India's Enforcement Directorate (ED) on Thursday (Nov 7) launched a crackdown on the vendors operating on e-commerce giants like Amazon and Flipkart as part of a Foreign Exchange Management Act (FEMA) investigation, according to media reports citing official sources. 

The ED conducted raids on at least 15 to 16 locations belonging to these vendors, the sources told Hindustan Times.

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Noida

Uttar Pradesh

India

Enforcement Directorate raids pan-India offices of E-commerce giants Amazon, Flipkart

Amazon and Flipkart have for years faced allegations from Indian brick-and-mortar retailers that they violate foreign investment rules by working with select preferred sellers

Media Bias/Fact Check

The Hindu

The Hindu Group

ED raids offices of sellers using Amazon, Flipkart platforms in FEMA probe

An official said ED decided to initiate its investigation under the provisions of the Foreign Exchange Management Act based on complaints that the e-commerce platforms are violating India’s FDI rules by directly or indirectly influencing the sale price of goods or services and not providing a level playing field to vendors.

Indian Express

Viveck Goenka

ED raids 19 locations linked to vendors selling on Amazon, Flipkart

Invesco

The Enforcement Directorate (ED) raided multiple sellers linked to Amazon and Flipkart across India for alleged money laundering activities. The raids are part of an ongoing investigation into potential violations of Foreign Exchange Management Act (FEMA) regulations.

Mathrubhumi

M. P. Veerendra Kumar

Kerala

ED raids Amazon, Flipkart sellers for money laundering

The Enforcement Directorate on Thursday conducted raids against some of the "main vendors" operating on e-commerce platforms like Amazon and Flipkart as part of a foreign investment "violation" investigation, official sources said. ED raided a total of 19 premises of these "preferred" vendors located in Delhi, Gurugram, Hyderabad (Telangana) Panchkula (Haryana), and Bengaluru (Karnataka) as part of the action, they added. Probe under FEMA The so…

India TV News

Rajat Sharma

ED raids Amazon, Flipkart sellers in foreign investment law violation investigation

The Enforcement Direcorate has launched a probe against at least a dozen of prominent vendors of e-commerce giants—-Amazon and Flipkart for allegedly violating forex rules, a senior ED official told NDTV Profit.The federal agency is examining certain transactions done by some prominent vendors of the e-commerce giants, particularly during the festive sales, the official said.ED on Thursday has conducted extensive searches at sellers of Amazon, F…

NDTV Profit

ED Launches Probe Into Forex Violation By Amazon, Filpkart Vendors

India's financial crime agency has raided offices of some sellers operating Amazon and Walmart-owned Flipkart in an investigation into alleged violations of foreign investment rules, two government sources said on Thursday.The searches come weeks after Reuters reported India's antitrust body had found the two companies and their sellers violated competition laws by giving preference to select sellers on their platforms. Both companies have maint…

NDTV Gadgets 360

Gautam Adani

ED Said to Have Raided Offices of Sellers on Amazon, Flipkart

The Enforcement Directorate (ED) on Thursday conducted raids on multiple sellers across the country -- linked to e-commerce platforms including Amazon and Flipkart -- over alleged money laundering activities.

The Munsif Daily

ED conducts raids on multiple sellers linked to e-com players including Amazon, Flipkart

The searches come weeks after Reuters reported India's antitrust body had found the two companies and their sellers violated competition laws

Zawya

India raids offices of sellers using Amazon, Flipkart platforms, sources say

New Delhi: 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. Multiple locations in Delhi, Gurugram (Haryana), Hyderabad (Telangana) and Bengaluru (Karnataka) are being searched, the sources said. They said the action is related to the financial transactions being done by some of the "preferred" vendors …

Enforcement Directorate raids pan-India offices of E-commerce giants Amazon, Flipkart

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