The Supreme People’s Procuracy has arrested and commenced criminal proceedings against eight heads of the Thăng Long multi-level marketing company for alleged fraudulent appropriation of assets.

The People’s Supreme Procuracy transferred the Liên Kết Việt multi-level marketing scam case to the Hà Nội People’s Court on Monday.

New weight loss products have flooded the market, with companies aiming to take advantage of peoples’ desire to have a slim body without the need for strict diets or strenuous exercise.

Vietnamese have avoided multi-level marketing as though it were the plague, and for fair reason.

The Hà Nội investigative police arrested and commenced  criminal proceedings against four heads of the Thăng Long multilevel marketing company on Wednesday for alleged fraudulent appropriation of assets.

Lawmakers spent a lot of time debating the age of responsibility for various crimes, including deliberately injuring people, rape and kidnapping when discussing amendments to the 2015 Penal Code at the ongoing third session of the 14th National Assembly (NA) yesterday.

Seven members of the multi-level marketing firm Liên Kết Việt have been indicted by the Hà Nội investigave police division for alleged fraudulent appropriation of assets.

Việt Nam’s Competition Authority has revoked the licences of 14 multi-level marketing firms and forced 11 others to halt business until November, Viet Nam News Agency reported.

The Vietnam Competition Authority (VCA) has decided to fine a multi-level marketing company a quarter of a million dollars for multiple operational infractions.

Việt Nam’s Competition Authority has revoked the licence of multi-level marketing firm Việt Nam Consumer Alliance Joint-Stock Company (VietNet JSC) and slapped it with a fine of VNĐ409.5 million (US$18,350).