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ED seizes Amway’s assets worth 757 crores, money laundering case…

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The ED has taken strong action against Amway India Enterprise Pvt Ltd in a case of money laundering by the Enforcement Directorate. ED gave Rs. The company has provisionally attached assets worth Rs 757.77 crore.

On Monday, April 18, the central agency launched a campaign on Amway. Central level officials told the media that all the property, machinery, houses and money belonging to the company have been confiscated. Also everything has been confiscated by the government.

The company had accounts in 36 different banks, in which over Rs 411 crore in bank accounts and assets worth Rs 345 crore were temporarily seized by the agency. According to media reports, all the money of the company has been confiscated in the money laundering case. Central officials were told that the company was charging more than the market price.

Revenue over Rs 6,000 crore: This company has generated more than Rs 6,000 crore in India in 20 years from 2002 to 2022. The company is running its business not only in India but also in the US and till now has paid commission of Rs 7,588 crore to the distributor.

Central level officials say that the company is deceiving the people of India by showing the dream of becoming rich in a short time but they are being given medicine to buy such products which are very less in the market and these people are charging more money. Huh.

The company is in the process of becoming a member. It has nothing to do with the product. She is shown the dream of becoming rich in only a short time by adding a man under her control.

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