Senior lawyer Ashok Saraogi has said that since Speak Asia is offering reward points for filling up surveys as an additional benefit, it can withdraw these if its contracts with its clients ends. Notably, not a single official from Speak Asia was present during the press conference called by its legal advisor in Mumbai.
What we understand from this statement is, the money(Rs.11000) panelist paid to Speak Asia was for the subscription of monthly e-magazine called ” Surveys Today”. Speak Asia has also said that anytime they can stop sending surveys to the panelist as it is an additional benefit given by the company and there is no refund policy.
Most people who are working with Speak Asia as panelist think that Rs.11,000 they paid to the company was for the 52 surveys and by the end of 52 weeks by filling surveys they will make Rs.52,000. COO Tarak Bajpai of Speak Asia, in a recent video message was conveying to the panelist that do not use “Investment” word during the presentation. Company in a way also saying that the word “investment” might have been used by some networker for their own greed to generate more sales, but that is non of Speak Asia responsibility.
Investigating agencies are questioning the management of Speak Asia, but due to the intricacies involved, Speak Asia might be able to get over the hook. The real question is why Speak Asians are quit, they too have a version of Speak Asia. Panelist must be called by the investigating agencies and both should be put on cross-questioning to know the truth. A coin has two sides, then there might be two versions of Speak Asia, one by the management and another by the panelist.
As per legality, no one can file an FIR against Speak Asia because Speak Asia Online is not registered in India. There is no provision in the Indian law to initiate action against the foreign entity. At the end of investigation, due to the loop holes in the law, the management of Speak Asia might come out clean, and in future if they decide to shut down their survey operation in India, there won’t be anyone to stop them. The real loser here will be lakhs of people, who knowingly or unknowingly invested hard-earned money with Speak Asia.
Speak Asians your uplines are just like you, it’s not the time to blame each other but to take a collective decision & better to share the truth with everyone.
Every Speak Asian want the company to survive, but at what cost?
Read the recent article covered by MoneyLife.