India launches investigation on Amazon and Flipkart for breaching antitrust laws – Reuters
by
Contributor since / Followers
Contributor since / Followers
4 months ago
AntonioSolano
Amazon (NASDAQ:AMZN) and Walmart’s Flipkart came under scrutiny of the Indian antitrust regulators, who found the companies in violation of competition laws in the country, a Reuters report said on Thursday.
The e-commerce giants have been probed for giving preference to certain sellers on their websites, according to reports seen by Reuters.
The companies have previously been investigated by the Competition Commission of India in 2020 for allegedly promoting select sellers and prioritizing some specific listings with whom the companies had business arrangements.
The Reuters report said that in the 1027-page report on Amazon and a separate 1,696-page report on Flipkart dated Aug. 9, the two companies were found to have created an ecosystem where preferred sellers appeared higher in search results, keeping out other sellers.
Amazon, Walmart or Flipkart did not immediately respond to requests for comment from Seeking Alpha. The Competition Commission of India could not be reached outside of regular business hours.