Sunday, 6 September 2009

Amway is a fraud company out to cheat people all over world

A friend states that tax evasion is a common thing indulged in by all corporates. But he conveniently overlooks various aspects raised in this blog against Amway India to prove that it is a fraud company. The division bench of the Honourable Andhra Pradesh High Court had categorically stated that the business model of Amway India is illegal and attracted the penal provisions of the Prize Chits & M0ney Circulation Schemes (Banning) Act, 1978. But our friend is still not convinced. It is not clear whether he is an IBO or a mere apologist like our IBOFB.
The fact that tax evasion is common among corporates does not make it legal. It is an illegal activity and it is only a part of various illegal activities of Amway India.
If DTY Trivedi is an IBO he should come out with the facts how much money he is actuallly earning as a member of Amway India.


dtytrivedi said...

my job is to focus on the issue u said, I don't think that whether i am ibo or not effects this issue.

Now whatever i will say, i will say with proof. The reason why i am so interested this case because i did projects on such issues. However I am not all near to you by your degree and profession sir. I respect u and ur acheivments.

As far your point raised that according "Prize Chits and Money Circulation Schemes (Banning) Act, 1978".
Did you know according that it is way more difficult to distinguish between mlm and pyramid companies? because that act is outdated.

I have not specialized in the law field sir but atleast I can say that previously there were no laws regarding internet crime, and fews years back amendment in laws took place inform of Cyber crime.

Now regarding this "Prize Chits and Money Circulation Schemes (Banning) Act, 1978" there are some loop holes as I have already mentioned in blog with source. And due to this, such problems will take place if there is no amendment in laws how can government can say what is right and what is wrong.

I have enough evidence which definitly states that there needs to be amendment on that "Prize Chits and Money Circulation Schemes (Banning) Act, 1978"

if you want more information on that feel free to ask.

Prince Gill said...

Amway is totally fraud company because i have experienced about it.
once a company hire a salesman ..
And Amway hire people like officers , teacher , MBA students as salesman
see the company.....they all get knowledge like a salesman and go like a salesman......if they are made for salesman ship way they do their MBA , B tech, etc. They mentally disable the person and make a good salesman....who sell daily , iron folic , cal meg d , dish drop , sa8 , loc ....and save money because they get salesman freely....