Investigation
ED raids Flipkart Sellers: Who are they? Here’s their story
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Synopsis
A centrally remote-controlled network of 30 firms across the country accounts for a bulk of Flipkart’s turnover. The e-commerce giant says its model is transparent and fully compliant with India’s FDI policy and regulatory framework.
The Enforcement Directorate has raided some of the preferred sellers of Ecommerce giants Flipkart and Amazon. It has also been reported that it has unearthed some links between them and the companies putting them in trouble with country's forex and Foreign direct investments legal framework. the ED raids come weeks after a CCI investigation that also found violations in the way these items operate. Three years back, ET Prime had done a detailed
( Originally published on May 18, 2021 )
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