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Ongole: Superintendent of Police Dr Kolli Raghuram Reddy asserted here on Saturday that Amway India’s business model is illegal and warned people not to fall prey to the easy and quick schemes extended by various companies in the guise of selling products and services.
In an interview with the Hans India, the SP said that the people who join in such schemes and make others join in such schemes are also liable for prosecution.
Pointing out that one of such companies which is offering easy and quick money to people is Amway India Enterprises, the SP recalled that the Division Bench of Andhra Pradesh High Court in unambiguous terms held that the business model of Amway India is illegal after hearing at length the arguments from both sides.
The print media or electronic media should not publish the advertisements of such companies and the Government has powers to attach the properties of such publications, he remarked.
The State government has issued an order in 2008 not to publish the advertisements of Amway India holding it as an illegal company, he added.
Countered the recent propaganda by Amway India that the officials have been making false statements against the business model of Amway Indi, he said that this amounted to contempt of court as already the Andhra Pradesh High Court held its business model illegal. Later, the Supreme Court also upheld that AP High Court judgment, he pointed out.
The SP said that everyone who was involved in the operations of Amway India is liable for prosecution.
He warned the people to beware of the chain schemes which have been cheating people in large numbers. “People who lose money in such schemes are also liable for prosecution since the Prize Chits and Money Circulation Schemes (Banning) Act clearly says that joining and making others join in such schemes is a crime,” he said.
The SP pointed out that already a criminal case is pending investigation in the Two Town police station in the town. “The Amway India has been casting aspersions against the police officers instead of complying with the court orders,” he said.
Ongole: Superintendent of Police Dr Kolli Raghuram Reddy asserted here on Saturday that Amway India’s business model is illegal and warned people not to fall prey to the easy and quick schemes extended by various companies in the guise of selling products and services.
In an interview with the Hans India, the SP said that the people who join in such schemes and make others join in such schemes are also liable for prosecution.
Pointing out that one of such companies which is offering easy and quick money to people is Amway India Enterprises, the SP recalled that the Division Bench of Andhra Pradesh High Court in unambiguous terms held that the business model of Amway India is illegal after hearing at length the arguments from both sides.
The print media or electronic media should not publish the advertisements of such companies and the Government has powers to attach the properties of such publications, he remarked.
The State government has issued an order in 2008 not to publish the advertisements of Amway India holding it as an illegal company, he added.
Countered the recent propaganda by Amway India that the officials have been making false statements against the business model of Amway Indi, he said that this amounted to contempt of court as already the Andhra Pradesh High Court held its business model illegal. Later, the Supreme Court also upheld that AP High Court judgment, he pointed out.
The SP said that everyone who was involved in the operations of Amway India is liable for prosecution.
He warned the people to beware of the chain schemes which have been cheating people in large numbers. “People who lose money in such schemes are also liable for prosecution since the Prize Chits and Money Circulation Schemes (Banning) Act clearly says that joining and making others join in such schemes is a crime,” he said.
The SP pointed out that already a criminal case is pending investigation in the Two Town police station in the town. “The Amway India has been casting aspersions against the police officers instead of complying with the court orders,” he said.