On Monday, the 13th of January 2020, the Competition Commission of India (CCI) had ordered a sweeping probe on marketing practices of US-based world’s No. 1 online retailer Amazon.com Inc. alongside the world’s largest brick-and-mortar retailer, Walmart Inc.
over accusations that the multinational retailers had been allegedly violating the Asian country’s competition law, remarking the latest in a string of legal setbacks for e-commerce mammoths operating in the country.
Besides, according to CCI’s (Competition Commission of India) Monday’s (January 13th) statement, the Indian anti-trust watchdog had ordered a broad-based investigation following a review of a raft of allegations which alleged the US retailers were promoting some “preferred sellers,” leaving smaller sellers in dire straits.
Meanwhile, following reveal of Monday’s (January 13th) CCI statement, Walmart Inc. owned Flipkart’s Senior Vice President Rajneesh Kumar was quoted saying the company was “fully compliant” with all Indian anti-trust laws and was reviewing the CCI order.
More importantly, latest announcement of a broad-based probe on Amazon.com Inc. alongside Walmart Inc. came forth a couple of days before the Amazon boss, Jeff Bezos, currently the richest man across the globe, was expected to visit India and to meet some top-ranked Indian officials and politicians including the Indian PM Narendra Modi of Bhartiya Janata party.