Speak Asia Online Bangladesh and India

There is no relation between Mr.Raju & present management. Mr.Raju is trying to create violence by spreading false news.

News by MLM NEWS 24 | 2nd January 2012

• Collected by Muhammad Mehedi Menafa

· Today (1st January 2011)

Dear Panelist of Bangladesh, All you have to know that Speak Asia Online Bangladesh Ltd. is launching as a NGO in Bangladesh. For launching a NGO there are many formalities they have to maintain. As Speak Asia Online Bangladesh Ltd. is following each of single formalities. Because it can not vanish. You are observing many of Companies is launching day by day & after few days taking huge amount of money they are hiding themselves. You should not think Speak Asia Online as like them. Speak Asia Online Bangladesh Ltd. is walking his own way. Speak Asia Online Bangladesh Ltd. is coming to do long time business in Bangladesh. As you can say we are really proud to be a Speak Asian.

Thanks
Admin
Speak Asia Online Pte Ltd. (True Panelist of Bangladesh)·

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Yesterday at 2:03am (31th December 2011)

Dear Viewers & well wishers of this page may be all of you are tensed about launching Speak Asia Online Bangladesh Ltd. Dear to get a good things we have to wait. Because of we are waiting since May, 2011 & still we are waiting. Most of we are now fed up. But dear a better future is waiting for everyone of Speak Asia Online Bangladesh Ltd. You would be acknowledge that & you would have bound to say that "I am Proud to be a Speak Asian" Hope so all confusion will be far from everyone in the Month of January, 2012.

Thanks
Admin
Speak Asia Online Pte Ltd.(True Panelist of Bangladesh)

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· Wednesday at 12:11pm

Dear all you know that there is no relation between Mr.Raju & present management. Mr.Raju is trying to create violence by spreading false news. He is totally under pressure by legal autority & you all will be very happy to know that all of his & his relatives Bank Account is freeze. So don't be panic & don't listen any rumor. Speak Asia Online Bangladesh Ltd. is now totally ready to launch. So be patient new management will not play with us as Mr.Raju played with us.

Thanks
Admin
Speak Asia Online Pte Ltd.(True Panelist of Bangladesh)

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· December 27 at 8:53am

Dear Panelist of Bangladesh, you would have very good news which you didn't ever been imagine. Speak Asia Online Bangladesh Ltd. at least have crossed all its liabilities. All process has completed. I am honestly speaking dear Speak Asia Online Bangladesh Ltd. launching in January & we are going to get Survey from in the month of January. Confirmed news.

Thanks
Admin
Speak Asia Online Pte Ltd.(True Panelist Of Bangladesh)

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Dear Panelist of Bangladesh, When Speak Asia Online Bangladesh Ltd. website will be launched then all of our old account & binary tree will be same & you can logging into your account to collect information like mail address, panel account name , mobile number etc. Also you will get an activitinon form & filled up it with details to active your panel account along with all basic requirements which I previously mentioned. Without activition your panel account you will not get survey. Later on you can change your up line leader or you can migrate your account with your down line to your favourite leader to whom you want to work now. Hope for the best things will be happen in Speak Asia Online Bangladesh Ltd.
Thanks.
Admin
Speak Asia Online Pte Ltd. (True Panelist Of Bangladesh)

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The News from the : Speak Asia Online Pte Ltd.(True Panelist of Bangladesh)
Dear Panelist of Bangladesh, Speak Asia Online Bangladesh Ltd. has shared us that the news, advertisement & notice will be published top 3 newspapers. Newspapers are The Daily Prothom-Alo, The Daily Kalerkontho & The Daily Star. Keep your eyes on this newspapers.
Thanks
Admin
Speak Asia Online Pte Ltd. (True Panelist Of Bangladesh)

Dear Panelist of Bangladesh, again I am informing you all specially leaders please contract to your down line and collect all basic requirements & help them all innocent panelist by doing this job. Requirements -
1. 2 copy passport size photo colour.
2. S.S.C certificate photocopy.
3. National ID card photocopy/ Birth certificate photocopy / Chairman or Commissioner certificate.
Please note that you all have to submit to active work or get payment from company.
Thanks
Admin
Speak Asia Online Pte Ltd. (True Panelist of Bangladesh)

যে সকল বিষয় স্পিক এশিয়া এর ফিরে আশার সম্ভবনা আরও অনেক গুন বাড়িয়ে দিয়েছে।

স্পিক এশিয়া এবং স্পিক এশিয়ার সকল গ্রাহকদের জন্য রইল নতুন বছর ২০১২ এর প্রান ঢালা শুবেচ্ছা এবং BLACK iz-এর পক্ষ থেকে সকলের জন্য শুভ কামনা। জদিও ২০১১ ছিল স্পিক এশিয়া এবং স্পিক এশিয়ার সকল গ্রাহকদের জন্য এক কাল অধ্যয় তবে আশা করি নতুন বছর ২০১২ এর শুরুতেই সকল গ্রাহকের জন্য স্পিক এশিয়া যেন ফিরে আশে এবং নতুন উদ্দ্যমে আবার সেই পুরন অবস্থানে ফিরে আশে।

স্পিক এশিয়া নিয়ে নতুন কোন খবর নয় বরং এই প্রতিবেদনে এমন কিছু বিষয় নিয়ে আলোচনা করব যে সকল বিষয় স্পিক এশিয়া এর ফিরে আশার সম্ভবনা আরও অনেক গুন বাড়িয়ে দিয়েছে।

প্রথমত ; স্পিক এশিয়া অনলাইন এর বাংলাদেশে কোন প্রকার অফিস কিংবা কার্জকর্ম ছিল না অর্থাৎ এর মেনেজমেন্ট কিংবা কর্তিপক্ষ এর কেউই বাংলাদেশে উপস্থিত ছিল না, বাংলাদেশের জন্য স্পিক এশিয়া ছিল শুধু মাত্র একটি অনলাইন ব্যবসা এর বেশি কিছুই নয়। অর্থাৎ এর মেনেজমেন্ট কিংবা কর্তিপক্ষ সকলেই ছিল প্রকারদের ধরা ছুইয়ার বাইরে। কিন্তু দির্ঘ পাঁচ - ছয় মাস পর যখন Speak Asia Online আবার নতুন করে অফিস এবং কার্জকর্ম শুরু করেছে এতে এর গ্রাহকদের মধ্যে নতুন করে আশা এবং সর্বত্রই আলচনা হচ্ছে, এবং এটা সত্যিই অবশ্যাশ্য ছিল যে Speak Asia Online আবার নতুন করে বাংলাদেশে অফিস এবং কার্জকর্ম শুরু করবে।

দিতীয়ত ; স্পিক এশিয়া অনলাইন শুধুমাত্র বাংলাদেশে অফিস নেইনি বরং এখানে প্রতিদিন দেওয়া হচ্ছে এর গ্রাহকদের অনেক তথ্য, আশ্বাস এবং নতুন ভাবে ফিরে আশার স্বপ্ন।

তৃতীয়ত ; স্পিক এশিয়া অনলাইন খুব সহজেই পারত পালিয়ে যেতে, এতে অন্তত বাংলাদেশের কোন গ্রাহককে কোন প্রকার প্রস্নের উত্তর কিংবা জবাবদিহিতা করতে হত না। কারন স্পিক এশিয়া অনলাইনের বাংলাদেশে কোন অফিস কিংবা কার্জকর্ম ছিল না প্রায় পাঁচ মাসেরও বেশি। তারপরও বাংলাদেশে আবার কার্জকর্ম করাটা সত্যিই কি কোন মানে রাখে না?

আশা করি স্পিক এশিয়া অনলাইনের ভবিষ্যৎ আরও উজ্জ্বল এবং সুন্দর হবে এই প্রত্যাশায় এম. এল. এম. নিউজ ২৪।

স্পিক এশিয়া এর ceo এর পক্ষ থেকে গতকাল (December 26th, 2011) এ একটি স্টেটমেন্ট দিয়েছেন যা এম.এল.এম. নিউজ ২৪ এর YouTube Channel-এ সকলের উদ্দেশ্যে প্রকাশ করা হল।

Report From : Dhaka, Mirpur 12, SAOB Office
MLM NEWS 24 : Vikash Mohajon
News of : SPEAK ASIA BANGLADESH
News By : Vikash Mohajon*
News Date : 28th December 2011

Speak Asia's case signals need for a regulatory body for MLM

Dear  viewers,

The much awaited 9th January ,2012 when the supreme court of India is expected to give some sort of clear judgement on the SAOL case is finally going to arrive tomorrow. Though it may or may not be the final judgement on this case, but certainly it is going to be a very important one which will decide the future course of action. Few arrests have happened in past, of SAOL officials and the company was completely at the receiving end of media wrath but it is important to note that all ‘panelists’ of SpeakAsia are with the company.The company has the support of 20,00,000 members, which is showing complete solidarity with the it. Neither the arrests nor the show of solidarity point to the criminality or innocence of SpeakAsia as the case may be. However, these two extremely polarised views on the issue definitely point towards a gaping hole in the regulatory framework.


It is not for the first time that a company that sells its products or services using an MLM framework has got involved into a controversy – Amway, QuestNet, Japan Life and many more have courted controversy and legal proceedings in the past. Given the way regulatory framework operate for these businesses, such controversies would keep cropping up unless the regulatory framework changes from being reactive to being pro-active.

Typically, in multi-level marketing (also known as direct selling using network marketing) a person gets rewarded not only for selling the goods and services by himself but also for referring other members to join the business and for the further referrals by that other member and so on. Innumerable companies offering multi-level marketing schemes that present lucrative opportunities to their participants to make quick money have come up time and again and many a time questions have been raised on the legality.

Apart from general view that such schemes are fraudulent, the business organised on the lines of multi-level-marketing is often perceived as a money circulation scheme and thus in violation of the Prize Chits and Money Circulation Scheme (Banning) Act, 1978 (“the Act”).

The issue whether a business model based on MLM or network marketing by its very nature of organisation is bad in law or not came up for judicial scrutiny in the case of RMP Infotech Private Ltd. v. Apple FMCG Marketing Private Ltd. A Division Bench of Madras High Court opined that MLM schemes cannot be declared outright illegal, unless the scheme in question has elements that render it illegal.

As regards the elements that render a particular scheme illegal, the Supreme Court in the case of State of West Bengal v. Swapan Kumar evolved a two-pronged test that finds basis in Section 2(c) of the Act. To hold a particular scheme illegal in law, (a) it must be proved that the scheme is for making quick and easy money and (b) the chance or opportunity of making quick and easy money depends upon the enrolment of members into the scheme.

The test laid in the Swapan Kumar ruling has been applied subsequently by courts in adjudicating upon the legality of different multi-level-marketing schemes. Surprisingly, the only two cases where the courts evaluated MLM schemes in details came to the conclusion that schemes in question were bad in law. One such decision was by the Supreme Court [Kurianchan Chako v. State of Kerala] wherein the scheme in question was held to be a ‘mathematical impossibility’. The other decision of the Andhra Pradesh High Court [Writ Petition nos. 20470 and 20471 of 2006] wherein scheme of Amway India was viewed as “so ingeniously conceived that the inducement for aggressive enrolment of new members to earn more and more commission is inherent in the scheme.

Thus, as far as law is concerned, the principles are well laid down and position is very clear and ideally in such a scenario there is very little scope for confusion or controversies. However, the sole reason why we have had repeated controversies concerning such schemes is the way and manner in which the Act is implemented.

The Act is a central legislation and the States have been empowered to govern it. The Act bestows on Police the power to search any premises that may be suspected to be used to promote or conduct any money circulation scheme, seize all things found in these premises and to take into custody all such persons that are concerned or against whom the complaint has been made.

The problem with the scheme of implementation of the Act as far as multi-level marketing is concerned is that the Police more often then not is approached only after the crisis has reached its crescendo and as the nature of business involves a network of persons, the number of complainants or complaint is generally huge. Thus the Police is required to act under tremendous pressure and there is no time to first determine whether the multi-level marketing scheme in question is a money circulation scheme or not – a prerequisite required by the Police to take any action under the Act. What follows can be best described as a 'knee-jerk’ reaction.

A possible solution to this problem lies in the Act itself. The Act in its transitional provision envisage a role for the Reserve Bank of India as the specialised agency in consultation with whom the States were required to wind-up chit fund and money circulation schemes prevalent at the time the Act came into force. The Act also provided for States to frame rules in consultation with the Reserve Bank of India for the purposes of carrying out the provisions of the Act. It is pertinent to point out that the Act was enacted pursuant to findings of a study group constituted by the Reserve Bank of India to examine in-depth certain provisions of the Reserve Bank of India Act, 1934.

Thus when the Act was enacted the RBI had an important role in the formulation of policies or rules under the Act. However, in practice RBI does not figure anywhere in the determination of the issues as to whether any multi-level marketing scheme has elements of money circulation scheme or not. As the issue largely hinges on the financial model followed in the scheme, ideally RBI as the specialist body should determine this issue and this determination should not be left to the Police or the Courts.

Unfortunately, RBI instead of taking a pro-active role chose to take a back seat and came out with a Circular in 2003 eliminating its role in the implementation of the Act. This act of RBI was discussed in the 8th Lok Sabha though in a different context [(proceedings other than questions and answers) Title: Shri S. Jaipal Reddy called the attention of the Minister of Finance and Company Affairs to reported illegal schemes of Japan Life of India and steps taken by the Government in regard thereto.]

Today we have several multi-level marketing schemes operating in the country with no certainty whether these schemes conform to the Act or not. Further, many of these schemes are operational in more that one States. This may lead to a situation where the company running a multi-level marketing is subjected to multiple prosecutions. There could also emerge a scenario where the same scheme is held good in law by one State and bad in another. In case of Speak Asia complaints were filed in more than one State.

As any popular scheme involves large number of individuals who earn their livelihood from such schemes and a subsequent finding of the scheme being illegal may adversely impact them, it is important that we move from the present reactive to a pro-active determination mechanism. In order to achieve this and also to overcome a situation of multiple prosecutions being launched against the same scheme by different States, the following is suggested:

1. RBI shall frame general rules under the Act on multi-level marketing schemes which may be notified by the States at their option;

2. The rules shall require all multi-level marketing companies operating in the States that has notified the rules to get their scheme evaluated by the RBI before commencement of the business;

3. For the already existing schemes, the rules shall provide for a two year window to get the scheme evaluated by the RBI

These steps will go a long way in ending the uncertainty that multi-level marketing business model currently faces and will reassure many who earn their livelihood by being part of such business. This will also ensure that no money circulation scheme camouflaged as genuine business will be able to dupe lay investors or members. Further, this will bring succour to the promoters of multi-level marketing schemes from any Police action that may be initiated at the behest of disgruntled members of the scheme and competitors.

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