Breking : The E Comers Website Amazon in trouble, Enforcement Directorate (ED) will investigate the findings of the world's largest e-commerce company, Amazon

 Amazon, Chief Jeff Bezos ,Owned company used various strategies to To take control India's e-commerce regulations.ED investigate the findings 

                            

Amazon,Jeff Bezos ,Owned company used various strategies to To take control India's e-commerce regulations.

The Enforcement Directorate (ED) will investigate the findings of the world's largest e-commerce company, Amazon, that the Jeff Bezos ,Owned company used various strategies to To take control India's e-commerce regulations.

 A recent in Report published by Reuters said Amazon had given preferential treatment to a small portion of sellers on its Indian platform. "Two other sellers on the e-commerce giant's Indian platform - retailers in which Amazon has an indirect stake - accounted for around 35% of the platform's sales in early 2019." The report had said.

The revelations were reportedly based on internal ones Ecommerce firm documents dated 2012 and 2019. They include draft meeting notes, Power Point slides, annual reports and emails.

 "We are going to investigate the findings of The Story," said a senior enforcement officer on the matter. The official added that the matter was "not entirely new" to us .

The report released earlier this week said that two-thirds of all online sales in India through the  Amazon website had been reduced to just 35 sellers. The company has used these vendors to evade the country's FDI regulations. That report added that the e-trading giant adjusted its corporate structure accordingly, playing a cat-and-mouse game with the Indian government every time the Modi government imposed new  restrictions to bail out small businesses. 

However, in a series of tweets on Wednesday, the e-commerce giant had criticized the report as "unsubstantiated, incomplete, factually incorrect"."In last several years, there have been (a) number of changes in regulations; Amazon has on each occasion taken rapid action to ensure compliance," the company had said.

 

The company, owned by the world's richest man, is already under investigation by the Enforcement Directorate for possible violation of foreign investment rules.