At last Prime Minister has accepted the request to investigate Speak Asia Online. Prime Minister Office has forwarded the complains to ministry of Corporate Affiairs (MCA), Reserve Bank of India (RBI),Securities and Exchange Board of India (SEBI), the home secretary & the finance secretary. It has also been requested from PMO to put the investigation […]
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.
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 […]
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 […]
Star News – Speak Asia Online News report, Legitimate or a Scam?
Star News – Speak Asia Online News report, Legitimate or a Scam. In India we cannot call a concept a scam unless it happens and when a scam happens, no body is there to help. From past two months, most media organizations have covered news reports on Speak Asia Online and most say that it […]
Reserve Bank of India (RBI) is contemplating action against Speak Asia Online
Cheaters in paradise: True lies of SpeakAsia’s Goa bash May 11, 2011 06:12 PM | The progress of this MLM company reminds one of the Home Trade scam, where the company used mega celebrities like Sachin Tendulkar and Shah Rukh Khan to gain publicity, before duping several people, including the stars Many agents of SpeakAsia, […]
SpeakAsia still can’t show valid, legal documents
April 13, 2011 04:18 PM | Moneylife Digital Team SpeakAsia, is an online company collecting large sums of money by rapidly enrolling people with the promise of incredible payments for simply filling out online surveys. Our investigation, however, shows that the company is not registered in India and it cannot show us any legal documentation. […]
Speak Asia – An Online Scam That Could Affect a Million People in India
Imagine if there were an online business where you could earn a very handsome and recurring income simply by spending 10-15 minutes per week. To qualify, all you need is a computer with an Internet connection and some basic knowledge of the English language. The exact plan is something like this. You give me $200 […]