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| The Helping Material to the victims of the Money Circulation Scheme or Multi-Level Marketing or Money Cheating Schemes or Chain Marketing or Dubious Direct Selling |
 Money Circulation Scheme
means a scheme by whatever name so called viz., Multi Level Marketing, Networking Marketing, Chain Business, Introduction Marketing, Referral Marketing, Sponsoring Business, Enrolling business promises to give commissions or incentives based on the event of enrolling or sponsoring new members into their scheme besides other camouflaged transcations like sales, purchases. Analysis...
Ministry of Consumer Affairs: Letter issued by Shri Wajahat Habibulla Dt.31.3.2003 was annulled.
Ministry has clarified and nullified the letter issued by Shri Wajahat Habibulla dated 31.3.2003. The department has clarified vide its letter dated 23.9.2003 to The Central Economic Intelligence Bureau that "It is clarified that this Department's clarification of even number dated 31st March, 2003 does not cover pyramid structed marketing schemes. That area also does not fall within the purview of this Department". If any one using the letter of Shri Wajahat Habibulla Dt.31.3.2003 is nothing but cheating. Clarification...
Andhra Pradesh Police: Register FIRs against Money Circulation Schemes
The O/o. Director General of Police, Andhra Pradesh, Hyderabad has issued a circular memo instructions all the SHOs in the A.P. State to register the criminal cases (FIRs) on the information of Money Circulation Schemes. Circular...
Andhra Pradesh Police: Criminal cases against MLM Companies.
The Police have registered criminal cases on so called Multi Level Marketing companies namely P.A.C.L. (Pearls), Amway India, Gold quest, V-Can Networks, Herbalife,
Alekya, Yellow Pages, Dew Soft Chain Scheme systems, Algi Networks, Bajaj Capitals, Devi Networks, Diamond Sahaya, e-Biz.com, Golden Choice Network, Golden Jubli Marketing, Happy Life Marketing, Lucky Draw, Maruthi Motors, MHM Marketing, Mickway Finance Company, Mihira Net, Mithra Chits, Prathusha Motors, Prem Shiva Lucky Scheme, Raga Sindhuja Enterprises,
Ray Ready Made Shirts, Sri Ramanjaneya Lucky Bumper, Sridevi Enterprises, Suraj Holiday Resorts and Townships, Synergy Shopping, Varasiddi Vinayaka Management, Venkateswara Motors, Vigneswara Motors, Max Newyork Insurance, V.R. Rural Equipments
on a specific complaints of cheating under the guise of Multi Level Marketing. Full-List...
Parliament - Loksabha : The scheme of Amway is illegal (20/12/2002)
The Hon'ble Minister of State for Finance and Company Affairs Shri Anandarao V. Adusul informed to the parliament that the scheme of Amway is nothing but an illegal Money Circulation Scheme prohibited under the provisions of The Prize Chits and Money Circulation Schemes (Banning) Act, 1978. Asked the Police of respective State Governments to file criminal cases against it. Full-Copy...
The High Court of Division Bench of A.P. : The scheme of Amway is illegal
The Hon'ble Division Bench of A.P. has held vide W.P.No.20470 of 2006 that the sponsoring related business scheme of Amway is nothing but an illegal Money Circulation Scheme prohibited under the provisions of The Prize Chits and Money Circulation Schemes (Banning) Act, 1978. Asked the Police of respective State Governments to take action against Amway. Judgement...
Criminal Case Against Amway in Hyderabad(For Promoting illegal Money Circulation Scheme in the guise of products and sales)
It was informed by the CID officials of Hyderabad that the criminal case pending against Amway in Nampalli Court vide CC No.125/2008 on the file of Hon'ble Chief Metropolitan Magistrate Court, Nampalli, Hyderabad. Wherein the Diamond Members of Amway i.e. Raja Naren, Ashok Reddy, Manipal Reddy and Amway C.E.O. Willam Pickney are attending the court to face trial. The case was posted to November 12, 2009.
Inspectors of Police (CIs) are authorised under RBI Act, 1934
The Govt. of Andhra Pradesh in view of modifications to Reserve Bank of India Act, 1934 nominated and authorised all the Inspectors of Police (Circle Inspectors) to take action against the persons or unauthorised Finance Companies who are mobiliging deposits and to search for documents relating to acceptance of deposits in contravention of provisions of section 45S of the Reserve Bank of India Act, 1934 for effective implementation of the provisions of the said Act. . In this regard a G.O.Ms.No.39 FINANCE & PLANNING (PLG.IF-I) DEPARTMENT, Dated 2nd July, 1986 has been issued. G.O....
Nutrilites Products of Amway were found to be Misbranded and/or Adulterated
The State Food Laboratory of A.P., Nacharam, Hyderabad conducted analysis on the Nutrilite products of Amway. Nearly 15(fifteen) products were found to be either Aduterated or Misbranded. The reports obtained under RTI Act from the State Food Laboratory are being herewith shown.Reports...
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