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The Hindu

National

Diksha Munjal

REVEALED: Explained the pyramid scheme allegations against amway - The Real Truth

Amway ED MLM CID India United States

The story so far: The Enforcement Directorate (ED) on Monday, April 18, attached ₹757.77 crore worth of assets of direct-selling company Amway India Enterprises Private Limited, accusing it of running a multi-level marketing scam.

The attached properties include over ₹400 crore worth of immovable and movable properties such as a parcel of land and the factory building of Amway in Tamil Nadu’s Dindigul district, plant and machinery, and vehicles. The remaining attached assets include bank balances and fixed deposits in 36 bank accounts identified so far, having a cumulative balance of ₹345.94 crore, the ED said.

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