Mr. William S
Pinckney, Chairman and CEO of Amway India was placed under arrest by the Andhra
Pradesh Police in connection with a complaint against the direct-selling firm.
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| Amway India CEO William S Pinckney |
Kurnool
Superintendent of Police Mr. Raghurami Reddy said, " Mr.Pinckney was
apprehended in Gurgoan yesterday and was brought to Kurnool on a warrant.
The
arrest was based on a complaint alleging unethical circulation of money through
Amway's operations. "He will be produced in the court shortly. The CEO Mr.
William S Pinckney has been booked under the Prize Chits and Money Circulation.
Schemes (Banning) Act," Mr. Reddy told PTI.
This is the second
time that the Amway India CEO has been taken into custody. A year ago Kerala
Police arrested Pinckney and two company Directors on charges of financial
irregularities.
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