They were booked under the Prize Chits and Money Circulation Schemes (Banning) Act based on complaints filed by two persons in 2011.
Kerala and Rajasthan are the only states that have come out with guidelines for the sector.
William S Pinckney, Managing Director, Amway India said the company will start exporting to Sri Lanka, Nepal, Bangladesh and Pakistan from India within the next couple of years. The company, which has emerged as the largest direct marketing company in the country, is now looking to make India an export hub for South Asia.
The arrests were made on a complaint of a woman who claimed to have incurred loss through the network.
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Direct-selling company Amway India said its MD and CEO William S Pinckney has been released on bail, two months after his arrest by Andhra Pradesh Police in connection with criminal cases registered against the firm in the state.
William S Pinckney was arrested by the Kerala police for alleged violation of the Prize Chits and Money Circulation Schemes (Banning) Act.
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