ED Raids Amazon, Flipkart Vendors Amid Foreign Exchange Probe

The Enforcement Directorate's investigation targets alleged violations of foreign investment rules by e-commerce sellers across India.

The Enforcement Directorate has launched a pan-India search operation against vendors on Amazon and Flipkart platforms.
The raids are conducted under the Foreign Exchange Management Act (FEMA), focusing on alleged violations of foreign exchange regulations.
Investigations follow complaints that Amazon and Flipkart influence sale prices, violating Foreign Direct Investment (FDI) rules.
Searches are taking place at 19 locations in major cities like Delhi, Bengaluru, and Mumbai.
India's antitrust body previously found that Amazon and Flipkart prioritized certain sellers, affecting market competition.