Corporate Affairs Minister Sachin Pilot on Wednesday said the government will remove as early as possible the ambiguities in laws aimed at tackling fraudulent investment schemes.
Pilot's comments come against the backdrop of global direct selling firm Amway's India Chairman William S Pinckney and two company Directors being arrested by the Kerala police over allegations of fraud.
"We (Corporate Affairs Ministry) will work closely with concerned ministries and industries to remove the ambiguity in the law (related to tackling ponzi and other fraudulent schemes) as soon as possible," Pilot told the news agency.
Commenting on the Amway incident, he said that it "is disappointing that such an eventuality came about."