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Govt Initiates Probe Against Amway: Rs 4050 Crore Of Fraud Detected Via Ponzi Scheme - Trak in - Indian Business of Tech, Mobile & Startups

Govt Initiates Probe Against Amway: Rs 4050 Crore Of Fraud Detected Via Ponzi Scheme - Trak in - Indian Business of Tech, Mobile & Startups
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Amway India s Rs 750 Crore Frozen By Enforcement Directorate

The Enforcement Directorate accused Amway India of running a multi-level marketing "scam" where it focused on signing up new members so that senior staff could earn commission.

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Amway Enterprises Statement on ED Attachment of Assets

CHENNAI: The Enforcement Directorate (ED) has provisionally attached assets worth Rs.757.77Crore belonging to Amway India Enterprises, a company accused of running a multi-level marketing scam. The attached properties include the land and factory building of Amway, plant & machinery, vehicles, bank accounts, and fixed deposits at Dindigul District in Tamil Nadu. ED had

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What is pyramid fraud in which ED has attached assets of Amway India worth over Rs 757 cr

What is pyramid fraud in which ED has attached assets of Amway India worth over Rs 757 cr - ED s investigation revealed that Amway is running a pyramid fraud in the guise of direct selling multi-level marketing (MLM) network.

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ED attaches Amway India s assets worth Rs 757 77 crore in money-laundering case

The marketing company was running a ‘pyramid fraud’ in the guise of selling its products, the investigation agency said.

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