IN­VEST ¤11K, REAP 500% RE­TURNS

DNA (Daily News & Analysis) Mumbai Edition - - FRONT PAGE -

Speak Asia asks mem­bers to pay a fee of Rs11,000, which al­lows them to re­spond to mar­ket re­search clients want con­ducted. Mem­bers also earn re­ward points that can be en­cashed to buy prod­ucts at dis­counted rates Ex­plain­ing the modus-operandi, po­lice sources said the firm started op­er­a­tions a year ago with no of­fice in In­dia. “The com­pany claims it sells emagazines, but if you see them, they sim­ply pull out in­for­ma­tion from Wikipedia. Re­ward points are given to mem­bers, each hav­ing a value of Rs50. The com­pany claims to give 500% re­turn on in­vest­ments, ie, for Rs11,000, it as­sures a whop­ping re­turn of Rs52,000 a year,” said an EOW of­fi­cer The re­ward points can be re­deemed to buy train­ing, e-zine sub­scrip­tions, prod­ucts and ser­vices of­fered by the com­pany. Unutilised re­ward points can also be trans­ferred from a cus­tomer's e-wal­let to his bank ac­count within 7-14 work­ing days. Amounts are cred­ited in the lo­cal cur­rency, the com­pany states on its web­site

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