Please allow me to place before you the story from the affected 20 lakhs panelists’ view point.
* February/March 2010 Speakasiaonline Pte. Ltd. (SAOL) a company
registered in Singapore starts its operation in India.Basically
Speak Asia registration in SingaporeWith Number of
200618809D
* Speak Asia Online Line (SAOL) starts their operation as a
Paid Surveys Provider
company, in its first or its launch phase, and its tag line was “We
Value your Opinion”. As When People Joined and Answers the Surveys they
get Paid .
* Because of the unique idea combined with aggressive field support
from the company, SAOL grew at a phenomenon speed and in short time of
less than a year SAOL panel size grew to a whopping
20 lakh panelists.
* The huge size of the SAOL family along with a pan India presence spread over every demographic
possible made it the biggest provider of survey panels on the international panel exchanges.
* All the panelists have always been paid promptly and regularly by the company till the
12th May, 2011, But on 11th May A news Channel Named "Star News" show a news
Star News Exposes Speak Asia and and Some of the Politicians such as Kirit Somaya as
Letter by Dr. Kirit Somaiya Against Speak Asia on 18 May 2011 .On 16th We ( SAOL ) arrange
speak asia press conference where all our
Speak Asia Management Including Mr. Manoj Kumar CEO ,
Tarak Bajpai ( COO ) ,
Narayanan Rajagopalan
, Mr. Vivek Gautam ( Chief Marketing Officer ) , Sanjeev Mehta (
Country Head Sales ) and Sanjeev Dwived. In This Press Conference Mr .
Narayanan Rajagopalan Speak Asia Explained About
Paid Surveys and try to Understand the Speak Asia Business Model But after that the bank accounts were closed by the company bankers
M/s United Overseas Bank, Singapore, on 27th May, 2011 probably due to the cautionary circular
sent out by the RBI vide circular No. DBS.CO.PPD No.16237/11.01.005/2010-11 dated 23rd May, 2011.
* SAOL has been approaching the RBI and various other appropriate agencies to seek permission for
establishing their permanent establishment and for restarting the
operations and restarting the payments to their panelists (us).
* An Individual not connected to SAOL filed a criminal PIL in the
Mumbai high court against the Government of Maharashtra, seeking
directions to the police to set up a suitable mechanism to avoid any
sort of internet fraud to safeguard gullible small time investors.
* The Hon. High Court presided by her ladyship Justice Ranjana Desai
was pleased to instruct the EOW to file their affidavit on the
mechanism in place to safeguard the investors. She had made some
observations which were prime facie observations not in any way
pointing to the SAOL.
* The EOW erred in their interpretation of the Hon. Ladyship and
started investigating SAOL with a vengeance. The investigation arises
out of a FIR filed by one Mr. Khosla, who has been a panelist of the
company and has been regularly getting paid by the company till the
bank accounts were closed in May, 2011.
* Some FIRs have been filed by few aggrieved panelists all over the
country. It is not the case of any complainant that they have not
received payments before the bank account was unfortunately closed down.
* SAOL is on record and are committed to restart the payments as soon as the banking channels are restored.
* This sudden stoppage of operations and stoppage of payments of SAOL
has adversely affected us the 20 lakh Indians who are the panelists of
the company.
All the 20 lakh Panelists had joined the business module to enhance
their earnings and see a positive change in their living standards and
until May 2011 have experienced the fruits of this association many of
whom have experienced a total positive change in their life style.
* It has been almost three months since the monies have freezed up and
still all the panelists (barring a few who have complained) are
patiently waiting and support the company’s endeavor to get out of the
problems and restart the operations.
* The present Association is formed, based and arising, out of support E mails received from all over the country.
*
Speak Asia Association has filed a
Speak Asia PIL
before the Hon. High Court at Mumbai. Which is now posted for 7th
September, 2011, When the Government of Maharashtra is to file its
reply.
* Some of the panelists have independently moved the Supreme court and are in the process of filing a
PIL
before the Hon. Supreme Court asking for ad interim relief and prayed
that the monies which are seized by the authorities in India be brought
under the custody of the Supreme court and under its supervision be
distributed amongst the panelists.
* Important to note here that between
Genx Bazaar GOA 9 - 11 May 2011organized one of the
biggest consumer gathering under the name and style of Gen X held in Baga, Goa.
* Gen X saw various reputed brands like, Provouge, Reebok, Gitanjali jewellery, American Tourister,
Samsonite, IFB Electronics, Flying Machine, TVC skyshop, and Skoda Automobiles to name a few,
display their wares for the Speakasians to purchase. A whopping over
Rs. 4 to 5 crores were transacted in one day of shopping making it a
record single day shopping record.
* The end of Gen X was to usher in the company’s ambitious second phase and the tag line now is “Consumer empowerment”
* The company has grown from being a survey based company and is now
into as they call the 5th ‘P’ of marketing i.e. PRECISION MASS
MARKETING.
* This second phase was to unleash a revolutionary phase where the
company was planning to use this humongous size of its panelists and
use their purchasing power to provide the panelists with international
quality of products at prizes which were half of what these products
are presently available at.
* We the Panelists feel that because of the unprecedented success of
the company and its unveiling of its revolutionary new product based
platform, has sent jitters in the trade in general and caught the envy
of the company’s competitors.
* This unknown enemy of the company is presently orchestrating and
unleashing a vicious and malicious negative campaign against the
company.
* The Architect of the campaign against the company has unknowingly
harmed the interest of 20 lakh Indians and has affected lakhs of
marginal players whose kitchen fires were being run on the earnings
they received from SAOL.
* The stoppage of the legitimate operations of SAOL has in fact
violated the basic fundamental right of each individual “The right to
livelihood”
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