Monday, 14 July 2014
Tuesday, 8 July 2014
Monday, 7 July 2014
Warangal: A court here on Thursday rejected the bail petition submitted on behalf of the managing director and chief executive officer of Amway India Enterprises William S Pinckney who was arrested in a criminal case recently.
An engineering graduate, Anurag, lodged a complaint against the multilevel marketing company on the charges of cheating people with illegal money circulation scheme in the name of selling products. He said in his complaint, the company in the name of selling products was actually into illegal money circulation scheme. The Subedari Police Station after receiving the complaint filed the criminal case against the US-based company and arrested the MD and CEO of Amway India William Pinckney..
The counsels of Amway India filed the bail petition in the court for the release of William Pinckney who has been in jail for the last six weeks. However, the court rejected the petition.
Thursday, 3 July 2014
Hyderabad: The top police officials of the two States of Andhra Pradesh and Telangana have launched a massive hunt to track down the ‘Diamonds’ and other members of Amway India Enterprises to make sure their role in the multilevel marketing scam of the US-based company.
According to informed sources, the police of both the states are even sharing information regarding the list of upline members in the hierarchy of Amway India Enterprises, who share commissions on purchase of products by the downline members. The sources said that in the business model of Amway, the upline members who enroll new members into the scheme of purchasing products received sizable income which was nothing but easy and quick money. “Once the list of the ‘Diamonds’ is prepared and their income on commissions is confirmed, we go ahead with arresting them also,” the source said.
Meanwhile, the police on Monday arrested the MD and CEO of Amway, William S Pinckney, who is presently in Charlapalli Jail and presented him in the judicial court which sent him to remand for 14 days. The MD was sent back to Charlapalli Jail. It is learnt that the police would file a petition in the court seeking custody of Pinckney for interrogation to take the criminal case against him to a logical conclusion.
A police official said that the law would take its own course and charge sheets would be filed soon in the criminal cases against Amway India. In another twist to the criminal case against the MD of Amway, the High Court did not issue any orders on the petition filed by Amway India to exempt its managing director Pinckney from surrendering the passport to the police department. However, the passport surrender order issue has become an impediment for the release of Pinckney on bail.
Sunday, 29 June 2014
More often than not, the apologists of Amway India say that
Amway India is facing problems only in Andhra Pradesh but nowhere else in India.
The critics even go to the extent of blaming one police officer who they
claim to be holding a grudge against the company. It is proved wrong once
again. Last year, the Kerala police filed criminal cases against Amway
India arresting CEO and MD William Pinckney. Here is another instance to
prove the critics wrong. This is time it is in the national capital
Delhi (ANI) Direct marketing firm Amway India has been facing some
tough times of late; and its troubles don't seem to be ending any time
soon. In the past year, the company and some of its key officials have
been charged with financial irregularities.
May last year, its chairman and CEO William S Pinckney and two
directors were arrested by Crime Branch officers for violating various provisions
of the Prize Chits and Money Circulation Schemes (Banning) Act, 1978.
now, a Delhi resident has lodged a police complaint accusing
Amway India of being involved in a scam allegedly worth over Rs.2000
to the complainant, Kiran Pal, key officials of Amway India, including Pinckney
and Chief Marketing Officer Sundeep Shah, allegedly adopted restrictive
trade practices that resulted in misrepresentation, and the sale of
inferior quality health, beauty and nutritional products.
documents provided by Mr. Pal, he has claimed in his complaint that an Amway
Enterprises Limited distributor lured him with the prospect of becoming an
Independent Business Owner (IBO) and achieving complete financial
to the documents provided to the authorities, Pal has said his wife used one of
Amway's eyeliner products, and thereafter, had to undergo costly medical
treatment for burnt eye lids.
on Pal's complaint, the Civil Lines police station has issued a notice to the
Amway India's offices in Sector 32, Gurgaon, seeking clarifications on the
method of its operations, and details of agencies, if any, that verify
India has not given a response or a statement with regard to this complaint,
despite repeated attempts to contact them.
Sunday, 22 June 2014
Pinckney is not willing to execute the bail bonds for his release: Kurnool police. Amway keeping him in jail to bring pressure on Indian Govt for his release
The Kurnool District Court granted bail to CEO and MD of Amway India Enterprises, Mr William S Pinckney, more than a week back. But Amway India officials so far have not come forward to secure his release on bail. What could be the reason?
The Amway India Enterprises’ counsels and the bosses of Amway in the USA have been attempting to bring pressure on the Indian Government to release Mr Pinckney unconditionally. The Amway officials appears to have felt that more time Mr Pinckney remains in jail, he could garner more sympathy. In order to increase the pressure on the Government they are keeping Mr Pinckney in jail. It is entirely the fault of the Amway authorities in making the CEO and MD of Amway India languish in jail.
Secondly, the District Court set as one of the conditions for bail that Mr Pinckney should surrender his passport to the court. The Amway authorities could not digest this condition. They pleaded that Pinckney has been living in the country for the last 16 years and he would not escape to other countries. The court did not agree to the contention and stuck to its position for the surrender of the passport.
In fact, the Nampalli Metropolitan Magistrate Court should have demanded the surrender of passport seven years back when a criminal case was filed against Amway India by the CID of AP. For reasons better known to the then judicial officer, there was no such demand.
At least this time, the district court of Kurnool set the condition. Once he surrenders the passport and fulfil the other conditions, he would be set free. Then only he could obtain bail from other courts including Warangal, Khammam, Hyderabad and other places.
Why Mr Pinckney is not willing to surrender his passport?
In the case, he is convicted and sentenced he might escape to the USA or Australia to avoid jail term. That is why the judicial court is demanding surrender of his passport.
That exactly is the point why the bigwigs of Amway from the USA are spreading canards that Pinckney was illegally detained and harassed.
In fact, he was legally arrested for indulging in a criminal activity and he could secure bail by fulfilling the conditions set by the judicial authorities.
Meanwhile, the journalist friends in New Delhi told Corporate Frauds Watch that Amway officials are seen moving in the lobbies of Parliament trying to impress upon the newly-elected members of Parliament for the release of Mr Pinckney.
Saturday, 21 June 2014
The Indian Enforcement Directorate authorities have found after a thorough investigation that Amway India has illegally siphoned out of the country Rs. 8,000 crore (Rs. 80 billion) to the USA. The Directorate has issued a show cause notice to Amway India Enterprises to that effect.
“The multilevel marketing company Amway India has siphoned out Rs. 8,000 crore from India illegally,” a top official of Enforcement Directorate said.
He also said that the Enforcement Directorate has been probing violations of Foreign Exchange Management Act (FEMA) indulged in by Amway India.
“We have issued show cause notice to Amway after completing the investigation. The violations regarding FEMA are being looking into for the repatriation of Rs. 8,000 crore in the past ten years, said the ED source.
The Corporate Frauds Watch has been raising the issue with the officials at various levels for the last several years that there were violations and the Amway India has been illegally siphoning out large scale funds from the country.
Amway India has been claiming that it is investing Rs. 500 crore for setting up a plant in Tamil Nadu. But the fact is that it has illegally siphoned out the funds up to Rs. 8,000 crore and Rs. 500 crore is just peanuts.
In the name of multilevel marketing, the fraudulent company has been milking the Indians. It is high time people realised the fraudulent activities of Amway India. The Corporate Frauds Watch estimated that Amway had siphoned out Rs 10,000 crore during the last 15 years of its existence in the country. Now the cat is out of the bag and the Central Government should take initiative to curb the illegal business activities of the multilevel marketing company.