Updates From AISPA - Ashok Bahirwani (29 Nov. 2011)

Good Evening Speakasians,

The last couple of days have been very hectic and I have been putting in long hours trying to co ordinate many activities like the Hon. Lahoti ji Sitting, The Writ filed by AISPA, Mr. Melwyn Crasto’s release and his bail matter coming up on 2^nd December, 2011 and many other matters which I cannot revel at this moment.

My update today will be very short and concise and will primarily address the following matter:

* The first meeting of the Hon. Mediators meeting yesterday presided by Hon. Mr. Justice R. C. Lahoti ji.

The Meeting held yesterday at Delhi (Noida) was extremely positive and fruitful for us Speakasians. What I understand is that the Hon. Mr. Justice Lahoti ji was seized of the entire matter. We all know that Hon. Justice Lahoti ji is known to be meticulously perfect and our matter is in safe hands of a retired chief justice of India.

I am sure that when a matter is handled by eminent personality like the Ex Chief Justice of India the parties are assured that the matter will be settled in the most appropriate manner in accordance with legal, social and commercial Jurisprudence. Speakasians there cannot be a fitter or better forum then the present moderator Hon. Mr. Justice R. C. Lahoti to sit in arbitration in our matter.

What I wish to bring to your collective attention is that now that the matter is before a Hon. Mediator we need to understand that every forum has to follow a certain protocol and decorum befitting that particular forum. When the matter is under arbitration especially before such eminent personality like Hon. Lahoti ji we must follow protocol to the ‘T’.

Yesterday the meeting was attended by the counsel for the petitioners, the company (SAOL) and the RBI. Hon. Justice Lahoti ji has issued notices to all parties to remain present before him on the next meeting. The final date and venues of the next date will be announced by the Hon. Mediator Mr. Justice Lahoti ji shortly.

I urge and request my family, my fellow Speakasians, let us maintain our composure and dignity and present ourselves as thorough professional associates of a truly international business house and conduct ourselves as a worthy business professional.

I understand that it will be prudent on our part not to expect or give minute by minute updates on this sensitive matter while it is active and alive in this mediation process. I for one will not be able to give daily updates in this matter as I am duty bound to see that every movement in the Speakasian matter be conducted properly for eventual victory for all of us.

That the Speakasia model is way ahead of its time is the only crime of this revolutionary business model and this quote comes to my mind instantaneously:

“Conflict lies at the core of innovation.”…Emanuel R. Piore

Have faith, Have Patience, Trust your Company.

Jai Speakasia

Proud to be Speakasian

Ashok Bahirwani
Secretary
AISPA

Updates From AISPA - Ashok Bahirwani (19 Nov. 2011)

Good Morning Speakasians,

Uff!! What a frantic three days it has been. Even without any activity happening, it has sort of been very tiring, anxiety filled days.

I always keep on telling everybody that people should always keep their minds open and learn from everyday experiences and I for sure have learnt a lot in these three days, I will share my learning’s below.

First and foremost let me attempt to explain the Hon. Supreme Court’s Order dated 14^th November, 2011.

Allow me to quote the opening lines of the Hon. Supreme Court’s order as follows

“We have heard the learned counsel for the parties. In our considered view, it is a fit case where a serious attempt should be made for an amicable settlement of the dispute between the parties through the intervention of a learned mediator”.

I draw the collective attention of all the panelists to the above and I infer as follows:

1. The Hon. Supreme Court feels that the SAOL matter is a dispute between the various parties.

2. The parties in the WRIT are:
a) The Panelists
b) Speakasian Online Pte. Ltd
c) Haren Venture publications
d) RBI
e) EOW
f) IT Dept.

3. Please note the Hon. Supreme Court has appointed a mediator and the Hon. Court feels that there is a need to seriously attempt for an amicable settlement. Important to note here is that the Hon Supreme Court has not considered this matter to be investigated in any way and simply feels that the dispute needs to be settled. In my opinion this changes the entire texture of the SAOL matter.

4. The Hon. Supreme Court was pleased to appoint a Hon. Mr. Justice R. C. Lahoti as the mediator in this case and was pleased to direct the parties to appear before the Hon. Mediator on 21^st November, 2011.

Please understand friends that this date was fixed by the Supreme Court and is subject to confirmation of the Hon. Mr. Justice Lahoti ji. As per the latest information the confirmation has not been received and in all probabilities the first sitting will not be on the 21^st November, 2011. I will inform all the panelists of the date as soon as it is fixed.

The Mumbai High Court PIL of AISPA was heard on 16^th November, 2011. The company SAOL informed the Hon. High Court of the Supreme Court order. The learned Bench then asked the counsel for AISPA, why don’t you go before the Hon. Mediator now that the Supreme Court has appointed the mediator in your matter and as such the counsel agreed to withdraw the matter herein below is the order passed by the Mumbai High Court

“Allowed to withdraw at the request of the learned counsel for the petitioners, in view of the order dated 14.11.2011 passed by the Supreme Court in Writ Petition (Civil) No.383 of 2011”.

It is in our collective advantage that the entire matter be heard by a single authority under one jurisdiction and this appointment of the mediator under orders of the Hon. Supreme Court is that single platform which will give us a quick relief.

The Criminal PIL is still pending in the Hon. Mumbai High court and is now listed for hearing on the 23^rd November, 2011. The Hon. Mumbai High Court was of the opinion that In view of the Supreme Court order nothing survives in the matter and this criminal PIL should also be withdrawn. The advocate wanted to seek instructions from the petitioner and the matter is now adjourned for one week.

I mentioned in my Video update, that I am amazed by the insight of some very cunning people and admire their vision to sense opportunity to make big money at whatever cost.

The matter has only turned corners with the Supreme Court order and these opportunists have sensed that now the Speakasia juggernaut is all set to take off or rather all set to take a rocket like vertical takeoff and you suddenly see these cunning people come out of hibernation and want to take centre stage.

I have received many phone calls and emails requesting me to let them join the committee. Some people wanted me to look at the possibility of being made an office bearer, I am sure these people want to become the president of AISPA. Gentleman we are very happy with our present President Mr. Melwyn Crasto, who bravely stood up against all odds in support and favour of the panelists when the going was tough. I remember when we were putting together the committee Melvyn and myself must have called up at least 50 leaders in Mumbai and all over the country who refused to expose themselves to the gaze of the authorities and wanted to remain safely in the background.

Since the beginning I have been advised by our counsel Mr. Ahmad Abdi sahib not to give updates or discuss the matter on the phone with panelists, he always used to tell me that people may not understand the actual essence of what you say and may spread misinformation which will cause confusion. His words have come true and I point out to my communication with one Mr. Prerak Singh. What I told him and what he understood and what he has written on the open forum is absolutely misrepresented, I do not wish to give any explanation but simply say that starting with immediate effect, I will not discuss the matter with anybody over the phone. I request the Panelists in general please do not waste your valuable time and money in calling me as I am not going to be discussing the SAOL matter on phone.

Once again I reiterate that this appointment of Hon. Mr. Justice R.C. Lahoti ji is a huge step in our favour this will see that all matters related to Speakasia will be heard and mediated on one single platform and suitably settled and reported to the Hon. Supreme Court for further disposal.

Last but not the least I wish to draw the attention of all the panelists that there is no need to appoint any advocate by anybody in this matter let me explain why:

The payments, whenever they start, either arising out of the EXIT OPTION or normal CASH REQUEST will be affected directly in the panelist’s bank account by electronic transfer like it was being done earlier. The Mediation by Hon. Mr. Justice Lahoti ji is for the entire Speakasia matter and not only for a handful of Panelists. The supreme Court will pass a suitable order as they deem fit after due consideration for the entire 20 lakh panelists and not for a select group of panelists and as such there is no requirement what so ever to engage any advocate or make any individual application to the mediator Hon. Mr. Justice Lahoti ji or to the Supreme Court.

I once again urge the Panelists in general do not get confused by the process. In the final analysis the company will surely come out victorious and soon the entire business activity will normalize and these past six months will be history and we will overcome this and forget it is as a bad nightmare.

“Justice is the constant and perpetual will to allot to every man his due”. --Domitus Ulpian

Have Faith, Have Patience, Trust Your Company.

Jai Speakasia,

Proud to be Speakasian

Ashok Bahirwani
Secretary
AISPA

Updates From AISPA - Ashok Bahirwani (15 Nov. 2011)

Good Morning Speakasians,

Yesterday after the Supreme Court hearing I had given two video updates (Hindi and English) through our dedicated Speakasian Mr. Aman Azad which is uploaded on this website aispa.co.in in the latest video section at the bottom.

Yesterday was a major mile stone day for us Speakasians, Yesterday saw the ball starting to roll in our favour and this is the beginning of return to normalization of Speakasia business activity and payments.

The Hon. Supreme Court was pleased to announce the formation of a single man committee of the retired 35^th Chief Justice Honorable Shri R. C. Lahoti. The first sitting of this committee will be held on 21^st November, 2011 when the details of the committee, its modalities and scope, and such administrative details will be worked out including details of Press announcement etc.

This formation of the Committee is a huge positive in favour of all Speakasians.

The non appearance of all the agencies is another positive in favour of the company. It is my personal opinion that the authorities viz the Union Of India thru the Finance Ministry, RBI, EOW, and the IT dept (CTBT) have not filed any reply or submitted any documents in the matter not because they do not want to but I am sure that they are unable to do so as they have no case against SAOL. They have no charge which they can press and sustain in trial.

This may of course delay the matter for a short time, but in the final analysis like Shri Tarak Bajpaiji Says “We are bound to win and we will definitely win”.

We have all heard of the old saying “gaon basa nahi aur lootere pehele hi aa gaye”. I was surprised at the cunningness of a group of people who mysteriously surfaced claiming to be representing a section of Speakasians. What was funny about the lot was how they were inconsistent in their story; allow me to explain the video. By the way pertinent to note here is that as per our advocate the video of these advocates as posted in the aneeshsharma-lawyer.blogspot.com is in gross violation of the advocates act as it seems that advocates are not supposed to solicit business as these advocates have done in the video.

We have been advised to bring this gross violation to the attention of appropriate forum.

The supposedly senior partner (Jitendra Mohan Sharma) in this group starts by saying that they are here to protect the rights of “first time investors”, and then he erroneously claims that the Writ Petition No 383/2011 in which this group has intervened on behalf of some Speakasians is a Public Interest Litigation (PIL). This, gentleman, is wrong as this is not a PIL but is a Writ Petition.

Then the other advocate (Aneesh Sharma), goes on to say that they are here to protect the last joinees of Speakasia panelists who have joined between February 2011 and May 2011.

He then introduces his business plan and informs us that the panelists who wish to approach this misinformed group to represent us before the Supreme Court or the Committee, and this group will most happily represent us for a small fee which some one now tells me is ranging between 25% to 40% of the claim amount. No way a small fee.

This second advocate says that the over 130 crores seized under the orders of CID Hyderabad is public money. How may I ask this gentleman does he classify this money which belongs to the franchisee and some panelists as public money? Without any logic, without application of mind, this gentleman differentiates this group of last joinees as general public, trying to divide the speakasian family in general public and not so general public.

He goes on to say that the last joinees who have not received any refunds [sic] from the company have first right on the public money which is seized. Sir, there are no refunds here, the money that the panelists receive from the company as part of the earnings are because of partaking in the marketing activities of the company and in no way constitute to be refund.

He does not understand that if his group of last joinees, wish to be paid off first then he ought to advice his client’s the last joinees to opt for the EXIT OPTION. If his clients do not wish to take the EXIT OPTION then they will be paid as per the existing norms of the company.

The third gent (Ajit Sharma) in this troika matter of factly assumed that the constitution of the committee will be multi representative and will consist of many more representatives etc. etc. Why and how he reaches this conclusion nobody knows, surely the Supreme Court has not ordered it that way. I am sure Justice Hon. Lahoti has not shared his thoughts with him; this is nothing else but a classical case of jumping the gun and shooting from the hip.

The Supreme Court order is abundantly clear that The Hon. Justice Shri R. C. Lahoti is requested to explore the possibility of an amicable settlement between the parties and submit a report to this Court after the mediation proceedings are concluded. There is no scope for any additional representatives on this committee, this is an appointment of a mediator and this mediator will not look into the merits of the case. The mediator will only look at the probabilities for seeking an amicable settlement between the parties i.e. the panelists, SAOL and the Govt. agencies. This matter will be for all the Speakasians and not only for the 115 odd panelists who have originally filed the WRIT.

There is no requirement for all panelists to get impleaded in the matter individually; it is not the case that the mediator (Hon. Justice Mr. R.C. Lahoti ji) or the Supreme Court will be handling the refunds on an individual basis. In the final analysis all the payouts will be affected as earlier, directly into the accounts of all panelists.

This, motley group, of confused, ill informed overzealous advocates have in their enthusiasm forgotten that they are dealing with a family of proud empowered consumers and not some gullible lot of nitwits. The payouts will happen directly from SAOL to our accounts electronically like they were being done before, then why do we need to approach the committee or the Supreme Court independently for settlement of any claim.

We are all aware that a group going by the name United Speakasia surfaced sometime back asking Speakasians to give their details. But their United Speakasia blog or their communication never clarified who was the person, behind this movement. They claim in one of the Blog posts that their master mind whom they call “Our Sir”, "United Speak Asia Group Mind" knows things that 80% of us poor dumb witted Speakasians do not know. What, may I ask this holier than thou ‘Sir’ the ‘group mind’, know that we do not know. Please you owe it to us, and I call upon you to please explain and inform us about what you know that we do not know.

The surfacing of this new advocate (Aneesh Sharma) with a brand new facebook profile and a brand new blog spot seems a well strategized move. Someone has got themselves in for the big kill, someone who has entered the fray to make big money. Nobody minds an ambitious person, what worries us is the design of someone to make money at the expense of others, and by creating confusion amongst Speakasians.

The advocate while creating his facebook profile posted a photograph showing that he practices at the Dawarka Court and then over night when he creates his blog spot he designates himself as Supreme Court Lawyer, funny isn’t it.

It would not be out of place to remind everybody that AISPA has been formed to protect the interest of all panelists and AISPA is duty bound to protect its constituents i.e. the panelists from such negative groups who have only their personal interest at heart and do not care about the panelist or the company. Such misinformed people will only create problems like explained earlier and they will only make matters more complicated.

Too much space and matter has been wasted over trivia, some issues should be simply ignored, but then for larger good and as a service to the speakasian family it was important to once and for all expose the true face of this group.

Like I said in my video yesterday once the business activity is normalized you will witness corporate history being rewritten. The Speakasia juggernaut is going to be fiercely huge and absolutely unstoppable. Being led by our charismatic leader, our own Babar sher Shri Tarak Bajpaiji, our juggernaut will destroy all our enemies with its massiveness.

Mark my words fellow Speakasians we are going to be part of a revolution and SAOL is going to be the fastest growing corporate in the history of business in India. SAOL will rock and we will rock along with SAOL.

We all Speakasians look up at Mr. Tarak Bajpaiji as our true leader because he has changed the way we conduct ourselves and it is said:

"If your actions inspire others to dream more, learn more, do more and become more, you are a leader." --John Quincy Adams

Have Faith, Have Patience, Trust your company,

Jai Speakasia

Proud to be Speakasian

Ashok Bahirwani
Secretary
AISPA

14 November, 2011 : AISPA (HINDI)

Update from Corporate Marketing Team (10 Nov. 2011)

Dear SpeakAsians,

Over the last two days our website has all of a sudden become active and is allowing the SpeakAsians to log in and view the website. We would like to state that the website access passwords and database access was taken over by the Economic offences wing of the Mumbai Police. This was obtained from the technical team of the company that used to maintain the website. This action was executed immediately after the arrests of the company's COO and others. Since then SAOL has no access to the website speakasiaonline.com.

Furthermore, we would also like to clarify that the any attempt on our part to regain the server access would have been deemed as obstructing the investigation. SAOL is totally committed to cooperating with the concerned authorities and therefore has not initiated any action that may be deemed as obstruction to the investigations.

The motive behind partially restoring the access to the website speakasiaonline.com is at the moment not available to us as we have had no official communication from EOW, Mumbai Police on this subject.

We appeal to you to not believe false and motivated news item appearing online as well as in conventional media. We also would like to assure the SpeakAsian community that the company has initiated a series of actions aimed at restarting and returning to business as usual.

Regards,
SpeakAsia Corporate Marketing Team

Updates From AISPA - Ashok Bahirwani (09 Nov. 2011)

Good Morning Speakasians,

The Last fortnight or so has been a period of mixed emotions. From the silent wait for the final outcome, to utter confusion due to change in dates etc. and now this emotion of ecstasy on being able to view and log into our beloved website.

Friends, Fellow Speakasians allow me to explain the various court matters and their current position:

1. Supreme Court Matter is now posted for hearing on the 14^th November, 2011.

2. Mumbai High Court Matter.
a) Criminal PIL is listed for 16^th November, 2011
b) Associations PIL not yet visible but in all probabilities will be on the 16^th itself.

3. Supreme Court quashing of FIR of Hyderabad Notice has been served on the state and CB/CID, matter awaiting posting.

4. Mumbai High Court bail matter in the Raigad case. Yesterday the Mumbai High Court confirmed the Bail for all the accused in the Raigad matter.

In short, the first court hearing is on the 14^th In the Hon. Supreme Court. All our people are out on bail. Nobody is in custody.

We all know that NO AGENCY has so far pressed any charges what so ever against the company.

On 7^th November, 2011 at around 11.45pm, we all were very ecstatic that we could once again view our website and log into our accounts and check our account detail, see our RP’s etc.

What I want to bring to the attention of all the Speakasians is that the website is still in the possession of the EOW. Why and how the EOW has allowed the website to go live and made it available to the public view, is a question for which I have no answers. Till when the website will be available for view, is another million dollar question?

We must be mentally prepared for the site to once again go off air any time. If it does not go off, I for one will be the happiest like the entire Speakasian family, but if it does go off then please do not lose heart.

We have learnt the hard way that we Speakasians will not get anything so easily and without a fight, so let us remain calm and patient and seek final relief from the appropriate forum at the opportune time.

I have drawn your attention in one of my earlier update that VICTORY is in sight. Our journey of woes is coming to an end, the final phase is always most difficult to overcome in any journey. I urge you to hold on to your patience for some more time and we will cross the victory line soon.

“Success is sweet: the sweeter if long delayed and attained through manifold struggles and defeats”. ………..A. Branson Alcott

Have faith, Have patience, trust the company.

Proud to be Speakasian

Jai Speakasia
Ashok Bahirwani
Secretary
AISPA

Updates From AISPA - Ashok Bahirwani (08 Nov. 2011)

Good Morning Speakasians,

I have been inundated with numerous calls and have checked it myself, that the www.speakasiaonline.com website is visible and our log in is possible.

This is a wonderful surprise, because for the last five months we have not been able to log into our website and see our RP’s.

Let us wait and watch if the site can be logged into during the day tomorrow also. Only then we will we know the exact status.

BUT, the fact, that the website is suddenly functional at such an opportune moment, of our case coming up in the Supreme Court, is reason to celebrate.

Let us not over celebrate, let us be calm and wait patiently, for the inevitable to happen.

Did not our Babbar sher, Tarak Bajpaiji tell us, “We are bound to win, and we will definitely win.”

Mr. Manoj Kumarji, and Madam Haren Kaurji, I on behalf of the entire Speakasian family, Thank you and Salute You, for your courage, and for having implicit faith in your business model, which you have stood by, and fought for.

The entire Speakasian family stands united behind you, and we know we will WIN.

“Satyamev Jayate”

Truth will ultimately prevail, where there is a pain, taken to bring it to light.
……GEORGE WASHINGTON

Have Patience, Have faith, trust the company

Jai Speakasia
Proud to be Speakasian

Ashok Bahirwani
Secretary
AISPA

Updates From AISPA - Ashok Bahirwani (05 Nov. 2011)

Good Evening Speakasians,

I have been irregular in posting my updates as I have been very busy with my normal business.

But trust me my heart and soul is with all of you and I have been more then eager to post my update. The only thing that kept me away was my timings, in the last fifteen days or so I have been working till almost 11.00pm in the night.

A few interesting things have happened since my last update as follows:

1. Our dear friend Shri Mateen Hafeez has proved the old saying correct “hum nahi sudherenge”. Judge sahib once again reported in his trade mark mischievous and uninformed way on 2^nd November, 2011. In his report he has proven that he indeed has no knowledge of the law, and sadly he is assigned the beat of Speakasia.

Mr. Hafeez starts by saying that the police have completed 90 days of investigation and will file their “water tight” charge sheet in November. I am not disputing or questioning his statement whether the police may file their charge sheet in November or not. What I wish to ask our Judge Sahib, is why he mentions the 90 day period, I hope he is not confused about the nonexistent 90 day time period to complete investigation. Chances are that he is confused, we all know of his confused state of mind.

Mr. Hafeez goes on to report in his trademark uninformed way that out of the total of 8 persons so far arrested in the SAOL matter he claims that 7 of them have been taken into custody by the Hyderabad police. Hafeezji, sorry sir you are wrong, the fact is that only 4 of the 8 persons have been arrested by the Hyderabad Police and are out on bail now. Important to note here is that none of the 8 people are in custody as of today.

Sir “kuch tho homework karo Na, kabhi tho homework karo na bhai”.

He then goes on to say that our inspirational leader and COO Mr. Tarak Bajpaiji has joined the MLM Business since 2004. Here again, Mr. Hafeez is far away from reality, as Mr. Bajpai has joined SAOL only in 2010. Before joining SAOL, he managed a Pilot Training academy in Indore and before that was a pilot in the INDIAN AIRFORCE.

His entire report is full of errors and wrong reporting and we Speakasians are all aware of this gentleman’s intentions.

Any way before I end my reply to his report I take this opportunity to wish Mr. Mateen Hafeez a very happy Eid Mubarak.

2. It is because of reporters like Mr. Hafeez and the misinformation spread by TV Channels that Justice Markandey Katju, has so correctly showered his ire on the electronic media. Justice Markandey Katju is the Chairman, Press Council of India. He was formerly a Judge of the Supreme Court of India after having been the Chief Justice of three different High Courts

We Speakasians laud the upright stand taken by Justice Katju and support him whole heartedly in his stand. We have been victims of the misinformation spread by the Electronic media. There cannot be a greater example than the Speakasian example, where a motivated media can be used to destroy the credibility of an entity based on falsehood, and a body of lies.

I agree with the Hon. Justice Katju when he says “In my opinion, a large section of the Indian media (particularly the electronic media), does not serve the interest of the people, in fact some of it is positively anti-people”.

I propose to write to Hon. Markandey Katju in his capacity of The Chairman of the Press Council of India. I will try and demonstrate before him the state of the Speakasia matter and how this model has been so grossly misreported, and how such wrong reporting has violated the basic fundamental rights of over 20 lakh Speakasians.

If I am given an opportunity to meet Justice Katju I will explain the entire episode in detail (our media subcommittee is working on collecting the data) especially the conduct of our dear friend Mr. Mateen Hafeez.

3. The Supreme Court matter was postponed from the 8^th to the 14^th due to some procedural reasons let me bring to your collective notice that such things are very normal when the matter is sub judice and for this precise reason I have been always urging everybody not to set any time frame while the matter is sub judice.

Unconfirmed sources inform me that the matter was postponed because none of the agencies involved have filed their written reply, if that is true then once again it is an issue in our favour, as it shows and proves that the agencies have nothing substantial or solid against the company.

I wish to remind my speakasian brethren that in the larger view such delays do not make a major difference. What is important that we should be on the path to victory which we are and this reminds me of the words of our inspirational COO Mr. Tarak Bajpaiji “We are bound to win and we will definitely win”

In one of the supplementary lists the matter is now being shown as posted for the 10^th. The exact final date will emerge on 8^th Evening when the final cause list will be uploaded on the Supreme Court web Site, till then dear friends do not get hassled, have faith in the judicial system of the country.

4. I received many phone calls yesterday, wanting to seek my confirmation on some meeting which had purportedly taken place between senior company officials in Mumbai.

I once again wish to bring to your notice, that I am the Secretary of AISPA and not part of the SAOL management. The company is not in touch with me, so I have no information what so ever about the internal happenings of the company.

If it is indeed true that such a meeting took place, then I think it is a positive movement and I don’t understand why we panelists should want to know of every small step of the company.

Dear friends, please understand this is a war like situation. Your company is under attack and we are soldiers who are standing united in support of the company. In war, the soldier is not a party to the strategies of the Generals.

I understand that as we are all only interested in quick normalization of the business activities and most of us are still wholly depended on Speakasia, our quest for information is insatiable. But we need to give the management the privacy it needs, to make some strategical moves and we should not expect to be kept in the loop at all times.

"Success doesn't come to you? You go to it."…..Marva Collins

Friends, Fellow Speakasians I very well understand your anxiety and empathize with all of you. The wait, especially at the end of the journey, is always the longest. I can smell the sweet smell of victory like the smell of the first rain.

Have Patience, have faith and trust your company.

Jai Speakasia.

Proud to be Speakasian…… actually very Proud.

Ashok Bahirwani
Secretary
AISPA

Updates From AISPA - Ashok Bahirwani (31 Oct. 2011)

Good Evening Speakasians,

I wish to thank all of the so many Speakasians, who sent me text messages, wishing me a very happy Diwali. I am sorry, I could not reciprocate the messages, as I was not celebrating Diwali due to my mother’s sad demise. Through this update I thank all of you for having remembered me on this auspicious day.

Over the last couple of days many Speakasians kept calling me, specially around the 28^th wanting to know if the EOW had filed their charge sheet, as 90 days were over since the arrest of Mr. Tarak Bajpai ji.

Allow me to explain the factual position, the 90 day rule that the panelists were referring to is in fact as follows “If an accused is in custody for a period of 60/90 days and if the charge sheet is not filed during this period, then the accused is eligible for Bail”

60/90 days is because, if the maximum punishable sentence in the particular case is less than 7 years as in SAOL’s case, then the period in question is 60 days if the maximum punishable sentence is more than seven years than it is 90 days.

Besides the above there is no time limit under which the investigating authority has to complete the investigation.

The Panelists wanted to have a clear current position of the various court cases and I try to explain hereunder:

1. The Solomon James matter (Where around 225 independent Panelists have filed a writ petition bearing number WP/383 of 2011), the next date of hearing is 8^th November, 2011. On this date it is expected that all the parties viz. the RBI, The Finance Ministry, SAOL and HVP who are the original respondents to the petition and the two new impleaded parties i.e. EOW and CTBT (IT Department), are expected to be present.

What is expected in the Supreme Court on this day?

First, we will get to know, what the stand of all the parties is.

Second, we will come to understand what the Hon. Court thinks prima facie, and what is the stand of the Hon. Court.

Third, I am sure as ordered by the Hon. Supreme court, in the last hearing the company must have by now filed their affidavit, confirming that in the eventuality of any tax liability arising out of the matter, then the company will honor such a liability. I am sure the company will not have any problem in giving such an undertaking

Fourth, and most importantly we all hope that the committee, headed by the retired Chief Justice of Supreme Court, His honorable Justice Lahoti, will be constituted thereby setting the ball rolling in the company’s favor.

I take leave, and attempt to illustrate the entire situation, by giving a simple example.

Assume, that we all are in Mumbai and our final destination, is say Delhi (Our final destination being complete normalization of business and restart of payouts and an active website), we will come to know how the Hon. Court orders us to reach our destination.

If the Hon. Supreme Court, orders us that we fly down, then I suppose the entire normalization can happen as soon as November. If the Hon. Court orders us to reach our destination by rail then we will be able to achieve our goal by maybe end December. If the Hon. Court puts us on the road route, than we should be prepared to see normalization by Jan/Feb 2012.

We will come to know the exact situation only after the hearing of the 8^th November, 2011.

What we need to quickly understand, is that the company will resume its business, is an ABSOLUTE reality and this will happen 100%.

What scores of Panelists want, is that if the website is active and visible, where we all can go and see our RP’s, and if payments are actually started at least for the panelists who have opted for the EXIT OPTION, then the panel will have no problem waiting for the normalization of business.

1. The PIL filed by AISPA, in the Mumbai High Court, was slated for after vacation and we will confirm the hearing date soon. Unconfirmed sources report that the matter is listed on 9^th November, 2011.

2. The SLP (Special Leave Application), filed in the Hon. Supreme Court, filed by the company, against the dismissal of the company’s petition for quashing the FIR, in the Hyderabad High Court. In this matter the Hon. Supreme Court has issued notice to the parties viz. The State of AP and the CB-CID (AP). The listing of this matter is awaited.

3. The company SAOL through their legal advisors M/s. Phoenix Law Firm have served a “seize and desist notice” to the reporter of TOI Mr. Mateen Hafeez and the entire editorial and the management of TOI. I will be more than pleased to report the progress on this matter as it unfolds.

Friends, Fellow Speakasians, I am supremely confident on the intention of the company, and their resolve to restart business as soon as possible, not only in India but in almost entire Asia and indeed the whole world.

We as panelists, need to do only simple and most easy things, like having patience, having trust in the company, and have implicit faith in our beloved company SAOL.

We need to acknowledge, the struggle of our leaders, like our Global CEO Mrs. Haren Kaur, Our Indian CEO Mr. Manoj Kumarji, and last but not the least, our Babar sher our inspirational COO Mr. Tarak Bajpai ji.

“I do not think that winning is the most important thing. I think winning is the only thing”.- Bill Veeck.

Proud to be Speakasian…..actually very proud.

Jai Speakasia
Ashok Bahirwani
Secretary
AISPA