The ED conducted raids on 15-16 locations belonging to vendors of Amazon and Flipkart in relation with a FEMA probe.
The Enforcement Directorate on Thursday conducted searches against some sellers who do business on e-commerce giants like Amazon, Flipkart as part of a FEMA investigation, official sources said. The central agency conducted raids on at least 15 to 16 locations belonging to these vendors.
Antitrust investigations conducted by the Competition Commission of India have found that Amazon and Flipkart violated local competition laws by giving preference to select sellers, prioritising certain listings, and steeply discounting products, hurting other companies.
Multiple locations in Delhi, Gurugram (Haryana), Hyderabad (Telangana) and Bengaluru (Karnataka) were searched in relation with this probe, which is being conducted under the Foreign Exchange Management Act (FEMA).
