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) […]
Moneylife Foundation sends representation to PM, FM and RBI urging ban on MLM schemes
Moneylife Foundation urges the PM and others to completely ban MLM companies in India or bring these companies under the regulation of either RBI or SEBI. From past few years we have seen MLM scams at a regular interval, the scamster comes in disguise with get rich quick schemes. Kanakdhara, GoldQuest, StockGuru India and many such […]
The Battle among Speak Asia, Media and the Panelist!
Speak Asia’s press conference, raised many questions. Even company’s loyal panelist were not aware of many things like Speak Asia online is not a company but a panel service provider, the money they have paid to the company is for the subscription of e-magazine published by Speak Asia not investment. Many panelist are saying that they […]
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 […]
Speak Asia in trouble after Star News Coverage
MLMNewsBlog Editor Have you ever played the game of falling down dominoes or a card game, where we make a pyramid. A slightest blow can destroy your game. If you plan to play it, be careful. Speak Asia, one of the most promising MLM company has been severely hit by the recent Star News Coverage. If you have seen […]