After the arrest of Speak Asia COO Tarak Bajpai and five other officials, this survey firm, which offered Rs 52,000 return in an year after investing just Rs 11,000, hit media headlines for its alleged scam worth Rs 2,000 crore.
Though COO and other officials have came out on bail, many of the panelists who invested money in this firm are in confusion about the credibility of the company. With the inquiry of Economic Offences wing (EOW) of Mumbai Police Crime Branch, some of the panelists have demanded their money.
Moreover, some reports claimed that an investor in Speak Asia approached Mumbai police demanding a probe into hacking attempt on his email account with the firm. He said that he was only a 'panelist' or just a member in Speak Asia and never recommended anybody to become a member. But, after checking his email account, he was found to have nine sub-members (sub-panelists) under him.
Amid police inquiry and pressure from panelists, Speak Asia recently said that the company is planning to introduce 'Exit Policy' where panelists can withdraw from the scheme and can get their money back.
Speak Asia released a press note describing that the company is in dialogue with the Reserve Bank of India on making the payments to panelists. Speak Asia wants to give money back to people who wish to end their association with it.
Interestingly, a large number of panelists among 12 lakh investors across India still support Speak Asia. They are alleging media of a false propaganda against the company. Recently, Speak Asian panelists had held protest marches in Mumbai, Pune and Indore announcing their support to the company.