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Friday, May 27, 2011

UOB Freezes Speak Asia Account Latest Aaj Tak News


On the recent and breaking news from Aaj Tak News Channel Speak Asia Online Survey Company bank Accounts has been freezed or blocked by UOB. According to the news there are 2 Speak Asia (SAO) Account in the UOB Bank which has been blocked. United Overseas Bank Limited or UOB is a premier bank in Asia Pacific region is incorporated in Singapore. It was founded 6 August 1935 by Kuching-born Datuk Wee Kheng Chiang, father of the present United Overseas Bank Group. Aaj Tak is claiming that that this is the effect of Aaj Tak News and now Speak Asia Online company has told to give Payment in 6 to 8 Weeks.Subscribe to Syconet World by Email.

According to Speak Asia itself it has said that "Due to the media noise, on 25 May'11, UOB Bank at Singapore has also pressed us, for closure of our 2 Bank accounts within 2 days, without giving us the chance to present our case or even listen to us. Please note, in order to set up a seamless International Banking Gateway like the one at UOB Bank, takes at least 6 to 8 weeks of interbank and managed IT infrastructure coordination and implementation."

We are trying to get more news on this from different channels like IBN7, Star News, CNBC and other and will keep you update on this page. Till then you can put your comments.
Update: Speak Asia online Petition | Speak Asia Latest Message Against Indian & Singapore Bank Freeze | Speak Asia Advocate Resigned



  • May 27, 2011 at 11:04 AM
  • May 27, 2011 at 11:18 AM
    FYP :

    They have asked to Wait for 6-8 Weeks according to news.

  • May 27, 2011 at 1:01 PM

    20 Lakh Logo or unki family ke to wat lag gae... ab kya ye Star news wala un ko sahara dega..? unka future banaye ga.. India Govt. ko to kuch hota nahi.. per speak asia kuch kartithi to usko bhi bandkarwadeya.... Hu log india mai paida huwe uske sajaa melgaye hai... Shem you india

  • May 27, 2011 at 1:17 PM

    News are made and hyped in India just to gain T.R.P. ratings... Kudos to all the Media channels to disrupt and misguide lakhs of speak asia panelist and jeopardise their future and money... I have one simple request to media... WHY TILL NOW YOU HAVE NOT DONE A LIVE TELECAST YOURSELF WITH THE BOARD OF SPEAK ASIA ??? WHO AND WHAT IS STOPPING YOU ??? IF YOU CAN BROADCAST YOUR OWN INVESTIGATION (TOTALLY ONE-SIDED) ON THE AIR WITHOUT EVEN THINKING ONCE WHAT CONSEQUENCES WOULD YOUR FELLOW INDIAN'S HAVE TO BEAR... All of you media people were invited by Speak Asia for a one to one seminar which was live broadcasted by Speak Asia Website, then why you didnt broadcast it till now thru your channel ??? Please stop "Trial by Media" thing and making news. Instead act responsibly and help the company to set things correctly, as they are wishing and asking your assistance. THINK ONCE AS TRUE MEDIA AND JOURNALIST. Its my only sincere request. All Speak Asian needs to voice out now...

  • May 27, 2011 at 1:23 PM

    Why are you not giving the News of the company opening and transferring the funds from the freezed account to a Escrow account. An Escrow account is a arrangement made by a third party here it is the bank to ensure the working of the agreement between two partys. World over the best practices of business in land, propertys , finance etc etc is advised to operate through a Escrow account for more details visit the web and ask for details of Escrow accounts.But the co's do not do this because the Account is in total tune with the customers and co's can't take money out for their purpose. The money is maintained on behalf of the clients here it will be for the benefit of the panelists. It is widely advised by various govt's in the world that financial, mortguage and brokerage business transaction should be operated through the Escrow account. But co's do not do this since it is quite desighned against malpractices .

  • May 27, 2011 at 1:44 PM
    FYP :

    @Venkateh that news is here http://syconet.blogspot.com/2011/05/speak-asia-latest-message-to-panelist.html

  • May 27, 2011 at 1:50 PM

    This is all about TRPs of the news channel. And even if Speakasia is not genuine, we cannot do anything now. The Government will never compell the company to return our investments.
    But if Star group is doing this to promote their new survey business, the least we can do is NOT to join them. If all panelists of the Survey companies, donot join the Star suvey, things wont work out as they may have planned.

  • May 27, 2011 at 5:26 PM

    Ye Mediawale to news chori karte hai Speak Asia ke website se.... wow ajakal news vi chori hone lagi hai... ye wordigs a to ek chotisi part hai total pop up written by our CEO Haren Kaur. Other Part I am mentioning here for your information please.....

    1. Bank Account Of Speak Asia In Singapore Has NOT Been Frozen, Its Been Closed In UOB.Now SAOL will Open Their New Account In Another Bank With ESCROW Concept.Once ESCROW concept comes into picture then you and us will never have this fear of company ever running away.

    Golden Words Spoken Mr Mahajan. Here almost everyone is speaking about delay in payments and bank accounts but NONE has spoken about ESCROW account setup. We will get all payouts after set up ESCROW account then there is no fear that the company will run away.

    But it is not easy to open an account early , it takes minimum 15 to 20 days. you should patient for that mean while you should support to company then only something happened.

    2. SPeak Asia is moving to the Supreme Court against the govt. Authorities and concerned Banks, for taking this SUO MOTO (without asking for clarification) action, without paying any attention to the interests of our Panellists, Vendors and Staff and their families;

    They are prepared with all records, for submission to the authorities, if and when they communicate their requirements to us. Also we have written to them asking for an appointment to explain our case.

    So, Pleae Chori koro to puro khobar chori koro nehi maat karo

    Jai ho hindhusthan

  • May 27, 2011 at 7:06 PM

    Dear All Speak Asians,
    This matter is not a war between star news and speak Asia rather it is about the laws and regulations in India. If speak asia has paid for 1 years to its panelist than it does not guarantee that it is genuine. The Indian Govt is doing its work and we all should support that.
    Really the laws and Order in india need to be strengthened again.... How can come a company not registered in India operate in India ...strange....

  • May 27, 2011 at 10:06 PM


  • May 27, 2011 at 10:16 PM

    Mr 9 Injy---------
    If this is the matter of law then why not govt. give us guarantee of our money. Before freezing the account. If the account will remain freeze forever then who will have all that money?

  • May 28, 2011 at 12:41 AM

    media people created this mess.theses screw ups live on making other peoples lives miserable.mentaloty of many low life people is not to see some else rise pull every1 down in the shithole with you.....disgraceful media

  • May 28, 2011 at 12:41 AM

    media people created this mess.theses screw ups live on making other peoples lives miserable.mentaloty of many low life people is not to see some else rise pull every1 down in the shithole with you.....disgraceful media

  • May 28, 2011 at 1:49 AM

    Dear All Speak Asians and Media People,

    We all are not sure whether Speak Asia is a genuine new business or a fraud company. But one thing we all accept that this company within last 9 months has really changed our lives. I work with a MNC bank as a Law Office and my wife is a panelist of Speak Asia. She was a simple home maker, now she has been working with Speak Asia for last 4 months. In last 4 months i have seen her self confidence increased a lot and she was feeling financial independent. Like her there are number of people who are associated with the company has not only earned money but has earned some self confidence.

    Media has all the powers to present the news. But news should be the truth. News are reported not created. For last some days what we have been seeing on various news channels are all created. The truth is being manipulated to some extent.

    I am sure that people working with these big media companies are smart enough to find out all the laws and regulations those have been violated by the Company. Or at-least there should be somebody who has really been affected by the Business of Speak Asia. Till date i have not seen a single person (Speak Asian) complaining against the company, that he has not been paid for doing his/her duties asked to be done by Speak Asia online.

    If no laws have been violated, no crime has been committed, nobody has been cheated, no loss has happened to anybody, the country has not lost its assets/resources, what is the authority of these Media companies to pass their verdict.

    A humble request to all the news maker and presenters- we have been respecting this profession for a quite long time but after we have seen your style of making news (for the reasons, which you better know) at-lest we 20 lac Indians and their family members now hate this profession.

    If you really can do something for us, please save this country form the corrupted leaders, bureaucrats and help the citizens to earn their lively hood to build the confidence of poor Indians. Don't just make money by selling news which disturbs others.

    I have heard that a PIL against has been filed by somebody. That would have been filed by Star News or any other media company who were presenting news against Speak Asia. But why are not they doing it? Why they are not asking the right persons (authorities) to give updates on the investigations that are said to be pending against the company?

    A last request to all the news reporters personally. You never know that one of your poor friend or relative who has been making some money to earn his lively hood by working with Speak Asia is in shock and hungry. Because your baseless news forced the bank to freeze the accounts of Speak Asia and your friend is now unpaid.

    Be real Indians not just hens giving golden eggs to the owners of your big media companies. If you get time visit the directors and promoters to see their life style. They are much rick that you, because you are making money for them.

    Love for all Indians.
    I am proud to be an Indian for shamed to be your Brother.

  • May 28, 2011 at 10:31 AM

    Can any friends here brief me about the ESCROW concept?

  • June 7, 2011 at 3:48 PM


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