Amazon investigating allegations of bribery from statutory agents to Indian government officials: Report

Texas News Today

2021 is turning out to be a tough year for the tech giant as governments grow more and more tired of monopolies. Perhaps the biggest name in the tech industry, Amazon is currently facing a CCI investigation on suspicion of violating Indian law. However, the e-commerce giant’s issue in India seems to be over, as Amazon has opened an investigation into the behavior of legal agents in the world’s second-largest internet market.

India is one of the major markets of Amazon. In fact, the company has invested more than $6.5 billion in India and the new Amazon CEO Andy Jesse is targeting India’s growth. In India, Amazon competes with the retail websites of Mukesh Ambani, including Walmart’s Flipkart and Jio Mart. With over 100,000 employees across India, it promises to digitize 10 million SMEs, enable $10 billion in exports and create 2 million jobs in the country by 2025. .. Amazon faces many challenges in pursuing its goals and the latest developments. Following a whistleblower complaint alleging that one or more legal representatives of the company had bribed government officials.

It was disclosed in report good According to a media site The Morning Context two years ago.

For now, Amazon has sent senior lawyer Rahul Sundaram on leave to investigate whether Amazon-funded attorney’s fees were used to bribe government officials.

despite being amazon accused By bypassing and violating Indian law, using anti-competitive practices, prioritizing certain sellers over other vendors, and predatory pricing, the company makes its stand clear on the issue. Down. “We take allegations of unfair treatment seriously, investigate them thoroughly and take appropriate action. Amazon spokespersons have not yet commented on any specific allegations or the status of the investigation. He said that he has ‘zero tolerance’ against corruption.

It is not yet clear what the allegation means for Amazon. Amazon considers India as one of the largest markets due to its huge population and the cheapest data rates in the world. Nonetheless, this does not bode well for the e-commerce giants, especially if it is already under CCI research and has just resurfaced from larger companies. court struggle With Reliance and Future Group.

Amazon investigating allegations of bribery from statutory agents to Indian government officials: Report

source link Amazon investigating allegations of bribery from statutory agents to Indian government officials: Report

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