Amway India CEO Arrested
5/27/2014
The chairman and CEO of Amway India, William S Pinckney, was placed under arrest on Tuesday in connection with a complaint against the multilevel marketing firm.
Andhra Pradesh Police said the CEO was apprehended on Monday and was brought in on a warrant. The arrest was based on a complaint alleging unethical circulation of money through Amway's operations.
A year ago Pinckney and two company directors were arrested on charges of financial irregularities.
According to police, "He will be produced in the court shortly. The CEO has been booked under the Prize Chits and Money Circulation. Schemes (Banning) Act"