SpeakAsia responded to the Supreme Court that it will return invested money only to 115 petitioners and the total amount is of Rs.50 crore. The city police opposed the proceed, they stated in that respect there were many more who had invested in Speak Asia and the total invested amount of money is actually much […]
ED finally charges Speak Asia with money-laundering
ED finally charges Speak Asia with money-laundering. Enforcement Directorate (ED) has booked Speak Asia under the Prevention of Money Laundering Act (PMLA) for allegedly sending Rs 900 crore out of the country, disguised as remittances. ED will soon investigate the involvement of office-bearers. There was no response from Speak Asia.
Biggest MLM Scam In India Till Date
If reports of Economic Offence Wing of Mumbai are to be believed this MLM scam could be the biggest MLM scam in the history of network marketing in India. Economic Offence Wing of Mumbai in the recent statement said that Speak Asia fraud is of Rs.2300-2400 crore and the value of the reward points is around Rs30000 crore. Speak Asia collected more […]
Speak Asia CEO Manoj Kumar at Abu Dhabi Video Message
Abu Dhabi (11 Oct.) – CEO Mr Manoj Kumar was spotted in Abu Dhabi on 11 of October to attend a conference on Global Agenda 2011. During the conversation, he talked that they have received permission from Bangladesh government to operate there. Soon in the month of december they are going to start their work in Bangladesh. […]
Speak Asia advisor confessed that business plan was a Ponzi scheme
Mumbai : Speak Asia Financial advisor, Sanjeev Dandona confessed that Speak Asia was indeed running a ponzi Scheme. and the plan was based on a ponzi scheme. Sanjeev Dandona was financial advisor to Speak Asia and he was the main man behind the transfer of money from India to Singapore.
Speak Asia Surveys were Fake
Mumbai – Mumbai police during the on going investigation on Speak Asia came to know that Speak Asia surveys were fake. All the surveys were outsourced and copied either from Wikipedia and other online websites. This finding by Mumbai police has established that these surveys were never done for any client from abroad. The EOW […]
CID taking Interpol help on Speak Asia Alleged Scam
New Delhi (mlmnewsblog) – Speak Asia panelist are worried and there is no immediate help from the Speak Asia management and neither from the courts. Now the Crime Investigation Department discovered that all money collected by Speak Asia was routed out of Singapore. On this issue CID has sought help from Interpol, investigations also revealed that Speak […]
One more arrested in connection with Speak Asia scam
Mumbai (mlmnewsblog) – Mumbai city police arrested one more person connected with Speak Asia, the name of this person is Rahul Shah, vice president of Tulsient Information System Pvt Ltd, a Business Process Outsourcing (BPO) unit that looked after Speak Asia’s financial affairs. Now the total figure has reached to 6.
Red Corner Notice against Speak Asia Global Head, Haren Kaur
Mumbai (mlmnewsblog): The economic offences wing (EOW) during the initial investigation found that people have lost Rs 14,000 crore in SpeakAsia’s schemes from all over India. EOW is also collecting information on global Head, Haren Harinder Kaur to issue Red corner notice against her and more arrest will take place in coming days.
Mumbai police arrested Speak Asia’s ‘Panelist’
Mumbai (mlmnewsblog) – Today Mmumbai police arrested Speak Asia’s ‘Panelist’. The name of the panelist is ‘Dipankar Sharma’ who was picked up from Raipur, brought to Mumbai and was arrested. He was also among the first persons to invest in the scheme of Speak Asia Online. By now the total arrest figure have reached to […]