Tag: Flipkart
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ED Raids Flipkart and Amazon Seller Offices Nationwide Over Alleged Foreign Investment Violations!
The Enforcement Directorate (ED), India’s financial crime department, has raided merchants connected to Flipkart, which is owned by Walmart and Amazon, on suspicion of breaking the nation’s foreign investment regulations. Searches at seller locations and Amazon and Flipkart subsidiaries in major cities including Delhi, Mumbai, Hyderabad, and Bengaluru were reportedly part of the pan-India operation.…