Crackdown on Amazon and Flipkart vendors, ED conducts raids on 16 locations

The Enforcement Directorate on Thursday (November 7, 2024) conducted searches against some sellers who do business on e-commerce giants like Amazon, Flipkart as part of a Foreign Exchange Management Act (FEMA) investigation, official sources said.

Multiple locations in Delhi, Gurugram (Haryana), Hyderabad (Telangana) and Bengaluru (Karnataka) are being searched, the sources said.

They said the action is related to the financial transactions being done by some of the “preferred” vendors and sellers who do business through Amazon and Flipkart like e-commerce platforms.