Dear Deeptiman ji,
Re: Your News Report dated Saturday December 24th 2011 in Mumbai Mirror.
You must have realized by now that I am a very sensitive person and I hate to contradict anybody, but I am forced to contradict your above subject impugned article simply because it is full of misinformation and is far from realities. Allow me to demonstrate as below:
1. I on behalf of the almost 12.5 lakh Speakasian panelist deplore and object vehemently the Headline of your subject article.
It is illegal on your part to call or term Speakasia a Fraud multi level marketing company. I find myself duty bound to explain through this communication that Speakasia is NOT, yes Sir.
I repeat, Speakasia is no way a MULTI LEVEL MARKETING COMPANY.
2. It is illegal, and you Mr. Deeptiman Tiwary, are indulging in the highest form of Contempt of Court, because you are raking up a non issue especially more dangerously when it is sub judice in the Hon. High Courts and before the Hon. Supreme Court.
3. You Mr. Deeptiman Tiwary are jumping the gun and pronouncing a genuine company to be guilty even before the company has been charged of any charges in any legal forum.
You are guilty Mr. Tiwary of violating the pristine basic tenements of the Judiciary System of India which clearly states “that every individual/entity is innocent until proven guilty”.
I now try and deal with your said article para to para herein below:
a) At the onset I vehemently object to you calling Speakasia a fraud multi level company and there are no 23 lakh Indians who are part of Speakasia. Mr. Tiwary you are hallucinating and everything you report is a result of your hallucination and is therefore exaggerated out of proportion.
b) Sorry to say Mr., the report goes on to point out later, that the investigation has been done by some unknown Blog by the name BehindMLM and as such it will be wrong on your part to say “Crime Branch gathers evidence… etc”
c) It is wrong to say that the CEO Mr. Manoj Kumarji has been wanted for almost a year; in fact it’s only since end of July that Mr. Manoj Kumar has been abroad which makes it about 5 months and not a year. See why I say that you are in a hallucinating mode Sir.
d) It surprises me no end when I read that a premier investigating agency like the EOW bases its statements on the findings of an unknown Blog. That to without investigating the antecedents’ or the background of the owner of the Blog.
e) It is sad to note that you have till now not cared to understand the business model of Speakasia. If you had cared to understand the model I am sure you would not have reported that the Mr. Colibri functions on the same model as Speakasia.
f) The statement that Admatrix was heavily involved in the operations of Speakasia is false and baseless. I strongly condemn this statement.
g) In July this year the EOW arrested our COO Mr. Tarak Bajpai ji and five others. Interesting to note here is that Mr. Bajpai was the sole company official of SAOL, the other arrested persons were associates, but none a company official.
h) As we know by now that you have no knowledge about the Speakasia Business Model. I will not debate with you on the part, where you try and explain how someone by subscribing to the E Magazine earns 52.000/- etc. Mr. Tiwary the returns were all subject to a panelist partaking in the activities of the company. There was and is NO return on Investment here.
i) It is not the case of any complainant including Mr. Navneet Khosla that the company did not pay them before May 12th 2011. We all know why none of us is being paid by the company post 12th May, 2011 and more specifically after May 24th, 2011 resulting out of the impugned circular by the RBI dated 23rd May, 2011, and needs no comment from my side.
j) You further go on to say that the company was running a huge investment fraud amounting to the tune of Rs. 2000 crores. If you Mr. Tiwary and the investigating authorities are going to look at the entire matter with jaundiced eyes do we have any chance to show reason or make you look at logic. Sadly NO. I know the futility of my next statement but then I am duty bound to keep on trying to make everybody look at the correct state of affairs. Mr. Tiwary there is no INVESTMENT here and hence there cannot be any INVESTMENT FRAUD. I know for sure you do not agree with me.