how an Amway CEO landed behind bars halfway around the world: The Indian express

When police in the Indian state of Kerala arrested US citizen William S. Pinckney last month, a local official attempted to explain how the CEO of Amway India ended up in handcuffs.
"With the call of easy money, [Amway has] been luring people to invest," the official told an Indian press gathering. "The new members in turn had to get more people and this was leading to illegal money circulation."
It sounded familiar.

Amway India's statement after arrest of CEO, two directors

 

“Mr William S Pinckney, MD and CEO of Amway India and two Directors, Mr Anshu Budhraja and Mr Sanjay Malhotra - who had on 3rd May 2013, been granted anticipatory bail by the Kerala High Court over a case filed at Kozhikode in 2012 - have been taken into custody by the Wayanad Police, Kerala for another case filed in 2011. We would like to clarify that with respect to the 2011 case, the company or its officials were not issued any summons to join the investigation nor was any information sought by the police.

Amway India Chairman William Pinckney, two directors arrested

KOZHIKODE: Network marketing firm Amway's India Chairman and CEO William S Pinckney and two company Directors were arrested here today on charges of financial irregularities.
The two directors are Sanjay Malhotra and Anshu Budhraja, crime branch sources said.
The arrests were made on a complaint of a woman who claimed to have incurred loss through the network and on the basis of three cases registered against the company last year in Wayanad district, they said.