Skip to main content

Amway India Chairman, 2 Directors remanded to 14 days custody
Direct selling firm Amway's India Chairman and CEO William S Pinckney, an American national, and two company directors, arrested in connection with three cases of alleged fraud, have been remanded to 14 days judicial custody by a local court at Kalpetta in Kerala.

Pinckney and directors Sanjay Malhotra and Anshu Budhraja were arrested by the Wayanad Crime Branch (Economic Offences) wing from Kozhikode yesterday in connection with three fraud cases registered in Wayanad district.

 Kalpetta Judicial First Class Magistrate N Ravishankar last night remanded them for 14 days.
They were booked under the Prize Chits and Money Circulation Schemes (Banning) Act based on complaints filed by two persons in 2011.

The Crime Branch (Economic Offences wing) had last year conducted searches at the Amway offices at Thrissur, Kozhikode and Kannur districts as part of its crackdown on money chain activities.

Amway, for its part, said it was cooperating with the investigations of the Kerala Police CB-CID further to the complaint filed in 2012 and Pinckney, Budhraja and Sanjay Malhotra have always been present to answer any queries of the police.
"With respect to the Wayanad case of 2011 for which it is believed that arrest warrants have been issued, the company or its officials have not been issued any summons to join the investigation nor was any information sought".
"In this respect, the company management would have been happy to cooperate with the Wayanad Police in that matter as well, as we always have as a law abiding corporate citizen, following all laid down laws of the land," it said.

The Wayanad Police had received four complaints against the firm.
Although the three executives had obtained anticipatory bail in one case filed by Vishalakshi, for which they appeared for questioning, they were arrested on the basis of three complaints filed at another police station in the district.
The three complainants Jafar, T Ashraf and P Hareendran had alleged that in 2002 Amway India attempted to collect money from them with the intention to deceive them by involving them in a money-chain scheme.

Vishalakshi alleged in her complaint that Amway agents collected Rs.3.5 lakh from her for products sold by the companies and asked her to add more members to the chain.
As she could not add more members, she sought a refund but the agents refused.

Following her complaint, last year, the Economic Offences Wing of CB-CID arrested Raj Kumar, who was in-charge of Amway's Kerala operations, and seized products worth Rs 17 lakh.

Comments

Post a Comment

Popular posts from this blog

Rouhani wins Iran's Presidential election Moderate cleric Hassan Rouhani won Iran's presidential election on Saturday, the interior ministry said, scoring a surprising landslide victory over conservative hardliners without the need of a second round run-off.Interior minister Mostafa Mohammad-Najjar announced on state television that Rouhani secured just over 50 percent of the ballot based on a 72 percent turnout of 50 million eligible voters. Mr Hassan Rouhani ... got the absolute majority of votes and was elected as president," Najjar said. Tehran Mayor Mohammad-Bagher Ghalibaf, a hard-line conservative, lagged behind with about 16 percent of the votes. Iran's top nuclear negotiator Saeed Jalili, he too a hard-line conservative, earned 11 percent. The voter turnout was 72.7 percent. President-elect Hassan Rohani, sixty four years old, is known as a moderate conservative. He has been stressing the need to improve ties with Western nations, and is back...
Post a Comment
20
Save Dissent to Save Democracy   THE rising instances of physical violence and threats against political opponents and the inability to accept dissent must raise huge concerns amongst all of us who see democracy as perhaps the really stellar achievement since Independence. AAP’s attack on BJP headquarters and acts of arson committed under the very noses of their elite leadership; the attacks on Arvind Kejriwal and Manish Sisodia in Gujarat in the last two days; the recent manhandling of the caretaker of journalist Siddharth Varadarajan’s house by some garden variety thugs; and the violence and threats meted out regularly to their political opponents by political parties is surely deplorable and condemnable. This is a fatally flawed trend which will destroy the very foundations of our democratic institutions if not pushed back with all the strength and condemnation that the civil society can mobilise. Replaying the past To begin with, it must be clarified that we should ...
Post a Comment
20
Discipline Virat can win WCC JUNE 24, 2019 Monsoon in day reach Lucknow Pranati- win the bronze medal M7.3 Earthquake – Banda Sea https://sagarmediainc.com/ INVITATION | LAUNCH OF “SWACHH MAHOTSAVA” CELEBRATIONS BY SH. GAJENDRA SINGH SHEKHAWAT, UNION MINISTER, JAL SHAKTI | 3.45 PM , MONDAY, 24 JUNE | VIGYAN BHAWAN, DELHI Invitation for a discussion on “Emergency: Darkest Hour in Indian Democracy” : S Gurumurthy, Chairman, VIF & Dr A Suryaprakash, Chairman, Prasar Bharti on Monday, 24th June 2019 17.30 NMML Invitation _Dr. Prabha Ravi Shankar_“G.A. Natesan (1873-1949): ‘Old and Dear Friend’ of Mahatma Gandhi”_24 June 2019_3.00pm  CPR and CSH are pleased to invite you to a workshop on ‘Whims of a Digital Boss: The Story of Insecure App-Based Workers in Delhi’ Speaker:  Akriti BhatiaTuesday, 25 June 2019, 3:45 p.m. Centre for Science and Humanities (CSH), 2, Dr APJ Abdul Kalam Road, (formerly Aurangzeb Road) What are the Priorities ...
Post a Comment
20