An Indian antitrust probe found Amazon and Flipkart violated competition laws by favoring select sellers, according to reports seen by Reuters.
An India n antitrust investigation has found U.S. e-commerce giant Amazon and Walmart's Flipkart violated local competition laws by giving preference to select sellers on their shopping websites, according to reports seen by Reuters .
In a 1027-page report on Amazon and a separate 1,696-page report on Flipkart, both dated Aug. 9, the CCI investigators said the two companies were found to have created an ecosystem where preferred sellers appeared higher in search results, elbowing out other sellers. The two companies will now review the report and file any objections before CCI staff decide on any potential fines.The investigation's findings are the latest setback for Amazon and Flipkart in a country where they continue to face criticism for their business practices from smaller retailers, who say their businesses have suffered in recent years due to deep discounts offered online.
In the United States, the Federal Trade Commission has sued Amazon alleging the company uses "anticompetitive and unfair strategies to illegally maintain its monopoly power". Amazon has said that the FTC lawsuit is wrongheaded and would hurt consumers by leading to higher prices and slower deliveries.
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