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India launches antitrust probe of Amazon and Walmart’s Flipkart
- Tuesday | 14th January, 2020
The Competition Commission of India (CCI) said it was ordering a wider probe following a review of allegations that Amazon and Flipkart were promoting some “preferred sellers” and in turn hurting business for other, smaller sellers. Flipkart is “fully compliant” with all laws and is currently reviewing the CCI order, Senior Vice President Rajneesh Kumar said. They alleged that several of Amazon and Flipkart’s preferred sellers were affiliated with, or controlled by, the companies themselves, either directly or indirectly. The CCI probe will be the latest setback for the U.S. companies that were last year hit with more stringent foreign investment rules. Indian brick-and-mortar traders allege Amazon and Flipkart violate the country’s foreign investment rules and burn billions of dollars to offer steep discounts that hurt smaller traders.
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