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Speak Asia on the Verge of Closure??



It has been an astonishing day for 20 lacs panelists of Speak Asia Online. Speak Asia Online has been on ups and downs from last couple of weeks. Media’s negative coverage not only affected the companies profile but the business of its close to 2 million panelists around India.

More and more people have been withdrawing money from Speak Asia since then. Following so many transactions, which looked illegal to financial institutions, bank accounts of Speak Asia have been frozen without any intimation and information which is illegal in it’s own terms.

FYI: Manoj Kumar seems to have been sacked, as Ms Harendar Kaun has signed the message as CEO. He could not handle the media well.

Although, Speak Asia seems to have planned for corrective actions but there are doubts of any good news for at least some time. There is a petition online that you can sign to support the company: http://tinyurl.com/speakpetition

Here’s today’s popup message on speak asia online:


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!!. We understand that there is an online petition at the URL:

http://tinyurl.com/speakpetition

We request EVERYONE connected with Speakasia to sign the online petition and appeal for once and for all time clarity from the authorities.

Ms. Harendar Kaur

Chairperson & C.E.O


Original Message:

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  • mitesh

    still proude to be speak asian!!

  • Shalini Goldenbird

    WHY PEOPLE HAVE PROBLEM WITH SPEAK ASIA AFTER SO LONG A COMAPANY IS PAYING GOOD RETURNS TO ITS FOLLOWERS ……….. THIS IS THE ONLY REASON WHY INDIA DOESN’T GROW AND BEG OTHER FOR ITS IMPROVEMENT ….

  • Anurag dwivedi

     PROUD TO BE SPEAK ASIAN STILL THEY ARE FIGHTING AGAINST MEDIA FALSE ALLEGATION

  • prakash vekariya

    speak asia is good searvry  company.  they awenass to as what is searvy. they five as proffesnal income.

  • Sandeep ray

    PROUD TO BE SPEAK ASIAN STILL THEY ARE FIGHTING AGAINST MEDIA FALSE ALLEGATION

  • anurag

    are koi to paise do gharib star bnews wale ko kab se bechara maang raha hai…….. star news kya chata hai 

  • Ajayzems Rcm

    speak asia is best company

  • Ashish

    ASHISH,
    I PROUD TO BE A SPEAK ASIAN……………………

  • Bilalahmad

    speak  asia is  a  genune  company  it  is  a  very  biggest  company

  • Pradeep

    pradeep,
    SPEAK ASIA IS A GENUINE COMPANY.
    “SPEAK   ASIA    JINDABAD”
    “DE     GHUMA          KE  ” STAR  NEWS  WALO KO ,sabhi speak asian -unity is the power.        

  • SUMANOBC

    http://www.bizbasket.net/

    FOR SPEAKASIA ONLINE ALL UPDATE…
    OPEN NOW..
    I LOVE SPEAKASIA WORK
    SARVEY BHARO OR MAJEY KARO

  • amit

    AMIT,
    I ,REQUEST TO PM OF INDIA PLEASE SAVE TO SPEAK ASIA.
    I PROUD TO BE A SPEAK ASIAN.
    RAEBARELI

  • Prem

    prem prakash singh,
    I PROUD TO BE A SPEAK ASIAN.
    SPEAK ASIA IS A GENUINE COMPANY.
    RAEBARELI

  • Om

    om prakash kumar,
    i proud to be a speak asian.
    speak asia jindabad.
    nagpur[maharastra]

  • shachi

    shachi verma,
    i proud to be a speak asian.
    speak asia is a genuine company.
    raebareli

  • aparna

    aparna mishra,
    I PROUD TO BE A SPEAK ASIAN.
    KANPUR

  • aparna

    aparna mishra,
    I PROUD TO BE A SPEAK ASIAN.
    KANPUR

  • Kiranshukla1962

    kiran shukla,
    I PROUD TO BE A SPEAK ASIAN.
    LUCKNOW

  • Manoj Bcn

    manoj kumar,
    I PROUD TO BE A SPEAK ASIAN.
    SPEAK ASIA IS A GENUINE COMPANY.
    RAEBARELI

  • Nandlalhandsom

    nandlal prajapati,
    SPEAK ASIA IS MY LIFE,MY LORD,MY CARRIER,MYEVERYTHING.
    RAEBARELI

  • ashutsoh

    ashutosh,
    SPEAK ASIA IS A GENUINE COMPANY.
    RAEBARELI

  • Anonymous

    SAOL management MUST provide updates on latest development to the Panelists to keep their faith in the future of SAOL. Once faith is lost it will be very difficult to rebuild the faith.Good job done so far will go in the drain.Ms. Heran has mentioned about daily updates via pop ups but after the message not a single popup is there on updates.All the panelist feel stranded about future operations. Waiting 6-8 week for payments is very tortuous.Adding the new panelists has almost stopped.
    So I request daily confidence boosting messages during this rough time

  • Sheetal

    If you see all Indian Speak Asians    
    Mr Tarak Bajpai seems to be very gentleman and even if 
    SpeakAsia run away he will give you your hard earnd money backhttp://trusttarak.blogspot.com/

  • Ashishshuklabcn

    ASHISH SHUKLA to me

    show details 12:34 AM (17 hours ago)

    do baar sign karna hai ek baar 1st sign pe click karne ke baad andar bhi ek sign ka option hai uspar dobara click karna hai phir vaapas apni mail id par jana hai waha petition.in ke naam se ek mail ayega use khol kar ek link pe click karna hai tab verify hoga plz sab log zaroor verify karo varna ye count nai hoga.petition ko verify bi karen………..jaldiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiii
                                                                                                             
                                                                                                         
    VERY IMPORTANT

  • madhav sharma

    join to speak asia.or mere speak asia dost ab hame crorpati banne se koi nai rok sakta proud to be speak asia………..madhav sharma katihar (bihar) 7870964227

  • PAVITRA VERMA

    JIS DESH MAI ETNE BHRUST LOG DES CHALA RAHE HO TO IMANDARI SE KAM KARNE WALO KO TO MUSHKIL KA SAMNA KARNA HE PADEGA. PARANTU YADI YE SARKAR KE LOG/ SARKAR JO KI LONGO KO ROJGAR DE NAHI SAKTI KAM SE KAM KISI COMPANY KI PRAMANIKTA KO TO JALDI SE YA TO GALAT SAVIT KARE YA CHALNE DE JIS SE 200000 LOGO KA VIKAS JUDA HUA HAI. YADI YAH LOG (DESH KE NETA / BUROCRATES /OFFICER ) ITNA SOCH SAKTE KI ITNE LOGO KO ROJI DENE KE LIEA KAYA KARNA PADEGA TO JANCH ME ETNI DERI NAHI KARTE. YADI YEH LOG KAAM JALDI KARENGE TO INKO KAM SE KAM ITNE LONGO KI BAD DUA NAHI LAGAGI.