Thien Ngoc Minh Uy's operating license was revoked.
The management agency decided to revoke the license of Thien Ngoc Minh Uy after a series of violations that this enterprise committed in multi-level marketing business.
» [Infographics]- List of 6 Thien Ngoc Minh Uy Multi-level addresses in Nghe An
» More than 2000 Nghe An people participate in Thien Ngoc Minh Uy multi-level marketing
» Selling multi-level house Thien Ngoc Minh Uy
» I almost lost everything because of Thien Ngoc Minh Uy…
On the morning of April 25, the leader of the Competition Management Department (Ministry of Industry and Trade) said that due to violations in multi-level marketing activities, the management agency has proposed to revoke the multi-level marketing registration certificate of Thien Ngoc Minh Uy Company, on the basis of proactively requesting to terminate the operation of this enterprise.
The decision to revoke this license will be officially announced by the Ministry of Industry and Trade this morning (April 25).
 |
Thien Ngoc Minh Uy was proposed to have its operating license revoked. |
| Regarding Thien Ngoc Minh Uy's activities in Nghe An, in recent times, Nghe An Newspaper has had a series of articles.exposing the wrongdoings of Thien Ngoc Minh Uy in Nghe An.In Nghe An, the network of Thien Ngoc Minh Uy company has developed quite strongly. According to statistics of Nghe An Department of Industry and Trade, in 2015, the revenue of "multi-level sales" of Thien Ngoc Minh Uy in Nghe An was 26,927 billion VND, of which the first 6 months of the year was 11,402 billion VND, the last 6 months of the year was 15,525 billion VND. The number of people “participating in multi-level marketing” Thien Ngoc Minh Uy in Nghe An is 2,184 people; of which, in the first 6 months of the year, there were 1,049 people, in the last 6 months of the year, there were 1,135 people. The total commissions, bonuses and other economic benefits that Thien Ngoc Minh Uy multi-level marketing paid to participants in Nghe An was over 8,351 billion VND. |
Along with revoking the license, this agency fined Thien Ngoc Minh Uy more than 210 million VND for the following acts:The multi-level marketing contract with the participant does not include all the basic contents as prescribed by law...
Thien Ngoc Minh Uy also did not fully perform its obligation to provide basic training on multi-level marketing to multi-level marketing participants as prescribed by law. This enterprise alsomaintain more than one multi-level marketing business code for the same multi-level marketing participant;Trading in goods with labels that do not contain the required information according to the nature of the goods.
In addition, according to reports from the Departments of Industry and Trade, in 2016, Thien Ngoc Minh Uy Company, its agents and multi-level marketing participants committed 80 violations of 13 acts specified in Decree 42 and related laws in 34 provinces and centrally run cities, and were fined a total of more than 1.5 billion VND.
Previously in January, in an investigation report, the Competition Management Department pointed out 8 violations of Thien Ngoc Minh Uy Company Limited. All 8 violations mentioned in the inspection conclusion, the Competition Management Department said were violations of Decree 42 on multi-level marketing management. For example, some functional food products had original labels that did not match the original labels registered with the Food Safety Department (Ministry of Health). The company showed signs of violating regulations on product labeling and circulating unqualified goods on the market.Thien Ngoc Minh Uy began being inspected at the end of March last year after a series of "denunciations" from customers participating in this business network.
This company has not yet provided basic training, issued training certificates and issued multi-level marketing network membership cards as prescribed for all active distributors. The inspection team discovered a case where a distributor was not on the company's basic training list for multi-level marketing but was still issued a basic training certificate for multi-level marketing...
Regarding the violations of this notorious multi-level marketing enterprise, the Competition Management Department then transferred the investigation file to C46 (Ministry of Public Security). Whether or not to prosecute criminally will be investigated and decided by C46.
Previously, Thien Ngoc Minh Uy was also fined many times for violations in multi-level marketing, most recently t...In December 2015, this company was also fined 170 million VND for trading in smuggled goods without documents proving legal origin.
According to VnExpress.net
| RELATED NEWS |
|---|
