Exclusive: India to expedite Amazon, Flipkart antitrust probe as tech focus intensifies -sources - News Summed Up

Exclusive: India to expedite Amazon, Flipkart antitrust probe as tech focus intensifies -sources


The Competition Commission of India (CCI) initiated a probe in January last year on the basis of a complaint alleging Amazon and Flipkart promoted select sellers on their e-commerce platforms and that deep discounts stifled competition. Amazon declined to comment. PREFERENTIAL TREATMENTThe probe into Amazon and Flipkart is restarting at a time when both are battling accusations from offline retailers that their complex business structures allow them to circumvent foreign investment rules for e-commerce. While arguing to restart the probe, the CCI told a court in Karnataka state that the Reuters report corroborated evidence https://www.reuters.com/article/us-amazon-com-india-idUSKBN2BB1UF. The antitrust body will examine the Reuters report and could use it as part of its investigation, one of the people said.


Source: The Star June 15, 2021 07:18 UTC



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