Amway India CEO arrested for ‘unethical circulation of money’
Hyderabad, May 27 (IANS): Andhra Pradesh Police have arrested William S. Pinckney, managing director and CEO of Amway India, evoking strong condemnation from the direct-selling firm and the industry body FICCI.
A team of police officials from Kurnool district arrested him late Monday from the company headquarters in Gurgaon following a consumer complaint against the firm.
According to police, a case was booked against Pinckney in Kurnool for unethical circulation of money.
Police said several criminal cases were booked against Amway in Guntur, Vijayawada, Prakasam, Medak, Hyderabad and Cyberabad and investigations were on against the company.
The Crime Investigation Department (CID) had booked a criminal case against Amway in 2006. The CID had filed a charge sheet against the company and the same was taken cognizance by the chief metropolitan magistrate’s court at Nampally here.
According to a statement released by police…
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