Income-Tax Department on Speak Asia trail

A few hundred crores frozen and more shell companies discovered; despite an RBI warning, a number of banks opened up only to the I-T authorities on these Speak Asia accounts—and what was the Financial Intelligence Unit doing?

The Income-Tax (I-T) Department has stepped into the investigation into the Singapore-based money circulation scheme called Speak Asia, which has ensnared a massive 19 lakh gullible Indians into paying Rs11,000 each and become "panelists".  Moneylife learns that the I-T investigation began in June and it has written to two banks-ICICI Bank and ING Vysya-for more information on the various front entities, registered in India, which helped Speak Asia collect money and remit it overseas.

More shockingly, sources in Delhi tell us that banks may not have been as careless about allowing Speak Asia's shady operations as it has appeared. We learn that some of the banks had filed multiple Suspicious Transaction Reports (STRs) to the Finance Ministry's Financial Intelligence Unit-India (FIU) as required under the Prevention of Money Laundering Act. These reports are supposed to alert the government to money laundering and terrorist funding. There is no indication of the FIU having acted on these reports although over Rs500 crore is understood to have flown out of India to Speak Asia's Singapore entity.

We also learn that the RBI (Reserve Bank of India) had issued a bland circular to all banks on 23 May 2011 about Speak Asia's modus operandi and warning them to be careful while opening account for such schemes since they fell under the purview of the Prize Chits and Money Circulation (Banning) Act of 1978 or face stringent action. Interestingly, while the banks have maintained that they have no accounts of Speak Asia, they have been a lot more forthcoming to the tax authorities and revealed many more names, which opened accounts for Speak Asia related entities.

Another significant discovery is that apart from Tulisyat Tek Pvt Ltd (which, as Moneylife reported earlier, is an account-holder with ICICI Bank), Speak Asia had at least two other core accounts which were used to remit funds abroad. These were Kritanj Management Services and Star Enterprises. These in turn received funds from at least 20 other entities in various banks. Our sources say that the core accounts received large fund transfers from a host of banks including Allahabad Bank, Citibank, Yes Bank, HDFC Bank, State Bank of India, Axis Bank and others. We learn that hundreds of crores of rupees were first pooled into the accounts of Tulisyat Tek and Kritanj Management Services and then transferred to Haren Ventures in Singapore.

On 16th May, Moneylife wrote that although Speak Asia is registered in Singapore  (all its senior officials carry visiting cards with Singapore addresses only), it has other fronts in India such as Speak India Network Marketing P Ltd, (registered in Mumbai, with Indian Directors) and Speak India Online. We also wrote that these companies had accounts in ICICI Bank and ING Vysya and money collected in these accounts (from people who paid Rs 11,000 per identity in the hope of earning absurdly high returns and taking the chain forward) was transmitted to another Mumbai-based company called Tulsiatek (the correct name of this company, we now know, is Tulisyat Tek Pvt Ltd). This company in turn transferred the money to a Singapore-based entity called Haren Ventures Pte owned by its shadowy promoter Harender Kaur. The only time Ms Kaur, owner of Haren Ventures, has made a personal appearance in India is at its mega-bash at Goa. Haren Ventures claims it sells an e-magazine on survey at an exorbitant price.

To recap, Speak Asia originally claimed to pay panelists for filling out e-surveys for clients. However, at a press conference in Mumbai, when the company was unable to name its clients (and those it named, like ICICI Bank and Bata denied giving it any business) it suddenly claimed that the Rs11,000 collected from each panelist was subscription for the e-magazine.

As the investigation continues, various authorities are probing the people behind these many accounts. While the Ministry of Corporate Affairs pretended to conduct an investigation and gave it up claiming it did not have powers, the Finance Ministry has also been caught napping if the Financial Intelligence Unit failed to act on suspicious transaction reports sent by banks.

The FIU is a national agency that not only receives and analyses suspicious transactions-it also coordinates and strengthens "efforts of national and international intelligence and enforcement agencies in pursuing the global efforts against money laundering and related crimes".

The irony is that millions of Indians are being looted everyday by money circulation and Ponzi schemes at every strata of society but the government has no interest in strengthening legislation to enforce the ban on their operation as envisaged under the Prize Chits and Money Circulation (Banning) Act.


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    COMMENTS

    Vinay Joshi

    8 years ago

    Let's wait & watch!?

    Sunder K

    8 years ago

    Ponytail's strategy is a regular trick. SpeakAsia has sent Moneylife a legal notice (and some TV channels). we'll fight but its irritating

    Twitted by Sucheta Dalal on 22nd June

    Kishore N

    8 years ago


    MLM - FRAUD

    http://www.klinkindia.in/

    Money chain cheating in Medical Field - Asianet News Exclusive

    http://www.youtube.com/watch?v=HqS2pHeG4....

    robin

    8 years ago

    To
    Suman Mukherjee
    It seem to me that you have been analyzing the whole situation. I just want to ask few questions.
    1. Its been about to 2 months why govt. hasnt come up with any action or words for the public till now? In last 2 months another thousands of people have joined.
    2.WHy not govt. simply declare it either a scam, fraud or ponzi scheme?
    3. Why there isnt any reports about various other survey companies which are duping people? There are more than dozen other such companies which combined members would be double than SAOL.
    4. Govt. said they cannot take action against SAOL, but there are still so many franchisee operating in the country in almost every big cities, so why no action against them?

    Kishore N

    8 years ago

    Take Action against MLM companies - HIGH COURT OF KERALA

    According to various media reports a division bench of Hon. Kerala High Court directed the Police to take action against money-chain MLM companies even if there is no complaint.

    B V KRISHNAN

    8 years ago

    The people who put their money into the Speakasia scheme are equally to be blamed for not conducting a due diligence before parting with their money. It is astonishing that well-read people do not exercise a fraction of the caution they exhibit while buying vegetables, before shelling out thousands of rupees into these fraudulant schemes.

    Kishore N

    8 years ago

    AMWAY meeting BANNED

    Kerala: Police banned the meeting of AMWAY which was to be held on a Hotel in Thrissur.

    According to reports about 300 Amway distributors were already arrived in the hotel. But the Police declined to give them permission to conduct any meeting anywhere. The Kerala Police is taking all measures to stop the illegal money-chain business. The state of Kerala is now witnessing Networking scam called "money-chain scam".

    The Director General of Police cautioned people of Kerala against the illegal Network marketing.

    john

    8 years ago

    *जिंदगी की असली उड़ान अभी बाकि है !*

    *जिंदगी के कई इम्तेहान अभी बाकि है !*

    *अभी तो नापी है मुट्ठी भर जमीं हमने !*

    *अभी तो सारा आसमां बाकि है !!*

    john

    8 years ago

    A little knowledge is a dangerous thing. So is a lot.
    Pleeeease, help me!

    Suncool Tinting

    8 years ago

    We have seen all these drama from last 2 months or so, why these people not getting anything from inquiry?

    Suman Mukherjee

    8 years ago

    Dear Raj Gopal Setula and Abhishek,
    The problem with you is that you yourself write crap and try to divert the issue, rather than focus on the issue. You people have employed someone to take on the writings in message boards. However, the net is becoming tight day by day and I hope your monkeying in the messages boards will soon stop. Before I speak further let me take your questions head on: and show you how your comments are not only hollow but also misplaced;
    (i) Raj Gopal Setula writes, "Now, just recruited one of the leader of MLM named Suman mukherjee on 20th of June'11 in money life comment box to fight against Speak Asia by handling comments"--so whoever comments on your cheap money making gimmicks becomes a recruit of "Money Life"--what a assumption. For this someone should give you an award for such a great assumption. Is the government of India hearing??!!
    (ii) The you say, "Hardly 100 people are reading your comment, Rest 21 Lac 99 thousand, 900 hundred Speak Asians joing great business in field. Who will care, everybody is very busy to do job in SAOL"--if that be case then why should you be worried on the same or how does it bother you? Why do you keep on fanning your outrage in this message board with your illogical comments?
    (iii) "Just writing a long baseless argument about Speak Asia in comment box will not recovered your name Nfame". So which is called a baseless story?
    Tell me will which part of my story is baseless. If the company is running a “Ponzi Scheme” and giving money, does it amount to generating money or adjusting money? You ignorant have your heard the name of Nuevo Financial Group and its founder, Leslie D. Murdock, who had attracted 1,200 investors and about $40 million and his pyramid schemes (read Ponzi Scheme) collapsed after sometime like a pack of cards? Like what Speak Asia is doing, the promise of high returns lured investors from all walks of life. Among the victims: Attorneys, doctors, dentists, engineers, veterinarians, retirees, contractors, blue collar workers even members of the clergy and an agent for the Bureau of Alcohol Tobacco and Firearms. Hence don't speak of Headlines Today employee? Can you give me a proof of the fame or this is another of your bluffs? This you call employment generation? Huh!! God help the cheats and the morons….!!
    (iv) In a cunning way, Abhishek (Next time come up with another name due, we can make out from your writing styles) has said, "If I would have spent the same time on filling a survey i would have earned some money. Join and earn more rather than writing scraps.."
    Oh yes, writing anything against your great venture, Speak Asia, which does not even have an office in Bombay (the commercial capital of India) becomes writing scrap--who are you trying to fool!!?? See you can fool some people some time but not all people all the time.
    (v) The Abhishek writes, "This is the problem with our media in India they can’t digest higher success in less time and please ban these type of generalist you have who don't have any update go and update your self ...Speak Asia is long live company it’s going to open their office here in India and they have a large number of product as their Commerce and big bazaar tie up is in progress"
    The problem is not with the media, the problem is people like you who sell some make belief story and try to ram your rotten thoughts into others throats!! What is success? Running a Ponzi scheme and possibly fooling the gullible investors—this is your success story? If this is your success story, then Dawood Ibrahim running a Rs.10, 000 Cr empire is also a success story!! Right??!!
    Moreover, if your scheme is so brilliant then why do need a binary income story to provide blood for your so-called “Great Venture”? Why do you pay for the persons who bring "New New Bakra" to your so called income generating schemes? Does people pay to get a job except paying Kichbacks or under-hand money?
    Moreover, if only filling surveys can generate so much income then what is the need for coming up with other businesses? Isn’t it a good business—getting around 35% per month on the investment made….Huh!! Tell how much business in India generates such high returns?

    (vi) “I can make out that you are not from a commerce/sales background. In fact I even doubt your investigation abilities. Having, said that I admire your bluffing qualities as well.
    The underwear that you purchase is worth Rs. 100/- which a retailer gets at Rs.35 to 40. Did you ever calculate? How much does a coke company charge you for a 80paise drink?
    How much do u pay for an auto rickshaws, even though its running on CNG and demanding for increased fair as petrol prices have gone up?
    Govt valuation of a property for specific area is Rs.1000/sq.ft. and builder demands Rs. 3000/sq.ft., did you ever calculate the profit margin?”

    What is the new in it—you have doubted the investigating abilities of everyone, including Headlines Today, Sucheta Dalal and who not. You should be made the CHIEF ECONOMIC AND BUSINESS ADVISOR to the PM or for GOI, for your outstanding contributions in generating employments through a “Ponzi Scheme”. Right??!!

    (vii) You write, “The day I heard SEBI is looking after the case I thought what is SEBI doing in this case coz spekasia's share is not traded on the Indian stock market neither it has applied for any IPO issue”

    But where did I mention about SEBI—don’t try to divert the issue—very cunning, isn’t it…? Stop showing off your knowledge in the Equity Market---I am here for the last 15—17 years. So stop teaching me in this field….!!

    (viii) Abhishek, then says as horrendous, thing, “RBI actually give clean chit to Speak Asia coz Speak Asia has paid a tax of 68cr to the Indian government which was as per the norms. And this news was quoted on Bloomberg which is much more genuine than your article”.
    Hey man do you know how RBI functions? If you have known that you would not have come up with these kinds of craps. If simply paying some taxes gets you the RBI clearances then there would not have been FERA and other issues. What a sham these people are……very dirty!!
    (ix) “Who made you owner of other business venture, you article is simply garbage. Someone rightly said empty vessel makes the most of noise. And guys we all know who the empty vessel is and where the noise is coming from”
    Oh yes, I should now be answerable to someone who is a part of a Ponzi Scheme run by an overseas venture. When you cannot answer me in proper form, your desperation comes out in the open. I do not to prove my credibility to the captain of thug business concern. Just stop all these cheap modes of publicity.
    (x) “Take one thing into notice that 11000 is not investment it’s the cost of buying E-Zine and 4000 is not the return. It’s the income u generate from reading E-zine and filling up the correct survey. You don’t fill the correct survey you don’t get the money as simple as that. Now when someone is paying for it you have a problem?. I am sure every one of us must have filled some survey on any random website that too for free”.

    Just tell me why should anyone buy one magazine to get some job? Do we have to buy the shares of Reliance Industries to get a job there---this is the most stupid and ridiculous of the business of Speak Asia. This proves my point…!!
    (xi) “It seems that people have not understood or misunderstood or have some vested interest to misrepresent or misinterpret. Speak Asia never offers any investment opportunity. They pay for different activity and your work. Any intelligent person will always check out for more correct information and fools will make comments based on their limited knowledge and ability to understand”.

    If that is the case then what for are the Binary Incomes and what for in the investment in the E-Zine. Also before commenting on others abilities try to look at your face in any mirror. I can guarantee it would not look very nice.

    Sucheta Dalal and her team is doing a laudable work, inspite of some rabid Speak Asians, trying to turnish her image in all possible way, which is the most unfortunate part--talk with some substance man, you ignorance about the business environment in India is only showing up in a number of your posts.

    Long live Money Life!!

    Best regards,
    Suman Mukherjee
    India.

    REPLY

    JOHN

    In Reply to Suman Mukherjee 8 years ago


    *जिंदगी की असली उड़ान अभी बाकि है !*

    *जिंदगी के कई इम्तेहान अभी बाकि है !*

    *अभी तो नापी है मुट्ठी भर जमीं हमने !*

    *अभी तो सारा आसमां बाकि है !!*

    ramkumar

    8 years ago

    thank you Sucheta for your relentless fight against swindlers

    ASHISH PANDIT

    8 years ago

    When Sucheta Dalal is going to publish the papers of actions from various departments she claimed till now? I hope she produces all those papers here on her website to prove her points correct.
    Useless use of a good medium called as Internet by this Dalal.

    Prashant

    8 years ago

    Dear Abhishek

    There is no use of talking to these blockheads. They can't accept their failure to prove speak asia wrong. Infact, what they will do is they will remove your genuine post . . .as they have done this to me. These moneylife people are CORRUPT TO THE CORE AND DIRTY who can't witness the upliftment of their own nation . . .SHAME on these people.

    REPLY

    aslam

    In Reply to Prashant 8 years ago

    a 'flibbertigibbet' and her survey team !!!! what nonsense is this. Government should not be a mute spectator to such MLM crimes. They must immediately ban these type of businesses.

    kris

    In Reply to Prashant 8 years ago


    I am quite amused by the comments made by Fraud Asians. "Upliftment of our own nation" by money laundering ?

    coolboy

    In Reply to kris 8 years ago

    kris.....look you don't have any right to talk, cause you don't have any any proofs against SAOL, kindly take care of your family first instead of caring others, good bye

    kris

    In Reply to coolboy 8 years ago

    I don't need any advice from any fraudsters. i am exercising my fundamental right only.

    What legal documents are with you to run such a "survey" company in India?

    coolboy

    In Reply to kris 8 years ago

    hahaha are you a court? legal authority? or a double fraudster to only comments in bullish blogs?, Give me your contact details and phone number, I will come to you with legal docs, but first you need to show you are authorised for that...btw: company has already submitted the docs to Indian govt and found ok...you don't read news I think just read this blog...hahahaha

    Suman Mukherjee

    In Reply to coolboy 8 years ago

    Dear Raj Gopal Setula and Abhishek,
    The problem with you is that you yourself write crap and try to divert the issue, rather than focus on the issue. You people have employed someone to take on the writings in message boards. However, the net is becoming tight day by day and I hope your monkeying in the messages boards will soon stop. Before I speak further let me take your questions head on: and show you how your comments are not only hollow but also misplaced;
    (i) Raj Gopal Setula writes, "Now, just recruited one of the leader of MLM named Suman mukherjee on 20th of June'11 in money life comment box to fight against Speak Asia by handling comments"--so whoever comments on your cheap money making gimmicks becomes a recruit of "Money Life"--what a assumption. For this someone should give you an award for such a great assumption. Is the government of India hearing??!!
    (ii) The you say, "Hardly 100 people are reading your comment, Rest 21 Lac 99 thousand, 900 hundred Speak Asians joing great business in field. Who will care, everybody is very busy to do job in SAOL"--if that be case then why should you be worried on the same or how does it bother you? Why do you keep on fanning your outrage in this message board with your illogical comments?
    (iii) "Just writing a long baseless argument about Speak Asia in comment box will not recovered your name Nfame". So which is called a baseless story?
    Tell me will which part of my story is baseless. If the company is running a “Ponzi Scheme” and giving money, does it amount to generating money or adjusting money? You ignorant have your heard the name of Nuevo Financial Group and its founder, Leslie D. Murdock, who had attracted 1,200 investors and about $40 million and his pyramid schemes (read Ponzi Scheme) collapsed after sometime like a pack of cards? Like what Speak Asia is doing, the promise of high returns lured investors from all walks of life. Among the victims: Attorneys, doctors, dentists, engineers, veterinarians, retirees, contractors, blue collar workers even members of the clergy and an agent for the Bureau of Alcohol Tobacco and Firearms. Hence don't speak of Headlines Today employee? Can you give me a proof of the fame or this is another of your bluffs? This you call employment generation? Huh!! God help the cheats and the morons….!!
    (iv) In a cunning way, Abhishek (Next time come up with another name due, we can make out from your writing styles) has said, "If I would have spent the same time on filling a survey i would have earned some money. Join and earn more rather than writing scraps.."
    Oh yes, writing anything against your great venture, Speak Asia, which does not even have an office in Bombay (the commercial capital of India) becomes writing scrap--who are you trying to fool!!?? See you can fool some people some time but not all people all the time.
    (v) The Abhishek writes, "This is the problem with our media in India they can’t digest higher success in less time and please ban these type of generalist you have who don't have any update go and update your self ...Speak Asia is long live company it’s going to open their office here in India and they have a large number of product as their Commerce and big bazaar tie up is in progress"
    The problem is not with the media, the problem is people like you who sell some make belief story and try to ram your rotten thoughts into others throats!! What is success? Running a Ponzi scheme and possibly fooling the gullible investors—this is your success story? If this is your success story, then Dawood Ibrahim running a Rs.10, 000 Cr empire is also a success story!! Right??!!
    Moreover, if your scheme is so brilliant then why do need a binary income story to provide blood for your so-called “Great Venture”? Why do you pay for the persons who bring "New New Bakra" to your so called income generating schemes? Does people pay to get a job except paying Kichbacks or under-hand money?
    Moreover, if only filling surveys can generate so much income then what is the need for coming up with other businesses? Isn’t it a good business—getting around 35% per month on the investment made….Huh!! Tell how much business in India generates such high returns?

    (vi) “I can make out that you are not from a commerce/sales background. In fact I even doubt your investigation abilities. Having, said that I admire your bluffing qualities as well.
    The underwear that you purchase is worth Rs. 100/- which a retailer gets at Rs.35 to 40. Did you ever calculate? How much does a coke company charge you for a 80paise drink?
    How much do u pay for an auto rickshaws, even though its running on CNG and demanding for increased fair as petrol prices have gone up?
    Govt valuation of a property for specific area is Rs.1000/sq.ft. and builder demands Rs. 3000/sq.ft., did you ever calculate the profit margin?”

    What is the new in it—you have doubted the investigating abilities of everyone, including Headlines Today, Sucheta Dalal and who not. You should be made the CHIEF ECONOMIC AND BUSINESS ADVISOR to the PM or for GOI, for your outstanding contributions in generating employments through a “Ponzi Scheme”. Right??!!

    (vii) You write, “The day I heard SEBI is looking after the case I thought what is SEBI doing in this case coz spekasia's share is not traded on the Indian stock market neither it has applied for any IPO issue”

    But where did I mention about SEBI—don’t try to divert the issue—very cunning, isn’t it…? Stop showing off your knowledge in the Equity Market---I am here for the last 15—17 years. So stop teaching me in this field….!!

    (viii) Abhishek, then says as horrendous, thing, “RBI actually give clean chit to Speak Asia coz Speak Asia has paid a tax of 68cr to the Indian government which was as per the norms. And this news was quoted on Bloomberg which is much more genuine than your article”.
    Hey man do you know how RBI functions? If you have known that you would not have come up with these kinds of craps. If simply paying some taxes gets you the RBI clearances then there would not have been FERA and other issues. What a sham these people are……very dirty!!
    (ix) “Who made you owner of other business venture, you article is simply garbage. Someone rightly said empty vessel makes the most of noise. And guys we all know who the empty vessel is and where the noise is coming from”
    Oh yes, I should now be answerable to someone who is a part of a Ponzi Scheme run by an overseas venture. When you cannot answer me in proper form, your desperation comes out in the open. I do not to prove my credibility to the captain of thug business concern. Just stop all these cheap modes of publicity.
    (x) “Take one thing into notice that 11000 is not investment it’s the cost of buying E-Zine and 4000 is not the return. It’s the income u generate from reading E-zine and filling up the correct survey. You don’t fill the correct survey you don’t get the money as simple as that. Now when someone is paying for it you have a problem?. I am sure every one of us must have filled some survey on any random website that too for free”.

    Just tell me why should anyone buy one magazine to get some job? Do we have to buy the shares of Reliance Industries to get a job there---this is the most stupid and ridiculous of the business of Speak Asia. This proves my point…!!
    (xi) “It seems that people have not understood or misunderstood or have some vested interest to misrepresent or misinterpret. Speak Asia never offers any investment opportunity. They pay for different activity and your work. Any intelligent person will always check out for more correct information and fools will make comments based on their limited knowledge and ability to understand”.

    If that is the case then what for are the Binary Incomes and what for in the investment in the E-Zine. Also before commenting on others abilities try to look at your face in any mirror. I can guarantee it would not look very nice.

    Sucheta Dalal and her team is doing a laudable work, inspite of some rabid Speak Asians, trying to turnish her image in all possible way, which is the most unfortunate part--talk with some substance man, you ignorance about the business environment in India is only showing up in a number of your posts.

    Long live Money Life!!

    Best regards,
    Suman Mukherjee
    India.

    Suman Mukherjee

    In Reply to coolboy 8 years ago

    Ya kris this is the irony of these people: When you question their being they will ask you what documents you have but when you reverse quesetion you will be deemed as "double Fraustar and all those nonsense terms.

    I am sick of these Speak Asians who have now started to Speak Slangs too in their posts.
    And I feel the same person comes with different names---because u see the writing style is different.
    These parasites are very clever---I think the government would take some action against these bunch of looters...and money launderers.

    Suman Mukherjee

    In Reply to Suman Mukherjee 8 years ago

    THAT LINE SHOULD BE:

    And I feel the same person comes with different names---because u see the writing style is NOT different.

    The error is regretted....!!!

    govindan

    In Reply to coolboy 8 years ago

    Submitted the documents to Indian Government?

    Most probably in a "sealed cover" !!!!!! ha ha ha ha ha ha ha ha ha.

    Government found it OK? I think your "other face" is not aware of the fact !!!. Your "other face" replied to me that neither the government nor the opposition/ politician/ competitors/ business houses not accepted/ recognized your business model

    Abhisek

    8 years ago

    Dear Suman Mukherjee!!
    There are some questions which can answer by you...

    Que 1> Why this analysis now when the story has become a month old?

    Que 2> The day I heard SEBI is looking after the case I thought what is SEBI doing in this case coz spekasia's share is not traded on the Indian stock market neither it has applied for any IPO issue.

    Que 3> RBI actually give clean chit to Speak Asia coz Speak Asia has paid a tax of 68cr to the Indian government which was as per the norms. And this news was quoted on Bloomberg which is much more genuine than your article.

    Que 4> who made you owner of other business venture, you article is simply garbage. Someone rightly said empty vessel makes the most of noise. And guys we all know who the empty vessel is and where the noise is coming from.

    Que 5> Take one thing into notice that 11000 is not investment it’s the cost of buying E-Zine and 4000 is not the return. It’s the income u generate from reading E-zine and filling up the correct survey. You don’t fill the correct survey you don’t get the money as simple as that. Now when someone is paying for it you have a problem?. I am sure every one of us must have filled some survey on any random website that too for free.

    Que 6> If you find the process of money transferring too complicated then must try to go to the root or stop commenting on it.

    Que 7> It seems that people have not understood or misunderstood or have some vested interest to misrepresent or misinterpret. Speak Asia never offers any investment opportunity. They pay for different activity and your work. Any intelligent person will always check out for more correct information and fools will make comments based on their limited knowledge and ability to understand
    *****************************************

    I will give you an inside story, see if you can manage to burst this information. Most of the "Headlines Today" employees have registered for Speak Asia.
    I can make out that you are not from a commerce/sales background. In fact I even doubt your investigation abilities. Having, said that I admire your bluffing qualities as well.
    The underwear that you purchase is worth Rs. 100/- which a retailer gets at Rs.35 to 40. Did you ever calculate?
    How much does a coke company charge you for a 80paise drink?
    How much do u pay for an auto rickshaws, even though its running on CNG and demanding for increased fair as petrol prices have gone up?
    Govt valuation of a property for specific area is Rs.1000/sq.ft. and builder demands Rs. 3000/sq.ft., did you ever calculate the profit margin?

    ******************************************
    First of all who ever written these articles have u read about the Speak Asia business module how it’s paying? Before writing a article about something just research. First go and watch How Speak Asia works and how many are there who haven't paid yet? If company giving money after work what the hell u against for it. I think you guys need a TRP as star news did for few weak then what happened? They bark n barked and after all they just showed positive news. This is the problem with our media in India they can’t digest higher success in less time and please ban these type of generalist you have who don't have any update go and update your self ...Speak Asia is long live company it’s going to open their office here in India and they have a large number of product as their Commerce and big bazaar tie up is in progress.


    Finally - I just registered my opinion on your scrap article, what did i get out of it? If I would have spent the same time on filling a survey i would have earned some money.

    Join and earn more rather than writing scraps...

    With regards
    Abhisek

    Anti-corruption crusade: The arrogance of power is killing democracy

    Some Congressmen in the habit of mudslinging are trying to deflect focus from the anti-corruption debate by indulging in accusations against Anna Hazare and his team. Which other country has an unelected prime minister or, criminal cases against nearly a third of its elected representatives, and these same people are talking about democracy in peril from the unelected?

    Congress Party spokesperson Manish Tiwari says, "Our democracy faces its peril from the unelected and the unelectable…." (13 June 2011) Finance minister Pranab Mukherjee labels Anna Hazare a tyrant! These Congressmen, who are habituated to mudslinging, have persistently indulged in hurling accusations at Anna Hazare and his team to deflect public focus from the Lokpal debate.

    First they tried to fabricate a CD over some registration of a plot against the Bhushans, which attempt fell flat. Now they are trying to get people to believe that Mr Hazare is working for the Rashtriya Swayamsevak Sangh/Bharatiya Janata Party and not for the masses. Only the corrupt, and not democracy, should feel threatened by such a mass movement. Democracy is the people, not the government.

    And let it be understood by the arrogant who occupy positions of power, that democracy is not their personal domain or a 'members-only club' where 'unelected' citizens have no role to play. If that were so, should we assume that Mahatma Gandhi, Subhash Chandra Bose and the entire galaxy of our freedom fighters got away with their sins, and that Manish Tiwari would have prosecuted them for being 'unelected tyrants'. Such people must introspect and make a serious attempt to change their outlook.

    I have ten observations that could help analyse the government's perception vis-à-vis the ground reality, in the ongoing turmoil in the country's political field.

    1. No other democracy in the world has an unelected prime minister apart from India, which is supposed to be the world's largest democracy. Which is probably also why it is being said that "our democracy faces peril from its people…"

    2. No other prime minister or president of a democracy has been as silent or as invisible as is the case in India.

    3. No other government in the civilised modern world receives orders from an extra-constitutional authority (10 Janpath) as obsequiously as the Indian government.

    4. No other government in the civilised world has been seen staggering so indecisively, and so clownish, as our government has been. First, they tried to make fun of Anna Hazare; then, terrified at the overwhelming response to his call and the support for the anti-corruption campaign, the government caved in and set up the joint drafting committee for the Lokpal Bill. Unable to answer questions raised by the civil society members of Hazare's team, Pranab Mukherjee calls him a tyrant! Next, the top four in the government prostrate before Baba Ramdev, then beat up the yoga guru's supporters two days later. What kind of 'democracy' is this, and who is destroying it?

    5. No other democracy in the world has as many as nearly a third of its members of Parliament (mainly the Lok Sabha) (about 162 plus Suresh Kalmadi, A Raja, Kanimozhi and now may be even Dayanidhi Maran and P Chidambaram) facing criminal charges ranging from trespassing to murder. (This is more than a 26% increase over the record of members in the previous Lok Sabha. There are nine ministers in the central cabinet who face criminal charges, one of them for 'theft'. (According to National Election Watch, 76 members of Parliament are involved in serious criminal cases. A total 522 cases are pending against various members of Parliament; 275 of these are under serious sections of the Indian Penal Code.) What more do we need to add, Mr Manish Tewari, that will imperil democracy in India.

    6. India ranks at 87 in the survey on the 'International Perception of Corruption' conducted by the World Bank and IBRD, Bertelsman Foundation, World Economic Forum, Global Insight and Transparency International Berlin. India stands on level with countries like Albania, Jamaica and Liberia with an index of 3.3 (out of 10), that has fallen from 3.5 in 2007 and 3.4 in 2008 & 2009.

    7. No sane government, other than a heartless, tyrant would unleash brutality against a peaceful bhajan-singing congregation of innocent men, women and children, as happened at Delhi's Ram Lila ground, late night on 4-5 June 2011.

    8. According to media reports (The Times of India, Ahmedabad, 8 June 2011), India not only tops the list of nations having tons of black money stashed away in Swiss banks, but its cache of black money ($1,546 billion) is far more than the combined total of the next four countries in the list of black money deposits namely, Russia, the UK, Ukraine and China ($1,056 billion). Contrast this with the poor farmers committing suicides, hapless pregnant women delivering babies at hospital gates, and destitute tribal masses fed up with a callous administration, seeking solace in a Maoist rebellion.

    9. No other government can boast of so many scams as the UPA government.

    10. Only the DMK appears to be ahead of the Congress (so far, at least) in the corruption race-so what if only a few of them have crash-landed in Tihar Jail!
    However, these are merely some facts of the reality, not something that Manish Tiwari and Pranab Mukherjee would like to believe. They, like some of their colleagues in government, are suffering hallucinations and illusions. In Mr Hazare, they see a heavily-armed warrior-'a tyrant'-at the head of an angry army of India's masses, charging ferociously straight into them. This scenario reminds one of Wordsworth's adolescent thief, who was fleeing with a stolen boat, but he felt the hilltop behind was chasing him so menacingly, that the farther he went the bigger the shadow became that loomed over him. For, the more the government tries to shoo away the Lokpal and the uproar over corruption, the more vigorous becomes the public outcry against corruption.

    Indian politicians could not have asked for more decent and loving enemies than Anna Hazare and his candle-wielding supporters, or Baba Ramdev, with his devotees practising abstinence and yoga. Arrogant governments in West Asia and North Africa are facing more violent and destructive uprisings. We have a choice to change peacefully.

    While the anxiety of those in power is understandable, they cannot avoid the problem by looking in the other direction. The tide is unstoppable. The people deserve and they are demanding an effective Lokpal, to rein in rampant corruption and they will get it, with the government's your co-operation, or the tumult will crush authoritarian arrogance and install people's choice.

    (The writer is a military veteran who commanded an Infantry battalion with many successes in counter-terrorist operations. He was also actively involved in numerous high-risk operations as second in command of the elite 51 Special Action Group of the National Security Guard (NSG.)  He conducts leadership training and is the author of two bestsellers on leadership development that have also been translated into foreign languages.)

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    COMMENTS

    KPadmanabha Reddy

    8 years ago

    ts and Dogs when cornered pounce ack in fight being frightened.So is the case with UPA dogs now under defenseless onslaught .

    Gauri Shankar Das

    8 years ago

    What is the eqality of political opportunity ? What is the list of the posts of NON PROFIT declared by indian parliyament ?What is the average income of indians ?What is the major scheme for controling population growth ? What is the educational development rate ?What is that "INDIA IS GREAT?

    Joginder

    8 years ago

    Look who is complaining about unelected people drafting laws. That is exactly what Sonia, Rahul and their slaves in the so-called NAC are. They are like the Viceroy and his council presiding over a tame "parliament". But it all boils down in the end to money. Power is a means to that end. Any serious attempt to curb corruption will therefore be cosmetic only.

    padmanabhan iyer

    8 years ago

    Anna Hazare has a pure heart and right intentions in his head as also a large chunk of non political persons supporting his movement. What Hazare and his suppporters fail to understand that Government controlled by the present set of arrogant Ministers need to be removed first to bring in the needed change. Then the movment will have to be political only. Aand at the end any law can be made only by the parliament. So his leadership be given to bring in all the political parties and lead a movement to cleanse it. One need to understand that in all political parties there is this virus of corruption. But that need not trouble us so long as the movement is led by right people. Realise that Democracy could be brought in only after Jayaprakash took the leadership to bring in all parties from CPM to Jansangh which helped to overthrow the dictatorship,
    For Congress its all survival .They first prodded up Ramdev Baba so that the Hazare movement can be contained.Finally they cracked the Baba Ramdev team when they realised that Baba cannot be bought over. Now by engaging Hazare, they want to shift the focus from BJP and other opposition parties.This is exactly what is wanted by Congress.In the end of the day these people under Hazare are not going to be a threat to their government.After some noise it will be forgotten. What is amusing is that, the movement is castrated and made imbecile by the media who one side pretend to expose the Corruption, but make sure that it does not touch PM or Sonia and her children. This is what exactly Congress aim to do , to diffuse the attack and taking the wind out of the sail of BJP and CPM.If Hazare is true to his cause he should name the Corrupte said there is corruption in Modi givt.Will Anna Hazare dare to expose Sonia? Lets wait and see

    RNandakumar

    8 years ago

    If 'civil society' leader Anna is a tyrant then PAS another civil society leader Sonia Gandhi also should be called a tyrant as she weilds power without authority.

    Malq

    8 years ago

    As described by Nicholas shaxson in treasure islands:- imagine you are in the Market and you see our "leaders" walking out of shops without paying - like many of our royalty used to do and even the British rulers. When your turn comes to pay the bill it shows "extra charges" to subsidise their free loot/shopping. That is what is happening in India.

    citizenindia

    8 years ago

    do u think its just a co indcidence that all this scam thing has gathered steam in 2010 and radia tapes were recorded by some IT fellow for national security reasons? its a corporate war and a god sent opportunity for someone like mms to get rid of people we never wanted but had to. every thing till date is a scam if you reall stick to the definition of scam. as everything moved with a nexus. right from grassroot things to big industrial projects.

    citizenindia

    8 years ago

    if what i hear is correct, very soon we will have a law reform bill, electoral reforms bill and whistleblower act. these are important legislations and should help fix obvious failure of current system. while we should all focus on corruption to weed it out, one should understand that its become a part of every strata of society and cleansing has to begin with us. there was a time when india couldnt have afforded elections on its own. so the process of corporate funding . now if we start digging history , right from tata to birla to gandhis to vajpaye will be found with hand in wrong place. there is no reason why starting today we cannot auction scarce resources, pay for our own elections, set up fast track courts and record court proceedings, curtail discretionary powers , etc. any institution has human interface and all are open to misuse. instead bat for transparency and accountability in existing institutions and we shall be good. the pre condition should be that the govt shouldn fall as there are clear attempts at trying to destabilise the govt. there have been previous SC led investigations with little to show. give this govt a chance. chances are many will go to tihar and stay there this time. that should be the biggest +ve since independece and will have a rub off effect. there are no good choices as all are the same so for those who are pessimists , stick to the known devil. RTI with whistleblower bill and fast track courts , nitish type law on bureaucrats will tame the beast. and india is fighting corrption head on , its a natural consequence of such neck breaking growth in such a unique country. long live india. im against lokpal. constitution should be surpeme and strengthened furthur. keep emotions under control to think sanely without bias.

    N Krishnan

    8 years ago

    Karan saab,
    You put rightly. It seems Hon. Min. Chidambaran did not know that Mahatmaji had driven out British by satyagrahah and question Anna for it. Our so called political champions order their followers to do hartal or bandh to protest against anything and everything which create unbearable inconveniences and problems to so called janatha or unelected normal men. Anna intents to sit at a place at least without causing any problem to public or government, still these higher ups show their merciless mind to criticise a ghandian ex soldier. I feel shame on them by being a non-member congressman who follows the ghandhian thought.
    The corruption has grown to a level these elected champions think that it is their rights to do anything without looking at the public feelings just because they were elected by the public. An end to this or a change is imminent. Instead of reviewing the pertinent possibilities the govt seems trying to dilute the issue by simply transforming as street fighters. Let us hope the Prime Minister himself will wake up to resolve the issue or else?
    Krishnan

    REPLY

    padmanabhan iyer

    In Reply to N Krishnan 8 years ago

    The repetitve call saying that Mahatma Gandhi won the freedom by satygraha is historically incorrect.there are tens of commonwealth nations which were under British. These nations also were given freedom because British could nt hold it together.Days have changed and italian mafia is different from alien british The italin mafia in action is a saree clad self styled bahu, who is Antonio Maino, supported tacitly by the Roman Catholic church ,controlling the Congress and their ministers who all are indians playing fiddle.In Egypt it was the Muslim Brotherhood which added muscle to removed Mubarak,In India too it was RSS which removed Indira Gandhis govt and brought in democracy, though RSS is a nationalist humanist organisation and never preached or committed terror as Muslim Brother hood did. There is no other solution other than a political solution and it can be done only with the support of Non Congress political entities ofcourse with a leader who is above politics,such as JP

    Deepak Khemani

    8 years ago

    Nothing will actually change, these politicians dare the UNELECTED people from civil society to stand for elections and then talk, now everyone knows how our MP's get elected, some on the pseudo secular platform some on the religion platform,some get elected because they are dalits or OBC/ST/SC and some get elected because they are from the left(Communism died years ago in USSR) and most of them get elected with money power or because they are the sons, daughters or relatives or close friends of powerful politicians.Tell them about the cases pending against them and they will say that the cases are politically motivated or they say that the law will take its own course, now we know what that means(10-15-20 years). Has anyone ever wondered why the spokespersons of major political parties are lawyers, Manish and previously Kapil Sibal for the Congress, Ravi Sankar Prasad and Arun Jaitley for the BJP. The Baba Ramdev fiasco and the treatment given to Anna Hazare and his team has I hope given something to the people of India to think about where this country is headed with the present setup. I wont be surprised if things change in the next Elections-hopefully

    sunil

    8 years ago

    The arrogance of Kapil "The consequences" Sibal and the antics of Digvijay Singh and the supercilious attitude of P.C Chidambaran, while talking to the press makes one wonder whether these ministers actually believe what they say. They come through to us viewers and readers as people who have lost complete touch with the concerns and feeling of the electorate and live in a self created world. I am sure the time will come when we will have a clear law on corruption - whether through a lokpal or a different set of people governing the country. This surely is another freedom struggle for us - who are denied proper benefits for the honest work we put in and the taxes that we are pay. All we get in return is nothing but poor and incompetent governance and corruption. Go team ANNA .Go..

    REPLY

    RNandakumar

    In Reply to sunil 8 years ago

    You are right. Arrogance is the reason why still Dayanidhi Maran is not arrested inspite of the proof that he had misused his position of authority to threaten the BSNL GM to enable him run his borther's business through his home exchange. Will you or me be allowed to remain not paying the outsanding dues. Maran owes 400 crores to the nation.

    RajeevSrivastava

    8 years ago

    The statement from Government that civil society can't threaten & negotiate is very revealing of the kind of Government we have. Agreed. But can civil society pray & beg (of course to be heard)? What options civil society has if prayers begging and hunger strikes are unable to evoke a response. I do not doubt the resolve of ministers like Sibbal and PC to draft a strong Lokpal bill but will they explain why at all they needed prompting by Hazare. I understand & I believe all sane people know that as corruption lies in the mind of people it is very hard to fight it. An honest resolve by the ministers concerned could have assured Hazare and the whole of civil society, which unfortunately did not come up. Had the ministers too declared all their assets and the assets of their kin’s immediately after or had there been a candid admission on their part, Sibbal & PC could have capitalised upon the opportunity. Remember Kennedy, who after Martin Luther Kings great address had said that he too had a dream. ‘The same dream’. It is really sad that in the country of Mahatma Gandhi corruption in high places has become an issue. Does any on remember that Gandhi once wrote " when ever in doubt or when self becomes too much with you ....remember the face of poorest .. you ever met and think the decision you contemplate will really be of any good to him... your doubts shall melt away." Secondly, Government can not allow another parallel Government. They allow a parallel economy instead! Now let's forget about Khaps and Naxals and Kashmir, just to name a few. These do not really indicate the inefficiency of Government but the resolve on their part. I still hope, at some point of time better sense shall prevail on all in the Government and the opportunity shall not be allowed to fritter away latter to be lamented as shokpal bill.

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