RBI Answers to RTI Regarding Speak Asia Online - 14 October 2011

                                      RBI Answers to RTI Regarding Speak Asia Online

We ( Speak-asia-fraud.blogspot.com ) found a RTI ( Right to Information ) Act Filed By Swapnil Kumar to Reserve Bank of India ( RBI ) Regarding Speak Asia Online Pte. Ltd . Bank Accounts .

On 7th of October 2011 Reserve Bank of India have Answers a RIA - 1021/2011-12 it was filed on 24th of August 2011 .

With RTA Application Things Demanded and Question to Reserve Bank of India : -

Question 1.  Please Provide the Copy of Cercullar which was Send to All Banks on 23 May 2011 Regarding Speak Asia Online .
RBI Answer 1 : We Can not Provide as it is Secreat Document which can not Be asked From RTA .

Question 2 : On Which Date RBI have Stoped Payments of Speak Asia Online Pte. Ltd.
RBI Answer 2 : We ( Reserve Bank Of India ) Never Closed Any Bank Accounts of Speak Asia in India .
( This was Shocking News to All the Speak Asians as From Speak Asia was Saying that Their accounts was Freezed By Reserver Bank of India Even in Speak Asia Controversy Blog it was written that :

M/s United Overseas Bank, Singapore, on 27th May, 2011 probably due to the cautionary circular
sent out by the RBI vide circular No. DBS.CO.PPD No.16237/11.01.005/2010-11 dated 23rd May, 2011.
SAOL has been approaching the RBI and various other appropriate agencies to seek permission for
establishing their permanent establishment  and for restarting the  operations and restarting the payments to their panelists (us).

Question 3 : The court case 1365/2011 at Hon. Mumbai High Court was disposed  off asking RBI to give time to SpeakAsia to listen and understand their  business model. Was the time granted for the meeting? If yes, than  please provide a copy of the letter issued in this regard. If no, than  why?
RBI Answer 3 : According to a News of 14th July 2011 Mumbai High Court DISPOSE Case on Speak Asia Online in this case a order was Passed by Court Bombay High Court SpeakAsia Petition 1365-2011

RBI cleared that on 19th September 2011 we have in Metting with Some Lawerys Appointed By Speak Asia Company in that they try to understand the Business Model of Speak Asia Online .

These Lawerys Said Please Don't Understand Speak Asia Online as MLM . On this RBI said Follow the Guidliness of FEMA .

According to Fema guidelines .. Speak Asia Company Survey System and Giving 11,000 and Take Rs.52,000 was Not allowed in India .
More Over Speak Asia Company Can Only Sell the Products to those have PAN account Number and All the Reward Points have only Valued When Company Starts From a New Way.


WHY SPEAK ASIA CLOSED HIS BANK ACCOUNTS HAVING MONEY EARNED BY SPEAK ASIANS DOING SURVEY AND WHY SPEAK ASIA LIE TO THE PANNELISTS ?


From a Long Time Speak Asia Management and AISPA is Saying Company want to pay to Pannelists but RBI have closed the Accounts it Means Speak Asia Management and AISPA are Lying to Speak Asians ?