Think about Mr. Tarak Bajpai

“A classical example of picking up a wrong man in a wrong case” said Speakasia Counsel Adv Ponda regarding Mr Rahul Shah.
Mr. Tarak Bajpai was granted bail but was again taken into custody.Mr.Tarak Bajpai,a person with a great heart is still smiling even though he is made to sleep on the floors of Thane Jail fighting for the panelists, fighting for us THE SPEAKASIANS.
So, let’s support him and companies to better life and win the court.

Bizbasket updates - 30 august

At this critical point of time when the fierce battle is going on in legal arena when not many concrete updates are coming we would like to provide you with following news which should keep you away from any rumor:
1. As lot of rumor is going on that the COO Mr. Tarak Bajpayee has been released on bail by Supreme court on 29/08/2011 is not true. We have authentic information from the official SAOL sources that nothing of that sort has happened. Though he is expected to get the anticipatory bail very soon which will stop all the arrest apprehensions from across India by various state police in similar cases.
2. The control of the website www.speakasiaonline.com is still not with the SAOL management so only panelists are facing problems which are pure technical in nature. There is nothing to panic because of website not being functioning properly because as soon as we get some relief on the battle field of the law correcting a website is peanut.
3. There are hearing of cases going on in various courts of laws in India related to SAOL and till now nothing has been proved against of Speak Asia in any court of law. Any learned person in India knows very well that any court would not deliver its judgement merely based upon negative campaigning by media against any entity. It will go through each and every fine detail of the facts before delivering the final judgement. Looking at the current scenario of SAOL case victory in court is sure but no one in this world can give a date.
4. Speak Asia Panelists Association (AISPA) has filed a PIL (Public Interest Litigation) before the Honorable High Court at Mumbai which is now posted for 7th September, 2011, when the Government of Maharashtra is to file its reply. Apart from this some of the panelists have independently moved the Honorable Supreme court and are in the process of filing a PIL before the Supreme Court asking for ad interim relief and requested that the money which is seized by the authorities in India be brought under the custody of the Supreme court and under its supervision be distributed among the panelists.
5. As per our official sources we can expect some critical and probably good news on the legal front in this week. So stay tuned with only reliable media and do not pay attention to rumors and for god shake you don't join the people who spread rumors for cheap publicity of themselves and play with the emotions of millions of innocent investors across our country.


Regards
Team BizBasket

FAQ From Ashok Bahirwani

We are waiting for our AISPA site disparately…??
I will update you of the exact date of the launch of www.aispa.co.in on 1st September, 2011.
Is  Mr. rahul sah released ? what ‘s his reaction or informations?
Yes, Rahulji has been released and i am sure he must be a relieved man.
Why SAOL ‘s websites log in is not working?
There is a technical problem with the speakasia website and as the adminstrative rights are with the EOW, SAOL is not able to rectify this error.
Where is Mr . Narayanan ? what is his stand ?
We all know Mr. Narayanan is an external consultant and not an employee of SAOL. As the operations of SAOL are presently stalled he must be busy looking after his consultancy business with his other clients.
What happened with PROVOUGE gift voucher ? is it connected with Mr . tarak sir’s arresting( this question is becouse of i realize that there will be separate department working for this )
We all know that the entire operations have come to a standstill and all the energies of the company must be now focused on getting the immediate release of Tarak Sahib. Once he is out he will steer the ship out of troubled waters.
Why YUG brand mobile is now sold by TVC ?
Let me understand the TVC issue and i will revert back on this shortly.I hope you will be satisfied with the answers.I once again urge all the panelists to be patient.Jai Speakasia,

Updates 26.08.11-Ashok Bahirwani

Good Evening Speakasians,
After many days, a day, full of GOOD NEWS. After many days we had multiple successes and I take immense pride in reporting as follows.
GOOD NEWS #1: Mr. Rahul Shah the poor victim of the high handedness of the Authorities and an example of subversion of facts was today released on bail, by the Quila Court. To quote the companies Counsel Adv. Ponda this was “A classical example of picking up a wrong man in a wrong case”.
The faith of 20 lakh panelists has once again been imposed in the legal system when the Hon. Magistrate Esplanade Court released, Mr. Rahul Shah, employee of M/s Tulsiyant Info, a company no way connected to SAOL, on bail. Details of the order are awaited; I will post the details ASAP.
GOOD NEWS #2: Mr. Tarak Bajpai our inspirational leader and beloved COO along with the other three officials, none of whom is a SAOL official, were granted unconditional Bail, by the Magistrate in the Thane Court on a surety of Rs. 25000/- only per head. This order was pronounced in court only around 6.00 pm and as such our COO and the three others will have to spend yet another uneasy night on the floors of Thane Jail.
My heart bleeds to see this man who has led the speakasian family to great heights, who has been the architect of change in the standard of living of lakhs of families, sleeping on the floors of Thane Jail, fighting for the panelists, and still smiling.
TRIVIA:
1. The Domain name of your Association website has been confirmed and hopefully the site should be operational within the next 7 to 10 days.
The domain name is www.aispa.co.in
2. The initial proposal of the PR agency has been received and has been circulated amongst the committee members for their opinion and suggestions. We should be able to finalise this soon and the panelists should see the PR exercise taking shape soon. I will share with you the details as they keep getting firmed up.
3. The Association has mooted the idea of setting up a call centre for better verbal communication with the large panelist family.


RUMOURS & UNSUBSTANTIATED REPORTS:
Without going into the details of the forum or the website where the stories were germinated, I attempt to clarify on “HOT” news items of the day.
SAOL has started paying their employees: A false statement to the core, without starting payment of the panelist the company will not pay the employees. All the employees are willing to stand by the company along with their leader Shri. Tarak Bajpai. The company is duty bound to first pay the Panelists followed by the vendors and finally the employees.
The State Government is going to go in appeal against the order of Mr. Tarak Bajpai and others bail order: This is a normal action in the legal process. An aggrieved party will always appeal to the next available medium available to them. So this does not come as a surprise to me as this is the established route available to the authorities.
Zee news report on Mr. Moilly referring the matter of SAOL to SFIO: 
I have not seen this news item and as such cannot substantiate the same.
Allow me to comment on this tomorrow, I would like to study this in detail.


As is evident from the above we are moving in the right direction. Things are happening in our favour. On such a large scale, with Govt. Authorities involved we cannot decide the speed, but we can smell victory.
Have faith in SAOL, have patience.
Proud to be a speakasian
Jai speakasia
Ashok Bahirwani
Secretary
AISPA

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