Showing posts with label CEO. Show all posts
Showing posts with label CEO. Show all posts

Monday, May 27

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.