3 Amway Executives Arrested in India
As The Economic Times of India and various other news sources reported,
MLM firm Amway’s India CEO William S. Pinckney and 2 directors (Sanjay Malhotra and Anshu Budhraja) were arrested on charges of financial irregularities.
The arrests were made on 4 cases recently registered against the company in India.
William S. Pinckney, Sanjay Malhotra, Anshu Budhraja
Amway is a multi-level network marketing company, which was established in 1959 and is a member of U.S. Direct Sales Association.
Several members of U.S. Congress and richest elite are in the upper echelons of the scheme, which explains the position of U.S. lawmakers on pyramid marketing.
Multiple international Amway branches over the years had experienced legal pressure from local governments and had to change the rules of the game to comply with the laws or cease operations.
India’s authorities already acted against the scheme in 2005 and 2011 by multiple raids and seizures on local offices.