India investigates Amazon and Flipkart for potential violations of foreign investment laws.

India's financial crime agency plans to summon Amazon and Flipkart executives to investigate alleged violations of foreign investment laws. This follows raids on the companies' sellers and a previous antitrust finding that both favored certain sellers. The investigation also involves analyzing five years of business data, as Indian laws prohibit foreign e-commerce firms from controlling inventory, restricting them to marketplace operations.

November 11, 2024
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