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Speak Asia says finances in order

Speak Asia Online (SAOL), which recently ran into a controversy over its alleged pyramid scheme that involves paid subscribers filling up online consumer survey forms and luring more into its fold in return for commissions, has denied charges that its bank account is frozen.

business Updated: Jun 08, 2011 21:37 IST
HT Correspondent
HT Correspondent
Hindustan Times
Hindustantimes
         

Speak Asia Online (SAOL), which recently ran into a controversy over its alleged pyramid scheme that involves paid subscribers filling up online consumer survey forms and luring more into its fold in return for commissions, has denied charges that its bank account is frozen.

Company officials said that Singapore-based United Overseas Bank has not frozen its account and its account was only shifting to another bank.

Speak Asia has also faced charges that some of the companies intended to benefit from its surveys had not employed it.

“We have been doing commissioned reports. However, it would not be possible to share names of the companies due to non-disclosure agreements,” said Manoj Kumar, CEO, Speak Asia India.

First Published: Jun 08, 2011 21:36 IST

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