The high-flying Chief Executive Officer and managing director of Amway India, William Scott Pinckney, will continue his jail stay for some more days with the Junior Civil Judge at Dhone in the district rejecting the bail petition of the American-born official.
It may be recalled that Dr Kolli Raghuram Reddy, Superintendent of Police, got the CEO arrested at Gurgaon for the alleged activities of illegal money circulation scheme in the name of selling products.
Pinckney was produced before the Junior Civil Judge who sent him to judicial custody for 14 days and subsequently he was lodged in Kadapa central jail. Meanwhile, there have been allegations that the accused CEO has been given undue importance in the jail for reasons better known to the jail authorities.
The SP said that Amway’s business was a huge racket that has been going on for several years. “We need to unearth the details with regard to the Amway’s revenues and its mode of operations,” he added. A detailed investigation is needed to be undertaken, he remarked.
Kurnool police said that charges have been filed against Pinckney under Section 420 (cheating) of IPC and the provisions of Prize Chits and Money Circulation Schemes (Banning) Act, 1978.
In a swift move, the district police sought the police custody of the accused CEO for interrogating him and the Junior Civil Judge granted a five-day police custody in this connection.
Meanwhile, the Khammam police obtained a prisoner transit warrant to shift William Pinckney to Khammam district where another criminal case was filed against Amway India and its CEO on the similar charges, according to Kurnool Two Town CI J Babu Prasad.
Gollapudi Rama Rao, an advocate in Khammam filed a criminal case against Amway India and its CEO and MD alleging the company was indulging in illegal money circulation scheme. Pinckney would be shifted to Khammam for interrogation on prisoner transit warrant soon.According to police sources, as many as seven cases were registered separately against Amway in Guntur, Vijayawada, Prakasam, Khammam and Medak besides Hyderabad city and the investigation in all the cases is in progress.