bombay High Court to fix an appointment with the RBI.
This statement from Speak Asia is yet another example of the lies the company has been spreading. Harendar Kaur, chairperson and chief executive officer (CEO) of Speak Asia (see the image below), had sent a letter seeking an appointment to the RBI. Manoj Kumar, the company's CEO for India, is alleged to be in hiding in Dubai, while there is no information about other officials, like Narayanan Rajagopalan, president for emerging markets, and Vivek Gautam, chief marketing officer (who was reported to have been sacked for making big claims about big clients).
Some other officials of the company were also present at the press conference called by Speak Asia on 16th May in Mumbai, but there is little information about their whereabouts. Till date, the Mumbai police and the Economic Offences Wing (EOW) have arrested only one official, that is Tarak Bajpai. The question is why is Speak Asia making it out to be as if many of its officials are in jail?

Moneylife

Updates AISPA -25th august.

Hello friends, Fellow Speakasians,
Today was a rather slow day compared to to the hectic activity over the last 10 days.
The Magistrate at the Thane Court was on leave today and as such the bail order of Mr. Tarak Sahab has now been kept for Orders Tomorrow i.e 26th August, 2011. We definitely hope for the best.
The Association's Website Domain name has been registered, we are awaiting confirmation, i will share with all of you the domain address tomorrow.
We have had a lengthy discussion with a PR agency to put out a PR exercise in the public domain to counter the negative and malicious campiagn being propagated by the media. We all can see the orchestrated effort of the unknown powerfull corrupt enemy. For example todays report in the TOI refused to mention that a PIL has been admitted on behalf of 20 lakh speakasia panelists and is being heard alongside the earlier criminal PIL. A reporter would have to be BLIND and DEAF not to notice this.
I have been pained by how various people in their enthusiasm report rumours as if they were the absolute truth. Friends the press is already doing that work of reporting unsubstantiated news. The least we as speakasians can do is not report rumours as authenticated news.
Like i said it was a rather slow day and hence a short update.
Once again i wish to assure all speakasians that we are now on the verge of seeing things turning around.
Have patience. continue your trust in SAOL

Jai Speakasian
Ashok Bahirwani
Secretary
AISPA 

Updates from the 'Secretary of AISPA'

Hello Friends, fellow-Speakasians,
Today was a very busy day and i attempt to report as follows:
It started with my Meeting with the Associations Council Mr. Ahmad Abdiji we had a long conference on various issues. We discussed in detail the present situation and the route ahead. We discussed that the PIL filed by the Association on Saturday i.e. 20th August, 2011 will now be mentioned before the Chief Justice of the Mumbai High court for admission tomorrow morning at 11:00 am.
We hope that the Associations PIL as filed on 20th August 2011 be heard by and along with the earlier criminal PIL. We, have agreed, and decided that a RTI application, be filed before the relevant RBI authorities, with the following details.


Writ petition (lodg.) No. 1365 0f 2011
Speakasiaonline pte. Ltd. and others. ..Petitioners
Versus
Reserve Bank of India .Respondents
Coram: Dr. D. Y. Chandrachud & Anoop V. Mohta, JJ.
Date: 14th July, 2011.
The honorable lordships in their order dated 14th July, 2011, had opined in their order on page 5 para 6 line 2 as follows. Relevant Extract:
“However in the interest of fairness, an opportunity should be granted to the petitioners to submit a representation to the Reserve Bank. Sub section (2) of section 35A of the Banking Regulation Act, 1949 does in fact contemplate the making of such representation.”
The lordships further in line 11 go on to add as follows:
“We accordingly dispose of this petition by permitting the petitioners to place representations on the record of the Chief General Manager of the Reserve Bank of India, who had issued the circular dated 23rd May, 2011. In the event that such a representation is made, we would expect the Reserve Bank of India to make a decision in accordance with law. The Reserve Bank of India may furnish an opportunity to the petitioners to explain the contents of the representation in a meeting which may be convened for that purpose”.
The question for the RTI may arise as follows:
Has the Chief General Manager, RBI been approached by the company Speakasiaonline pte. Ltd. if yes when?
If Yes, Has the chief General Manager, RBI given an opportunity to the said company to present their business module?
What was the reason?, on what grounds?, what was the causative action which forced the Chief General Manager to issue the circular dated 23rd May, 2011?
Has the meeting been convened as the lordships ordered?
Friends, this is the broad outline and grounds for the RTI application. My advice to all of you is that please arrange proper legal councils, spend money, and get good experienced advocates on board. For any document support send your request to speakasian.ashok@gmail.com with the subject “RTI help”. I am asking you to write to me on my Id only because the speakasia.association@gmail.com is being flooded with the support E mails.
Your Committee then met some members of an NGO’s supporting the human rights of people in Maharashtra and made a presentation to them on how lakhs of people who depended solely on the income generated from the SAOL module have been robbed of their legitimate right to earn. By this malicious campaign they have been robbed of the opportunity to their livelihood and respectful existence.
The Committee Members then met and decided on the following steps for the immediate future over the next couple of days:
Immediate focus is to seek our COO’s Release.
We need to see that the Associations PIL is admitted tomorrow.
The associations PIL has to be clubbed with the initial PIL and should be heard along with the original PIL.
To Launch the Associations own Website thereby providing an Authenticated Forum for the Panelists.
To register the association and open the Bank Accounts.
The resultant outcome of the hearing of the PIL hopefully on Wednesday i.e. 24th August, 2011 will decide our future course of action.
As an aside, I wish to mention here that the immediate pre operative expenses are being borne by the office bearers and the committee members on an individual basis. But going forward we may require monetary support from the speakasian family, and we are in the process under advice of legal counsel, deciding how to go about it.
It will not be out of place to mention here that the legal fees of our counsel Adv. Ahmad Abdiji has been paid by your Office bearer by individual cheques.


Tomorrows Agenda is as follows:-

• Early Morning meeting of the core committee for E support and website development.
• Attending the Thane Court where Tarak Sahibs Bail application will be heard.
• Meeting PR agency to discuss PR activity to fight negative campaign.
• Collate, and putting material together for Wednesday PIL hearing.

Source:- Bizbasket

Updates 23 august,11

Court has rejected the request of police to extend the custody of tarak bajpai and other officals,and they are sent to judicial custody for the next two days and bail application of the officials was accepted and they are soon to be released.The bail hearing is dated on 25th august.

Updates-22/08/11

At this point of time its a very good thing that we the 20 Lakh panelists of Speak Asia have formed an association named "Speak Asia Panelists Association" which is representing our case in judiciary, government and various concerned institutions. Please go through the following updates from the Secretary of our association:


When Will the Payouts Start?
This is a million dollar question and I am sure almost all the panelists including me are eagerly waiting for the payments to restart. I wish to draw your attention to the fact that the company has been approaching the RBI on various occasions but the pleas have fallen on deaf ears and the required permissions have not come through. Our Global CEO Ms. Haren Kaur has written to RBI once again on 19th August, 2011 and we again await some positive response.
I wish to draw your attention to The PIL filed by your Association before the Hon. High Court at Mumbai wherein one of the main prayers is that the RBI be instructed to withdraw the circular issued by them to all banks cautioning the banks against speakasia. It is also prayed that the company be allowed to pay out over 200000 Speak Asians whose requests are pending for payment.
In summation I wish to submit that come Wednesday 24th August, 2011 this question will be better answered once the Hon. High Court has heard the PIL.


When will the Surveys restart?
We are all aware that the servers of the company are being investigated by the EOW. This is the reason why the portal is not fully operational.
As soon as the EOW finishes the investigation they will hand over the portal back to SAOL and the surveys and the EXIT option will be activated.
The PIL of your Association pleads before the Hon. High Court to fix a time frame for the authorities to complete investigations of the company.
Once again this question will be clarified after the hearing of the PIL.


When will the PE be established?
This question will also be answered after the hearing of the PIL filed by your Association on Wednesday i.e. the 24th August, 2011.


Where is our CEO Mr. Manoj Kumar and our Global CEO Ms. Haren Kaur?
Friends both of them are safe and sound and monitoring the entire defence operation in all probabilities. I am sure they have not returned to India on the advice of their Legal counsel.
We should be hearing from them soon. Maybe they are waiting for things to get clarified in the
matter of Tarak Sahibs detention matter.


Why is our COO Mr. Tarak Bajpai being arrested again and again?
Mr. Tarak Bajpai was first arrested on 29th July, 2011 under the FIR resulting out of the order passed by the Hon. High Court in the criminal PIL filed sometime in July 2011. After serving the mandatory 14 days remand Mr. Bajpai was finally released on Bail Yesterday i.e. 20th August, 2011.
Once Mr. Tarak Bajpai was a free man he was once again arrested in yet another FIR filed at Mira
Road by the EOW Bhayander.
To counter this menace of multiple complaints in, if at all, one crime against SAOL the company management is in a huddle with their legal team.
On enquiries, SAOL have assured us that they will soon find a remedy to this, and put a stop to this menace which is becoming a huge irritant in the way of getting final release of our COO Mr. Tarak Bajpai.
Friends, fellow Speakasians we have to understand the gravity of the situation and assess the situation that we are currently in REALISTICALLY.
The matter is in the hands of various Govt. Agencies and they will work at their own speed, maybe purposely at a snail’s speed. This is why we introduced the PIL to speeden them up.
We have no choice but to be UNITED & PATIENT. This is the ONLY way we will WIN.
On a positive note I would like to inform you that Mrs. Renu Sharma wife of our CEO Mr. Manoj Kumar Sharma, was released from detention without being arrested, yesterday itself, because they could not find any reason or case against her,
which in itself is a huge testimony to the fact that the EOW has not got any substantial material against SAOL.