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Amway can operate accounts: High Court

DC CORESPONDENT
Published Jul 2, 2014, 7:37 am IST
Updated Mar 31, 2019, 9:50 pm IST
Amway can operate 50 per cent of the amount from its bank accounts in the state
Arrested Amway CEO and MD William S. Pinckney. (Photo: DC/File)
 Arrested Amway CEO and MD William S. Pinckney. (Photo: DC/File)

Hyderabad: Justice Nooty Ramamohana Rao of the Hyderabad High Court on Tuesday granted permission to Amway India Ltd to operate 50 per cent of the amount from its bank accounts in the state.

While admitting a writ petition filed by the company questioning an order of the superintendent of police, Kurnool, directing seizure of all bank accounts of the company, the judge granted the interim relief. The company contended that since the investigation against the company was handed over to the CB-CID, the superintendent of police had no power to issue the proceedings to seize its bank accounts.

 

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Location: Telangana




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