Monday, April 12, 2021

Amazon‌ violates Indian laws!

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Prime Time Zone, Webdesk: Leading e-commerce company Amazon is in trouble. It appears that the Enforcement Directorate (ED) is facing an investigation into allegations of violating Indian laws. Leading news agency Reuters recently reported that 33 percent of Amazon’s sellers are Amazon sellers. Also, two other big companies with indirect investments in Amazon have a 33 percent share of sales in Amazon in 2019. That is, the first 33 people have a 33 percent stake, while the two companies with indirect investment in Amazon have a 38 percent share. This means that two-thirds of the total share is held by Amazon shareholders. While one-third of the total 4 lakh traders make sales, only two-thirds of these 35 people make sales. Amazon kept the matter a secret from the public. Outside, it announced that it had created business opportunities for a total of 4 lakh people.

Amazon has tried the scam in the wake of India being the fastest growing market in the world. The campaign shows that millions of merchants have been given opportunities through Amazon, and in fact the majority of businesses have been handed over to big companies, the article said. However, Amazon, which responded to the article, denied the allegations. Explained that they respect Indian laws.

Ban Amazon: CIIT

However, the All India Federation of Traders (CIIT) has asked the government to ban the company’s local operations in the wake of allegations against Amazon India. CIIT, which represents 8 crore retail stores in India, said in a statement that the fraud by Amazon was enough to ban its operations in India. In view of this, it has asked Commerce Minister Piyush Goel to order a ban on the company’s activities. However, Amazon, which did not respond to the CIIT statement, retweeted the Reuters article, criticizing it as baseless, incomplete and untrue. Amazon has revealed that the company is subject to Indian laws.

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