The company entered Indian market recently as a marketing survey group that claims to conduct online surveys for other major mutli-national companies.
The style is the same as employed by earlier chain marketing companies including Amway. But Speak Asia's supporters claimed that it can turn you millionaire within months.
What's the reality? A Hindi newspaper Pradesh Today has recently published a story about the company's operations and it shows that all is not well.
Jobless and unemployed youths find any such chance as a gold opportunity. The company says initially you have to pay a sum to become member. Later you keep filling survey forms and as you bring more members, your earning will increase, rather skyrocket.
But is it the truth. The paper says that it is not so. The dividends aren't as much as SpeakAsia's die-hard fans make us believe. Frankly, filling forms that require no brain, just saying Yes or No to answers, which even a person with Zero IQ can do, at random, is not something that can bring you lakhs.
However, it is the financial ministry, RBI and government of India that should clear the air. If the company is genuinely giving profits and somehow people are earning money without any shady practice, then it should be given a clear go-ahead.
Else, there should be a proper inquiry and action taken against the company if claims are false. The company officials have held press conferences in the recent past. They should be asked for more proof about their claims.
There are thousands in Uttar Pradesh (UP), Madhya Pradesh (MP), Bihar and even Delhi, who feel that the membership will turn their fortunes. Will they even get their basic investment back? The controversy must end and ordinary investor must not be cheated.
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