|Investors' Grievances Forum, chief, Kirit Somaiya has written a letter to finance minister reporting the alleged fraud by Speak Asia, Asia's largest survey group.|
Somaiya claims that in the past there have been several instances wherein investors were duped by assuring them phenomenally high returns in a short span of time. "The latest addition to this line is a company called Speak Asia Online. SpeakAsia, is an online company, collecting large sums of money by rapidly enrolling people with the promise of incredible payments for simply filling out online surveys," mentioned Somaiya.
He said that the company claims to be based in Singapore, and is spreading its multi-level marketing (MLM) wings in India under the pretext of online surveys.
Somaiya, who filed a criminal complaint against Speak Asia last Tuesday.
He has also written to Sebi, RBI, Ministry of Corporate Affairs and Economic Offences Wing. When tried contacting the survey helpline and the Sales Support Hotline in India of Speak Asia mentioned on their website, the numbers didn't exist.
Friday, May 27, 2011
IGF wants FinMin to act against Speak Asia
Posted by The Bharatiya at 10:45 AM