Marketing Scam: ED Attaches Assets Of Amway Worth 750Cr. In Multi-Level Scam | English News

The Enforcement Directorate has attached assets worth Rs 757.77 crore belonging to Amway India Enterprises Private Limited, a company accused of running a multi-level marketing scam. The attached properties include land and factory building of Amway in Tamil Nadu’s Dindigul…

Marketing Scam: ED Attaches  Assets Of Amway Worth 750Cr. In Multi-Level Scam | English News

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The Enforcement Directorate has attached assets worth Rs 757.77 crore belonging to Amway India Enterprises Private Limited, a company accused of running a multi-level marketing scam. The attached properties include land and factory building of Amway in Tamil Nadu’s Dindigul District, plant and machinery, vehicles, bank accounts, and fixed deposits. Out of 757.77 crores, the immovable and movable properties are worth Rs 411.83 crore whereas the bank balance is to the tune of Rs 345.94 crore from 36 different accounts belonging to Amway. ED has alleged that Amway is involved in running fraud in the guise of direct selling multi-level marketing network.
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