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ED To Summon Flipkart, Amazon Over FDI Rules Violations: Report

  • The Enforcement Directorate (ED) plans to summon executives of Flipkart and Amazon over alleged violations of FDI laws in the ecommerce sector.
  • ED conducted raids in Delhi NCR, Mumbai, Bengaluru, Gurugram, and Hyderabad based on alleged violations of FEMA by select sellers.
  • The investigation and raids substantiated the agency's probe into FDI violations.
  • Earlier, both Flipkart and Amazon were found guilty of violating competition laws by giving preference to select sellers.

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