Amway India Enterprises Pvt. Ltd. has fallen into the ED’s net with its Assets worth over Rs 757 crore attached under the anti-money laundering law.

As per the Enforcement Directorate statement issued today, assets belonging to the multi-level marketing (MLM) scheme promoting company, Amway India, have been attached under the anti-money laundering law.

The provisionally attached properties of Amway India Enterprises Pvt. Ltd. include land and factory building at Dindigul district in Tamil Nadu, plant and machineries, vehicles, bank accounts, and fixed deposits, it said in a statement.

Out of the total Rs, 757.77 crores of assets attached under the Prevention of Money Laundering Act (PMLA), immovable and movable properties are worth Rs 411.83 crore while the rest are bank balances of Rs 345.94 crore kept in 36 accounts belonging to Amway, it said.

The federal agency has accused the company of running a multi-level marketing 'scam' where prices of most of the products offered by the company were "exorbitant as compared to the alternative popular products of reputed manufacturers available in the open market.

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