ED probes Amazon, Flipkart's vendor ties for FDI violation: Report
Enforcement Directorate (ED) is investigating the ties between Flipkart and Amazon, and their vendors for alleged violations of foreign direct investment (FDI) norms, Economic Times reported. The investigation aims to find out whether the firms were controlling their suppliers, the report added. Earlier, ED reportedly raided Flipkart, Amazon sellers nationwide for alleged money laundering.