CCI Finds Flipkart & Amazon India Guilty Of Flouting Antitrust Rules

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SUMMARY

The competition watchdog found that both Amazon India and Flipkart flouted antitrust guidelines by giving preference to select sellers on their platforms

Both Amazon and Flipkart will now have time to review the report and file any objections before the CCI decides on the quantum of fines against them

In 2020, the CCI ordered a probe into Amazon India and Flipkart for allegedly prioritising certain listings and promoting certain sellers with which they had business arrangements

The Competition Commission of India (CCI) has reportedly found ecommerce giants Amazon and Walmart-backed Flipkart guilty of violating competition laws. 

As per two separate internal antitrust reports seen by Reuters, the competition watchdog found that both Amazon India and Flipkart flouted antitrust guidelines by giving preference to select sellers on their platforms. 

“Each of the anti-competitive practices alleged … were investigated and found to be true… Ordinary sellers remained as mere database entries,” read identical conclusions in both the reports.

While the two companies have previously denied any wrongdoings, both Amazon and Flipkart will now have time to review the report and file any objections before the CCI decides on the potential fines against them. 

The case pertains to 2020, when the CCI ordered a probe into Amazon and Flipkart for allegedly prioritising certain listings and promoting certain sellers with which the two companies had business arrangements. 

(The story will be updated soon.)





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CCI Finds Flipkart & Amazon India Guilty Of Flouting Antitrust Rules


SUMMARY

The competition watchdog found that both Amazon India and Flipkart flouted antitrust guidelines by giving preference to select sellers on their platforms

Both Amazon and Flipkart will now have time to review the report and file any objections before the CCI decides on the quantum of fines against them

In 2020, the CCI ordered a probe into Amazon India and Flipkart for allegedly prioritising certain listings and promoting certain sellers with which they had business arrangements

The Competition Commission of India (CCI) has reportedly found ecommerce giants Amazon and Walmart-backed Flipkart guilty of violating competition laws. 

As per two separate internal antitrust reports seen by Reuters, the competition watchdog found that both Amazon India and Flipkart flouted antitrust guidelines by giving preference to select sellers on their platforms. 

“Each of the anti-competitive practices alleged … were investigated and found to be true… Ordinary sellers remained as mere database entries,” read identical conclusions in both the reports.

While the two companies have previously denied any wrongdoings, both Amazon and Flipkart will now have time to review the report and file any objections before the CCI decides on the potential fines against them. 

The case pertains to 2020, when the CCI ordered a probe into Amazon and Flipkart for allegedly prioritising certain listings and promoting certain sellers with which the two companies had business arrangements. 

(The story will be updated soon.)





Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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