ED probes Amazon, Flipkart over ties with top sellers, alleges FEMA breach

The Enforcement Directorate (ED) has uncovered “direct links” between e-commerce giants Amazon and Flipkart and their preferred sellers, The Economic Times reported on Tuesday. The central probe agency is investigating alleged violations of foreign investment laws by the companies.

According to the report, the ED quizzed the “top” five sellers of both firms and found that many of these sellers are either former employees or relatives of former associates of Amazon and Flipkart.