Thursday, August 18, 2011

SpeakAsia Chairperson Harendar Kaur Letter To RBI



Dear Speak Asians,

Today (5th August) SpeakAsia Chairperson and CEO Harendar Kaur, wrote a letter to the Governor of RBI. Every panelist must be confident that the company is trying it's level best to make every concerned authority understand the business. They wrote to RBI on 15th May and 18th May and after that appealed court. 

After writing to Chief General Manager, Banking Supervision on 21st July, Speakasia received an email from RBI to provide a write up of business model and other related documents. Based on this, Speakasia will be granted time for personal hearing. 

Please see the letter below.






BizBasket summarizes the intention and reason of the letter as below:

1. The letter is dated 5th August, 2011 the day when the Company was about to start its "Exit Option".

2. In this letter there is no pleading or request for starting the business operations of the Company, rather there is an appeal to the RBI governer to allow the Company to pay to the panelists and vendors. This shows the genuinity and fairness of the Company.

3. The Company is sending all the written informations as required by the Chief General Manager of the RBI and requesting for an early appointment. This is clear cut indication that the Company is following up the case with RBI very very aggressively.

4. Intention of the Company is crystal clear and the letter present a very strong point in front of the Governer. If the RBI supports, the panelists and vendors will start getting the payments very soon.

5. This letter is copied to the Finance Minister, Mr. Pranab Mukherjee and all the Panelist of India.


SpeakAsia is working in a transparent manner with aggression. BizBasket salutes the leadership of SpeakAsia management and their dedication towards their panelist and vendors. We need to make sure that the appeal is heard by Every Indian, Politician, concerned department, media and the Government.

Very Important: All panelist must use the letter where ever they are holding any meeting / activity in favor of the company. It can also form part of the memorandum submitted to various authorities by them.


Let's fight for our future.


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