ED raid Amazon Seller, ED Raid Flipkart Seller, ED Raid Amazon Reason, ED Raid Flipkart Reason: The Enforcement Directorate (ED) on Thursday carried out multiple pan India on sellers linked E-Commerce platforms including Amazon and Flipkart. ED raid Amazon Seller or ED Raid Flipkart Seller raised many eyebrows on social media and netizens started to why the Central Agency is taking action against sellers linked to E-Commerce platforms. As per IANS, ED raided nearly 24 locations in all over India. Below is ED Raid Amazon Reason, ED Raid Flipkart Reason-
Why did ED Raid Amazon & Flipkart sellers?
ED has taken action under the Foreign Exchange Regulation Act. Hindustan quoted official sources saying that the agency has taken this action after the investigation of the Competition Authority of India. CCI had found in its action that both the companies had violated the local competition rules and had wrongly given permission to the sellers to use the platform.
The CCI found in its investigation that these companies have violated the rules by giving discounts to such sellers. These sellers gave large-scale discounts and violated many rules. This caused damage to other companies. A newswire stated that an investigation is being done on some sellers who used Amazon and Flipkart. There they gave discounts in violation of the rules. Agencies are keeping an eye on the financial transactions of these sellers. According to the information received so far, raids have been conducted in different cities of Delhi-NCR, Gurugram, Hyderabad, Bengaluru, etc.
This investigation is being done under the Forex Exchange Management Act i.e. FEMA. ED is investigating from this angle whether those sellers, who are accused of misusing Flipkart and Amazon, have done any illegal financial transactions. Most of these sellers have been accused of doing illegal financial activities. At present, there has been no statement from ED or any other government agency in this matter. Apart from this, Amazon and Flipkart have also not issued any statement on this.