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

INDIA Team Latestly| Apr 19, 2022 11:51 AM IST
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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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