Speak Asia

  • Speak Asia scam: Second main accused arrested from Bangalore December 2, 2013

    New Delhi: The Delhi crime branch has arrested another main accused in the Speak Asia scam. Ram Niwas was picked up from Bangalore. Speak Asia is facing the allegations of a massive fraud of Rs 2,400 crore. It is being probed by the Economic Offences Wing (EOW) and the Enforcement...
  • Main accused in Speak Asia scam arrested November 26, 2013

    New Delhi: Ram Sumiran Pal, part of the top management of multilevel marketing company Speak Asia has been arrested. Speak Asia has allegedly duped nearly 24 lakh investors of over Rs 2,200 crore and FIRs against the company management have been registered all over India. Speak Asia was an online...
  • Money laundering case against Speak Asia January 3, 2012

    Mumbai: The Enforcement Directorate (ED) on Tuesday registered a case against Speak Asia, a Singapore-based online survey company, under the Prevention of Money Laundering Act in connection with a multi-level marketing scam, sources said. The firm had allegedly duped over 12 lakh investors, also called as panelists, to the tune of...
  • Speak Asia: SC to hear case tomorrow October 16, 2011

    New Delhi: The case of Speak Asia, the online survery company which is at the centre of a huge scam, is set to come up before the Supreme Court on Monday. Some of the investors have approached the court. Surprisingly many of them are expressing faith in the firm and...
  • Speak Asia COO in police custody till Aug 12 August 4, 2011

    Mumbai: A local court on Thursday remanded the five accused arrested in connection with Speak Asia's multi-level marketing scam in police custody till August 12. Mumbai Police had recently arrested Speak Asia's Chief Operating Officer in India (COO) Tarak Bajpai, Financial Manager Ravi Khanna, the web portal's technicians, Rajeev Malhotra...
  • Speak Asia COO, 4 others arrested in fraud case July 30, 2011

    New Delhi: Embattled online survey company Speak Asia is on the defensive after its Chief Operations Officer (COO) Tarak Bajpai and four other officials were arrested on Friday on charges of cheating and criminal conspiracy. Mumbai police said large sums of money were transferred out of India, with Speak Asia...
  • India @ 9 with Rajdeep Sardesai July 30, 2011

    Catch the day's top stories on India at 9 with Rajdeep Sardesai. ...
  • Speak Asia COO arrested in Rs 1,320 cr fraud case July 29, 2011

    Mumbai: The first arrests have been made in the Rs 1320 crore Speak Asia fraud case. Mumbai police have arrested the online survey company's COO Tarak Bajpai and four other officials into custody. But the Singapore-based owner of the ponzi scheme company is still absconding. "We have registered an FIR under...
  • Speak Asia COO Tarak Bajpai in police net July 29, 2011

    New Delhi: Speak Asia COO Tarak Bajpai was detained by the Economic Offenses Wing of the Mumbai police for questioning on Friday. The online survey company hit controversy in a multi-crore scam. The move comes just two days after CID froze the online survey company's bank accounts. Bajpai, who is the...
  • RoC to submit report on Speak Asia by July 10 July 3, 2011

    New Delhi: The Corporate Affairs Ministry has asked the Registar of Companies (RoC) to inspect the books of accounts of the controversial multi-level marketing company Speak Asia and submit its report to the government by July 10. The Singapore-based company Speak Asia, which is yet to be incorporated as a...
  • Speak Asia gets funds from Singapore bank June 7, 2011

    New Delhi: Multi-level marketing company Speak Asia on Tuesday said it has received funds from Singapore-based United Overseas Bank, which closed the entity's account last month. "We wish to also inform that more than $16 million is available for use and disbursal as soon as a new account is opened...
  • Speak Asia's Singapore bank accounts frozen May 27, 2011

    Mumbai: Market research company Speak Asia has stopped payouts to its vendors, clients and staff. In a letter to its members, Speak Asia says payments cannot be processed since its bank accounts in Singapore have been frozen. CNN-IBN had first reported how the market research agency is under the scanner...
  • Govt probes Speak Asia for chain marketing scam May 19, 2011

    Mumbai: You've seen the ads - but have you wondered what it is exactly that Speak Asia does and how it makes money for you? Speak Asia claimed FMCG majors paid them for conducting market surveys, but after the companies denied it, Speak Asia said it was a miscommunication. Speak...