ED may summon Amazon, Flipkart executives as companies face heat in India
Amazon and Flipkart are facing increased pressure from regulators with the Enforcement Directorate (ED) planning to summon executives from both e-commerce giants for questioning into the alleged foreign direct investment (FDI) violations by them, a report by news agency Reuters has said.
The ED’s reported summon will follow raids conducted last week on several prominent sellers operating on Amazon and Flipkart platforms. The officials seized some documents during the raids, which concluded on Saturday, and they have substantiated the alleged FDI violations, the report added.