India to summon Amazon, Flipkart executives as regulatory scrutiny grows, source says

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India to summon Amazon, Flipkart executives as regulatory scrutiny grows, source says - Channel News Asia

Quick Summary:

NEW DELHI : India's financial crime agency will summon Flipkart and Amazon 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.

An Indian antitrust investigation also found the two companies breached laws by favouring select sellers, Reuters has reported.

Indian laws prohibit foreign e-commerce players from holding inventory of goods they can sell on their website, forcing them to only operate a marketplace of sellers.