Speak Asia News 17 October 2011
News 1
News Source :- Speak Asia Association
News 2
Sources associated with the investigation told Express that the CID, which is gathering information from various channels about Speak Asia, said Harinder Kaur floated the companies during the last few years and closed them down one after the other.
The CID further learnt that a Singapore national, said to be close to Harinder Kaur, was made the director of these companies. She floated one company Seven Rings in Singapore with offices in Dubai and Mumbai. It had also come under the adverse notice, sources said.
Investigators said Rs. 25 crore from the company office in Dubai was sent to the Mumbai office sometime ago which was used in investing in properties owned by Speak Asia. “We are obtaining more information on the business transactions of these companies. As per the available information, Harinder Kaur is presently in Singapore,” sources said.
The CID is seeking the help of Interpol to lay their hands on the MD and other officials of the company, which is accused of committing a fraud to the tune of Rs. 2,000 crore by running a ponzi scheme. The online company had collected hundreds of crores from users by promising huge payments for filling its surveys. It was alleged that Speak Asia used new investments to pay existing subscribers.
News Source :- Ibn Live
Speak Asia News 24x7 Dated :- 17 October 2011
News 1
Speak Asia 17 October Updates
Good Evening Speakasians,
If you remember in my update of 8th October, 2011, I had wished this entire family a belated Vijayadashmi. I had also said that, Vijayadashmi for us Speakasians, is yet to come.
Speakasians today is the start of our journey to normalization, today was the first step to victory, so I wish to say that today is our Vijayadashmi and DIWALI for us will be the day the business restarts.
Allow me to most happily report today’s events as they unfolded in the Hon. Supreme Court.
At the onset the company’s Senior Counsel Adv. Gopal Subramanium (Ex. Solicitor General of India) drew the attention of the Hon. Court, to the intention of the company, where they have made abundantly clear through their affidavit filed before the Hon. Court, that they want to expeditiously pay all the dues of all the panelists, but are unable to do so as the banking channels have freezed up pursuant to the impugned “CAUTIONARY CIRCULAR” of the RBI dated 23rd May, 2011.
The court was not appreciative of the continued absence of the RBI. The RBI was absent even today although proper service of notice was affected almost 18 days back. The Hon. Court pointed out this gross inappropriate stand to the additional solicitor general Kirit N. Rawal who was present in the court and this ASG has now assured the court that he will ensure that the RBI will file their reply on the next date.
The company’s Counsel went on to suggest that a high powered committee be constituted under the chairmanship of any suitable retired Supreme Court Judge, The Hon. Court has now appointed His Lordship Justice Ramesh Chandra Lahoti (35th Chief Justice of the Supreme Court) to head the committee which will then decide the modalities for a quick payout.
The court wanted to know from the company if they were ready with all the details of dues of the panelists to which the company replied that if the website of the company which was in the custody of the EOW and all the documents which are lying with the IT department are released back to the company the company could immediately work out the updated dues and arrange for the payments expeditiously.
The court asked the counsels of the panelists to impleade the two parties i.e. EOW and IT Dept. The counsels of the panelists immediately gave their oral concurrence that the two parties may be impleaded (to give concurrence to them being made parties). The court was pleased to issue notice to the two above mentioned parties and these two parties i.e. EOW and IT to file their replies on the next date.
Friends, fellow Speakasians let me draw your collective attention to the present situation of the company and what has resulted in the stoppage of the business activities.
Friends there are no restraining order by any authority or any agency against the company as of now. The business has come to a standstill only because of two major issues:
a) The website of the company has been in the custody of the EOW because of which we the panelists can not undertake any activity on the website.
b) No inward remittances were being allowed to any of our accounts.
Barring these two issues there is nothing which is against the company which could have made this business to come to a standstill.
If you read the entire episode of todays Supreme Court matter the court has almost allowed both these factors to be normalized. If this happens then I suppose that the normalization of the business activities is not too far away and hopefully by next date of the Supreme Court which is slated in the first week of November.
The Hon. Court has adjourned the matter for two weeks.
Through the contact us someone had sent this suggestion “SAOL ke upar se bhari waqt gujar jayega, 15 November ke badh koi nahi rok paye ga SAOL ko india ka next super corporate ban ne se?”
“Competitors and Critics are Contributors to Our Improvement & Growth…..Always Thank & bless them.”…… Anon
Like I always say be patient, Have faith and trust your company.
Proud to be Speakasian…. Actually very proud
News Source :- Speak Asia Association
News 2
Speak Asia: Supreme Court form committe to Proceeding of Payment
Supreme Court had taken an initiative and form a committe of retired Judge which will See all the Proceeding of Payment. Supreme Court had also given his hard verdict on EOW and IT Department to give there Report in Two weeks .
In short we can say that we will get our money soon because a Reitred Judge will supervise all the Proceeding of the Payment.
And
The Main Duty of Judge will be to see all the money send to Panelist with the mutual understanding between RBI and SPEAK ASIA .
so it is a greate news we could see the money in Our ACCOUNT soon .
3. Supreme Court had strictly orders EOW to file his report against court in 2 weaks .In short this is a victory day for us .
It will be a milestone for Speakasia and SpeakAsian by ordering to EOW the Court had show the intention that court need to verify the legality of Speakasia.
Next Rested Hearing has been Scheduled on 20 October for the selection of judge and many other Technality .
Unforyunatly the Court was out of time today So they have Scheduled the hearing at 20 october .
Rested and Final Verdict may come at 20th Oct
it is just an speculations .
By ANIL KALWANI
And
The Main Duty of Judge will be to see all the money send to Panelist with the mutual understanding between RBI and SPEAK ASIA .
so it is a greate news we could see the money in Our ACCOUNT soon .
3. Supreme Court had strictly orders EOW to file his report against court in 2 weaks .In short this is a victory day for us .
It will be a milestone for Speakasia and SpeakAsian by ordering to EOW the Court had show the intention that court need to verify the legality of Speakasia.
Next Rested Hearing has been Scheduled on 20 October for the selection of judge and many other Technality .
Unforyunatly the Court was out of time today So they have Scheduled the hearing at 20 october .
Rested and Final Verdict may come at 20th Oct
it is just an speculations .
By ANIL KALWANI
स्पीक एशिया: हुर्रे आ गई छोटी दीवाली, सुप्रीम कोर्ट ने बनाई कमेटी
नेशनल न्यूज ब्यूरो
स्पीक एशियन्स के लिए तो यह खबर जैसे दीवापली की रंगीन आतिशबाजी से भी ज्यादा खूबसूरत है। सुप्रीम कोर्ट ने एक सेवानिवृत्त न्यायाधीश की अध्यक्षता में एक समिति के गठन का आदेश दिया जो यह देखेगी कि पेनलिस्ट को भुगतान सुनिश्चित हो। वहीं दूसरी ओर ईओडब्ल्यू को दो सप्ताह में अपनी रिपोर्ट सौंपने का आदेश भी दिया है। सुप्रीम कोर्ट के इस आदेश के बाद कम से कम पेनलिस्ट का रुका हुआ भुगतान मिलने का रास्ता तो सुनिश्चित हो ही गया। इसके साथ ही उम्मीदों का एक नया आसमां भी तैयार हो गया है। स्पीक एशियन्स बहुत खुश हैं और देश भर में खुशियां मनाई जा रहीं हैं, बधाईयां दी जा रहीं हैं। लोगों को अब लग रहा है कि वो दिन दूर नहीं जब स्पीक एशिया फिर से पटरी पर आ जाएगी।
सुप्रीम कोर्ट ने सुनवाई के लिए अगली तारीख 20 अक्टूबर सुनिश्चित की है।
News Source :- The Bhaskar
News 3
Speak Asia MD floated, closed down 25 firms
HYDERABAD: Sleuths of the Crime Investigation Department (CID) probing the Speak Asia fraud, have learnt that Harinder Kaur, managing director of the company, floated and closed down about 25 companies in Singapore after duping many people.Sources associated with the investigation told Express that the CID, which is gathering information from various channels about Speak Asia, said Harinder Kaur floated the companies during the last few years and closed them down one after the other.
The CID further learnt that a Singapore national, said to be close to Harinder Kaur, was made the director of these companies. She floated one company Seven Rings in Singapore with offices in Dubai and Mumbai. It had also come under the adverse notice, sources said.
Investigators said Rs. 25 crore from the company office in Dubai was sent to the Mumbai office sometime ago which was used in investing in properties owned by Speak Asia. “We are obtaining more information on the business transactions of these companies. As per the available information, Harinder Kaur is presently in Singapore,” sources said.
The CID is seeking the help of Interpol to lay their hands on the MD and other officials of the company, which is accused of committing a fraud to the tune of Rs. 2,000 crore by running a ponzi scheme. The online company had collected hundreds of crores from users by promising huge payments for filling its surveys. It was alleged that Speak Asia used new investments to pay existing subscribers.
News Source :- Ibn Live
Speak Asia News 24x7 Dated :- 17 October 2011
