SpeakAsia Updates 8th Feb,12

On the petition filed by 115 panelists, Supreme Court on Tuesday directed the appointed mediator of the case to deposit a sum of 50 crores to Apex Court Secretary General in A bench of Justices Dalveer Bhandari and Dipak Verma gave time of 2 weeks to submit the above mentioned amount and it will be used for the repayment of subscription fee given by the panelists.

Further hearing of the cases are as follows:

16th Feb,12- Bombay High Court hearing of the case filed by AISPA (WP/3611/2011).

17th Feb,12-Bombay High Court hearing of the case filed by SpeakAsia against Multi Screen Media Pvt. Ltd (for R.K.Laxman ki Duniya).

We are now on Facebook too

Hello readers,
First of all i would like to thank you all for you contribution in making this blog a success.This blog was release last April and in less than a year it has achieved a good reputation in its niche with average page visits exceeding seventy thousand monthly. It has become a 'goto' resource for all speakasia updates.So realizing  the popularity of this blog we have created a Facebook page for our blog.Please visit our page and stay connected with us.


Click Here to visit our Facebook Page

SpeakAsia 'amount credited'

The amount of the last survey done by the panel members of speakasia has been credited . Though there is no official communication on the same but the panelists can see the amount credited in their account by going to the 'survey income' menu.Below is a screenshot of the same.The amount has been credited on 5th of Jan,12.

SpeakAsia site working!!!

SpeakAsia's official site(www.speakasiaonline.com) has started to work again. A few days back also suddenly website started working but that time they closed the site the same day.Though there is no official communication on the same but people are expecting that it will continue to be functional.

Now all eyes are on the court verdict of 9th Jan.

ED registers money laundering case against Speak Asia

 The Enforcement Directorate today registered a case against Speak Asia, a Singapore-based online survey company, under the Prevention of Money Laundering Act in connection with a multi-level marketing scam, sources said. The firm had allegedly duped over 12 lakh investors, also called as panelists, to the tune of Rs 1,300 crore, after assuring them commission if they introduced new members. Speak Asia had promised lucrative returns to its investors, who were asked to pay a fee to register with it, through a multi-marketing pyramid model. The city police had earlier arrested Speak Asia's Chief Operating Officer in India (COO) Tarak Bajpai, Financial Manager Ravi Khanna, the web portal's technicians Rajeev Malhotra, and Rais Khan and panelist Deepankar Sarkar.

Source: IBN7