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Amway, a corporation that sells items directly to clients, has been accused of operating a multi-level marketing (MLM) scam and is currently being investigated by India's Enforcement Directorate (ED). Under the Prevention of Money Laundering Act, Amway India Enterprises Pvt Ltd's assets worth Rs 757 crore have been attached (PMLA). Land, factories, machinery, bank accounts, fixed deposits, and automobiles are examples of these assets. 'A money-laundering investigation by the ED discovered that Amway is operating a pyramid scheme disguised as a direct selling multi-level marketing network,' the ED stated. THE FRAUD: Amway was using a pyramid model to promote its ....
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. ....
The Enforcement Directorate (ED) has attached assets worth Rs757.77 crores belonging to Amway India Enterprises Pvt Ltd, a company accused of running a multi-level marketing (MLM) scam. ....