India Seeks Amazon, Flipkart Financials for Potential Penalty, Mint Says
A Flipkart fulfilment centre in Malur, Karnataka state.
Photographer: Abhishek Chinnappa/Getty Images
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The Competition Commission of India asked Amazon Seller Services and Flipkart Internet to share financial statements to determine a potential penalty in an ongoing antitrust case, Mint reported, citing two people aware of the development.
The penalty in the case, which has been running for four years, will depend on the outcome of the regulatory hearing. The CCI can impose a charge of as much as 10% of global turnover.