Speak Asian, isn't it a party time !!!!

Payments are on the way it is expected to come in 3 weeks ....
As we all know that we have finally hear a one very positive news .And it had came from the house of supreme court this is indeed a victory in that hearing of 17 october. Honorable Supreme Court had taken an initiative and had passed the order to give relief to the panelist through payout release .To ensure that the payment must go topanelist the Honorable Court had form a committee headed by former chief justice of India .

So now we will discuss all facts an assume at when the payment will come to our account to know exact calculation of dates we must analyse what can happen in 3 weeks .

The committee headed by former chief justice of india was given a task to release the payments to the panelsit as soon as possible .The question arises will rbi eow and cid and it departments will listen to him as quick as they can.The answer is very simple .The committee which has been formed is very powerful in itself it has all the constitutional right to take action to ensure the right judgement .So there is a great power involved in it so no matter what happen it is for sure that payment will come soon.

It may take time to release payments may be 2 weeks minimum and 3 weeks maximum .But according to my view the first payment could come very soon. may be 27 October will be the day at when we can see the payments .For payments speakasia will have to take permissions from rbi and cid and eow and they will give permissions to committee may be in a weak . If they will not do immediately then they will have to face the hard words in court .So the final conclusion is that the supreme court factor will work here and may be RBI could submit there reply as quickly as they can.And the time which was given to eow is expiring at 27 October .So eow can't raise any single question against speakasia .So the final conclusion is that payment may come after 27 October anytime .With the immidiate effect the committee will take decision soon .So we have won half the battle once the payment will release there is not getting back a bright future for speakasia is waiting .

So speakasian its a party time and this diwali the candle hope in every speakasian will flame as bright as it had never been done before .


- Sk Samsul Ali 

Official Communication from Speak Asia on Supreme Court hearing dated 17/10/2011

October 18th,2011.

Dear Panelist,

The Honourable Justice Dalveer Bhandari of the Supreme Court strongly reprimanded the Ministry of Finance and the Reserve Bank of India, for not having filled the reply affidavit, to the writ petition filed by the panellists of Speak Asia. Ministry of Finance and the Reserve Bank of India were supposed file their replys on or before the 10^th October 2011. Justice Dalveer Bhandari has asked Additional Solicitor general Kitit N. Rawal to ensure that both the respondents should file their affidavit before the next hearing. He also said that the casual attitude of the Government in this issue was very disturbing as it was the issue of the money and livelihood of so many people

  

Disposing before the bench of Justice Dalveer Bhandari and Justice Deepak Varma, Gopal Subramanian, senior council for Speak Asia explained the total business model of the company. He compared the business of Speak Asia to that of Ebay, where the consumer benefits most. He said this was a much better and refined version as the consumers not only got great deals but could also earn reward points that could be used to buy goods and services. He also emphasised on the training initiatives taken by the company. He lauded the extraordinary vision of the two Singapore based entrepreneurs and the unfortunate victimisation of the company

He urged the court to form a committee headed by Retd. Chief Justice R.C Lahoti, to facilitate the payments to be made to the panellists. He said that the company has the resources to complete all their obligations. He further added that the they have no problems with the ongoing investigations and had upmost faith in the law of the land.  He also appraised the court on how the company has been harassed on the basis of some unsubstantiated media reports, and was pursuing legitimate business in the internet space which is the future of all business transactions

The council for the panellist Mr.Mukul Rohitgi urged the court for immediate relief for the panellist. The Supreme Court was most inclined to set up a committee to look into all the issues of the company and its panaellists

The Supreme Court has also instructed the CBDT and the EOW – Mumbai police who have the records of all the payments to be made party to the case, to be present for the next hearing which will be in the next two weeks.

This is wonderful news for all Speak Asians, as they see a ray of hope not only in being able to receive the money that they have earned but also to continue to work and grow with Speak Asia.

Regards,

SpeakAsia Corporate Marketing Team.

Speak Asia must come back soon

Speak Asia must Come Back, and make history not in Indian region but also in the world - Monoj Kumar

"Yes! Speak Asia must back and it will be happen soon" Monoj Kumar CEO of SpeakAsia. He also added that Speak Asia will make everyone wrong about that it is not a ponzy method and It is a good sign that Speakasian are still United.
There are some rumors that Speak Asia could not proceed because of CASE. But Till now SPEAK ASIA Management are showing that they are active in this matter and they will survibe, the victory will be at their side. The Confidence level of Monoj Kumar is still the same as before. He is busy with his team and working hard for SAOL and waiting for the report of EOW, RBI and other Indian Govt Authorities. According to him, (Text Message) Speak Asia will rock soon and It will make history in the Survey marketing not only in India and Bangladesh But also in the whole world. SAOL is not fraud company, They came to market to build the future not to destroy the life of its members.

He answered another question on his text message that the Existing Members, and leaders will be rewarded. Because SAOL could not be fulfilled without existing members and leaders. Some misunderstanding is created, but that are not TRUE.
He could not come to front because SAOL Legal team's advice. He added the SAOL's Bangladesh operation is 100% ready and ready to launch at any day  

Look into this Article :

AMWAY AND SPEAK ASIA ONLINE


I guess many of you are already aware about Amway. It was the first international MLM company to hit Indian market. I am not comparing Amway with Speak Asia in any way as the business model is different in both the companies. I am just bringing the fact that Amway has already gone through the scenario which Speak Asia is facing today.
Multi Level Marketing is a legal business not only in India but abroad as well. But the fact is that people are not aware of its working concepts.
Amway was first to hit Indian market some 13 years ago (I guess) and it is still in the market.
Amway has several times been accused of being a pyramid scheme. A 1979 FTC investigation in the United States, a 1997 Belgian court and a 2008 court judgement in the United Kingdom all dismissed these claims.
In September 2006, following a public complaint, Andhra Pradesh state police (CID) (Most of the complaints are in this state I guess) initiated raids and seizures against Amway distributors in the state, and submitted a petition against them, claiming the company violated the Prize Chits and Money Circulation Schemes (banning) Act. They shut down all offices of firm Amway, and Arijit Saha writes that “with it the fate of 80,000 distributors of the company has been indefinitely sealed“. – Source (Wikipedia)
The same is happening with Speak Asia at the moment. I don’t want to comment whether the company is right or wrong but the fact is that the fate of 2 million Speak Asia panelists has been sealed.
Govt. or Court should give these kind of cases to “Fast Track Courts” so that the judgement may come bit early. People are desperate with no clue whatsoever regarding the cases and proceedings. Every Speak Asia Panelist wants company to start its operations as soon as possible but the fate of the company is in the hands of Govt and Court.
If for any reason, company fails to satisfy the RBI, no doubt the business will be closed but if it satisfy the RBI, chances are that the company may start its operations in India again.
The only person crushed in between the Govt and the Company is the “Panelist” of Speak Asia.
Thanks,
Shaishav Sood
Founder, MLMinIndia