Amway offices, godowns raided in four districts - The New Indian Express

Amway offices, godowns raided in four districts

Published: 10th November 2012 09:21 AM

Last Updated: 10th November 2012 10:28 AM

The Economic Offenses Wing of the Crime Branch, Kozhikode, raided the offices and godowns of Amway in Kochi, Thrissur, Kozhikode and Kannur and seized products worth `2.14 crore. CB has registered a case against directors of the company and have sealed the godowns. The case was registered after receiving complaint from a woman who was allegedly cheated by the multi-level marketing company. Economic Offenses Wing, CB officials said, the case against Amway has been registered under sections of the violation of Prize Chits and Money Circulation Schemes (banning) Act. Crime Branch received a complaint from

Vishalakshi, a native of the city, who bought products worth `3 lakh,was asked to sell them through multi-level marketing. But since she could not sell them, the money was not returned. The case has been registered against directors of the company who reside in New Delhi. During the raid, officials seized products worth `1.5 crore from Thrissur, `32 lakh from Kochi, `10.5 lakh from Kozhikode and `22 lakh from Kannur.

The office of the network marketing company, Amway, at  Kannothumchal in Kannur was raided by the Economic Offences Wing. The team led by DySP L Surendran and Circle Inspector K Pradeepkumar conducted the raid.

Sources said that they had received information that Amway has made business worth `43.4 crore this year.

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