Friday, 11 June 2010

Amway scam's money circulation scheme comprises only ten persons

The manipulators are at their best when the CID of Andhra Pradesh filed the charge sheet in the Chief Metropolitan Magistrate court at Nampally, Hyderabad. In the First Information Report, the police had mentioned the Amway India as the first accused and surprisingly, when the charge sheet was prepared the name of Amway India disappeared in the list of accused. After the Press cried foul, the CID amended the charge sheet and included the name of Amway India in it.
Secondly, the CID mentioned the names of only ten persons in the charge sheet and stated that they indulged in money circulation schemes. They could only explain that how only ten persons run a money circulation scheme.
Let us compare the case of GoldQuest International in which the same CID of Andhra Pradesh prepared a list of about 2,800 persons who had pocketed more than Rs. 50,000 in the money circulation scheme run by the company by selling gold and silver coins.
It is not difficult to arrive at conclusion as to what made the CID to conduct a perfunctory investigation into the Amway scam and how only ten members involved in the money circulation scheme. That is the reason, the Corporate Frauds Watch is pursuing the demand for re-investigation of the case.


Tex said...

What an IDIOT! The reason is because India no longer allows the ATS, so Amway is a legitimate business in India. LOL

Shyam Sundar said...

Pigheaded fellow, it is still a crime under the Prize Chits And Money Circulation Schemes (Banning) Act, 1978.

Tex said...

Airheaded fellow, then why haven't they kicked out Amway yet?