The Enforcement Directorate has filed a prosecution complaint against Amway India, alleging the company is promoting a pyramid scheme. The complaint alleged that Amway was running a multi-marketing and money circulation scheme to collect money from subscribers. The ED identified proceeds of crime worth Rs 4,050 crore and attached immovable and movable assets worth Rs 757 crore
Amway generated proceeds of crime of over Rs 4,000 crore through MLM scheme: ED orissapost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from orissapost.com Daily Mail and Mail on Sunday newspapers.
Additionally, the ED has confirmed that the Metropolitan Sessions Judge cum Special Court (PMLA) in Hyderabad has acknowledged the Prosecution Complaint on November 20, marking the initiation of legal action.
Amway India Faces Legal Charges By ED Over Alleged Money Circulation Scheme freepressjournal.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from freepressjournal.in Daily Mail and Mail on Sunday newspapers.
The Directorate of Enforcement (ED) has filed a prosecution complaint under the Prevention of Money Laundering Act (PMLA), 2002 against Amway India Enterprise Pvt. Ltd. (Amway).