Hi,
My 2.5 Lac is stuck with the (well) known survey company Speak Asia Online Pte. Ltd. also called SAOL that runs its business on www.speakasiaonline.com. However, in 2011 it was exposed by Star News that it could be a scam and since then it has not been operational in the country and has always been in news and been promising its panelists / subscribers that it would start working normally subject to Indian Government proceedings in its favour. It has not even returned the money to them who unsubscribed from or opted out of it. The worst thing, in my case, is I took 1.75 Lac Rs. on Loan from HDFC Bank and have been paying an EMI of about Rs. 6500/- and also have had to pay load amount that I raised from friends. (Yes, a misguided step that I took hoping to earn a decent living by working on the www.speakasiaonline.com and I am not the only one in the race, thousands others are victims of SAOL.)
Could anybody help me get my money back? I want to take a legal action against this organisation. The only problem (well, there are many others) is it has no office in the country, though it has been promising to open one in Mumbai.
Please give your thoughtful advice because I am finding it very difficult to continue paying off the loan/EMI. If I stop paying back to the bank then the relationship would get affected which is not a good thing. Please help me.
Thanks!