Amway India CEO William S Pinckney arrested, again

May 27 2014, 16:57 IST
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Amway India says arrest of chief William S Pinckney was made on Amway India says arrest of chief William S Pinckney was made on "frivolous" charges that gave "a misleading impression" about its business. (PTI)
SummaryWilliam S Pinckney, Chairman and CEO of Amway India was today placed under arrest by Andhra Pradesh police...

Act and has been working along with various industry bodies and government for the same.

"We urge the authorities to take note of the challenges faced by this industry and give us clarity to facilitate its smooth functioning," the Amway statement added.

Amway India said it has invested more than USD 100 million in a manufacturing facility in the country.

Globally, Amway has operations in countries such as the US, the UK, China, Malaysia, Singapore and Vietnam.

Meanwhile, India Direct Selling Association criticised the arrest of Pinckney under the PCMCS Act again, stating that it sent out a wrong signal on a day when the new government under Narendra Modi has taken charge.

"Today is the first of the new government and you arrest a CEO of an MNC here. What kind of signal the government wants to send outside (overseas investors)," IDSA Secretary General Chavi Hemanth said.

The government wants to portray it as a liberal but the direct sellers are suffering because of the policy ambiguities, she added.

According to her, the PCMCS Act need "definitional and operational clarity" as the entire direct selling industry is suffering in India because of that.

"The PCMCS act was made for financial instruments and services and it could not be applied on direct selling activity here," Hemnath said.

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