India to summon Amazon, Flipkart executives as regulatory scrutiny grows, source says
NEW DELHI, Nov 11 (Reuters) – India’s financial crime agency will summon Flipkart and Amazon, opens new tab executives as it steps up an investigation into alleged foreign investment law violations, days after raiding some of the e-commerce firms’ sellers, a senior government source said. The planned action signals growing regulatory scrutiny of Walmart-owned, opens new tab Flipkart and Amazon when their sales are rapidly growing in India’s $70 billion e-commerce market. An Indian antitrust investigation also found the two companies breached laws by favouring select sellers, Reuters has reported. Amazon and Flipkart have maintained they comply with Indian laws,