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Why did ED send notice to Flipkart warning of a $1.35 billion fine and will Amazon receive similar notice as well?

The ED notice comes at a time when the CCI is conducting its own investigation into Amazon and Flipkart while the government proposes regulatory changes to address the alleged practices.  We missed this earlier: India's Enforcement Directorate (ED) had sent a notice to Flipkart and its founders in July asking them to explain why they should not face a ₹10,000 crore ($1.35 billion) fine for alleged violation of foreign investment rules, Reuters reported on August 5. While retailer bodies have frequently accused Amazon and Flipkart of violating Foreign Direct Investment (FDI) regulations, the ED notice is one of the few instances where a law enforcement agency has made the same accusation and is willing to reprimand the company for it. What was the ED notice regarding? Violations concerning WS Retail: Flipkart and Amazon have been under an ED investigation for years…

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