German watchdog launches Amazon investigation - report

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German watchdog launches Amazon investigation - report
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Germany's anti-trust authority has launched an investigation into Amazon's relationship with third-party traders selling on its site, its head was quoted as saying on Sunday.

BERLIN - Germany’s anti-trust authority has launched an investigation into Amazon’s relationship with third-party traders selling on its site, its head was quoted as saying on Sunday.

“We are currently investigating whether and how Amazon influences how traders set prices on the market-place,” Andreas Mundt, President of the Federal Cartel Office, told the Frankfurter Allgemeine Zeitung daily.During the first few months of the COVID-19 pandemic, when many stores were closed and shoppers flocked online, Mundt said there had been complaints that Amazon had blocked some traders because of allegedly overly high prices.

“Amazon selling partners set their own product prices in our store,” the spokeswoman said. “Our systems are designed to take action against price gouging,” she said, adding that those who had concerns should contact its support team for its merchants.

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