Citizens' Issues
Speak Asia site becomes partially functional, only for viewing

Contrary to claims by Speak Asia and its panellists, the company’s servers were never taken over by EOW as they are located in Singapore

Even while the investigation against ponzi scheme Speak Asia, which duped people by promising easy income, is speeding up, company’s website which was non-functional for past few months, has become partially functional as it is allowing agents to log in and check their status. However, no transactions or changes are possible on the website.

Sources from the Economic Offence Wing, Mumbai and Hyderabad have confirmed that Speak Asia’s site is registered outside India and its server is located in Singapore, therefore they (the investigating agencies) have no authority to take it over. “(Speak Asia) Server is in Singapore and never officially controlled by EOW. So no question of handing back (the server),” said a top official while replying to comments by some Speak Asia panellists that EOW has handed back its server and so the site is functioning again.

Some agents, citing an official letter from Speak Asia, have been saying that since their server has been taken over by EOW, they cannot send surveys to panellists. (read more… Speak Asia says cannot send surveys as server is in police custody!).

According to the information from the EOW it is now clear that they never had taken control of Speak Asia’s server. Then the big question is how and why the company stopped sending surveys to its panellist? This also means that either the company itself or its big agents have been lying about the server and surveys. Speak Asia stopped sending surveys from 13th May and have also not paid any money since then.

As we have mentioned earlier, the company has not paid a single paisa to panellists since 13th May and owes them about Rs2,280 crore. This is the very same company, whose officials in a press conference in Mumbai had claimed Speak Asia was backed by very good technology and had plenty of servers to send the surveys.  

The multi-level marketing (MLM) company came under the scanner of investigating authorities after it became known that it was promising easy income by merely filling online surveys. Interestingly, Speak Asia continues to claims that it would shortly set up permanent establishment with five zone offices in India.
Meanwhile, EOW is investigating the matter to build a case based on concrete evidence. Agencies from major cities such as Mumbai, Hyderabad, Delhi, Pune are currently involved in investigating the affairs of the MLM company.

According to the sources, major investigation was to find out the trail of money.
All panellists of the Ponzi scheme are eagerly waiting for their money they had ‘invested’ in Speak Asia for earning huge returns. According to investigative reports, almost half of the money collected by Speak Asia was transferred to Singapore, while the rest may still be in India.

The EOW had arrested Speak Asia’s financial consultant Sanjeev Dandona and Nayan Khandor, a Mumbai-based Web designer responsible for designing e-surveys. It was revealed that the survey, which the company used to send to its panellist were designed in Mumbai itself and not in Singapore as claimed by Speak Asia.

Meanwhile, according to the reports, the chief operating officer of Speak Asia, Tarak Bajpai has become untraceable after he was granted bail by Vijaywada Court. Speak Asia’s chairperson Haren Kaur and CEO for India, Manoj Kumar and several other top officials are still at large.

User

COMMENTS

Hemant

6 years ago

money life is also a big scam in india

prajeevkumar

6 years ago

speakasia payout starts from 21.11.2011 so plz keep your mouth shut anti speakasian.

REPLY

jutamaro

In Reply to prajeevkumar 6 years ago

In the Case before Supreme Court on Nov 17, 2011, there was no mention of a Mr. Prajeev Kumar either as judge or advocates for petitioner or sweeper or peon or court typist or ....... What was your role there or are u passing on news from the propagandist Ashok Bharwani of AISPA well known to twist all facts so that pro-speakasians keep dancing to his tune, or from Jonathan James of United Speak Asia?

By the way has your Singaporean CEO agreed to infuse Rs2500 crores to RBI or to the committee to be headed by Retd Chief Justice Mr. Lahotia?

Please, please, please tell me with written proof of PMO, ED, EoW, etc. etc. that I am going to get paid my accumulated RPs of about Rs40,000 which is inclusive of interest due to delayed payment by Speak Asia for whatever reason, and that I will also get back 22k as Exit Option for two family IDs. I will then stop posting my thoughts at all forums. IF NOT THEN U PLEASE SHUT YOUR MOUTH ATTACHED TO AN IDIOT'S HEAD!

Kishore

6 years ago

American MLM Company MONAVIE in Kerala

http://www.monavie.com/

'Monavie' reportedly enrolled 1 lakh members from Kerala. They are also reportedly collecting upfront charges.
racketeers who with the earlier money chain companies are now secretly working for this company.
(INDIAVISION TV REPORT)

The Congress led UDF Government’s new direct marketing guidelines are made only to protect these types of companies.

REPLY

Kishore

In Reply to Kishore 6 years ago

members of now disbanded money chain rackets are now secretly working for American MLM companies

jutamaro

6 years ago

No major development is going to take place in the Supreme Court on Nov 14, 2011 as the Enforcement Directorate along with other investigating agencies are going to request up to the end of December for completion of investigations. Read all this at http://www.livemint.com/2011/11/12000035...

As for Speak Asia's site being operational that was a neon lighting for just two days and then the fuse blew off again. Their propaganda popups were still there starting way back to July, 2011 as were the online queries by panelists. All that would have been removed had they handed over the site to EoW. This just proves that the site was always under the control of Haram Khor, Global CEO.

myfatcash

6 years ago

I find it so strange that the EOW had to comment now that SAO's server is not in their hands. Why didn't they speak earlier? The panelists were led to believe the the server is in the hands of the EOW, but now, after more than 2 months, the EOW say that no such thing had happened.

Why were they quiet? Were they not aware of this news ?

Kishore

6 years ago

MLM Company selling Insurance products?

http://www.vcaremultitrade.com/

commented by A.K. Basu. Plz read:

http://moneylife.in/article/speak-asia-w...

jutamaro

6 years ago

First of all Speak Asia had no servers of their own towards which in April they stated that they planned to increase subscription price for new panelists and for renewals. THAT WAS A LIE as they are hosted on Godaddy.com and is registered with them and their Data Center is at:
USONYX PTE LTD
33 Ubi Ave 3 #05-04 Vertex Tower B
Singapore 408868

Telephone: +65 6223 1838
Facsimile: +65 65090055
Email: support@usonyx.net
Web: http://www.usonyx.net

All this nonsense of having a server farm with IBM servers in USA is LIES.

Secondly, the PMO office had stated of getting their computer specialists to block the website from airing in India and/or get the contents of panelists on the same together with other details. Fearing the same Speak Asia had simply suspended their website operations and conveniently lied that their non-existent servers and their website was in the hands of EoW. ANOTHER LIE.

Now with the Supreme Court having set up a committee under Retd. Chief Justice, Mr. Lohati and thinking the case is going in their favor, Speak Asia has allowed the site to come into operation partially. However, no surveys as those who made them in Mumbai and Delhi are in police custody along with their hardwares. However, Speak Asia continues to state that this is so because EoW has yet not released the website. ANOTHER LIE.

Along with these lies to brainwash their panelists, Speak Asia has got AISPA and Jonathan James of United Speak Asia to continue through courts to get recognition for Speak Asia to continue their ponzi/pyramid scheme that would now include e-commerce of unbranded products.

The panelists are going to be suckers if Speak Asia is allowed to operate unconditionally as the accumulated RPs totalling around Rs2500 crores will be either written off via an Exit Option or forcibly transferred to Shopping e-wallet for purchasing their unbranded products. What with the customs duty and accumulated demurrage, these products will now be more expensive. Other than Exit Option there will be no cash payment of RPs. They will continue to CHEAT.

REPLY

myfatcash

In Reply to jutamaro 6 years ago

There's no doubt about the fact that Speak Asia lied to us from the beginning. Now, in order to cover up the first lie, they are telling more lies.

adarsh

6 years ago

u are soon going to face the consequence of ur misdeeds. be prepared to face your karmas.

munnabhai

6 years ago

Sucheta Dalal aur moneylife digital team ko ab koi kam nahi hai,isliye aisi zuti khabre chhap dete hai.
last month jo result supreme court ne diya aur kal hi jo bail apliacation high court ne grant kari,use is artical me kyu chhapa nahi gaya.
Ab sare hearings hone do,speakasia ki legal team,digitally inke phiche padegi na tab inko dal ate ka bhav aur sach jhut khabar ka antar pata chalega.
Aur last me panelists inki marenge wo to bonus hai inke liye......
HA ha hah hahah..

prajeevkumar

6 years ago

shame on moneylife.
speakasia will rocks again.
jay speak asia

REPLY

lol

In Reply to prajeevkumar 6 years ago

are you a head load worker, carrying rocks on your head?

hahahahaha

Prajeevkumar

In Reply to lol 6 years ago

No, i'm a deprived worker of Money & life as i'm carring crooked substances on my mind !!
Hahahahahahahahaha.........!

lol

In Reply to Prajeevkumar 6 years ago

"The crooked mind will not prosper; the lying tongue tumbles into trouble"

hahahahaha

vikram

6 years ago

hello donkeys moneylife.keep u r mouth shut and get lost.if u have guts give these news after 14th nov.we speakasia will win in superme court for final verdict. i m proud to be speakasia

REPLY

Keke

In Reply to vikram 6 years ago

Vikram,

go and till the land that would be better.

Proverb:
Whoever works his land will have plenty of bread,but he who follows worthless pursuits lack sens
(sens : A fractional monetary unit of Japan)

sumit

6 years ago

u money life people r simply untolerable...if u cant provide employment 2 common people then don't criticise other's efforts and dont even try 2 break common people's mindsets coz u only bark n nothin else ...got it u A** H***S....

raj

6 years ago

ha hah hahahahaha......gud joke by moneylife.....pls keep posting such type of joke to keep our mind fresh....ha haa hahahhahaha......cant stop laughing....

Right to Earn a Living

6 years ago

New Delhi: Suddenly, after getting aware about the re-functioning of the online survey website, Speak Asia Online the woes of more than 1.7 million panelists seems coming to an end.

However, company didn�t make any such announcement over official website.

This matter was never being discussed earlier but now, it has become the hot topic around the coffee table.

Last year, the online survey company entered the Indian market and opened the innovative front to earn money online and turn out to be successful company and with in no time it has attracted around 1.7 million people as its hardcore followers.
No sooner it became the name in the household, it got eclipsed as the company�s bank accounts were seized and the website site became dysfunctional.

This malicious propaganda has developed doubt in the mind of the masses which resulted to be a negative impact across the country, where scams have become uncontrolled and are of no use to a common man.

Whereas, this survey company moved with a single objective to offer returns to its panelists.

As per the Speak Asia officials, company�s board of members have explained the business model of the company, which has been comparing to that of Ebay, where investor gains the benefit. This was presented before honourable Justices Dalveer Bhandari, Justice Deepak Varma & Justice Gopal Subramanium.

While, as per the latest updates company also informs that they are willing to pay their panelist as they have sufficient funds to pay back, for which Supreme court has appointed retd Supreme court judge to supervise the committee for all payment proceedings.

While, The next hearing for writ petition (civil) case no 383/2011 is expected on 14th Nov 2011.
Presently, when we are clouded with corruption and Speakasia is the company which is running around the court for the benefit of its panelists.

Company has full faith in the functioning of Supreme Court. Now we are standing at such a position, where one needs to wait and watch the verdict going for or against the company.

Let�s wait for the updates.
Source: http://www.pardaphash.com/news/wait-n-wa...

REPLY

Kamini

In Reply to Right to Earn a Living 6 years ago

Justice Gopal Subramanium ?

Right to Earn a Living

In Reply to Kamini 6 years ago

I had copied all true news from mentioned source, typing error of another writer, News agency named " Pardaphash" In fact, the correct is Justice Gopal Subramanian !!

Kamini

In Reply to Right to Earn a Living 6 years ago

Justice Gopal Subramanian ? !!

Right to Earn a Livelihood

6 years ago

As per money life's blessing:- Ponzi Scheme company: All accused official get anticipatory Bail for Hon. High Court (Mumbai) !! Haa ah ah ah ah ah ah ah !!

Kudunkulam confusion: Alternatives appear

Former bureaucrats and engineers have come up with suggestions of alternative models, which are clean and substantially cheaper

Following former president Dr APJ Abdul Kalam’s spirited defence of the upcoming nuclear plant in Andhra Pradesh, activists and sector experts have all offered their views; and have written to Dr Kalam for reconsidering his position. Meanwhile, former bureaucrats and engineers have come up with suggestions of alternative models, which are clean and substantially cheaper.

Former IAS officer G Devasahayam, who had criticised Dr Kalam’s logic, has joined an ‘expert committee’ group formed by those opposing the Kudunkulam nuclear plant. He said, “KNPP has not yet gone critical (meaning fuel has not been loaded and fired). The central government should therefore seriously consider fuel-switching from nuclear to coal or gas. According to energy experts this is very much possible and feasible. Only that the reactor needs to be replaced by boiler and if necessary have a turbine also.”

Instead of nuclear power, he opined that the wind energy farms in the nearby regions of Kanyakumari and Thirunelveli districts in Tamil Nadu may be utilised to generate power. “Large wind farms with installed capacity of about 4000MW. When these were installed 1MW required four acres of land. Now the need is one acre only for 1MW. By going in for re-powering and re-engineering adopting modern technology large land under wind farm could be released and about 2000 MW solar thermal power could be installed on this land,” he said, adding that wind, solar and biomass energy together can provide enough power for Tamil Nadu and export to nearby states.

A National Academy of Engineering fellow and former Konkan Railways MD Rajaram Bojji is a well known innovator. He claims he has an alternative model ready, which can be completed within six months; which would utilise the sea waters’ energy to generate power. He said, “It is false to say we do not have any alternative. With only 30% of the coast line of India, we get 100GW of power at an investment of Rs5,00,000 crore. It is economical and cheaper than nuclear power and comparable in cost to thermal power. This I told in my Paris conference while presenting my peer reviewed paper in May 2011.”

Mr Bojji said that earlier, he had sent his paper to the Planning Commission, and his paper was forwarded to Indian National Academy of Engineering (INAE). However, now his designs are ready and he has explained the whole process, but the government hasn’t responded. He said that the government is trying to force another power plant in Ratnagiri, despite the Netherlands issuing a statement expressing a doubt about French nuclear technology. Mr Bojji claims that instead of spending over Rs20,000 crore on dubious foreign technologies, his design can be set up without any import; and he is ready to use his own funds for the pilot project.

User

COMMENTS

S H Subrahmanian

6 years ago

I'm from Tirunelveli. My colleague and renowned former DAE scientist Santhanam has vouched that 'none could guarantee that there would be no accidents'.No wonder Dr Kalam has failed to convince. The real beauty is Manmohan 'now trying find where the finances come for protestors'! Former Secretary of State Condelesa Rice has now openly come out on PM's reluctance on Indo-US N Deal. He had to try by all means to save his government! Let's remember one fact: The protest is even before proposal stage way back. Also Kalpakkam had 4 mishaps. Let Centre settle and rehabilitate the 'poor villagers' out of a 30 Km range and then think of commissioning the plant! But not over dead bodies, please. Even Kakodkar the main brain couldn't answer our queries in a recent meet in Nehru Centre on Jaitapur.

MUKESH

6 years ago

NUCLEAR POWER SHOULD BE BANNED GLOBALLY. EVEN IF ITS CHANCE OF DISASTER IS 1-IN-1 MILLION!

WHEN THAT CHANCE HAPPENS, EVEN GOD CANT DO ANYTHING. WIND, SOLAR & MANY OTHER FORMS OF ENERGY ARE AVAILABLE IN ABANDANCE & ARE THE SAFEST FOR THW WHOLE WORLD.

Srinivasan

6 years ago

Now all the retired bureaucrats like devasagayam, rajaram want to get a media limelight using this opportunity, by providing ideas which are not proved. All these retired bureaucrats were sitting pretty enjoying their perks, during their powerful days. Since nobody cares for them now, they are coming with some negative reports to catch the attention. They should know, India has got better scientists with real-time experience on this nuclear and energy segment.

Look out, Mr Antony, Little Brother is watching you

One of the biggest-ever defence contract for 126 fighter jets worth a huge $11 billion will be closely watched for any signs of corruption in the deal. Mr Antony and Dr Manmohan Singh and Sonia Gandhi better watch out as at the first sign of corruption, the whistles will be out and blowing loudly across the land

India is finalising one of the country’s biggest-ever defence contracts. The order is for 126 fighter jets worth an immense $11 billion. These jets are meant to replace the country’s ageing fleet of MiG 21s, which make up one-third of the Indian Air Force’s jet fighters which have been crashing regularly for no other reason but that they are aged.

Originally six companies and consortia put in bids for the tenders which were announced in early 2011. The six were: Dassault of France which is offering its Rafale jet fighter; a consortium of the pan-European EADS, BAE Systems of the UK and Finmeccania of Italy. This grouping is offering the plane called the Eurofighter Typhoon; Lockheed Martin of the US bid with its F-16 fighter aircraft; Boeing of the US which placed on the table its bid to supply the F-18 Super Hornet; Saab of Sweden offered its Gripen fighter and Russia which wanted to sell its MiG 35.

India made a shortlist of two in April this year: Dassault’s Rafale and the Eurofighter Typhoon of the pan-European consortium. The bids for the shortlisted two fighters were opened last Friday. No details have been released as to what the bids offer.

The defence ministry, it is understood, will evaluate the bids on the basis of three criteria: The cost of acquisition and what is known as the “life-cycle cost of the aircraft” and “military offset considerations.” The last criterion covers the extent of technology transfer and the investment the bidders will put into the country’s defence industries if they are chosen.

According to informed sources, the two US companies lost out because they did not offer their latest and technologically most advanced jet fighters. The controls imposed by the US government on transfer of technology to India also came in the way of these two companies.

India’s jet fighter order is stated to be of vital importance to the shortlisted bidders. Both are looking for export markets since defence budgets are shrinking in the developed world.

The Eurofighter Typhoon has four main customers: the UK, Germany, Spain and Italy. Austria and Saudi Arabia also operate the jet. But military sources say there are no other firm export orders for the Typhoon at present.

The stakes are said to be higher for the Dassault. The Rafale came out as France’s decision to pull out of the pan-European project with Germany, the UK, Spain and Italy to share the development costs of a new fighter that ultimately became the Typhoon. The Rafale has no customers outside France. Dassault is hoping to sell the Rafale to Brazil and the United Arab Emirates.

All this is fine and till now everything is going by the book. But the future could be worrying. The financial well-being of both the shortlisted bidders depends heavily on securing our order. Therefore, the cynic would be justified in warning that there could be ‘pressures’ a la Bofors on the politicians, bureaucrats and Air Force bigwigs deciding the deal.

And then, $11 billion is a huge, humongous amount of money. When such money changes hands, it is but human nature that some of it will adhere to sticky fingers and become unstuck in a ‘safe’ banking haven in Switzerland or the Cayman Islands or Bermuda.

Luckily, perhaps, we have a supposed incorruptible in AK Antony, the defence minister. And we hope that he will continue to maintain his reputation while dealing with this order.

Still, we at Moneylife and in the huge Indian press as well feel constrained to issue a warning.

We will be watching this deal very closely. We assure Mr Antony and Dr Manmohan Singh and Sonia Gandhi that we will be able to sniff out the first odour of corruption in this deal. The press has its sources of information.

So the trio had better take care. At the first sign of corruption, the whistles will be out and blowing loudly across the land.

(R Vijayaraghavan has been a professional journalist for more than four decades, specialising in finance, business and politics. He conceived and helped to launch Business Line, the financial daily of The Hindu group. He can be contacted at rvij10@yahoo.com).

User

COMMENTS

partha

6 years ago

Well said sir,there must be atleast someone who should look into the defance deals very closely if corruption is taking place thus hampering and risking the countries soverignity.The corruptors should be life sentenced if found guilty.

bijen

6 years ago

are you guys serious, this is such an old news on 4th they have opened financial offers too and finance ministry has revised its estimates which is now more than $11bn...and btw the picture used in the article is of F-16's...which are out of the race, you magazine has potential..but it seems you guys are simply not interested ..just doing thing for the sake of doing it....not good...m talking abt attitude..anyway even article is not tat fantastic..just an ordinary one...don't want to break authors heart..defence is different from politics, finance and business u c...

bijen

6 years ago

are you guys serious, this is such an old news on 4th they have opened financial offers too and finance ministry has revised its estimates which is now more than $11bn...and btw the picture used in the article is of F-16's...which are out of the race, you magazine has potential..but it seems you guys are simply not interested ..just doing thing for the sake of doing it....not good...m talking abt attitude..anyway even article is not tat fantastic..just an ordinary one...don't want to break authors heart..defence is different from politics, finance and business u c...

vigour

6 years ago

Though the article is more on corruption, the information is very benign in regard to the MMRCA deal. Most of the topics lack details, and information also is little away from facts.

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