Speak Asia CEO Manoj Kumar recently appeared in a video from the World Economic Forum in Abu Dhabi, making several unsupported claims about his company's future. The video, which surfaced online, shows Kumar discussing expansion plans and business models despite ongoing criminal investigations into Speak Asia in India.

In the video, Kumar described the World Economic Forum as a place for "intellectual stuff" and "academic stuff." He then compared Speak Asia to technology companies like Napster and Skype, specifically citing their use of "peer 2 peer" technology. Kumar further claimed that Speak Asia, and similar pyramid schemes, would solve India's unemployment issues. He suggested that "any other country" would hail pyramid scheme operators as "national heroes."

Kumar also asserted that people still do not understand Speak Asia's business model. He stated that the government of Bangladesh had "approved the business model" and that operations would begin there in December. He added that Speak Asia had approached the UK government regarding business operations. Both the UK and Bangladesh governments, he claimed, had "welcomed us with open arms." Kumar concluded by predicting Speak Asia would become one of the "major corporates of India." None of these claims came with any tangible proof.

The reality in India contradicts Kumar's optimistic pronouncements. Just yesterday, the Andhra Pradesh High Court dismissed bail petitions for Speak Asia Online Pvt Ltd director Rajiv Melhotra and four employees. The Criminal Investigation Department (CID) continues its criminal probe into the company. The Economic Offenses Wing (EOW) also alleges Speak Asia created over 800 fraudulent panelist accounts. The EOW claims Speak Asia had no corporate clients for its surveys and that the surveys themselves were fabricated from Wikipedia and free online article directories.

Concerning Bangladesh, AISPA's "anju argarwal" stated days earlier that "the talk that they are registered in bangladesh is a rumor and unsubstantiated." The notion of establishing Speak Asia's business model in England also faces significant hurdles.

The ongoing legal challenges in India, including the dismissed bail petitions and the CID's criminal investigation, show the precarious position of Speak Asia and its leadership.