New law to curb unscrupulous practices through the pyramid scheme

  • Business
  • Thursday, 19 Jul 2007

KUALA LUMPUR: A new law will be formulated to curb unscrupulous practices through the pyramid scheme in the direct-selling business, Domestic Trade and Consumer Affairs Minister Datuk Mohd Shafie Apdal said Thursday. 

He said provisions on the new law would be included in the Direct Selling Act 1993. 

Shafie said the ministry’s legal advisor was looking into the matter as well as having discussions with the Attorney-General’s office to ensure the new law would encompass all necessary aspects. 

“I am optimistic that the move will protect direct-selling activities which are carried out legally in the country,” he told reporters after opening the 2007 Direct Selling Conference here.

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