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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 trak.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from trak.in Daily Mail and Mail on Sunday newspapers.
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. ....
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 ....
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. ....