New Delhi: India’s antitrust body has ordered an investigation into alleged competition law violations by Amazon.com Inc and Walmart’s Flipkart, it said in an order on Monday. The development comes ahead of Amazon’s founder Jeff Bezos’ visit to India later this week.
The Competition Commission of India (CCI) said that exclusive arrangements between mobile phone brands and e-commerce platforms, as well as allegations of e-commerce companies giving preferential treatment to certain sellers “merits an investigation”.
The investigation is the latest setback for Amazon and Walmart’s Flipkart, which Indian brick-and-mortar traders allege violate the country’s foreign investment rules.
Both the companies deny those allegations.
CCI has asked the Director General to investigate the alleged predatory practices of Amazon and Flipkart after being approached by the Delhi Vyapar Mahasangh. The DG has 60 days to submit the report.
This story has been published from a wire agency feed without modifications to the text. Only the headline has been changed.
Source: Livemint
