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Update from Corporate Marketing Team

Posted by ADMIN on November 21, 2012 at 6:30 PM Comments comments (91)



Dear SpeakAsians,


A few pages such as speakasia online support are fraudulently claiming to be the official company pages in the social networking sites such as Facebook. We would like to state that the company has only one official medium of communication that is Anybody else claiming to represent the company is doing so falsely and the company is initiating strict legal action against such websites & social networking sites.

On the payout front, the company had sent out the first set of test remittances to the bank accounts of some of the panelists. The company at the moment is collating the data as to who all have received it and for those who didn't get it, the company is identifying the cause and finding remedial solutions for it. Once this exercise is complete the company will then start the payout process in full swing.


Warm Regards,

SpeakAsia Corporate Marketing Team

Exit option payment proof

Posted by ADMIN on November 11, 2012 at 11:55 AM Comments comments (0)

here is a exit option payment proof

Exit optioners receiving payments from SpeakAsiaOnline

Posted by ADMIN on November 10, 2012 at 4:45 PM Comments comments (0)

Aispa Highlights ::::

AISPA wishes to congratulate all our member Panelists and Consumers who have received the exit payments. Many Panelists have called and confirmed that they have received the payment. Documentary evidence of the same will be uploaded very soon .

Congratulations !!!!

-Anand Prasad

SC rejects Speak Asia panelist body’s plea

Posted by ADMIN on October 27, 2012 at 3:20 PM Comments comments (0)

New Delhi: The Supreme Court has rejected Speak Asia Panelist Association of India’s plea seeking quashing of criminal proceedings against its members in Maharashtra.

The panelists of Singapore-based marketing company Speak Asia Online, accused of duping investors to the tune of R1,300 crore, had stated that the Vijaywada investigative agency had already completed its probe and filed a chargesheet in the case. So, no purpose would be served by conducting two trials for the same alleged offence, they said.


A bench, comprising justices KS Radhakrishnan and Dipak Misra, while dismissing its petition as withdrawn said that “its not a case for quashing”. It further said that if the association is so aggrieved it can file a transfer petition for consolidation of cases.


Senior counsel PS Patwalia and counsel Anil Kumar Tandale vehemently argued that the economic offences wing of the Mumbai Police is carrying on investigation for cheating and other offences under the IPC and Prize Chits and Money Circulation Schemes banning Act 1978 and another investigating agency had already submitted its chargesheet involving the same allegations and accused persons.


The association argued that no cognizances can be taken in the second FIR if the chargesheet in one FIR for the commission of the same alleged offence had already been filed in the trial court.


The continuation of any investigation by the Mumbai police will lead to double jeopardy of its members, the petition stated.


In order to become panelist with Speak Asia, subscription of an e-magazine was necessary after making the payment of R11,000 for a year. The panelists under the controversial multi-level scheme used to conduct online survey for the company in lieu of online payment.


Earlier, the apex court, on a plea filed by a group of 115 investors of Speak Asia seeking recovery of their money, had directed the firm to deposit before it the amount payable to investors and concerned authorities.


It had in October last year asked Speak Asia Online and its related company Haren Ventures to file an affidavit stating that in case of ascertaining financial liability by the mediator the same would be paid by them.


EOW is now willing to file the Chargesheet against SAOL

Posted by ADMIN on October 27, 2012 at 9:10 AM Comments comments (0)

Good Evening To All !!!

I wish to inform all that finally the so called investigation agency EOW is now willing to file the Chargesheet which was the most awaited news which everyone was waiting for a long time…

Now after filing the chargesheet eow might not be able to investigate further into the matter as said by the investigation officer that “now they have enough evidence to file the chargesheet against the company”

The chargesheet is expected to be filed soon in couple of weeks time now which is expected and not confirmed yet as we never know the intention of the investigation agency which is very much uncertain and unexpected…

So as per my analysis the chargesheet can be clubbed in AP CB-CID which can run in trial and shall not create any hurdle in proceedings of the company for smooth business operation or payments to the earliest…

The RBI writ which the company filed in high court as said by the sources has a positive outcome through which the company has initiated the processing of Exit Option to all Exit Optioners… and through this step the company get rid of other criminal charges which were imposed by the govt. authorities

Regarding the arrest of one of the company’s official EX-COO (Pankaj Shah) who resigned from the company long back and got terminated from the company whatsoever was the reason behind it the official who was no longer working as company’s rep when the business was operational…and instead of Pankaj Shah …Tarak Bajpai was replaced as the COO of the company who carried the business operation further and organized many events and meetings to promote the business in vast…

Once the Exit option payments starts crediting in the bank account of the panelists and Thane and Raigad case which can either get disposed or move to trial both the ways shall be the best for the company…So friends stay tuned and be positive as now only positive things are expected and the Victory shall all be OURS…But still some people from the management really needs to be changed for the welfare of the company towards its panelists for a long run



Thanks and Regards

Your Support Group

SpeakAsia: Police to file charge sheet soon

Posted by ADMIN on October 26, 2012 at 12:00 AM Comments comments (0)

MUMBAI: The city crime branch's economic offence wing (EOW) said they will be filing a voluminous charge sheet against the accused involved in the multi-crore SpeakAsia fraud case within a couple of weeks.



"We have collected a lot of evidence against the accused and identified their properties. We will be taking court's permission to attack them," said a police officer.


Self proclaimed multi-level marketing firm SpeakAsia's former Country Coordinator, Pankaj Shah, who has been sent to judicial custody till October 30 told police that he helped SpeakAsia set up its base. Police said Shah's arrest is significant since he helped set up SpeakAsia inearly 2010.


Police said that Shah, who did an M Sc in Microbiology, was attached to a reputed south Mumbai hospital as medical researcher before joining hands with the MLM companies. "He worked with the firm between January 2010 and October 2010 until he was asked to resign.


As his replacement, the company got Tarak Bajpai and posted him as COO of SpekaAsia," said a police officer. Shah was earlier questioned in connection with the Rs 500-crrore Aryarup MLM case. Shah admitted that he had helped several MLM companies to set up their base. The police are verifying if the did the job unknowingly or whether he was completely aware about the various fraud firms' modus operandi.

AISPA UPDATE: 23rd October, 2012

Posted by ADMIN on October 23, 2012 at 10:25 AM Comments comments (0)

Dear Speakasians,

This entire wonderful family was extremely happy when the news that the company had as promised sent out the Confirmation E mails exactly within two weeks as mentioned in their earlier communication of 5th October, 2012.

AISPA is duty bound by its principal objective to ensure that all its members who wish to EXIT out and wish to take refund of their Subscription Amount should be assisted without fail to ensure that their amounts are credited to their bank accounts as early as possible.

Towards this end we at AISPA have come to realize that there is some confusion in the minds of some of the panelists who have opted for the Exit Option and we attempt to clarify on some of the queries below.

1. FIRST and foremost we need to understand that in the absence of the SAOL website with the company, the company is showing abundant precaution and taking cautious steps to ensure that all refunds are made without any errors and are credited to the EXITING Panelists bank account only and not to anybody else.

2. Because of this precaution the company has made it mandatory for the panelists to fill up all the fields in the CONFIRMATION FORM which will be found by following the link as it appears in the Confirmatory mail received by the Panelists.

AISPA has come to realise that two fields namely “List of Panel ID Referred By you” and “Attach Copy of your mobile bill (Registered with your Speak Asia ID)” have been removed as a mandatory field.

3. On close following of the various social networking websites and through interaction with many panelists, we at AISPA have come to realise that a large number of EXITING Panelists have received confirmation mails, we can safely conclude that all those who had opted to EXIT OUT and who had filled out the EXIT APPLICATION Form correctly in all aspects and whose EXIT Application Forms were in order and received by the company on or before 31st March, 2012 would have by now received these CONFIRMATION MAILS.

4. It is but logical to understand that the Panelists who are able to fill up correctly this EXIT CONFIRMATION FORM after following the through the mail, will receive payments first and all those who are not able to fill up this CONFIRMATION FORM in all aspects correctly will receive the payments only after further verification/confirmation by the company field force and/or the UPLINES of the Exiting Panelists.

We urge and advise all EXITING Panelists to please fill up the CONFIRMATION FORM carefully with due diligence to ensure a prompt refund of the subscription amount.

5. Member Panelists who have not opted for EXIT earlier should not fill up this confirmation form as this will not be processed; the company has earlier informed us that the company has received 94,000 odd EXIT APPLICATIONS indicating that the EXIT OPTION stands closed as of now with EXIT APPLICATIONS received by the company on or before 31st March, 2012.

6. Whether the Company will have one more round of EXIT APPLICATIONS will have to be seen when the company will announce their policy and communicate with us through their official

7. Some members wanted to know how much time it will take for the company to start remitting the refunds after receiving CONFIRMATION FORMS duly filled in all aspects.

We feel that as soon as the company will have enough numbers of these correctly filled CONFIRMATION FORMS, and if there is no second verification process scheduled, then they should start remitting out the refunds to those correctly filled CONFIRMATION FORMS on first come first served basis.

8. As per the EXIT POLICY of the company as announced on 1st August, 2011 it is clear that the company is interested in refunding the entire subscription cost to each and every EXITING Panelists.

Please do remember that the Subscription cost will be refunded minus the registration cost of Rs. 1000/- per ID after deducting whatever has been withdrawn, transferred or used in any manner.

9. Based on the interaction of AISPA Team members on various forums and through the various telephonic enquiries made with them, Team AISPA has listed out a few common questions and through this communication we wish to draw the attention of the company to the under mentioned queries/doubts in the minds of our member panelists and consumers.

We at AISPA sincerely hope and request the Company to give heed to these issues and work out a resolution mechanism to address the genuine concerns as below:

a. I had paid my down line and taken the ID details along with E mail password.

Now if I continue with the EXIT to recover money paid to the down line what details should I provide? I am concerned that if the money goes to his bank account which was provided during registration on the SAOL website then it may be difficult for me to recover the money paid to him/her.

b. One of the profiles on a particular ID in my tripod is the name of my grandmother, who does not have a bank account and while registering this ID on the SAOL website, I had not uploaded any banking details on her profile.

Can I now give my bank details on her profile which is an ID in my tripod?

c. If a Panelist has various bank A/c’s in multiple banks and he is not confirmed about which bank A/c no. had been provided during registration on SAOL website.

Now for exit -confirmation, can he give his any personal bank A/c no. in the EXIT CONFIRMATION FORM?

d. The following queries below pertain to the EXIT CONFIRMATION FORM:

i. E Mail ID: I do not remember which E mail Id I had given for this particular ID in my tripod and will it suffice if I give this New E Mail ID on which I have received the confirmatory Mail.

ii. Subscription Date: I do not remember the exact date will only the Month and Year suffice.

iii. Bank Account Number: Do I have to provide only that bank account which was mentioned during registration or can I give the bank details where I wish to receive the refund.

iv. Sponsors Name and ID: As my upline is not available or my Upline does not remember under which ID he had created my ID.

Will it help only if the name of the upline is given without his ID?

v. List of Panel ID referred: (AISPA has noted that this field is no longer mandatory)I don’t remember under which ID I have placed my Downlines or where I had placed my various downlines.

vi. Mobile Number: (AISPA has noted that this field is no longer mandatory)

a) The mobile number registered with SAOL has been deactivated.

b) The registered mobile Number is Pre Paid so there is no Bill.

We once again through this communication remind all Member Panelists and Consumers that AISPA is duty bound to protect your rights and work in a manner which will always be for the larger good of this wonderful family.

We at AISPA wish to once again offer our services in whatever way it will be required to ensure speedy disbursement of Subscription amount to all the members who have opted to EXIT out of the association with the company.

AISPA had filed an SLP in the Supreme Court and on mentioning the matter was heard on 19th October, 2012.

Based on the observation and advice of the Hon’ble Supreme Court our counsel has withdrawn the SLP.

As per the advice of the Hon’ble Supreme Court the next step in the matter will be taken as per law shortly.

We all know that WP/3210/2011 and WP/3211/2011 are now listed for hearing on 16th October, 2012.

Through this communication we urge all Panelists to help their team members who have opted to take the EXIT OPTION in filling up their EXIT CONFIRMATION FORM correctly so that the payments to such EXITING family members are processed without any further delay.

Team AISPA takes this opportunity to wish this wonderful family a very happy Vijaya Dashami.

Jai Speakasians,


Warm Regards




SpeakAsia started sending mails to Exit optioners

Posted by ADMIN on October 19, 2012 at 2:05 PM Comments comments (0)

Mr. Shantanu Banerjee sir posted with proof of mail of SAOL Exit options Screen shot (Please check screenshot and its info below )


Dear Panelist,

We write this mail in response to your request for leaving Speak Asia family as per the Exit Option introduced by the company. Though it pains for us to see a valuable member of our family leave, we respect your wishes and are beginning to process your request. You will appreciate that this is being done despite all the constraints being faced by us.

We are going to follow a process for proper implementation of exit option and ensure that all bona fide panellists who have opted to exit get their dues.

Kindly click on the following link and upload the details within 15 days of receiving this email.

Kindly note that we will authenticate and verify this information through our managers and your up line.

Any incorrect / incomplete information will not be accepted and will be disqualified for processing in the first batch.

Warm regards

SpeakAsia Corporate Marketing team

Source – Speakasian powers.


(Please note: Still this message not confirmed. We have posted this because message pointing to site :

About Exit option confirmation mails

Posted by ADMIN on October 19, 2012 at 1:50 PM Comments comments (0)


 Good Evening All !!!

This is to inform all as everyone is aware that EXIT process in going on and all those who have opted for exit may keep checking their email as they can receive the email confirmation from the management anytime… If anyone have received the email then kindly come forward and post it so everybody can see the email and also check the authenticity…

Beware of any fake or fraudulent email and do not just give your bank details to any unidentified email as everyone needs to be careful and co-operate with the company for successful disbursement of the exit payment…

We all are heading towards the VICTORY step by step now and everyone’s patience is remarkable to see and though we continue to remain positive in our beliefs and the company we are making things better day by day…Its time to sit back and relax as things are taking faster moves now and we shall expect major relief which will itself will be a great positive thing that will be known everywhere…and people shall be witness in themselves…Stay tuned and remember our primary target is Restart of the Business and not just Exit…We shall stay united and remain positive and shall walk hand to hand with the company to be a part of the dignified revolution in the coming days time

Thanks and Regards

Speakasian Support Group


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Economic Offences Wing, which is probing the Rs 2,200 crore scam, suspect a movie starring YADAV was partly financed by Two absconding Speak Asia Officials...

Posted by ADMIN on October 18, 2012 at 1:30 PM Comments comments (0)


Bollywood actor Rajpal Yadav was summoned by the Mumbai police’s Economic Offences Wing (EOW) in connection with the Speak Asia scam on Monday. For nearly an hour, investigators quizzed him about a small-budget film featuring him, Jeeyo Raja Phantom, which they suspect was partly financed by two brothers wanted in the Rs 2,200-crore scam.

Absconding Speak Asia official Ram Niwas Pal and his brother, Ram Sumrin Pal, allegedly invested Rs 2.5 crore of the scam money in the movie, which is awaiting release.

Sources in the EOW said that Ram NiwasPalknewYadavbeforethefilm was made, and the actor was questioned to ascertain how the former channelled the money to the producers.

They added that the agency wouldnottrytostallthereleaseofthe film, but it had asked the producers not to recover their share once it hit the theatres. “We have told the producers not to withdraw the earnings generatedfromthefilmasthemoney is part of the scam,” the sources said.

For more than 18 months now, the EOW has been probing the scam, which involved a fraudulent marketing scheme. Some of the top bosses of SpeakAsiaareabsconding,including Ram Niwas Pal and his brother.

Yadav, known mostly for his comic roles, was summoned to the EOW’s office at the police commissioner’s chambers. Additional Police Commissioner (EOW) Rajvardhan confirmed that investigators had questioned the actor and recorded his statement.

When Mumbai Mirror contacted Yadav, he tried to play down the issue. “I play a role in the film, but I have not collected my fees yet. The EOW needed some clarifications, which I have given. The matter has beensortedout,”hesaid.Healsoconfirmed that investigators had asked theproducersnottoexpendthescam money invested in the movie.

Ram Niwas Pal is one of the key functionaries of Speak Asia, a multilevel investment scheme which allegedly cheated lakhs of investors.

A former IAF airman, he was last seeninMumbaiayearagowhencops arrested Speak Asia top boss Tarak Bajpayi. He is believed to have fled the city that day itself. His Mercedes SUV has been impounded by the EOW.