It is quite likely that soon there will be a strict regulation on Network Marketing in India. From past few years people have lost money to the tune of hundreds of crores in ponzi schemes. Now Consumer Affair Ministry has asked Central Bureau of Investigation (CBI) to look into the operations of MLM companies.
Speak Asia Bank Accounts frozen in India and Singapore
Definitely not a good news for Speak Asians. All bank accounts of Speak Asia have been frozen by UOB Bank of Singapore in India and Singapore. The company is facing serious allegations of fraud and running ponzi operations. The reason for freezing of bank accounts was done due to the financial irregularities and foreign exchange violation.
Now Star News Exposes Ram Survey Scam
Star News has now exposed Ram Survey, this is their second scam reporting on survey scams. Earlier Star News had covered a report on Speak Asia Online. The news on Speak Asia created a lot of hue and cry among Speak Asians. After Star News many channels like Aaj Tak, CNBC etc, covered in-depth reports on […]
Indian Direct Selling Association (IDSA) welcomes probe on Speak Asia
Lately many direct selling companies in India have asked government to look for a framework to regulate direct selling companies. The Direct selling industry projected at Rs 7,120 cr by 2012-13, till date there have not been a clear guidelines for the MLM companies. companies who are part of IDSA are saying that just because […]
Speak Asia can withdraw surveys anytime, says its legal advisor
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 […]
CEO Manoj Kumar & COO Tarak Bajpai’s video message to Speak Asians
The new CEO Monoj Kumar & COO Tarak Bajpai have given a video message to fellow Speak Asians that in this hour of difficulty don’t get misguided by media and the news. COO Tarak Bajpai’s video message have requested to all the panelist, that whereever they are sharing this wonderful business opportunity, do not use […]
Police Investigate Speak Asia Online at Mumbai
Mumbai, May 18, 2011 Speak Asia Online, is being investigated by Mumbai police while the Union government is mulling a serious fraud probe into its affairs.Authorities woke up after critics and investors of Speak Asia’s consumer survey-based business model smelt in it a “Ponzi scheme. The government may ask the Serious Frauds Investigation Office (SFIO) […]
Bank accounts of Speak India have been frozen
Moneylife investigation revealed how Speak Asia was transferring money from India to Singapore, now banks have frozen speak Asia’s bank account due to the foreign exchange violation.
Speak Asia Online Press Conference News update
In the press conference, Speak Asia did not give any clear answers to the journalist present there. Instead they were putting allegation on Star Panel, which everyone knows that it is free to join, where speaking Asia is charging money to become a panelist. During the Goa Gen X Bazar conference company had said that Airtel, Nestle, Bata, […]
Aaj Tak Exposes Speak Asia Scam
One after another, news channels are exposing Speak Asia scam. Some people in Speak Asia were saying that Star News had personal agenda in covering negative news about Speak Asia. Now Aaj Tak has covered a news where they have completely exposed Speak Asia’s claim. Aaj Tak, during the investigation also came to know that […]