Customs seize 1st Speak Asia import worth Rs100 crore

The Customs have seized the first import consignment worth over Rs100 crore of the Singapore-based online survey company Speak Asia after police investigations revealed that the import licence contained the wrong address. The address was actually that of a pizza shop in Andheri (East), revealed police sources.

The Economic Offences Wing (EOW) of the Crime Branch arrested six persons in the case, including Chief Operating Officer (CEO) Tarak Bajpai and Rajiv Mehrotra, head of information technology of the company, in July this year.

According to EOW sources, the first consignment of Speak Asia, containing electronic appliances like washing machines and LCD TVs, arrived from China a month ago. The consignment was over Rs100crore in value with a tax of Rs14crore. “When we checked the company’s address mentioned in the licence, it turned out to be a pizza shop in Marol area of Andheri (East),” said an EOW source, requesting anonymity.

He added that this information was shared with the Customs department, who then seized Speak Asia’s import consignment at Nhava Sheva port in Raigad district. “Speak Asia officials claimed that they had been selling electronic appliances under the brand name of YUG, which they said was a Germany-based company. In fact, the goods imported were manufactured in China,” added the source.

Another interesting fact that has come to light is that the company was conducting camps in several rural areas of the country and has allegedly duped several villagers in their multi-level marketing fraud. “Company officials would conduct camps in rural areas, first targeting public leaders or the sarpanch, and convince them to invest in their companies. Subsequently, villagers fell in their trap and invested their hard-earned money,” said another EOW officer.

He added that the company had conducted 200 rural camps in one year, even reaching far-off northeastern places like Tinsukhia and Dibrugadh. In Raigad too, the company had convinced several villagers to invest.

“We have seized two Mercedes cars, office space at Andheri and Goregaon, and two flats in Versova of accused Manoj Sharma. Tarak Bajpai’s bank accounts, personal accounts and a few properties have also been seized.

http://www.dnaindia.com/mumbai/report_customs-seize-1st-speak-asia-import-worth-rs100-crore_1587624
Friday, Sep 16, 2011
Place: Mumbai | Agency: DNA

Speak Asia makes another frantic effort to fool panelists from filing FIRs

Speak Asia makes another frantic effort to fool panelists from filing FIRs

Pro-SAOL (speakasiaonline) sites are giving Breaking News of the Exit Option commencing from September 10, 2011. However, while bizbasket.net is stating that payments will be made from Singapore as and when RBI allows TT transfers, speakasiaonlinemarketing run by Ashok Birwyani that self-proclaims itself as the official site of SAOL until SAOL’s website gets going is stating that payments would be made with RBI allows SAOL banking facility in India. These jokers are attempting to quell the unrest among the panelists who are now resorting to filing FIRs against this company. Various State High Courts are preparing to take up cases on the basis of the FIRs being filed similar on the lines of Andhra Pradesh Court that has frozen bank accounts of distributors/franchisees and re-arrested SAOL employees. The fact is that RBI is in no mood to allow banks to give banking facility to SAOL which is being treated as MLM and whose main source of income will continue to be getting more panelists though showing e-commerce is just an eyewash to fool one and all. The Exit Option actually confiscates panelists Reward Points earned on doing their surveys/opinions.

SAOL, actually run from Mumbai via a private company of its CEO, India, Manoj Kumar makes no mention of the name of their new bank in Singapore after their earlier bank, USB had terminated its accounts. Global CEO, Haren Kaur, and CEO India, Manoj Kumar continue to abscond abroad towards the Indian Authorities propose to issue Red Alert notice via Interpol.

Though these pro-SAOL sites also claim that EoW has no case against SAOL as per the final judgment by Mumbai High Court on Sep 7, yet they continue to harp that the website is in the hands of the EoW!

Promises on dates of restart of website and normalizing of functions have been postponed now for four months.

Registrar of Companies to submit report on SAOL to Ministry of Corporate Affairs

What RoC must also look into is that SAOL is only a front of Haren Ventures Pte Ltd, Singapore, owned by Haren Kaur where all the registration amounts of all panelists go. $20 million in Indian banks of HVP's distributors/franchisees and another $480 million in UOB bank, Singapore have been frozen. RoC must look into HVP too which is the brain behind SAOL and funds the expenses of the latter. SAOL is only opening a 100% subsidiary in India whose objectives as per their Memorandum of Association is marketing, clients for surveys, product distribution, and content development. The bank account that SAOL plans to open in India after registration is to cater only for expenses of such objectives and not to pay accumulated Reward Points (RPs) of panelists. All these gimmicks are being undertaken to fool the panelists that their payments will be from India itself and, thereby, continue the drive to recruit new panelists, and also fool the governmental and banking authorities both in India and Singapore so that $500 million lying frozen get released to them.

SAOL had planned to launch its new website today, July 10, 2011. However, it is midnight  in India and the launch is yet not on. The popup message is: 

Important

• Dear SpeakAsian,
• All of us have been waiting for this moment when the new website would be unveiled. In the next few hours the wait will be over as we would be upgrading and moving to our new website.
• Speak Asia Online Pte. Ltd.
  Address: 10 Ubi Crescent, #07-68, Ubi Techpark,
  Singapore 408564

Lucknow (Uttar Pradesh) Meet with Speak Asia, COO (India) Mr. Tarak Bajpai

Latest Updates & Announcements of 18 June, Lucknow Meeting with Speak Asia, COO(India) Mr. Tarak Bajpai

1. U get Exit or Continue option  when new website will be launched –if u Agree with all term & condition and want to work with speak asia than all your data switch over including your tree to new website . If u say No than company send your 11000/-  in your bank account back. Refund money depends on whatever cash u get back or not.

2. For achiever Mobile and LCD TV will not be send through courier now u can get it through directly from distributor .

3. LED TV will be provided in place of LCD to achiever.

4. U can book your ticket for travel through speak asia anywhere for u or other person and get rewards.

5.  U will get payout in 4-8 weeks till problem comes. for that we are trying to start banking transaction in India. Date not confirmed due to depends upon government working style. Most probably in July.

6. U can book advertisement and just select pin code where u want advertise and get rewards.

7. U can take Insurance policy through speak asia and get rewards.

8. Joining is starts now and we are going to touch 21 lacs panelist.

9. Speak Asia is not a any investment company where u invest and forget, here u do some activity than u get rewards so please do'nt use this word investment.

Many new activities comes in future.

So let say we are proud to be speak asian.

As posted by Rajesh at http://www.speakindiaonline.com/forum/topics/latest-updates-announcements?id=5257613%3ATopic%3A282028&page=3

Dear Rajesh:

All Haren Kaur's future plans for India are welcome. But first we want our money at least equivalent to the amount we paid to becoming panelists. That date as you state is 4-8 weeks most probably in August after they set up their office (permanent establishment) in India as opening of a bank account in India will depend on that. With the starting of a new website at the end of June, the company may be hoping for panelists to encash their RPs by buying products until the bank account becomes operational. Not necessarily. Once bitten twice shy. Majority of panelists would yet want cash for our RPs first. All the meets by Speak Asia is just to ease the fear and tension out of the minds of the panelists so that they continue or restart their recruitment drives. I would advise the public to yet wait and see as other than words nothing has physically  materialized. Then there are the Indian authorities too waiting on the sidelines. There is yet the question of Rs102 crores frozen in Indian banks of agent to be transferred to HVP and many more millions of dollars frozen in UOB, Singapore of which until now only $16 million (Rs80 crores) have been released as claimed by Speak Asia and mentioned on Star News. Until everything is normalized, Speak Asia is too hot to touch. One question will always come in the mind of the people as why does it continue to ask for 11k? The selling of e-zine is total crap. Again if it is not an MLM then other than Rs1000 as registration fees for life it should not ask for any money to make a panelist who then can do genuine surveys and earn or by participating in other schemes. After all no body is buying their surveys as yet which has no market value due to huge duplications where panelists have opened a number of sub-panels and doing the same surveys over and over every week. A single family member may be doing the surveys for all other family member-panelists. So these are not 100% genuine opinions.  Wonder what Bejan Daruwalla has to say on the future of Speak Asia and Harendra Kaur. Bejan has commented on the downslide of Congress, Manmohan and Sonia starting 2012, and that Anna would sit on the chest of the government and beat drums. There are yet too many ifs about Speak Asia. They got into trouble due to their own faulty planning and are trying hard to wriggle out of the MLM tag and to lay their hands again on all the frozen bank account money that they accumulated from India's 20-lakh panelists.

Speak Asia Speaks Half-Truths

Due to the exposures in the working of Speakasiaonline Pte Ltd, Singapore (SAOL) by Star News and Aaj Tak, on June 2, 2011, came up with a message for its panelists only : “compiled a list of queries arising from various sources and has put them in a FAQ format.” Source: http://assets.speakasiaonline.com/static_popup/news_0262011.html

These are half-truths with evasive answers. The company has agreed that Podium Rings International located in the tax haven of British Virgin Islands is the Holding Company. However, it yet declares Harendra (Haren) Kaur as the Global CEO.

According to their own version of FAQ, for joining SpeakAsiaonline (SAOL) FOR FREE, one has to pay 6k or 11k to Haren Ventures Pte Ltd, Signapore (HVP) for an annual subscription for EZINE TODAY. With this clever move, SAOL has made itself into an innocent “bakra”. The money from panelists via Franchisees/Distributors is not to SAOL but rather HVP who in return pays SAOL for marketing assistance services from Singapore with the use of SAOL portar. Great. Then from where had they accumulated $482 million Rs4800 crores at the time UOB froze their two bank accounts in Singapore? HVP is just a cover up.

The Service Tax department should confirm that the challan for the Service Tax paid is in whose name?

The distributors/franchisees who are the authorized representative of HVP Singapore not SAOL, are also required to provide basic training to Panelists for using the SAOL site effectively. Crap. They only provide you with the subscription code and then register you at SAOL portal for which they get 20 RP.  RP means Reward Points. Up to May 29 they were giving figures in $ and used to state that $1=Rs50. Panelists also register new applicants via their RPs in e-wallet. NO SERVICE TAX IS PAID ON THAT. Do these RPs get transferred to HVP?

Who had taken out the online message only to panelist via http://www.speakasiagroup.com/future-vision/speakasias-upcomming-future/

that there would be an increase premium panel rate from $220 to $299 and standard panel rate from $120 to $169 (surprisingly they continue mention dollars here as its is their earning, but as far as earnings of panelists are concerned they mention figures RP. Does that not tantamount to a Double Face?) to compensate for the additional expense in giving parallel income opportunity via e-commerce where all the product transactions will take place, service tax, corporate tax and storage media servers? Speak Asia Group of course. So Media and government departments should target all the SpeakAsia Group companies and not SAOL alone. The Podium company is also part of this group. Accounts of all such companies must be bared to the Indian Media for examination.

What is the source of earnings of SAOL of $82 million proclaimed proudly by its CEO, India at its press conference on May 16, 2011? Surely it cannot be from just providing marketing assistance services from Singapore to HVP with the use of SAOL portal. It has no advertisement based surveys yet. It has no clients to do surveys on their behalf. So what is it?

At http://assets.speakasiaonline.com/static_popup/news_0262011.html for the eyes of panelists only they have mentioned that they have two domains:

Precision Marketing in which “the company engages in filtered/narrow casting of marketing and sales related services. These services to name a few are providing survey panels, Advertising, lead generating and also sales.” None in the first year of operation.

The other is what they have crapping all along “is to provide knowledge, information and training to its panelist.” The knowledge and information is what a panelists gets to read via online EZINE/EBULLETIN on surveys already filled in. Where is the training? As earlier stated above, the same is the domain of the distributors of HVP who are only interested in imparting subscription codes for 6k/11k to new panelists and registering them on the portal of speakasiaonline for which they get paid 1k. All training programs are held by a mix of franchisees and panelist for which each attendee has to pay a fee. The idea behind these training programs is also to get panelists as referrals under whoever is conducting such programs.

Speak Asia continues to crap that they are creating a community of empowered sovereign consumers towards which I have already exposed their nonsense in my earlier posts. For this the company rewards them by RPs for participating in companies activities which to date is only online bogus surveys or for recruiting more suckers. Their plan at GEN-X Bazaar early May was to showoff to selected product manufacturing/selling companies their big panelist size of enthusiastic buyers out to use their E-Shopping Wallet to buy products online. According to Speak Asia there were 1.3 million panelists at this fair. I wonder at this figure as at the Press Conference later their India CEO had announced that they had roughly 1.2 million panelists!.

The above stated news article of June 2, 2011 has failed to give a statistical breakdown of these panelists. Every single panelist can have maximum of three IDs and under each ID a panelist can have 9 sub-panels. Every member of a family can be a panelist including kids so long as they are 14 years in age or above. All family members as panelists can register with a single mobile number, same e-mail ID, and same back account and each of these family members can have max of three IDs with 9 sub-panels. under each.  Most panelists are doing such that thinking that Speak Asia is a gold mine where each of the panelists has to simply do 30 pairs of similar surveys. It is all nonsense that each pair of surveys would be different. So how many panelist were actually their from there so called “Empowered Community of Sovereign Consumers”?

The way these so called "Empowered Community of Sovereign Consumers" are hitting out against all who criticizing the business module of Speak Asia in order that it continues to function like the goose laying  golden eggs from downline referrals (MLM) makes me wonder whether they should be better termed as Empowered Community of Sovereign Cheaters.

Another half-truth being thrown to the panelists is that since UOB has frozen/closed its accounts, it would take them 6-8 weeks to open another bank account in India. So expect no payments until then. No one is going to believe this shit. The actual reason is that the Supreme Court of India has listed their case for hearing sometimes in mid-July which is 6-8 weeks ahead and only after that can they hope to get clearance to operate. In that 6-8 weeks all requisite autonomous and government authorities will complete their paper work to give a “Standing Ovation” to SpeakAsia. The case will drag on and Speak Asia will come forth with some more half-truths for its panelists in order to prevent them in joining the fight against them. The RPs (reward points) will keep accumulating digitally on their portal only.

More information is required from you Haren dear of your group of privately held companies of not only statistical data but also detailed accounts audited or un-audited. Only on your clearing the cloud of doubts of your integrity via the various private companies floated to harness money from panelists would you be allowed to continue operations in India else be banned to Thy Kingdom Come.

Obituary SpeakAsiaOnline ??

Born May 10, 2010

Media-Paralyzed May 25, 2011

Much water has flowed since Star TV exposed the tip of the deceptive iceberg carefully laid by Speak Asia in India after the GEN-X meet in Goa on May 9-11, 2011.

Empowered Sovereign Consumers and Team India has been there theme. They stated that they wanted panelists to refer their friends as panelists or family members only who the panelists felt were fit to be empowered consumers. However, they have turned the Nelson’s eye when their panelists have used the medium of websites and blogs to go hammer and tong in recruiting panelists whom they have never seen or spoken let aside ascertain that there referrals were fit to be empowered consumers or merely to use the medium to increase their “investment” four-fold in a short span of 12 months. As far as Speak Asia was concerned the term Empowered Sovereign Consumers was a red herring as they allowed a panelist to have three IDs in one’s name with nine sub-panels under each; thereby, a person could get a tidy return from doing similar 30 pairs of surveys every week.

Team India was another red herring while the management and owners fleeced Indian panelists and Indian exchequer dry. After all they had not made their initial investment of $40 million not for philanthropic purposes. They entered India via their franchisees and distributors. There office was on the global net whereby they could bye pass all regulations of Reserve Bank of India, FEMA, Companies Act, Income Tax, etc. as they had no physical presence in India. Money was transferred to their bank in Singapore by their franchisees not in Singapore dollars but US dollars. What they may have missed is the bilateral agreement between India and Singapore on unearthing unscrupulous elements and their extradition. Their franchisees and distributors (which they called as their agents) collected all the dough and transmitted in dollars via ICICI and ING Vyasa Banks to the company’s UOB bank account in Singapore. All the talk that they are concerned for their panelists and their families would not have been nonsense if they had maintained at least a bank account in India to which part of their collections could be transmitted by their “agents” or from their account in UOB Singapore from where via online banking, payments could have been made to the accounts of panelists of their earnings in full (only for panelists online US$1=Rs50) without deduction of bank transfer charges of 3% with minimum of US$7.50 per transaction and then further currency conversion depletion when panelists’ banks credit the amounts to their respective accounts by purchasing dollars at Rs42 each and not Rs50. That is Team work where one thinks of each other and moves as an empowered group.

Press Conference of May 16, 2011

Who did the tutored India Management of Speak Asia think that they were addressing? Kindergarten kids or captive audience? They dumped 1.25 lac panelists from Bangladesh by saying that they do not have any operations in Bangladesh. All subscriptions codes to become a panelist are issued online by Speak Asia. Then why did they issue the same to the panelists from Bangladesh and later informed them by an e-zine to open bank accounts in the branches of Prime Bank?

They stated that 11k was being charged for an ONLINE SURVEY’S TODAY E-Zine that is sent by e-mail to the panelists. I never received one. Well the only online magazine is E-bulletin comprising of articles on each every survey that panelists have already done. What they refer to as E-Zine is their propaganda e-mails they send to panelists from time to time. On Imagine TV they had given a breakup of 11k as follows:

Rs                               Purpose

1000                `           Service Tax

1000                            Franchisee income

1000                            Referral income

2000                            Training Charges even when they charge for such training from applicants attending seminars and training programs.

6000                            Binary income up to 12 levels @500 per survey.

____

11,000

In the above, where is the component cost for that so called online magazine? That clearly means that you are paying 11k for doing surveys ONLY.

Again, in order to carryout their bluff of an increase in charges from May 20, 2011 by nearly 4k they changed the Service Tax component in above table to Registration Charges and played innocent that the service tax hitherto paid by their agent who now have to be paid by the panelists and that is why there was an increase in charges. STUPID.

As far as data collection from surveys is concerned they do not have a single client. Who in his/her right frame of mind would be interested in such data where panelists are given same surveys whether they are minors or young or old people and regardless of gender? Giving surveys to minors on owning diesel cars or that to girls and women on shaving blades. And as mentioned above where a panelist can have three IDs and open nine sub-panels under each. Who would be interested in such duplicacy? STUPID.

Speak Asia had used the concept of huge incentives to recruit panelists fast. Other than giving a one time 1k for each referral a panelist secured, 6k of the 11k charged was only for distributing binary incomes up to 12 levels. Look at like this. Starting operations on May 10, 2010, by November 2010 (seven months of commencing operations) it had just 1 lac panelists. However, by end of March 2011 it had 1.2 million panelists, an exponential growth of 11 lac panelists in just four months. The incentive for this exponential growth was the huge binary income. Such exponential growth emboldened Speak Asia to increase the enrollment and renewal charges by another Rs4000 starting May 20, 2011 on the pretext to pay for service tax hitherto paid by their agents and to cover the cost of setting up their own 42-server farm in Singapore on the lines of the Indian Railways to cater not only to their huge number of panelists being online but for a GEN-X online bazaar. What crap. A company makes such futurist investments from the profits it accumulates and not ask their paid panelists to pay more. I believe that in a single year of operations, Speak Asia has already accumulated billions of dollars as profits.

Off the cuff the management at the Press Conference of May 16, 2011 threw figures of US$80.5 million as their gross revenue as of March 31, 2011 having commenced operations on May 10, 2010. They also stated of an earning of $18 million from sale of their survey data, and having paid through their agents Rs68 crores in the same time, $35 million transmitted to panelists as survey and panel income, and having expended $9 million for marketing, training & business development in the same period. As of March 31, 2011 they had 1.2 million panelists. As of May15 the figure had jumped to 1.9 million most probably panelists jumping on to their bandwagon to avoid the proposed increase charges from May 20, 2011. Let us analyse these figures. Rs68 crores service tax @10.4% paid by its agents at Rs45=US$1 implies a gross revenue from making of panelists of about $145 million and not $80.5 million. What about the panelists who have used their online points/income to get new referrals as panelists? One can safely say that another 50% turnover was a result of the same on which no service tax is paid. Therefore, gross revenue would be $217.50 (for near about 1.2 million panelists some of which would be standard panelist having paid Rs6500). Now let us work out the rough profit and loss account.

US$ (in millions)         Details

217                              Gross revenue recruiting panelists.

  18                              Sale of their data as claimed by them

235                              Gross Revenue

Less Expenses

  15                              Service Tax (Rs68 crores) as claimed by them

    9                              Marketing, training & business development as claimed

  52                              Paid to panelists being binary and survey income

  76

159                              Net Revenue in 10 months. Their accounting year end is May 31

The above is the figure for 1.2 million panelists as declared at the press conference of May 16^th for period ended March 31, 2011. They added another 0.8 million panelists in less than two months the exponential growth factor being the proposed increase in charges by Rs4000. So they garnered another $ 106 million gross from new panelists of which only on 50% there agents would have paid service tax amounting to $5 million. The rest of the income would have come from panelists surrendering their income in panel and survey wallet to make new panelists while retaining the cash paid by the referrals. As of around May 20, 2011 they were sitting pretty on around US$260 million when their two bank accounts at UOB, Singapore got frozen on request from the Indian Government. As declared in their e-zine sent by e-mail to all its panelists on May 27, 2011, they had not made (or were unable to make) any payment to panelists beyond May 12, 2011.

My above calculations were made on the basis of figures provided by them at the Press Conference of May 16, 2011. However, their CEO by a message of May 29, 2011 has proved me wrong. He has stated that he has got $482 millions in the bank accounts of Speak Asia at UOB bank and that he can pay survey income for up to two years without new panelists joining. Read further crap here.

At the above stated blog it is also stated that Payment Requests will remain disabled till next week. For the fact at speakasia’s website one is only informed that payments have been suspended and panelists will be informed when the same are resumed.

Seems like either the management of Speak Asia or some Indian panelists who have already made a lot of money from Speak Asia are attempting to make fools of all and sundry. By Jove! The Indian Authorities are bound to kick their chuff.

Cheat India

The owners, management and panelists were referred to as being part of a team. However, they failed to reveal their accounts to the panelists. Any panelists daring to inquire about them or asking uncomfortable questions were blacklisted and their login IDs stopped functioning. Their survey and panel income was confiscated. To the best of my knowledge a case is pending in the Supreme Court filed by 20 such panelists from Kanpur and Delhi.

The emails (which is the only e-zine) sent from time-to-time by Speak Asia management including Harendar Kaur to panelists were just half-truths. Via their e-mails they clearly stated that panelists should believe only in what was stated in their propaganda e-mails and not what was depicted by the media or what was written at various forums of Speak Asia like speakindiaonline.com or mlmnewsblog.com.

The Rs11,000 being charged to become a panelist is inclusive of 10.4% service tax paid to the Indian Authorities. Excluding this service tax of Rs1036 and franchisee charges of Rs1000 per referral, the balance Rs8964 was transmitted to Speak Asia’s UOB bank by the franchisees through their bankers at dollar sale conversion rate of Rs45 to Rs47 which is around $190 to $200 per panelists. The panelist who got the referral got #20 online while the rest was retained by Speak Asia for future distribution as binary income, survey income and their profits. Their much touted training sessions or “Torch” meets were carried out by enthusiastic group of panelists who charged a fee for every entrant. Speak Asia spent nothing on such sessions. The owners and managements were guests of honor for getting a good crowd that paid for watching the event. Speak Asia had neither filed its balance sheet in Singapore nor ever disclosed the same to its panelists while all along using the deceitful term Team India, which I am now sure means Cheat India.

As if their share of profits from $200 retained/distributed by them was not enough from each the 1.9 million panelists as of May 20, 2011, they decided to go in for an increase of about $80 (Rs3950) from renewals and new panelists quite sure that yet they would reach their growth target of 10 million “empowered” panelists by December 2011.

Real Reason For Increase In Charges

The reason for the increase in charges from 11k to 15k to become a panelist is as explained by Manjeet to reduce the componential panelist growth factor from 5.42% reached by just getting 1 million panelists to 3.62% for the next million with further increase for the next million and so on. Speak Asia has already made its billions for setting up their own 42-server farm.

Well, well that is not to be Harendar Kaur. Your money making project stands paralysed as your bank UOB, Singapore, as frozen your two accounts as per request of the Indian Government pending investigation by various departments. They will remain so at least until July, 2011 when your case will come up for hearing before the Supreme Court.

Greed and trying to make a fool of the public got the better of Speak Asia’s senses.

They should have presented their business model right from day one to the media and public that paid surveys (or better still MLM as no one was buying their survey data) was Phase 1 to get the targeted number of panelists to start Phase 2 being M-Commerce. They must not have stated that 11k was for a non-existent E-Zine Magazine being mailed to panelists and should have kept the amount of joining fees at around 5k and not got further emboldened to increase fees within a year of operations. They should have had a registered office in India (be it not a company) and a bank account in India where part of their earnings from Indian panelists could have been retained to pay their panelists in full in Indian Rupees the income they had earned without deductions of bank charges and further currency conversion charges. Concealing facts from the media and their own panelists’ tantamounts to having something to hide. That they must never have done. They should have depicted at the website at least audited six-monthly accounts.

Honestly, I hope that they come clear only after mending their ways so that 2 million panelists from India do not suffer the ignominy of having wasted their hard earned monies.

Under what provisions of what Act, service tax of 10.40% is payable?

I think the Indian Government may take a shortcut by broadening the scope of Chit Funds (Banned) Act 1978 to include MLMs/Pyramid Scheme.

E-Bulletin.. Account at Speakasia Online Are these posthumous articles appearing after surveys on the same have already been done is what Speak Asia referring to as E-Zines for which they are charging 11k from each panelist? ENOUGH IS ENOUGH.

Electric Geyser

Mobile Tariff

Dish Wash Bars

Diesel Car

Car Audio

Liquid Shoe Polish

Union Railway Budget

Heel Care Products

Bike

Touchscreen Mobile Phones

Health and Fitness

DND (Do Not Disturb)

Men's Shirt

Mobile Number Portability (MNP)

Mobile Advertisement

Herbal Toothpaste

Personal Skin Care

Windows Operating System

Liquid Mosquito Repellent Machines

Mobile Banking

Dish Wash Bar

Mineral Water

Mobile Telecom Operator

Internet Advertising

DTH V/S Local Cable Service

Food Inflation

Telecommunication In Modern Day World

Opinion - Has The Worlds Cheapest Car Nano Failed To Deliver

Internet Banking

Tariff War - Telecom Space In India

Men's Fairness Cream

Airtel Image Makeover

Packaged Milk

Television Censorship

Liquid Mosquito Repellents

Credit Card A Necessary Evil?

Most Trusted Mobile Manufacturing Company In India

Future Of IPTV In India

Cyber Security

Customer Service/After-sales Service

Consumer Spending Pattern In India

Business directory portals in India

Online Transactions

Most Effective Media Of Advertising

Internet / Web Browsers

Insurance companies in India

Insurance products in India

OTC Cough & Cold Brands in India

Adhesive Products

Commonwealth games

Debit Cards

Digestive Medicine Tablets

Baby Food

Confectionery Market

Consumer Preference of Medicine

Consumer AC Purchase Behavior

Evaluation of Inverter usage in India

Pain Relieving Balms in India

Awareness of Inverter Brands in India

Awareness of Online Travel Booking Websites in India

TV Channel viewing pattern in India

Journey of the TV

The Music Systems

The communication revolution

Gearless vehicles

Automobile sector in India

How to write effective online surveys?

What are Online Surveys

Speak Asia Will Win The Battle?

Dear Fellow Speakasians,

Together we have worked very hard, night and day, to build a Brand, which has positively transformed the lives, of Lakhs of families across India in less than ONE year. There are so many heart-warming stories of personal triumphs and financial successes amongst the 19 lakh panellist community all across India already and we are poised to take the Brand into its India based operations phase.

This was achieved by our investments in IT systems/Infrastructure along with the pride and passion of Panellists and our Sales and Support staffs in India and Singapore, who are inspired with the Big Vision of creating a Global online business model FROM India and very soon becoming Asia's largest sovereign panellist community of empowered consumers.

The vicious media disinformation campaign, prompted by business rivalry, started at the closure of the successful and unique GenX Bazaar, on 11 May 2011.

We responded by proactively reaching out to the various Indian Govt. authorities, including the PMO on 15 May 2011 by email, requesting a thorough investigation into our business. This is to satisfy the authorities that the company was properly looking after the interests of all SpeakAsians, be it our Panellists or hardworking staff in the field. Our proactive action, is keeping in mind YOUR business interests, forever in the days ahead.

It has been brought to our notice, by our banking contacts, that despite the fact that authorities, have not replied to us formally or responded to our emails/letters of 15th till date, unfortunately, some Banks have temporarily frozen accounts of our India based agents.

Due to the media noise, on 25 May'11, UOB Bank at Singapore has also pressed us, for closure of our 2 Bank accounts within 2 days, without giving us the chance to present our case or even listen to us. Please note, in order to set up a seamless International Banking Gateway like the one at UOB Bank, takes at least 6 to 8 weeks of interbank and managed IT infrastructure coordination and implementation.

IMPACT:

All the payments processed by Speakasiaonline between 13 to 20 May 2011, have been held up because the TT's have not been sent from Singapore to India, by the UOB Bank. On enquiring urgently, they provided us with a closure letter dated 25 May 2011. Please be assured, that the Account Balance at Speakasia's UOB Bank accounts, is for and behalf of our Panellist, Vendors and Staff. Whilst ALL the payments due to our Panellist community, is banked at UOB Singapore, nevertheless we have also urgently requested the UOB Bank and our law firm, to move the UOB Bank balance on the closure date, into a new Bank account or a Client Escrow account, to be held on behalf of the Panellists, Staff and Vendors of Speakasia ; An Escrow account would ensure certainty along-with the law firm's supervision that the panellist money is kept for your benefit and stand the scrutiny of any authorities. (An Escrow account is an arrangement where an independent trusted third-party (bank) receives and disburses money and/or documents for two or more transacting parties, with the timing of such disbursement by the third-party dependent on the performance by the parties of agreed-upon contractual provisions) Due to these banking account related actions we have been FORCED to temporarily delay our normally prompt payout cycle, pending set up of new banking operations and clearance from the authorities. NEXT STEPS: We are moving the Supreme Court against the govt. Authorities and concerned Banks, for taking this SUO MOTO (without asking for clarification) action, without paying any attention to the interests of our Panellists, Vendors and Staff and their families; We are prepared with all records, for submission to the authorities, if and when they communicate their requirements to us. Also we have written to them asking for an appointment to explain our case. This has been a most disrupting experience for us ALL and we are MOST concerned about the disruption to your bank accounts and/or finances, that these actions prompted by the malicious media activity, thereby forcing the authorities have caused to us. We will update you with progress daily, through our website, our staff and Helpline. Please DO NOT pay attention to any other sources of Dis – information, which are designed to mislead and upset you and your families. We request all the panellists; to be with the company and have faith during these troubled times. We reiterate, that when the company had proactively gone ahead in order to submit the facts in front of the Govt. of India and authorities, then all the false allegations raised against us by various agencies, some of whom are competing unfairly with us, should not be allowed to prevail. As already committed by the untiring management team in India, in the press conference of 15th May 2011, we have initiated the setting up our PE (Permanent Establishment) through a Branch office in India, so that the wrong allegations about our being suspect because of our Singapore origin, will be silenced once and for all time to come. The entire company and its management is HERE TO STAY and are fighting, for our Panellists, Staff and Vendors and their families. We are sure to win this battle together!!. Ms. Harendar Kaur Chairperson & C.E.O

Welcome to Speak Asia - Asia's Largest Survey Group

The Program of Paid Surveys and proposed M-Commerce stands suspended. Please check back in August, 2011. I am answerable to my downlines as to when Speak Asia will pay up.

Speak Asia is playing games with the dues of the panelists as their bank account in Singapore and that of their agents in India have been frozen by the respective governments as Speak Asia had the smell of a MLM business. They propose to launch a new website in July offering white good for which panelists can burn their RPs. For all you know, until confirmed, SAOL may redeem RPs in the ratio of 60:40 i.e. 60% for buying their displayed white goods by their own marketing company YUG and 40% encashment of the RPs. Due to tight liquidity the encashment can be delayed for months.

My contention is that A Company is a separate entity by law. We panelists are neither shareholders nor staff of the company SAOL, paid a salary. Our services have been hired to do surveys for the company just like an advertisement company being hired for carrying out advertising campaigns. We are entitled to demand our contracted amount having regularly done surveys diligently. SAOL is often used the term "Team India" to fool the panelists in thinking that we all are paid staff of this company. We are not. For a upfront fee we have been contracted to do something for the company and that is doing surveys. Whether the company had an outlet for such surveys or not was no concern of ours. That’s it. Pay up or request the governmental authorities to setup a mechanism to pay up our accumulated RPs with the minimum of 6k/11k to those panelists who have not made more than that, from the bank accounts of the company, SAOL/HVP.