HYDERABAD: Making it clear that Indian money will not be allowed to be sent to foreign shores during the pendency of the case, a division bench headed by Chief Justice Nisar Ahmad Kakru on Monday set aside a restraint order that had prevented the CID from freezing the money of Speak Asia Online company, a […]
MCA orders investigation on Speak Asia
MCA orders investigation on Speak Asia. New Delhi (mlmnewblog) – The Registrar of Companies (RoC) has been given go ahead by the ministry of corporate affairs (MCA) to investigate Speak Asia. The same was also confirmed by D.K. Mittal, secretary, MCA. He said that an investigation has been initiated but the top officials of Speak Asia denied […]
ROC Report on Speak Asia
New Delhi (mlmnewsblog) – Registrar of Companies (ROC), under Ministry of Corporate Affairs submitted its report on Speak Asia Online. In the report ROC found that Speak Asian Online Pte. Ltd. a Singapore based company Violated Section 591 in The Companies Act, 1956 according to the act, companies who are incorporated outside India and Still […]
Further delay in the transfer of commissions: Speak Asia
Due to legal tangles, Speak Asia is going to delay the transfer of pending commission. The pending commission amount is said be around Rs.1900 crores till date. Many Speak Asia panelist were saying that bank transfer of commission will start from 27 July, but we have received information from a source that there will be more delay in the […]
RBI all set to form new rules and regulation on MLM companies
If sources are to be believed, soon there will be an MLM law in India. The Ministry of Corporate Affairs (MCA) and Reserve Bank of India (RBI) are working closely to frame rules for all MLM companies in India. As per sources there will be strict norms for MLM companies and all MLM companies who […]
First FIR against Speak Asia in India at Raipur
Raipur: Chhattisgarh police has registered FIR against Speak Asia. This will be first FIR against Speak Asia Online in India. Already few investigations are being probed under Central Government agencies and departments. From past few months, the panelist of speak Asia Online from all over Chhattisgarh approached police to initiate action against Speak Asia due for non payments, but due to […]
CID raided Speak Asia Online franchisees at Vijayawada, Andhra Pradesh
CID raided Speak Asia Online franchise at Vijayawada, Andhra Pradesh VIJAYAWADA: A CID team lead by DSP YV Ramana Kumar raided the houses of D Srinivasa Reddy and LVA Swamy who are the owners of Speak Asia Online Limited franchisees at Vijaywada on Sunday. During the investigation CID team seized laptops, desktop computers, bank passbooks and all other […]
Bangladesh all set to form a strict MLM law
Bangladesh all set to form a strict MLM law Millions of Bangladeshis lost their hard-earned money to fraud MLM companies. After massive allegations of cheating people by MLM companies, the Ministry of Commerce, Bangladesh, is all set to form a strict all in coming months. In future all MLM companies will come under tough monitoring. Some Highlights […]
Kerala police Investigating Tycoon Empire International & Bizarre group
Kerala state director general of police has admitted frauds amounting to over Rs1,000 crore. Many MLM companies on the name of investments collected hundreds of crores from gullible people. Many investors are NRIs from Gulf countries. Kerala police has initiated investigation against many such get rich quick schemes. Police initiated action after receiving complains from the investors of Tycoon Empire International […]
Speak Asia launching YuG online shopping portal
This piece of information is manly for Indian Speak Asians. Most Speak Asians are desperately waiting for the cash transfer. We have received an inside information, the reason why did Speak Asia stop cash request & transferred all cash request back into your e-wallet. First they want you to generate pins and second to buy […]