SpeakAsians

October 18th,2011.

Dear Panelist,
The Honourable Justice Dalveer Bhandari of the Supreme Court strongly reprimanded the Ministry of Finance and the Reserve Bank of India, for not having filled the reply affidavit, to the written petition filed by the panellists of Speak Asia. Ministry of Finance and the Reserve Bank of India were supposed to file their reply on or before the 10th October 2011. Justice Dalveer Bhandari has asked Additional Solicitor general Kitit N. Rawal to ensure that both the respondents should file their affidavit before the next hearing. He also said that the casual attitude of the Government in this issue was very disturbing as it was the issue of the money and livelihood of so many people.
Disposing before the bench of Justice Dalveer Bhandari and Justice Deepak Varma, Gopal Subramanian, senior council for Speak Asia explained the total business model of the company. He compared the business of Speak Asia to that of Ebay, where the consumer benefits most. He said this was a much better and refined version as the consumers not only got great deals but could also earn reward points that could be used to buy goods and services. He also emphasised on the training initiatives taken by the company. He lauded the extraordinary vision of the two Singapore based entrepreneurs and the unfortunate victimisation of the company
He urged the court to form a committee headed by Retd. Chief Justice R.C Lahoti, to facilitate the payments to be made to the panellists. He said that the company has the resources to complete all their obligations. He further added that the they have no problems with the ongoing investigations and had upmost faith in the law of the land. He also appraised the court on how the company has been harassed on the basis of some unsubstantiated media reports, and was pursuing legitimate business in the internet space which is the future of all business transactions
The council for the panellist Mr.Mukul Rohitgi urged the court for immediate relief for the panellist. The Supreme Court was most inclined to set up a committee to look into all the issues of the company and its panaellists
The Supreme Court has also instructed the CBDT and the EOW – Mumbai police who have the records of all the payments to be made party to the case, to be present for the next hearing which will be in the next two weeks.
This is wonderful news for all Speak Asians, as they see a ray of hope not only in being able to receive the money that they have earned but also to continue to work and grow with Speak Asia but on the other hand we would also request you all not to trust any rumor or any fake document as there has been fake documents circulating on the internet with fake stamp and sign of our chairperson.All official communication coming from SAOL will be on our official blogspot site which is
www.speakasiaonlinemarketing.blogspot.com and all the official e-mails will come from our following official e-mail id’s-
corcom@speakasiamarketing.com
marcom@speakasiamarketing.com

Regards,
SpeakAsia Corporate Marketing Team.

The case of Speak Asia, the online survery company which is at the centre of a huge scam, is set to come up before the Supreme Court on Monday. Some of the investors have approached the court. Surprisingly many of them are expressing faith in the firm and are asking the government agencies to remove the freeze on the accounts of these firms.
However, for millions like Solomon James, the apex court is the only option left to retrieve their money from the now tainted online survey company.
Solomon James said, "We are saying that if the company wants to return our funds, they must be allowed to do so."
The scam first hit headlines earlier this year when BJP's Maharasthra leader Kirit Somaiya blew the whistle.
The Singapore based company claimed to be conducting online surveys for popular brands in India, a claim which was later denied by some of the brands. The company was collecting Rs 11000 from individuals promising them huge returns over a period of time. It was this contradiction that had led to the arrest of COO of Speak Asia, Tarak Bajpayee, and seven others.
When contacted, Speak Asia CEO Manoj Kumar said, "We have always mantained that we have been making attempts and will continue to make attempts to fulfil all our obligations towards the panelist."
Government agencies are on an overdrive to figure out the source of funding for Speak Asia but no clear cut answers are emerging on that front so far.
CNN-IBN