Speak Asia scam: BJP demands detailed inquiry

Mumbai, Aug 7: After the government officials estimated that the Speak Asia scam would be as big as Rs 2,000 crore, Bharatiya Janata Party (BJP) asked the Economic Offenses Wing (EOW) to conduct a detailed inquiry on the Singapore-based online survey company.

Madhya Pradesh convener of BJP Investment Cell, Mukesh Singh Rajawat submitted a memorandum to the Superintendent of Police of the Economic Offenses Wing (EOW) Manoj Singh demanding the accused be booked for economic offenses. He also asked EOW to file an FIR against Speak Asia.

Rajawat claimed that Speak Asia offered lucrative returns to investors, but failed to return the promised money. He also added that more than 25 investors were cheated in Nagpur alone. Speak Asia charged Rs 11,000 from each of its clients for enrolling them as a member, but it neither communicated to them after that nor returned their money, he said.

Speak Asia asked investors to join with Rs 11,000 and promised all the investors Rs 52,000 annually in exchange for conducting online surveys for the website. Speak Asia's pyramid scheme involves paid subscribers filling up online consumer survey forms and luring more into its fold in return for commissions.

Earlier, EOW arrested Speak Asia COO Tarak Vimlendu Bajpai, 4 other portal technicians and questioned a PR firm hired by Speak Asia. Moreover, Mumbai police said that they are closely watching similar websites that offer unbelievable promises.

OneIndia News