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Market Chatter: India's Competition Body Seeks to Expedite Amazon, Flipkart Antitrust Probe
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Market Chatter: India's Competition Body Seeks to Expedite Amazon, Flipkart Antitrust Probe
Dec 9, 2024 4:46 AM

07:20 AM EST, 12/09/2024 (MT Newswires) -- India's Competition Commission has asked the Supreme Court to hear 23 lawsuits challenging the investigation into alleged antitrust violations by e-commerce companies Amazon.com ( AMZN ) and Walmart ( WMT )-owned (WMT) Flipkart, Reuters reported Monday, citing a Dec. 3 filing.

The legal challenges filed at Indian high courts by Samsung, Vivo, and vendors on Amazon ( AMZN ) and Flipkart's platforms aim to "debilitate and scuttle" its probe, the commission said, according to the report.

The investigation, initiated in 2020, concluded in August that Amazon ( AMZN ) and Flipkart breached antitrust laws by favoring select sellers and collaborating with smartphone makers like Samsung and Vivo to exclusively launch products online.

Amazon ( AMZN ), Flipkart, and the Competition Commission of India did not immediately respond to requests for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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