They raided the offices of Vihn
, seized some USD 15 million in assets and arrested nine independent representatives and allegedly held them without charge for 17 days.
The relaunch will include a complete facelift with an integrated online presence that will include new features and an online marketplace." MLS operates Vihn
.net, an inventory and auction site for dozens of industries, "My Little Salesman Truck & Trailer Catalog," "My Little Salesman Heavy Equipment Catalog," Performance Horse magazine and two printing divisions.
Chanam said Vihn and Transview were not front companies of QNET, but actually independent entities.
- an FDI company and Vihn Direct Selling is an Indian company with Indian directors and shareholders.
Vihn was only a sub-franchisee of Transview, and was responsible for managing the networking business viz., product delivery, customer support, commissions' payment; network database management etc.
MLS - which stands for My Little Salesman, the name of the company's flagship publication - founded its own online sales arm, VIHN.net, in 1999.
VIHN is a network of Web sites where advertisers post details of equipment they have for sale.
The acquisition boosts VIHN's inventory of listed equipment to more than 23,000 items valued at more than $1.4 billion, VIHN said.