India to summon Amazon, Flipkart executives as regulatory scrutiny grows, source says By Reuters
By Nikunj Ohri and Aditya Kalra NEW DELHI (Reuters) – India’s financial crime agency will summon Flipkart and Amazon (NASDAQ:) executives as it steps up an investigation into alleged foreign investment law violations, days after raiding some of the e-commerce firms’ sellers, a senior government source said. The planned action signals growing regulatory scrutiny of Walmart-owned Flipkart and Amazon when their sales are rapidly growing in India’s $70 billion e-commerce