Saturday, October 8

What about RBI and Indian banks regarding Speak Asia ?

My dear friends,

I’ve been watching all this ho-halla from four months. Some of my friends had joined SAOL early in the month of May 2011. My question is very clear about the role of RBI and the Indian banks. I would like to know about the transactions which had been done through our Indian banks.

If our Indian banks permitted the transactions (from India to Singapore and from Singapore to India) right from the beginning, how could any one say that it was not supervised or verified by RBI? Where was RBI that time? It is not the matter of the transaction of 1 or 2 or 3days, it is the matter of complete one year (May 2010 to May 2011) transaction. In that period, where was RBI? Why did bank managers of our Indian banks give permission for those transactions? Why did bank managers not informed to RBI for such the transactions if it were wrong or illegal? The simple and common man saw and verified only the transaction which had been done smoothly and without any hurdle through our banks and it was the crystal clear proof for them and after that they joined Speak Asia. Now tell me, where were they faulty? Can any one say they were wrong? No, not a single speak asian is wrong.

If they are wrong and did illegal works, I will loudly and boldly say that RBI itself and all the Indian banks (through which all the transactions have done) are wrong and did illegal works. Why only Speak Asisns have been facing trouble? Why the bank managers should not be arrested who had given the permission for such the transactions and not informed the RBI earlier? If Speak Asia is or was wrong, illegal and fake, where was EOW/RBI/Mumbai police etc. that time when the transactions were going on and permitted by the Indian banks? One the other hand, it was not the matter of the transaction of 1 or 2 or 3days; it is the matter of complete one year (May 2010 to May 2011) transaction.

The Ads of Speak Asia displayed during IPL matches on television, the banners, hoardings and posters displayed boldly and no one opposed that time and the simple and common (who are panelists of Speak Asia) people believed on all those things and the banking transactions also. I would like to say if Speak Asia is illegal, wrong and fake, all the banks through which the transactions of Speak Asia had done also illegal and wrong. All the bank managers are illegal and wrong and they must be punished also. Why only Tarak Bajpai and some of the officials of Speak Asia have been punished and jailed.

I would like to suggest the advocates of Speak Asia that they must file cases against the bank managers and also against the RBI of India for their mistakes and faults because at least all the panelists are innocent and simple and (as far as my knowledge is concerned) belong to middle class family. So, my dear friends write and send mails to AISPA, Speak Asia management team etc. and request/suggest them to make a strong case against RBI and Indian banks managers for those transactions and show whether they are legal or illegal. When the bank managers will be send to jail, when the officials of RBI will be send to jail for their mistakes and faults, the case of Speak Asia will take the right and proper place. I’m very serious about the wrong system of our Indian govt. and totally disappointed with this Indian Loktantra.