ED: Amway siphoned off Rs 2,859 crore, Hyderabad court has taken up plaint

IndiaTimes Monday, 20 November 2023 ()
The Enforcement Directorate has accused Amway India of running a multi-level marketing operation and siphoning off over Rs 2,859 crore. The agency claims that Amway India cheated the public. The ED's money laundering probe is based on multiple FIRs filed by the Telangana police, which allege that Amway engaged in promoting an illegal money circulation scheme. In the investigation, police found that the money collected from members was siphoned off and deposited in overseas accounts.

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Enforcement Directorate Enforcement Directorate Law enforcement agency and economic intelligence agency of India

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Telangana Telangana State in southern India

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