MLM News

NetworkingEye.com: MLM News, MLM News in Hindi, MLM business, MLM Companies, Scam Companies

  • Home
  • हिन्दी
  • Scam Companies
  • Guest Post
  • Submit An Article
  • Submit Press Release
  • Advertise
  • Contact
Ed notice to Amway Sent 8000 crore to US in the past 10 years

Ed notice to Amway: Sent 8000 crore to US in the past 10 years

By Ak Sharma | Published: June 21, 2014

Rate this News

One after another, the woes for Amway India are not reaching to any conclusion in India. Amway India’s CEO Bill Pinckney, is still in police custody at Hyderabad. Now the Enforcement Directorate issued a show cause notice to Amway India for the violations of  Fema (Foreign Exchange Management Act).

The ED has found that Amway India repatriated Rs 8,000 crore to the United States from India in the past 10 years.

An official in the Enforcement Directorate said, We have issued a show cause notice to Amway after completing the investigation. The violations regarding Fema are being looked into for the repatriation of Rs 8,000 crore in the past 10 years.

  • Tweet
  • Share on WhatsApp (Opens in new window) WhatsApp
  • More
  • Email a link to a friend (Opens in new window) Email
  • Print (Opens in new window) Print
  • Share on Telegram (Opens in new window) Telegram

Related

Filed Under: MLM News

SUBSCRIBE TO Networking Eye - MLM News

Sign up for our newsletter and receive news, updates, and the latest alerts.

Leave a ReplyCancel reply

LATEST NEWS

  • Korvio-Voscrow-Hypernext Accused Denied Bail: HC Cites Rs 500 Crore Investor Loss, Main Accused Still at Large
  • CBI Arrests GainBitcoin’s Tech Architect at Mumbai Airport
  • Bitcoin Investment Fraud: ED Freezes Rs 10 Crore Dubai Assets as Multi-State Crypto Scams Expose India’s Regulatory Gaps
  • ED Arrests Digi Mudra Director in Multi-Crore My Victory Club Ponzi Scheme: Rs 38 Crore Found in Bank Accounts
  • Top 5 Fastest Growing MLM Companies in India 2023: Vestige, Amway, Herbalife, Forever Living, and Modicare

TRENDING TODAY

  • Moneylife: SpeakAsia and AdMatrix MLM Nexus
    Moneylife: SpeakAsia and AdMatrix MLM Nexus
  • Consumer Protection Authority open to regulate e-commerce, direct selling
    Consumer Protection Authority open to regulate e-commerce, direct selling
  • Top MLM Companies of Network Marketing in India
    Top MLM Companies of Network Marketing in India
  • Ranga Reddy: Multi-level marketing fraudsters loot 15 lakh from woman
    Ranga Reddy: Multi-level marketing fraudsters loot 15 lakh from woman
  • NMart properties attached by Andhra Pradesh CID
    NMart properties attached by Andhra Pradesh CID
  • All You Need to Know About BitConnect Coin
    All You Need to Know About BitConnect Coin
  • The Indian Direct Selling Association - IDSA
    The Indian Direct Selling Association - IDSA
  • Privacy Policy
    Privacy Policy
  • New Consumer Protection Act of 2019 to Protect Online Customers
    New Consumer Protection Act of 2019 to Protect Online Customers
  • Advantages of Multi-Level Marketing
    Advantages of Multi-Level Marketing

COMMENTS

  • Finlaw Consultancy on SCAM Companies New Updated list
  • Navigating the Maze of MLMs in the Beauty Industry: What You Must Know » MLM News on Things to Know Before Investing In MLM
  • Navigating the Maze of MLMs in the Beauty Industry: What You Must Know » MLM News on Direct Selling sector as a retailing medium in India is yet to gain momentum
  • Navigating the Maze of MLMs in the Beauty Industry: What You Must Know » MLM News on Decriminalization of MLM: its Importance and Issues
  • QZ Asset Management Executes Full Exit Scam; Website Unreachable » MLM News on Beware of these MLM companies

Copyright © 2014–2026 · NetworkingEye.com

About Us · Privacy Policy · Cocky Policy · Terms & Conditions