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Updated: Enforcement Directorate To Probe Flipkart For Alleged FDI Norms Violation

Update: Our sources within Flipkart say that no such raid has taken place. We've written to Flipkart for an official statement. Update: The Enforcement Directorate had raided Flipkart offices on November 30, to investigate alleged violation of FDI regulations, reports Businessworld. Citing an an independent source who confirmed the raid, the report states that the Enforcement Directorate had confiscated several important documents and computer hard drives and submitted it to the cyber forensic department for investigation. In a statement to the publication, Flipkart has however stated that it is co-operating with the authorities and doesn't comment on the specific developments. The company also reiterated that it is in complete compliance with the laws of the land. The report also mentions that Flipkart had changed its management and company holding structure in September 2012. It had appointed two new directors - Sujeet Kumar, who is currently serving as…

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