Indian authorities investigate Amazon and Flipkart for potential foreign investment rule violations.

The Enforcement Directorate (ED) in India is investigating Amazon and Flipkart to determine if their relationships with vendors violated foreign direct investment (FDI) norms. The probe, which began in 2019, aims to establish if the e-commerce giants exercised control over vendors, which is prohibited. Both companies deny wrongdoing and have stated that they have provided explanations to the authorities.

November 18, 2024
11 Articles