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

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.

SAOL LAWYERS TO MOVE TO SUPREME COURT ON 23 AUGUST

Firstly all speakasians were shocked by the news,about mira road eow taking again for statement,as you all know they were already wating for them to get out,and it was planned,so today our adovcate Mr Abad Ponda(THOUGH HE WAS ON A HOLIDAY BUT HE CAME BACK).His feared that this custody could happen but he hoped for best,but he came  with his assitant had reached the court on time now the complain by mira road guy was not on speakasia, let me explain iu how it was, he had filed complain against the person who had joined him in saol , i.e, he had filed fir against the person who told him the plan (HIS UPLINE) is so called the person who represented him about saol , so he complain against j*** not saol , so we dont have to worry about this , this complain is not on saolnow our advocate told the migestrate that , the same type of case hads already been rejected by quilla court , so the point is, now we cant have same type of complaints from diffrent people , , our advocate told we are ready to pay the amount to the accused , let the RBi start the regulations and derfreeze the account. IT MAY BE POSSIBLE THAT ON WEDNESDAY THEY ARE SENT TO JUDICIAL CUSTODY THEN THEY GET A BAIL FINALLY ON 26TH
BUT TO STOP FURTHER HARRESMENT OF OUR OFFICIALS
our lawyers are going to supreme court on tuesday for everthing …according to me tarak sir and all will be send to judicial custody on wed for two days and then he will get bail and yaa in the mean time our lawyers will try there best to get a stay from supreme court on all further arrest and get a final verdict once and for all OUR CASE IS STRONG
1) ED HAS DONE ITS INQUIRY
2)EOW HAS DONE ITS INQUIRY
3)ROC HAS DONE ITS INQUIRY
4)RBI NOT LISTENING
5)LOTS OF PIL IN DIFFERENT PLACESNO AUTHURITY IS ENTERTAINING OUR PLEA DESPITE OF OUR GLOBAL CEO HAREN KAUR WRITTING MANY TIMES…
SO SUPREME COURT CAN ONLY GIVE THE FINAL VERDICT WHICH IS THE TOP MIST COURT OF LAW.


Souce:- speakindiaonline.com

Watch this video....

This is a clipping form the movie 'GURU'.

speak asia's letter to RBI

SpeakAsia's CEO's family detained at Delhi airport

Todays’ news is a really bad one regarding the detainment of CEO’s family. The only reason is at any cost EOW want CEO Mr. Manoj Kumar back to India, so that they can arrest him and delay SAOL business. Court never said that EOW cannot investigate Speak Asia issue. Eventhough Mr. Tarak got bail, court favoured EOW also. That’s why Tarak and others have to report to EOW on every tuesday and thursday for 2 months. Court also put the condition that COO and others should not go out of this country and their passport is with police. This is also due to the request of EOW. Guys one thing is sure government agencies are planning to stop SAOL business by any means. This is cheap politics.

Speak Asia to refund money to investors

Media reports claimed that the Singapore-based online survey company, Speak Asia, which has been accused of Rs 2,000 crore scam, is planning to give back the money to investors.
Amid the allegations of duping nearly 12 lakh investors across India, Speak Asia came up with a message saying that panelists can withdraw money from the scheme and can get their money back. 
The disclaimer on the website claimed that panelist who wishes to withdraw from the scheme can write to the company and get their money back.
Also, Speak Asia released a press note describing that the company is in dialogue with the Reserve Bank of India on making the payments to panelists. Speak Asia coming up with 'Exit Policy' that gives the money back to people who wish to end their association with it. 
Meanwhile, a local court in Mumbai granted bail to online firm's COO Tarak Bajpai and four other officials. Court granted bail to Bajpai, Speak Asia Financial Manager Ravi Khanna, the web portal's technicians Rajeev Malhotra and Rais Khan, and panelist Deepankar Sarka on surety of Rs three lakh each.
Commenting on the bail for COO, Speak Asia India CEO Manoj Kumar said that they have full faith in Indian judiciary and the company will overcome all accusations levied against it.
"We have full faith in the judicial wisdom and fairness of our country. We are confident that we shall be absolved of all accusations levied against us. We are also in dialogue with RBI to allow us to make payments to all our panelists who have stood firmly with us at the time of need. This will also help us to implement our exit policy which would enable those panelists who wish to end their association with the company," Manoj Kumar said.
Speak Asia was conducting multi-marketing pyramid model, which promised exorbitant investment returns to the investors. 
Speak Asia offered Rs 52,000 return in an year after investing just Rs 11,000. It has been found that there are more than 20 lakh investors across India and the company had 150 franchises across the country.

Source:- Oneindia news

SpeakAsia-kolkata

Bail granted to five in SpeakAsia case.

 The metropolitan magistrate court granted bail on Thursday to five of the six accused who had been arrested in the SpeakAsia scam. Tarak Bajpai (36), chief operating officer, Rajeev Mehrotra, technical head for its portal, Shaikh Latif (32), an assistant for the daily portal's operations and in-charge of regular pop-ups, Ravi Khanna (44), a finance accountant, and Deepankar Sarkar, a panelist, were granted bail on a cash surety of Rs 3 lakh each. 
Under the conditions of bail, the accused will have to deposit their passports and they cannot leave the city. They also have to report to the economic offences wing office every Monday and Thursday. The sixth accused, Rahul Shah, a partner in SpeakAsia, is in police custody. The defence argued that none of the accused had any active role to play in the case.

Tarap Bajpai released

Today on 18th August Tarak Bajpai,COO of speakasia along with other four Rajeev Malhotra , Ravi Khanna , Raiyes Shekh and Deepankar Sarkar  were granted unconditional bail.

speakasia COO Tarak Bajpai released-18th august

SAOL got registered in Bangladesh

Today(17th august) is a great day for all speakasians of bangladesh.Today speakasia got registered with RoC of bangladesh.

Entity Name:- SPEAK ASIA ONLINE (BT) LIMITED
Entity type:-Private Company
Name Status:-Registered[Reg. No.CH-7896]

http://www.roc.gov.bd:7781/psp/nc_search

Tarak Bajpai-when he was taken into custody

That Time/This Time -Speakasia

The Gen X bazaar(9th to 11th may) was a great success and business worth over 100 Crs. was done in those three days. The same day when GenX bazaar ended Star News showed a news stating speakasia to be a fraud company.Before the news came there was not a single case where there has been a payment delay in anyone's account,and people were earning a handsome monthly income.As the panelist base was more than 15 Lakhs at that time, the news channels though of a great way to increase there TRPs.To gain TRPs these news channels went all the way to Singapore where the speakasia office is located.They found the office and saw everything was working fine,but still they had to make some news,so they raised issue on  the small size of the office,number of employees etc.They said that there were hardly 3-4 persons present in the office and how can speakasia work with so small employee base.In the conference held at talkatora stadium on 9th june, Delhi  speakasia's COO cleared this point.


Following the market sentiments the payment gateway by speakasia's banking partner UOB,Singapore was closed and payment were stopped from 25th may,again media grabbed this opportunity to defame speakasia.Speakasia even managed to open a new account in Singapore but as the company got a very negative publicity in India, for security measures RBI gave instructions to the banks in India to freeze all the accounts of speakasia.


It has been more than 3 months still the payment didn't start.The company is ready to pay their panelist .but how????????They are approaching the govt. officials but they never get a complete positive response,and they keeps on delaying things.But the government is not bothered about 20 lakh  peoples of India who are associated with it,of which many earn there living form SpeakAsia.


Lets hope for the best.

SpeakAsia Panelist Association

To be a part of  'Speak Asia Panelist Association' kindly mail the content give below at :- speakasia.association@gmail.com



Dear sir,
This Mail is to Sign my Wholehearted support to SpeakAsia Online Pte Ltd. (SAOL) which is being constantly haunted by Cheap Politicians and Some Crooked Media People.
At any Cost Government should take action to restart the business of SAOL and protect approx. 20Lac SpeakAsian Panelists who are common public of our country.
I hereby Authorise the "All India Speakasia Panelist Association" to represent in the legal matters of SpeakAsia for me Across the Country.
I also authorise the Association to appoint a suitable advocate for we people-20 lacs common people, the Panelists. 
Be Proud to be a SpeakAsian
Thanks and regards, 


Name :
City :
State :
Pin Code :

Updates 16-08-11

The Bail plea of COO Tarak Bajpai and others are still pending and the next hearing is on 18th august.

Unsatisfied by the response of the government of india, the panelists all over india has formed an association called as SPEAKASIA PANELISTS ASSOCIATION. They are going to file a PIL(Public Interest Litigation) in bombay high court and in  this PIL -FM(Finance minister),MCA(Ministrty of corporate affairs) and RBI will be addressed.

The mail id of SPEAKASIA PANELISTS ASSOCIATION :- speakasia.association@gmail.com

Blood donation camp by Speakasians-chennai

This year speakasians celebrated independence day in a unique way.Speakasians from Chennai had organised a blood donation camp on 15th of august,in government general hospital,Chennai.This event saw many speakasians along with there family voluntarily participating and donating blood.

These certificates were give to the volunteers 

Things Slowly turning positive.....

On 4th august the police custody of Tarak Bajpai was extended till 12th of august.But even after the extended custody EOW couldn't find any substantial evidence against speakasia.Today 12th august again EOW approached to court requesting extension of remand for another 14 days.Court rejected the plea of EOW.

Now COO of speak along with four others have been kept under judicial custody till 16th august as the court will be closed for the next 3 days and on 16th a bail application will be filed for the release of tarak bajpai along with other 4 officers.

SpeakAsia on Zee Business - 12th August

Ram Jethmalani Salms News media openly.

Mumbai police arrest another key person - 12th august

Police arrested another key person in connection with the Speak Asia scam, which was estimated as big as Rs 2,000 crore. Now, the total number of arrest in this case rose to six, including the COO of the Singapore-based online survey company.
Police on Thursday, Aug 11 arrested Rahul Shah, vice president of Tulsient Information System Pvt Ltd, a Business Process Outsourcing (BPO) unit that looked after Speak Asia's financial affairs.

"Rahul Shah has been arrested from the city," said Additional Police Commissioner (EOW) Rajvardhan Sinha.
Police officials said that Tulsient looked after the financial affairs of Speak Asia and also played an important role in the controversial company's online surveys. According to police, Speak Asaia CEO Manoj Kumar, who is wanted in this case, is a partner in Tulsient.
The city police had recently arrested Speak Asia's Chief Operating Officer (COO) in India Tarak Bajpai, financial manager Ravi Khanna, technicians Rajeev Malhotra and Rais Khan and panelist Deepankar Sarkar and all of them were remanded in police custody till August 12.
Mumbai police informed the court that they had found Rs 139 crore in the Speak Asia's 35 frozen accounts. The police said that the fraud amount has crossed Rs 2,276 crore, but going by the number of investors, the amount could be over Rs 14,000 crore.

A Unique way to support speakasia @ Varanasi

SpeakAsia support Rally - Kanpur-10 August

SpeakAsia Support rally - Indore.

 On one hand, when protests are taking place against Singapore-based online firm Speak Asia across the country, there is a section that supports the company and its business.
Members of the Speak Asia Panelist Welfare Forum on Wednesday took out a rally from Tower Chowk to collectorate in Indore.
The protestors even submitted a memorandum, stating their points supporting Speak Asia, addressed to President Pratibha Patil.
They alleged that a false propaganda was being done against the Singapore-based online company.
It was further claimed that all the bank accounts of the company were frozen as part of a conspiracy while the firm wished to return the money to all the investors.

CNBC Aawaz Exclusive report on Speakasia.

This report was telecasted in CNBC Awaaz on 10th august.

updates Of Speakasia 11th August.

• EOW has signed a Non-Disclosure agreement(NDA) with speakasia and checked the client list and also verified it with the clients.
• Speakasia has also brought a TV channel named 'A2Z'.This has not been officially launched till now,and will soon be released.This news was confirmed by the franchise of speakasia.
• A peaceful rally is being organised on 12th august in Mumbai, at 10 a.m,azad maidan,near CST station.

Updates 8th August

• Today EOW called Many franchise and top panelists for investigation.After investigation EOW has accepted that speakasia in not an money laundering company.
• SAOL didn't give the complete authority of there server and the Govt. officials were accompanied by SA's technician (IBM).
• Court cannot extend the custody of Tarak Bajpai any further than 12th August.
• Till date EOW has no evidences against speakasia.

Speakasians in action....

Protest by speakasians in jalandhar

Speak Asia case accused remanded in police custody till Aug 12

A local court on Thursday remanded the five accused arrested in connection with Speak Asia's multi-level marketing scam in police custody till August 12. 
The city police had recently 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. 
Speak Asia had promised lucrative returns through a multi-marketing pyramid model. The firm allegedly duped over 12 lakh investors, also called as panelists to the tune of Rs 1300 crore, by assuring them commission if they introduced new members. 
The police today told the court that they want to recover the money that the accused had syphoned off after duping the investors. The police also said that some more arrests were likely in the case. 
The police also said that they have frozen 35 bank accounts belonging to the company which reportedly have funds worth about Rs 130 crore.

Red-corner notice sought against global head of SpeakAsia

 Investors have lost over Rs 14,000 crore in SpeakAsia's schemes, police said. The cops recently froze the company's 35 bank accounts that had a balance of around Rs 139 crore. 
The company promised a return of Rs 52,000 on an annual investment of Rs 11,000. There are more than 20 lakh investors across India who was known as panelists. "One account in a Mumbai bank had a balance of Rs 80 crore," a police officer said. 
The economic offences wing (EOW) is also collecting information about the company's global head, Haren Kaur, a Singaporean national of Indian origin, to issue a red corner notice against her. 
"As per our information, she is in Dubai. We will soon issue a red corner notice (RCN) through the CBI to arrest her," another officer said. The police registered two fresh cases in Indore following investors' complaints. 
Police officials said that they have contacted computer emergency response team in Delhi to block the firm's website. The server on which the website is hosted is located in the US and it will take time to block it globally, the police said. 
The EOW has arrested five officials of SpeakAsia so far. The Esplanade court remanded the five accused in police custody till August 4. "More arrests are likely soon," said investigating officer, B P Shelke. 

speakasia website closed by investigating agencies.

Speak Asia Was under the radar of Government Investigating agencies and Speak Asia Tarak Bajpai Arrested 29 July 2011 according to News Mr. Tarak with his associates in Mumbai was controlling the
website later on Cyber Investigation Started After Speak Asia News on 3rd of August . In a News Shown
on 5th August Speak Asia Managed By Tulsient Consultancy EOW Mumbai after that today on 7th of August Investigating Agencies have closed the Websites.

Speak Asia Website was start getting daily visitors of more then 1 Lakh for their Speak Asia POP UP where
news are Published. As After News Come of Speak Asia Fraud on day by day Speak Asia Website World 
ranking was getting improved 3 Months Before its Stand 1,50,000 and Today 976 it means this all Fraud allegation giving website a Better World Wild Ranking .

SpeakAsia's letter to RBI.

Exit Option to be made avaliable form 5th August

page-1

Page-2

navbharat times

A message to all speakasians

SpeakAsia Product Brand - YUG

The campaign of SpeakAsia's Product brand YUG has started,as it was promised earlier.This ad was shown in times of india on 31st july,11. 

‘No promises broken, CEO not hiding’-TOI

A local court on Friday remanded Tarak Bajpai, COO of an online survey company SpeakAsia and three others to police custody till August 4. The Economic Offences Wing (EOW) had arrested all four around 3.00 am early Fridayin Indore after two Mumbaikars filed a complaint against the company for cheating them of Rs 5.43 lakh. 

    According to the remand copy, the main complainant Navneet Khosla had filed a complaint claiming he was allegedly duped of the Rs 2.4 lakh he had invested in the scheme. Khosla told investigators that in February 17, 2011, two members from SpeakAsia—Ujjawala Shete and Amit Welankar—had visited his house to discuss the scheme. 

    The public prosecutor Ujjawala Gite told the court that the CEO of the company, Manoj Kumar was absconding and fearing that the others—COO Tarak Bajpai (36), Ravi Khanna (44), Shaikh Rais Lateef (32) and Rajeev Mehrotra (50)—too would abscond, they were arrested. 

    The EOW registered the case on Thursday under Section 406 (criminal breach of trust) and 420(cheating) of the Indian Penal Code (IPC) and under Section 3 (Banning of prize chit and money circulation schemes or enrollment as members or participation) and various other sections of the Prize Chit and Money Circulation Banning Act. 

    Defence advocate Abad Ponda denied that the CEO was hiding. He repeatedly told the court that the accused were never issued summons before their arrest. He said the police had acted “in lightning speed” only after the company had intervened in a PIL filed against it in the HC. According to Ponda, at no time did SpeakAsia say it would double or triple investors’ money, but that it was a point-based system that depended on the client’s efforts.

Source:- times of india