Speak Asia CEO's message on Youtube

Dear BizBasket viewers,

Please go through the important message from the CEO of the Speak Asia Mr. Manoj Kumar on following link http://www.youtube.com/watch?v=HxzO-LqZ3NY

This was much needed message from any official of the SAOL because the media, particularly Times Of India has gone crazy and out of control and acting as mouth piece of the competitors of SAOL, publishing crap against Speak Asia family.

This video message is in Hindi. This message has also been translated and published on the the Speak Asia panelists association website www.aispa.co.in

Lets stay united and take this battle to its conclusive end which is very near.

Proud to be Speak Asian ! ! !

Media goes berserk behind Speak Asia ! ! !

Dear BizBasket viewers,

Today when I woke up over a cup of tea, to my surprise I saw the front page of Mumbai Mirror where as usual the Times of India group again spitted bad on the Speak Asia Family. Entire India and particularly the Speak Asia family must ask following questions to the Times Of India group in whichever manner suitable to them :

1. When a legal matter is in the apex court of India, who gave the right to the Times Of India to put a tag of "fraud firm" on Speak Asia? Don't they have any respect or fear from the apex court of the country? Isn't there any law in our country which can keep insane media under control? Isn't Times of India an accused of contempt of court?

2. All of us remember that it was none other than Times Of India which was publishing the half page advertisement of Speak Asia every week, seeing which thousands of innocent Indians joined the company. Didn't Times of India know that time that the company is running a fraud scheme? Or they are just bothered about money and have no business ethics?

3. All of us know that malicious competitors of the SAOL are behind this regular media attack and particularly at a time when the mediation process has been completed and the verdict is almost at our doorstep.Honorable supreme court after deliberate perusal of facts found that its a genuine trade dispute and should be resolved through mediation process, and also appointed a mediator who is none other than the ex chief justice of India. Why Times Of India is not reporting what is happening positive in supreme court in favor of SAOL?

Friends ! there are many other questions which we can ask from the malicious media which is supposed to be neutral. But in the case of Speak Asia case we all have seen the nude picture of the Indian media and we have come to know that media in our country is just a business for making profit and genuine journalism cannot be expected from it. At this critical point of time when the final verdict is about to come we request each and every Speak Asian to be united and have trust in the judicial system of the country. The legal process is very slow in our country but finally the truth prevails in the court.

United we win ! divided we fall !!!

Proud to be Speak Asian ! ! !

Speak Asia mediation process completed

Dear BizBasket viewers,

As per our conversation with the SAOL officials following are the updates:

1. The much awaited mediation meeting under the supervision of honorable retd. chief justice of India Mr. Lahoti has been concluded. The third and final mediation meeting happened yesterday on 19th december, 2011.

2. An important fact to be noted is that the Economic Offence Wing(EOW) of Mumbai Police was also represented in the last meeting. Now each and every party has been represented properly in front of the honorable mediator.

3. Now once honorable Mr. Lahoti presents his mediation report in supreme court the hearing will start. It is expected to start in first week of January after the winter vacation of the court.

Note: In our view the Speak Asia case has come to a conclusive phase where as soon as the hearing in supreme court starts, within few weeks the final verdict will be out. At this moment we suggest all the Speak Asians to stay united and pray to god that the final outcome come in the favor of Speak Asia family.

Proud to be Speak Asian ! ! !

Speak Asia's present and future . . .

Dear BizBasket Viewers,

Its been quite a while we could not update you on the legal proceedings relation to SAOL. As everyone must know that we are unable to update you all because as per the direction of the honorable mediator retd. justice Mr. Lahoti the entire mediation process has to be kept secret.

At this point of time we request all Speak Asians not to pay attention to any unauthentic information either positive or negative. One fact which we have come to know through our SAOL sources that the mediation meeting is certainly going in SAOL panelists favor and the hearing in supreme court on the outcome of the mediation process is going to start very soon.

There are several court hearing going on simultaneously in SAOL matter both criminal and civil in nature, but the one on which the immediate distribution of money to the panelists and the future of Speak Asia business is dependent is the Solomen James matter under the mediation of honorable Mr. Lahoti. One clear cut instruction to the concerned govt. dept. by the supreme court, obviously after getting satisfied about the business model and its lawful execution by SAOL, and you will see your Reward Points (RPs) getting reflected in your bank Accounts and business getting restarted.

BizBasket's suggestion to all Speak Asians is not to worry at all because in the history of online marketing in India no Company other than SAOL has fought its case in each and every concerned court of law, so vigorously and dutifully. Generally in the absence of any clear cut law to govern online direct selling in India every time when authorities and competitors hit a Company, the promoters and management prefers to run away rather than fighting the battle. In Speak Asia's case the authorities, media and competitors got a sure surprise and the Company proved it beyond doubt that they have a sustainable business model in place and they are not going anywhere.

It is not secret that they have appointed one among the best lawyers in the country, are able to hold entire consumer base of 20 lakh people as well as employees, have no intention to flee the country in any way and fighting the case tooth and nail.

In our point of view the future of Speak Asia business will be very secure and rewarding which could be passed on to the next generation. Once the Company comes out of this legal mess every one can peacefully earn their living on it without having fear of being unnecessarily harassed by the corrupt and rotten system of our Country.

Speakasia Mediation Report by Justice Lahoti

Dear Bizbasket Viewers,

There is an important update for everyone. Hon' Justice Lahoti will be submitting his report to the Supreme court on 12th of December. This report will contain the details regarding the ongoing mediation process and his opinion and findings. Based on this report, Supreme court will continue the proceedings of the case and a decision is expected soon after that. 

Bizbasket will keep you updated on this.

Speakasiaonline Marketing Team Update 04/12/2011

 

Dear BizBasket viewers,

We would like to draw your attention to the official communication website of Speak Asia Online Pte. Ltd. http://www.speakasiaonlinemarketing.blogspot.com/ where the Company has posted latest update about the ongoing legal battle and narrated how the Company and its panelists are being targeted by the authorities and competitors with vested interest. This is happening in spite of ongoing mediation process under the supervision of honorable Retd. Chief Justice Mr. R. C. Lahoti.

We request all of you to go through the latest update from the Company and inform your team about it. At this critical juncture only and only the unity among Speak Asia family can bring all of us out of this mess. By this time the intention of the SAOL management is crystal clear that they want to fight this legal battle vigorously so that the business can be restarted and panelists money can be refunded. Now its the time for the panelists to show their support to the Company so that this legal battle can be brought to a conclusive end.

One small mistake from the panelist community and again it will bring all of us back to square one from where it all started. So we request all of you to be calm and stay united with the company till we win this battle in the court of law.

Proud to be Speak Asian ! ! !

Speak Asia Panelist Association updates 2/12/2011

Dear BizBasket viewers,

As everyone must know that the president of AISPA Mr. Malwyn Crasto’s bail application will be heard in the court room No. 19, please everyone try to come at quila court, Mumbai tomorrow (2nd Dec 2011) at 12.30 PM.

Let us show our strength of togetherness as a family.

Proud to be Speak Asian . . .

Team BizBasket

Speak Asia Mediation Process Started

Dear BizBasket viewers,

The much awaited mediation meeting under the chairmanship of honorable retd. chief justice started today at the mediation center in New Delhi.

As per the news which we got from the officials of the SAOL, Mr. R. C. Lahoti had listened all points carefully and issued further notices to all concerned departments. Advocate Mr. Rajiv from panelists side, Adovocate Mr. Abdi from the Company side and advocates from RBI only were present there. No other department officials were present there. All the advocates of SAOL are satisfied from todays proceedings and outcome of todays meeting. All other departments got notices from Mr. Lahoti.

The meeting is not yet concluded and will be continued for some more sessions in couple of days. As and when we'll get the update of the meeting we'll keep you all posted.

Lets fight together till we win. Proud to be Speak Asian ! ! !

AISPA President Melvin Crasto taken in Custody

Dear BizBasket Viewers,

Mr. Melvin Crasto, President of All India Speakasia Panelist Association (AISPA), has been taken in custody by the EOW officials in Mumbai for interrogation. This comes as a big surprise for all of us. Mr. Melvin will be produced before the Qila court Mumbai, today (25th November) at around 2PM.

Speakasians in and around Mumbai are requested to gather and show their support to one of the panelist Mr.Melvin, who has done a great job of pushing information through AISPA website in hours of need.

Speak Asia mediation postponed to 28th November

Dear BizBasket viewers,

Please be informed that today's(21st November, 2011) scheduled mediation meeting among various concerned parties (EOW - Mumbai Police, Enforcement Directorate, RBI, CBDT, SAOL, Haren Ventures etc) under the supervision of honorable Retd. Chief Justice of India Mr. R. C. Lahoti got postponed to 28th November. As per our knowledge the reason given for the postponement is honorable Mr. Lahoti being out for some other case.

Friends ! we are waiting for 6 months and are mentally prepared to fight this lengthy legal battle till its end. This another postponement of 1 week is definitely annoying for all the Speak Asia family members but we have to understand that this is the way Indian legal system works where not surprisingly "a son gets the decree of the case filed by his late father". We are still fortunate that in our case the hearing is going on in honorable supreme court which is still reasonably fast.

Let us keep faith in our company and its management which has fought the case with honesty and aggression till date. In our view the SAOL leadership is very strong and resourceful which is able to handle such a complex situation. Had this not been the case, the 20 Lakh people of India are not fools who are still together and supporting the company in letter and spirit. Our victory is sure but the timing is not.

Lets fight for our "right to honest living" together. Proud to be Speak Asian.

Speak Asia's hearing and BizBasket's legal research

Dear BizBasket viewers,

As everyone know that we all Speak Asians are going through a lengthy legal battle which has come to almost on a conclusive point, we thought of publishing our research on the legal cases and judgement pronounced regarding our business across the world. Since Amway is considered as the mother of all Network marketing companies and also which has fought and won most of the legal cases across world, we have taken it as our case study.

In a 1979 ruling,the Federal Trade Commission (USA) found that Amway does not qualify as a pyramid scheme because distributors were not paid to recruit people and had to sell products to get bonus checks, and the company was committed to buying back its distributors' excess inventory.

In May 2007, the UK Department of Trade and Industry (DTI) accused Amway and distributor organizations Britt World Wide and Network TwentyOne UK of "objectionable practices" and petitioned to wind up the companies. The case against Amway was dismissed in 2008 on the condition that a full earnings disclosure is published publicly, no registration or renewal fees are charged and that the sale of business support materials are prohibited.

Back home in India in September 2006, following a public complaint, Andhra Pradesh state police (CID) 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. The enforcement said that the business model of the company is illegal. The Reserve Bank of India (RBI) had notified the police that Amway in India may be violating certain laws regarding a "money circulation scheme" .

Following a petition by Amway, the state High Court issued an injunction against the CID and stated the Act did not prima facie apply, however after Amway requested the CID petition be dismissed the High Court declared that if police allegations were true, Amway's Indian subsidiary would be in violation of the act and the investigation should continue. On August 14, 2007, the Supreme Court of India ordered the state police to complete the investigation against Amway in 6 months. In 2008, citing the High Court decision, the Andhra Pradesh state government enacted a ban on Amway media advertisements. Amway challenged the ban and in July 2009 the AP High Court refused a petition the ban should be enforced. As of June, 2009 the original 2006 CID case was still pending at the Chief Metropolitan Magistrate Court in Hyderabad.

On August 6, 2011 Kerala Police sealed the offices of Amway at Kozhikode, Kannur, Kochi, Kottayam, Thrissur, Kollam and Thiruvananthapuram following complaints. The Kerala High Court on 9 November directed the DGP, Kerala Police to file a statement regarding the status of the investigation initiated against the multi-level marketing companies. A Division Bench comprising Acting Chief Justice Manjula Chellur and Justice C N Ramachandran Nair issued the directive while considering a petition challenging the government order regarding the Kerala direct selling regulations.

One of the most important fact which you all would have noticed in the article is that the law across the world is against "Payment of money on recruitment of People in chain". In India it is banned by Prize Chits and Money Circulation Schemes (banning) Act, 1978. Now in case of Speak Asia to restart the business, only thing the learned counsel of the company has to prove in the court of law is, SAOL doesn't pay on recruitment of people. In our view this can be proved without doubt in case of SAOL business model because here "referral is Optional and not Compulsory". Further each and every panelist is paid only for his/her work done.

From the order of the honorable supreme court on 14th Nov, 2011(where a mediator has been appointed for an amicable settlement of issue among parties) it looks like the major victory is almost achieved because in the order there is no mention of SAOL being accused of (1) "distributing quick or easy money" or (2) "Making payment for recruiting people". The court has felt that its a genuine business dispute and should be solved peacefully between the parties concerned. In our opinion it looks like SAOL will definitely be able to restart its business very soon.

Lets hope for the best ! Proud to be Speak Asian ! ! !

Supreme court order in Speak Asia case on 14/11/2011

Dear BizBasket viewers,

Please go through the following link to see the exact order of the honorable Supreme court in the case of SAOL on 14th Nov, 2011.

http://courtnic.nic.in/supremecourt/temp/3832011314112011p.txt

This is a public document and for the convenience of our viewers we are publishing the exact copy of the order below :

O R D E R

We have heard the learned counsel for the parties.

In our considered view, it is a fit case where a serious attempt should be made for an amicable settlement of the dispute between the parties through the intervention of a learned mediator.

We, accordingly, request Hon'ble Mr. Justice R.C. Lahoti (Former Chief Justice of India) to explore the possibility of an amicable settlement between the parties and submit a report to this Court after the mediation proceedings are concluded.

The learned Mediator would be at liberty to fix his fees/remuneration.

We direct the parties to appear before Hon'ble Mr. Justice R.C. Lahoti on 21st November, 2011 at 11.00 a.m.

List this matter immediately after receiving the report from the learned mediator.

A copy of this order be sent to the learned mediator within two days through a special messenger.

Speak Asia case update in Supreme court on 14/11/2011

Dear BizBasket Viewers,

Till now exact step by step detail of the hearing is not available on any authentic media. In a day of two we need to visit on the honorable Supreme court's website providing case type as writ petition and case no. as 383 to know exact recording of the case. We are expecting entire detail to hearing to be written on SAOL's blogspot www.speakasiaonlinemarketing.blogspot.com also very soon.

However as per our discussion with the officials of the Speak Asia following are the updates of today's hearing:

1. First of all none of the representatives from the required government departments i.e. RBI, CBDT(Tax dept.), EOW, MCA etc were present today during the hearing. This in fact proves that non of the departments have anything to prove against SAOL. This was a very surprising but a pleasant fact of today.

2. Secondly Justice Ramesh Chandra Lahoti who has been appointed by the supreme court as the head of the committee will look after the payout to the panelist. This payout process can start anytime and has nothing to do with any other aspect of the case.

3. The next hearing of the case is listed to 21st Novemeber, 2011 when probably the business restart might be discussed.

Friends ! In our opinion the best part of today's hearing was the absence of all the concerned departments from the court. Not even single department's representatives appeared for hearing. We hope that the BizBasket viewers are intelligent enough to understand what does it means. We are seeing a clear cut victory in coming days. And we would also like to mention that the victory is not too far because when it comes to Supreme court the matter gets a speedy trial and comes to a conclusion very fast. So lets set all our eyes for the 21st hearing and hope that the payout starts even before that.

Regards

Team BizBasket

Speakasia COO Tarak Bajpai Gets Bail

Dear BizBasket Viewers,

Mr. Tarak Bajpai and all other speakasia officials have been granted bail. This puts a big question mark on the news about the COO disappearing from the custody, published by some newspapers. This news and the working website of speakasia shows the progress of the case in favor of SpeakAsia and it's panelist. 

It's time to keep ourself united, informed and motivated. Further details and updates will come out after 14th November's hearing in Supreme court. BizBasket will keep you informed about everything as always.

SpeakAsia Website is BACK

BIG NEWS FRIENDS. SPEAKASIA WEBSITE IS BACK.  Login to your accounts now!!

www.speakasiaonline.com

STAY TUNED FOR MORE UPDATES

Speak Asia's hearing in Supreme court on 14/11/2011

Dear BizBasket viewers,

Please go through the following link on the website of the honorable Supreme Court of India to know that the next date of hearing for Speak Asia case is on 14th Nov, 2011.

http://courtnic.nic.in/supremecourt/casestatus_new/caseno_new_alt.asp

You may also very well track down the history as well as complete detail of the case on this link. On the left of the web page click on "case number" - > In the first box Case Type select "Writ Petition (Civil)" and in Case Number type "383"; you'll get all the information required.

We wish to caution all the Speak Asians that there are many people out there who are spreading many rumors both positive as well as negative. We are writing this article just to make sure that each and every Speak Asian must know as to where to look for authentic information related to this case.

We request everyone to just look at the website of Supreme Court and the company's blogging site speakasiaonlinemarketing.blogspot.com only and no other place. Please understand that only one entity in our country which is impeccable and unbiased and which can rescue Speak Asia family from this crisis created by disgruntled competitors and malicious media is honorable Supreme Court of India. All the case hearing will definitely be recorded on its website http://supremecourtofindia.nic.in/ . Any thing other than what is written on this website is rumor and you should discard it.

Friends ! Stay united. Victory is very near . . .

Proud to be Speak Asian.

Regards

Team BizBasket

Speak Asia's fight with malicious MEDIA

Dear BizBasket viewers,

We want all of you to go through the following link in Youtube in which the Chairman of the Press Council of India Honorable Justice Markandey Katju has strongly criticised the way MEDIA functions in India. He strongly recommends that crazy Indian media must be made accountable to at least someone.

http://www.youtube.com/watch?v=EbFvcgppjs4

We need not mention that it was none other than media led by great Star News who tried to spoil the financial future of 20 Lakh Indians who are Speak Asians. After this news channel almost every channel and newspaper in India tried to take their share of profit out of the misery of 20 lakh innocent Indians.

Media is not bothered to report when the honorable supreme court of India give some positive relief to the Speak Asia community. Such a big news is not worth reporting. But of course it is worried about where Mr. Tarak Bajpayee is, whether he has reported to the court or not. And that is not a small news. It is such a big news that it finds place in the front page of Times of India. The standered of media has gone down so much that journalists are seen equivalent to criminals in our society.

I am feeling really proud to call myself a Speak Asian because this time SAOL legal team didn't take it lightly. Please go through the following link of companies blog site where the legal notice which was served to the Times of India is available.

http://speakasiaonlinemarketing.blogspot.com/

Friends ! victory is sure for all of us. In any democracy if any movement has people's support, it certainly cannot be suppressed. In SAOL's case it not only the Company which is fighting alone, but a strong community of 20 lakh Indians are also with the company. After such a long legal battle also people have not left the trust in company.

We all are waiting eagerly for the hearing of the honorable supreme court on 8th November. On that date at least some relief should definitely come to the Speak Asians. All Indians know at least one thing that Indian judiciary is unbiased, brave and not at all affected by the opinion of malicious media of India.

Lets fight together till we win . . .

Proud to be Speak Asian !

Regards

Team BizBasket

Speak Asia's victory and future of Network Marketing

Dear BizBasket Viewers,

Everyone must have come to know about the relief which honorable Supreme Court of India has given to SAOL and its 20 Lakh panelist. This and the coming judgement in this high profile case is going to be a landmark in the history of Network Marketing in India. we thought of publishing an article on the potential and future of Network Marketing in our country.

Network Marketing is not some fad but a scientific, organized, proven way of doing business worldwide.

Some of the facts about Network Marketing :

• Started in 1941 in USA and has evolved into an industry world over.
• Network Marketing is well entrenched in over 80 countries.
• Many NM companies exhibit rapid growth in Annual Turnover [20% to 300%].
• As per Indian Direct Selling Association (IDSA), at INR 4,120 crores (US$915 million) for FY09–10, the industry displayed a robust 24% growth over the previous year (2009)
• Major players in the market believe that India, with its large population and increasing per capita income, presents an attractive opportunity for companies to expand their footprint.
• more than INR409 crores (US$90 million) paid as taxes in year 2009-10.

Following are the new trends in the direct selling business :

Micro trends:

(a) Recruitment will increase rapidly since current demand is to increase the earning capacity;

(b) All member companies are launching new products this year;

(c) All companies are expanding going to have new distribution centres to reach their customers quickly and the focus would be rural India.

Macro trends: Legitimization, authenticity, range of products, prevention of fly by night operators, growing support from the Indian and global Industry at large and requisite attention from the Government and policy makers.

Qualifications of a successful Networker:

Although the Network Marketing does not require any specific qualification, successful Networkers are known to have exceptional:

Selling skills

Presentation skills

Motivation skills

Leadership skills

A basic understanding of finance

However, two key factors critical for success are:

Focus, commitment and hard work

Faith in the direct selling profession and the industry.

Friends ! after the honorable Supreme Court gives a go ahead in the SAOL case the business is going to blast. Now its the time to go back to your respective network teams and gear up for the business restart. We wish all Speak Asians very bright financial future.

Proud to be Speak Asian !

Supreme Court hearing of Speak Asia on 17/10/2011

Dear BizBasket viewers,

As per our conversation with the officials of Speak Asia the hearing in the honorable Supreme court happened as follows:

1. The SAOL Lawyers in supreme court said the first point that all the accounts those are siezed by Andhra Pradesh CID, be transfered under Supreme court of India which the Honorable judge agreed and ordered for the same.

2. The SAOL Lawyers asked for a committee to be made and headed by retired Supreme court judge for disbursement of funds to panelists, and Supreme court agreed for that too and formed a committee headed by retd. Judge Justice Lahoti.

3. The court came very harsh on all the concerned agencies and departments for not submitting their reports yet.

4. Next hearing is on 20th October 2011.

From today's hearing we are certainly seeing a very positive ray of hope that our Company will start its normal business operations very soon. First step towards this will be the disbursement of dues to panelists by the Company which is now 100% guaranteed as per today's direction of the honorable Supreme Court. We are very near to victory from where we can see a very bright future for our family and friends.

Speak Asia case hearing by Supreme Court on 17/10/2011

Dear BizBasket Viewers,

By this time everyone should know that there is going to be a very critical hearing of Speak Asia case by honorable Supreme Court of India on 17/10/2011. This news was also broadcasted by CNN - IBN today on 16/10/2011 at round 1.15 pm. Please go through this link to know about what was the content of the broadcast by the CNN - IBN.

All eyes are now set on the honorable Supreme Court and 20 lakh panelists are desperately waiting for a clear cut opinion of judiciary on this case. By this time as per various previous news the Registrar of Companies (ROC) has submitted its report to the Government of India. RBI also had conducted a meeting with Speak Asia legal representatives (for detail Please go through the RTI reply by RBI posted on www.bizbasket.net). Now all the required facts are probably in front of the court. We hope some sort of decision should come out of tomorrow's hearing. Lets hope for the best and pray to god that we win this lengthy legal battle which has been forced upon us by the media and competitors of the SAOL.

Proud to be SpeakAsian !

Whats Going on with SpeakAsia?

Dear BizBasket Viewers,

There are lot of things going on behind the scene. After a gap, we at BizBasket want to show two important things which shows why we have faith in SAOL and why we think that the management is fighting tooth and nail.

Firstly, watch the video below in which the CEO of the company Mr.Manoj Kumar is being asked some questions at Abu Dhabi airpot, in which he clearly mentions 3 things

1. They got approvals in Bangladesh

2. They are approaching UK government

3. They have made good progress in India and will soon start business here.

We leave rest of the things for you to decide about how confident he is in this video and some more minor details.

Secondly, we would like to share with you the RTI reply that one of the panelist Mr.Swapnil received and shared with us at our Facebook Page (www.facebook.com/SpeakAsiaOnline.BizBasket) regarding RBI and SAOL.

Page 1

 Page 2

Page 3

Below are the IMPORTANT details present in the RTI reply.

Q. Please provide a copy of circular dated 23rd May with respect to SpeakAsia sent to the banks.

Ans. A confidential circular was sent to all the commercial banks regarding SpeakAsia which can not be provided to you.

Q. From which date the accounts of SpeakAsia were stopped from functioning, i.e. were sealed.

Ans. There were no instructions from our (RBI) end to seal the accounts.

BizBasket View: The RBI never said that the bank accounts must be sealed and it was completely the decision of the banks, which was influenced by the media negative publicity. See how our income was effected by the media campaign against SAOL even without RBI saying so.

Q. The court case 1365/2011 at Hon. Mumbai High Court was disposed off asking RBI to give time to SpeakAsia to listen and understand their business model. Was the time granted for the meeting? If yes, than please provide a copy of the letter issued in this regard. If no, than why?

Ans. As per the orders of Hon High Court on the petition 1365/2011 dated 14th July, 2011, a meeting was arranged with SpeakAsia on 19th September, 2011. SpeakAsia was being represented by few Legal consultants appointed by them. During the meeting they provided information regarding their business model and requested that their company must not be understood as a Multi Level marketing or Money circulation company. In the meeting, SpeakAsia was instructed by RBI that they must follow the FEMA guidelines word to word.

BizBasket View: The company always sent out the correct information regarding dates and court hearings. SAOL always had the right intentions to do business and same was communicated to RBI requesting them to understand the model. Interestingly, RBI instructed SAOL to follow FEMA guidelines. This makes sure that the business will restart and there are few changes which needs to be made, otherwise why RBI will instruct SAOL to follow FEMA if they dont have to agree with their business model and consider them doing money circulation and money laundering?? Thats the BIG news speakasians!!

Q. If RBI has received any instructions to seal the bank accounts of SpeakAsia, please provide a copy of that.

Ans. No such instructions has been received.

BizBasket View: RBI never received any instructions from ANY agency, court etc. to seal the accounts. This means that no one except Media is responsible for the closure of the business on which no monitoring body in India raised doubts. Since the case is now in court, we will definitely be back in business soon.

At the end we will request everyone to file such RTIs and see yourself the truth. 

Team BizBasket is proud to be SpeakAsian

SpeakAsia Fake Survey Reality

Dear  Viewers,

After the news of "Fake Surveys" being conducted by SpeakAsia in different media sections, the company has come out with the above letter addressed to all the speakasians. Please read the letter carefully. Below are the important things to be noted in the letter-

1. Mr. Nayan Khandoor of Brand Saloon inc. was not making surveys for Speakasia but was in contract with speakasia for putting the language of surveys (received from clients) as per Indian market and for SEO (this helps the website with better ranking in search engine results) purpose.

2. Authorities are yet to file a single charge sheet in the court.

3. The company now re-assures that they are "on our final lap". This means according to the management, they are very close to start the business.

So, we must now not listen to anyone but the final verdict which will make sure that we re-start the business very very soon.

SpeakAsia Updates and Email Address

Dear BizBasket Viewers,

Speakasia has taken yet another step to be connected with the Panelists. After their official blog www.speakasiaonlinemarketing.blogspot.com, website www.speakasiamarketing.com company has provided an email id corcom@speakasiamarketing.com. This email id can be used for direct communication with the company.

As we have seen that somebody has forged company’s letterhead and trying to misguide the panelist and create panic, we request you all not to believe any such source. In this shameless and selfish act, BizBasket logo has also been misused to show the communication from authentic source of Speakasia i.e. www.BizBasket.net. We would like to clarify that BizBasket does not update, own any other website related to Speakasia. We have another website www.HiringTimes.net but that has no relation to SpeakAsia.

Company is making good progress for business restart and the clear indication to the situation is the press release from the company below.

The letter reads as below

20th September 2011.

 
Post the order from the honorable Mumbai High Court the Reserve Bank of India granted an audience to the representatives of Speak Asia. The representatives were met by a panel of six top officials of RBI who gave them a patient hearing. The meeting was held in a cordial environment were the officials had some queries on the presentation made.

Commenting on the occasion Speak Asia spokesperson said "We are extremely pleased with the approach and positive attitude of RBI. This is a great opportunity for us to present our business model to RBI. We believe that this is a great step to facilitate the payments due to our family of over 12 lac panelists".

The RBI has now given the company two weeks to come back will the answers to their enquires.

Friends, everyone is waiting for speakasia business restart, and after that RBI gave time to listen us, the day is not far when we will be back in business. If you analyze the whole scenario, its revolving around two things

1. RBI clearance

2. Company registration in India

As RBI clearance is in progress, and MCA will have a positive approach after RBI clearance, there will be no hurdles for the company to start business in India. SpeakAsia is a company which has fought very hard and is sure that it will do business in India and change the definition of 'consumer' and 'retail market'

SpeakAsia CEO letter to Speakasians

Dear BizBasket viewers,

Kindly go through the official letter of the global chair person of SAOL Ms. Haren Kaur and the CEO Mr. Manoj Kumar. 

Friends ! as per the letter things are in our favor and the victory is very near. 

Further on 21/09/2011, the hearing of Bombay high court is scheduled and we pray to God that some clarity comes out of the court room. 

Lets stay together during bad time to enjoy a better lifestyle tomorrow. 

PROUD TO BE A SPEAK ASIAN

New Guidelines for Direct Selling

Guidelines for Direct Selling

Dear BizBasket Viewers,

Below is a news which is VERY important for Direct selling industry in India. BizBasket see it as a new beginning which was much awaited. Please read the below details.

THIRUVANANTHAPURAM (Kerla)

The State Cabinet approved on Wednesday September 7, 2011 the recommendations of the committee headed by Chief Secretary P. Prabakaran on direct selling, specifying guidelines for the sellers. Chief Minister Oommen Chandy told the media after a Cabinet meeting that direct selling companies which abided the law and did not cheat or fleece customers would be allowed to function. They should not function like money chains or resort to tax evasion. Compulsory subscription or insurance would not be permitted at any stage. The Chief Minister said the offices of multi-level marketing companies closed following police action could reopen if they functioned according to the guidelines, which would be communicated to the police immediately. Cases against them would be withdrawn if their operations were within the parameters of the guidelines. Otherwise, they should change their mode of operation before restarting sales. An official release said the guidelines specified that the consumer should have the right to get refunds if products found unsatisfactory were returned within 30 days. No product should be forced upon the sellers by the company and no membership fee collected. Commissions paid to direct sellers should be in tune with the quantity sold. The consumer should get an opportunity to examine samples before buying. Companies would be required to provide full information on their products and sellers. Salesmen should have identity cards issued by a government agency and should take advance permission for selling in various areas. They should issue clear records of the sales to the customer.

Companies should be authorised to do business in India and should file all mandatory returns. They should have trademarks or licences. They should maintain a regularly updated website giving details of their products, services, price, and other details, besides information on their companies.

Source  http://www.thehindu.com/news/states/kerala/article2432798.ece

This kind of guidelines must be in place in every state of India and also governed by Central government. This will make sure people can make this as alternate career and can be part of various industry operating on this model.

Letter from Speak Asia Chairperson & CEO Ms. Haren Kaur

Dear BizBasket Viewers,

Please go through the official letter from the Chairperson and global CEO Ms. Haren Kaur to all the panelists of Speak Asia family.

Things are changing very fast in the favor of SAOL and victory seems to be very near. At this point of time everyone of us has to keep patient and wait for the last laugh. As per our communication with responsible SAOL officials, for sure all the normal operations of SAOL is going to restart in India very soon. History is the witness of the victory for any direct selling/network marketing company who has fought vigorously in the court of laws in any part of the world. SAOL has already passed the acid test. The worst has already gone and the company proved the fact that it is not a fly by night entity and is here to survive for ever in India.