Three officials of network marketing firm Amway India, arrested the day before, were granted bail by a Kerala court here in a case relating to alleged financial irregularities, the company said Tuesday.
Amway India’s country head William S. Pinckney and two other officials – Anshu Budhraja and Sanjay Malhotra – have been granted bail by the Wayanad district court, the company said in a statement.
“We also reiterate our continued confidence in the Indian legal and judiciary system and are confident of a favourable outcome at the end of the investigative and legal process in Kerala,” said the company.
The company would like to state that it was seriously aggrieved and shocked at the sudden and unwarranted act of detention of its officials, especially when they were fully cooperating in investigations, and were responsive to queries and documentation requests of police.
“What can best be described as a routine consumer redressal issue or complaint, has been misinterpreted and booked under the Prize Chits and Money Circulation Schemes (Banning) Act 1978. This has repeatedly been a challenge not only in Kerala but elsewhere across India, for the direct selling industry,” said the company statement.