ED Raids Amazon and Flipkart Vendors Amidst FDI Rule Breach Allegations
The Enforcement Directorate is conducting searches at 19 locations linked to Amazon and Flipkart vendors across major Indian cities. The operation follows complaints suggesting the firms are violating Foreign Direct Investment rules by manipulating sale prices and unfairly disadvantaging vendors.
Enforcement Directorate Conducts Nationwide Raids on Amazon and Flipkart vendors for FEMA Violations
The Enforcement Directorate has launched nationwide raids on Amazon and Flipkart, investigating alleged violations of the Foreign Exchange Management Act.
ED raids some sellers on Amazon and Flipkart over FEMA violations
The Enforcement Directorate (ED) is investigating prominent vendors on Amazon and Flipkart for potential violations of foreign investment rules. The ED searched several locations across India, examining documents related to allegations of unfair trade practices.
ED conducts searches on Amazon, Flipkart sellers in FEMA probe
Competition Commission of India’s (CCI) antitrust investigations. Certain irregularities have been found in their inventories and books and the same is being studied,” said a government source.
ED raids 19 places over alleged FEMA violations by Amazon, Flipkart
The Enforcement Directorate (ED) on Thursday conducted searches under the Foreign Exchange Management Act (FEMA) at 19 premises of main vendors of e-commerce giants Amazon and Flipkart across multiple cities,
Enforcement Directorate raids Amazon, Flipkart sellers amid foreign investment law probe
The Enforcement Directorate has raided sellers on Amazon and Flipkart for allegedly breaching foreign investment laws. This adds to the challenges faced by these e-commerce giants in India.
ED raids offices of sellers using Amazon, Flipkart platforms in FEMA probe
ED raids Amazon and Flipkart offices in New Delhi, Mumbai, and Bengaluru for alleged foreign exchange law violations.
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