Nearly 24 such seller locations were being raided by the regulator in cities like Delhi, Mumbai, Hyderabad, and Bengaluru.
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The Enforcement Directorate (ED) is investigating Amazon and Flipkart for potential violations of foreign exchange regulations. The probe, stemming from complaints about unfair business practices, focuses on allegations that the e-commerce giants manipulate pricing and disadvantage smaller vendors. While searches were conducted at vendor locations, the ED hasn't targeted Amazon or Flipkart directly yet.
Nearly 24 such seller locations were being raided by the regulator in cities like Delhi, Mumbai, Hyderabad, and Bengaluru.
The ED conducted searches at more than half a dozen locations in Mangalore, Bengaluru, Mandya and Mysuru in the MUDA-linked money laundering case.
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The ED action comes after the Supreme Court denied joint excise commissioner’s request to quash the FIR.