The latest new about speak Asia in India is that the 2 Speak Asia Franchisees were arrested by CID in Andhra Pradesh Vijayawada. According to the Hindu newspaper the CID police officials conducted surprise checks on the houses of franchisees of one online company Speak Asia in city and arrested two persons for allegedly indulging in illegal activities without having registration under the Companies Act 1956. Subscribe to Syconet World by Email.
They have taken this action against the complain of Hyderabad-based Corporate Fraud Watch and arrested D. Srinivas Reddy and L.V.A. Swamy and seized there laptops, desktops, bank pass books etc. Recently Speak Asia has conducted many seminar in different cities and it may again effect there reputation which they are trying to make again.
CID SP Mahendra Kumar Rathod appealed to the public not to believe in deceitful promises being made by such companies. If you have any view about this news you are welcome to post it through your comments.
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okay!!! is this posts genuine??? then, definitely, i would ask all of them to be more active and aware!!! but, what about those who have already invested??? will the be paid???
WHAT ARE THE NAME OF THESE FRANCHISEES,BECAUSE SPEAKASIA HAS RELEASED THEIR AUTHORIZED REPRESENTATIVES NAMES TO PUBLIC,& SAID NO OTHER ENTITY IS AUTHORIZED TO SPEAK OR ACT ON BEHALF OF SPEAKASIA.
ACCORDING TO SPEAKASIA RELEASE SAOL is about to set up its PE in India and as on date has only 3 authorised Legal Advisers in India:
1. AK Singh & Co
2. Phoenix Legal
3. KASHISH INTELLECTUAL PROPERTY GROUP
No other legal entity or person is authorized to represent or speak on behalf of SAOL.
ARE ANY OF THESE AGENCIES ARRESTED???
Saumya the name you have given are of Legal Advisory company. They are not PIN Selling Franchisee.
Hi,FYP,Admitted.But do you have any insight info as to whether the 2 arrested are authorized Franchisees of SAOL,in fact due you have the names of all franchisees of SAOL,or atleast those operating in A.P.?
@Saumya. Don't know that. As the newspaper has not told this. May b they are fake.