SpeakAsia Investigation, It will take more time: Corporate Affairs Ministry

Editor | News, Speak Asia | 23/10/2012

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The Corporate Affairs Ministry has come to a conclusion that probe into alleged fraud at SpeakAsia can take even more time due to legal difficulties.

The Serious Fraud Investigation Office (SFIO), under the Ministry, is probing the claimed irregularities at Singapore – based multi-level marketing company SpeakAsia.

In response to a Right to Information (RTI) inquiry on the issue, the Ministry stated the time frame for finishing the SpeakAsia probe is yet to be quantified.

“Investigations into the affairs of the business SpeakAsia Online Pvt Ltd is not yet finalized and due to various legal issues associateded with carrying out examination of a foreign business having operations in India, the time frame for completion has not been quantified,” the Ministry has stated.

As of now, there is no clearness on whether it has the powers to probe irregularities of a business, which is signed up overseas, but has operations in India also.

The investigation agency is awaiting explanations on the issue from the Corporate Affairs and Law Ministries.

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Now Star News Exposes Ram Survey Scam

Editor | News | 25/05/2011

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Star News has now exposed Ram Survey, this is their second scam reporting on survey scams. Earlier Star News had covered a report on Speak Asia Online. The news on Speak Asia created a lot of hue and cry among Speak Asians. After Star News many channels like Aaj Tak, CNBC etc, covered in-depth reports on online survey companies.

Ram Survey is from Mirzapur, Uttar Pradesh. During the initial days of Ram Survey, many Speak Asians were says that it is just a copy cat of their company. During Star News investigation, they found that like Speak Asia, Ram Survey also gives online magazine to the subscriber for that company charge Rs.3500.

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Ram Survey under police raid at Varanasi-Uttar Pradesh

Editor | News | 24/04/2011

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NEWS: Ram Survey, new mlm player after Speak Asia, has come under police raid at many places in Varanasi, Uttar Pradesh. Some even say that Ram Survey is a copy of Speak Asia Online. Now many survey concepts are in the market to capture business through MLM route. Few years back, there were non-working or growth plans, people in those plans lost money to the tune of hundreds of crores. Kanaka Dhara was first among those plans. Our suggestion to you is that put your money carefully, if you like taking risk, at least do not risk other’s money.

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