The U.S Federal Trade Commission is thinking about tightening up the guideline on pyramid schemes. The FTC is under lot of pressure from the U.S lawmakers and consumer groups to investigate Herbalife, the $5 billion MLM company. The FTC has actually been reluctant to pursue Herbalife, due to the cost of going up against such […]
RBI Warning: Inspect before Depositing Cash with Financial Entities
The Reserve Bank of India has issued an advisory to the public recommending them to thoroughly evaluate their financial investment decisions, consisting of making deposit with NBFCs. The FAQs describe in detail the numerous kinds of monetary entities and the regulations regulating them. They also have detail where members of public can lodge complaints in […]
Kerala police Claims: Amway sells products at higher rates
In a recent investigation done by Kerala police, they came across facts that Amway is selling their products at a very high price, that basically includes individual care and Health care products through their direct selling method. Amway sells G & H Body Shampoo and G & H Lotion 250 ml with its ABOs (Amway Distributors) […]
MLM companies plans agitation against “police harassment”
Affirming police harassment, MLM companies like Amway on Tuesday said they are planning country- broad agitations if the Government fails to suppress their mistreatment within 45 days. The Forum for Direct Selling Companies & Consumers of India (FDCI) said planning agitations is the “only choice left for over 7 crore Indian distributors under given desperate […]
IDSA Demands for direct selling law; Global MLM CEOs to visit India
In order to promote a separate legislation for the direct selling market in India, top global executives of such mlm companies would be visiting India later on this year. “The CEO council of World Federation of Direct Selling Associations (WFDSA) would be involving India for the first time. “This is to go over road map […]
RBI And SEBI To Play Vital Role Against MLM Companies
New Delhi: A high-level panel is working on a way to control Saradha-like illegal investment schemes. The plan will be presented to the government in coming 15 days. “The roadmap consists of an active role of an existing regulatory body to play a pro-vital role to prevent unethical aspects taking the gullible public for a ride,” […]
Vizag investors defrauded by Sri Chakra Gold Farms and Villas India Limited
Visakhapatnam: Cheating public has become a common practise at Vizag. This time Sri Chakra Gold Farms and Villas India Limited rips off public virtually 50 crores in the name of property and farm estates business. The management of Sri Chakra Gold Farms and Villas (India) Limited fooled its investors of ’50 crore. Organisers of the business are […]
Top MLM Companies of Network Marketing in India
Currently at least 10000 Companies of MLM are operating in India. Their business revenues is more than 3500 Crores fiscal year 2009-2010, based on the Indian Direct Selling Association, IDSA. IDSA is an association put together by some top MLM companies in India relating to the core concerns associated towards this business and future consumers within the industry. IDSA […]
No more freeze on Amway offices : Kozhikode Court
AMWAY India who is dealing with a case in Kerala, where lot of outlets closed, got a relief on Friday when the Kozhikode district court gave orders to unseal its warehouses and offices in Ernakulam, Thrissur, Kozhikode and Kannur. The relief came when AMWAY gave a bank warranty of Rs 1 crore. The chief judicial […]
Sify CEO Kamal Nath Receives Warrant In Amway Fraud Case
The Economic Offences Wing of the Kozhikode Crime Branch has charged Kamal Nath, CEO of Sify Technologies, as an accused in the Amway multilevel marketing fraud case for continuing to provide its services to Amway in spite of receiving a warning letter from the Crime Branch three months ago, reports New Indian Express. The report also states that […]