ED attaches Rs 757 crore assets of Amway, questions business model

-
The Enforcement Directorate has accused Amway India Enterprises of running a multi-level marketing scam, while attaching its assets worth Rs 757 crore on Monday, including its factory in Tamil Nadu’s Dindigul district and bank balances of Rs 346 crore. The agency said its money trail against Amway revealed that the company had collected Rs 27,562 crore from its business operations from 2002-03 to 2021-22.

from India News | Latest News Headlines & Live Updates from India - Times of India https://ift.tt/D0oBwLG

Comments

Post a Comment

Popular posts from this blog

Footballers may not get salaries as clubs initiate force majeure

-
Image
Force majeure is clause 5.6 in Schedule 2 of the general provisions of the Standard Contract which states that "failure by a party to fulfill any of its obligations under the agreement shall not be considered to be a breach of, or a default under, the agreement in so far as the inability arises from an event of force majeure." from Sports News: Latest Cricket News, Live Match Scores & Sports News Headlines, Results & more https://ift.tt/3aPs1n5
Read more