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

Team Latestly Apr 19, 2022 11:51 AM IST

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.

(The above story first appeared on LatestLY on Apr 19, 2022 11:51 AM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).

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