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ED attaches Amway India assets worth Rs 758 cr in money-laundering probe

ED has accused the firm of running a pyramid fraud in the guise of direct selling multi-level marketing network

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2 min read Last Updated : Apr 18 2022 | 11:41 PM IST

The Enforcement Directorate (ED) on Monday attached assets worth Rs 758 crore belonging to direct selling company Amway India Enterprises Pvt.

This is in connection with a money laundering probe by the agency which revealed that Amway is running a pyramid fraud in the guise of direct selling multi-level marketing network, ED stated on Monday. It added that the company accused of running a multi-level marketing scam.

According to the agency, the company has collected an amount of Rs 27,562 crore from its business operations between 2002-03 and 2021-22. Of this, it paid commission of Rs 7,588 crore to its

Topics : Enforcement Directorate Amway India Money laundering

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