Amway Faces Legal Action In Rs 4,050 Crore Alleged Money Laundering Case
NDTV
In its response, Amway said it has been cooperating with the ED and shared all the information as sought from time to time.
The Directorate of Enforcement (ED) has filed a prosecution complaint under the Prevention of Money Laundering Act (PMLA), 2002 against Amway India Enterprise Pvt. Ltd. (Amway). The complaint has been filed in the Court of the Hon'ble Metropolitan Sessions Judge cum Special Court (PMLA) in Hyderabad, which took cognizance of the matter on the same day.
The ED's investigation stems from various FIRs registered by the Telangana Police against Amway and its Directors under different sections of the Indian Penal Code.
The allegations suggest that Amway engaged in promoting an illegal 'Money Circulation Scheme' under the guise of selling goods, deceiving the public by promising high commissions and incentives through simple enrolment of new members.
