Wednesday, November 27

'Amway siphoned off Rs 2,859cr, court has taken up plaint'

The Enforcement Directorate has accused Amway India of running a multi-level marketing operation and siphoning off over Rs 2,859 crore. The agency claims that Amway India cheated the public. The ED's money laundering probe is based on multiple FIRs filed by the Telangana police, which allege that Amway engaged in promoting an illegal money circulation scheme. In the investigation, police found that the money collected from members was siphoned off and deposited in overseas accounts.
  • News Source Indiatimes (Click to view full news): CLICK HERE
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