- Direct selling company Amway’s MD & CEO William Scott Pinckney, a US citizen, remanded to custody for 14 days on charges of unethical trading and cheating
- In 2013, case filed against Amway in wake of complaint by advocate Jagannatha Reddy, in AP direct selling is not allowed
- Amway India calls arrest of Williams unwarranted, to appeal for bail now
- Indian Direct Selling Association seeks amendment to Prize Chits and Money Circulation Schemes Act to ensure due approval to such direct selling , FICCI says no criminal case filed could have been sorted out
- 6 criminal cases pending against Amway in AP
- Read at: http://www.thehindu.com/todays-paper/tp-national/amway-ceo-arrested-on-cheating-charge/article6055224.ece
Exams Perspective:
- Direct selling Companies
- Unethical trading
- Prize Chits and Money Circulation Schemes Act
- FICCI