Amway, which is taking a look at its ‘portfolio’ in India as part of planned global investments, is studying how to readjust the portfolio more towards immunity, nutrition in the country Amway India also expects its business to come back to at least 80-90% of pre-lockdown levels by July With the increased demand for immunity […]
Coronavirus outbreak a right time to revisit Ayurveda wisdom on prevention: Amway CEO
Amway, which counts China as its largest market and was allowed to run its factory in Guangzhou to produce its ‘Nutrilite’ health products although others in manufacturing sector such as cars and electronics have been shut, believes India could also consider building long-term immunity and a healthy society as the Chinese have done. Crisis like […]
3000 crores cheated from 1.75 lakh investors, ED raids 12 locations of bike boat company
On Saturday, the Enforcement Directorate raided 12 locations in Lucknow, Delhi and Noida of the Bike Boat Taxi Company. The company defrauded millions of investors by running a bike taxi service on the lines of Ola and Uber. During the raid, many important documents linking the company to money laundering were found. The Bike Boat […]
Amway India Appoints Ajay Khanna as Chief Marketing Officer
Khanna has taken over the reins from Sundip Shah and will will report to Anshu Budhraja. Ajay Khanna joined the organisation in 1998 and donned many hats in various capacities Direct selling FMCG company Amway India has appointed Ajay Khanna as the chief marketing officer. With over 24 years of experience in the FMCG and […]
Kerala Govt expedites the process to monitor MLM companies
The Kerala state government has expedited the process for fully activating the functions of a ‘monitoring authority’, set up to regulate the activities of multi-level marketing (MLM) and direct-selling firms in the state. In order to firmly implement the guidelines that have been framed to put a check on the activities of MLM firms, an […]
Odisha Chief Secy Seeks Action Against QNet & Its Indian Franchise
The Office of Odisha Chief Secretary has written to the Economic Offences Wing (EOW) of Crime Branch praying for action against the alleged multi-crore scam by Hong Kong-based company QNet and its Indian partner Vihaan Direct Selling (India) Pvt Ltd. Acting on a petition filed by one Gyana Ranjan Mishra on November 25, 2019, Chief […]
ED attaches Rs 8.82-cr assets of Webwork Trade Link
A Noida-based multi-level marketing firm’s assets worth over Rs 8 crore have been attached in connection with an alleged online Ponzi fraud case, the federal agency said on Thursday. A provisional order under the Prevention of Money Laundering Act (PMLA) has been issued by the Enforcement Directorate against the company– Webwork Trade Link Pvt Ltd. […]
OneCoin Scheme Sued by Former Investor After Losing $130,000
OneCoin scam alleged to be of 3.4 billion euro ponzi scheme Ignatov and her brother Konstantin charged with conspiracy to commit money laundering, wire fraud and securities fraud OneCoin recruted 3 million members worldwide OneCoin, a cryptocurrency investment scheme, has been sued by its former investor, Christine Grablis, over her losses of $130,000. On behalf […]
HOW FRAUDSTERS ARE ABUSING THE MLM INDUSTRY
There a big difference between multi-level marketing companies which promote products and which build a network through a pyramid scheme. In fact, the latter makes money only when people sign up to use the products for themselves. According to many industry experts, the overall success of everyone depends on the ways in which the individuals […]
e-Chat Final Round of ICO Is On, Stay Tuned
e-Chat is a beloved decentralized messaging app that is highly appreciated by millions of users worldwide. Since October 2017 e-Chat team has been running ICOs and the launch of the Third Round, and at the same time, the last one is scheduled on January 8, 2018. The coming ICO brings many surprises and one of […]