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AMWAYS FRAUD
Regulatory environments around the world, including in India, are "a little frustrating", says Amway Corp's Doug DeVosAmway’s Doug DeVos finds global regulatory environments, including India, frustrating for direct selling policies. Despite skepticism and l...- Amway, ED and India’s direct-selling sectorAmway, an American company that popularised direct sales at a mass level in India, has got into criminal cases related to money-laundering ...
- ED attaches Rs 757 crore worth of assets of Amway IndiaThe provisionally attached properties of Amway India Enterprises Pvt. Ltd. include land and factory building at Dindigul district in Tamil ...
- ED provisionally attaches Amway assets worth Rs 757 cr; company says action pertains to 2011 investigationA spokesperson for Amway India told ET in a statement: “The action of the authorities is with regards to an investigation dating back to 20...
- Former Theranos CEO Elizabeth Holmes found guilty in fraud trial. What will Silicon Valley learn from her conviction?The conviction could offer Silicon Valley some valuable lessons.
- Amway eyes Rs 6,000 crore revenue from India operations in 10 years: Anshu BudhrajaMulti-level marketing company Amway is looking at trebling its sales in the country to up to Rs 6,000 crore over the next ten years.
- Oriflame to focus on wellness; sets best growth rate this fiscal"India is among the highest growth markets for us," Oriflame's global vice-president for product marketing Mimmi Frolen said.
- Amway India CEO arrest will hit foreign investor confidence, says company's regional headAmway has sought a meeting with the Finance Minister Arun Jaitley this week, and Behl intends to leave the country only after resolving the...
- Issue regarding executives' arrest is anti-fraud, not anti-direct selling: Doug DeVos, Amway"Regulation was misapplied to our industry and that should not happen. We have been in operation for 100 yrs. We are as interested in ident...
- Government's guidelines soon to differentiate genuine, ponzi schemes: Sachin PilotGuidelines are close to being finalised by the Consumer Affairs Ministry and the Corporate Affairs Ministry has given its suggestions and o...
- Government working on streamlining rules for multi-level marketing companies: Sachin PilotThe minister's comments come against the backdrop of the recent arrest of global direct selling major Amway's India Chairman by the Kerala ...
- We need specific rules for industry: William S Pinckney, AmwayTwo weeks on, Amway shrugs the chit fund episode off. Its CEO & MD William S Pinckney talks about the controversy and the way ahead.
- Government to work on preventing a Amway repeat"We will work closely with concerned ministries and industries to remove the ambiguity in the law as soon as possible," corporate affairs m...
- Corporate Minister Sachin Pilot pitches for distinction between ponzi, genuine schemes"While steps should be taken to crack down on fraudulent companies running dubious investment schemes, companies that are reputed," the Min...
- Clearer laws on tackling fraud schemes soon: Sachin PilotSachin Pilot today said the government will remove as early as possible the ambiguities in laws aimed at tackling fraudulent investment sch...
- Amway India Chairman, 2 Directors remanded to 14 days custodyAmway's India Chairman and CEO William S Pinckney and two company directors have been remanded to 14 days judicial custody by a local court...
- Government constitutes committee to frame laws for direct and network marketingThe government is gearing up to tighten noose around direct selling and multilevel marketing companies operating in the country.
- Genuine direct-selling firms like Amway and Oriflame fight Speak Asia stigmaAt present, direct-selling companies are unsure who governs them: the department of industrial policy and promotion (DIPP), the ministry of...
Load More- ED provisionally attaches Amway assets worth Rs 757 cr; company says action pertains to 2011 investigation
