Amway India’s Assets Provisionally Put Under Freeze by ED for Running A ‘Pyramid Scam’

On April 18, the Enforcement Directorate (ED) said that assets belonging to Amway India have been attached, reported NDTV. ED said that assets worth over Rs 757 crore of the direct-selling consumer goods company have been attached under the anti-money…

Amway India's Assets Provisionally Put Under Freeze by ED for Running A 'Pyramid Scam'

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On April 18, the Enforcement Directorate (ED) said that assets belonging to Amway India have been attached, reported NDTV. ED said that assets worth over Rs 757 crore of the direct-selling consumer goods company have been attached under the anti-money laundering law. ED accused Amway of running a multi-level marketing scam. ED said, “A money laundering investigation by the ED revealed that Amway is running a pyramid fraud in the guise of direct selling multi-level marketing network.” Watch the video to know more.

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