An online survey company named Speak asia online who got its major glimpse and popularity among India masses during the last year is now again gaining its panelist confidence back. The panelist after a due course of waiting for more than 15 months since May, 2011 are getting some signs of relief from the company side as company has started giving them there money back to their accounts.
The company was in controversies since last year when the company tried to launch ‘Genx Bazaar‘ and it got bated into questions raised by media and soon began the chronology of F.I.R.‘s, than court cases, than arrest of its officials, the company COO Tarak vajpai and so on.The company website and servers were taken in- charge byEOW, economic offense wing which till now has not been returned to the company.Cases were filed against the company for money laundering charges of more than Rs 2000 crore .The panelist also started raising there voice against media and Govt. bodies for the return of their hard earned money but it was not entertained anyhow. An association was also formed named AISPA , All India Speakasia Panelist Association which took the charge of safeguarding the rights of the Speakasia online panelist but was not able to make much more than filing out some application and writ petitions in the court which till now some of them has been withdrawn or some of them has been disposed by the concerning court.
There was also a writ petition ( WP 323 ) filed in the Honorable Supreme court of INDIA by a group of panelist for returning the panelist sum which after a long duration was withdrawn and disposed by the court without any favorable outcome for the panelists . The supreme court in its order disposed the case by giving authority to the Mumbai court to make the final result and so happened as Mumbai court allowed the EOW to continue its stagnant Investigation.
This was the all scenario which passes on, but after the disposal of the WP 323 some thing came in favor for the panelist that the company took charge to distribute a series of test payments to those panelist who wants to exit out of the company profile. The company in its latest communication on 21 Nov said,
“On the payout front, the company had sent out the first set of test remittances to the bank accounts of some of the panelists. The company at the moment is collating the data as to who all have received it and for those who didn’t get it, the company is identifying the cause and finding remedial solutions for it. Once this exercise is complete the company will then start the payout process in full swing. “
“On the payout front, the company had sent out the first set of test remittances to the bank accounts of some of the panelists. The company at the moment is collating the data as to who all have received it and for those who didn’t get it, the company is identifying the cause and finding remedial solutions for it. Once this exercise is complete the company will then start the payout process in full swing. “
We have also got some proof for the payments made by the company to the panelists during last few days which looks as a good news for the panelists who have got there money back. Some snapshots are posted here ..
It can seem to be good to see the proof but it is not finished yet since there are more than 1 million panelists who are waiting for there turns and from them are also those who don’t want to exit but want to remain a part of the company. It can now be speculated that the probe can continue for more time against Speakasia but also company is now a bit free to put on its efforts for the business Restart. Even there is a question which rises here ” The website is with EOW, how will the company going to get its database for start up? ” can be answered as simply as similarly as they have explored there business to such an extent without a permanent office in India and made a market of more than 1 million panelist or Rs 2000 crore.
For the people who wants to know about the exit option and how to exit, we would like to inform that exit option is closed for now since it is in process for the past applications. The company is making a promise to start it up again as soon as the old one get cleared and for the people who does not wants to exit are asked to wait as they are waiting for more than 15 months.
Till today there was a case WP 3210/2011, 3211/2011 listed in the Mumbai court today for the final disposal for quashing the F.I.R. against speakasia and was adjourned for December 7, 2012.It leaves us with a no matter to altercate and it can now be easily understood that if the company wants a Restart than company will be putting more efforts and worries for that since its a matter of having a Database of more than 1 million people and it has a lot value for a ‘Business’.
We will be updating you on this topic with all major proceeding, exit option, restart news in the future.
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