Enforcement Directorate reviews complaints against Flipkart's Big Billion Day
ED officials have said that there was no evidence against Flipkart and they have received complaints which are being looked into, as per reports
Following Flipkart’s Big Billion Day Sale, media reports were buzzing with the news of the Enforcement Directorate issuing a show cause notice to the e-commerce giant on grounds that it violated retail laws during the Oct 6 sale. Some reports also claimed that the Directorate was likely to impose a penalty of Rs 1000 crore.
However, reports also said that ED officials quoted to journalists that there was no proof against Flipkart and that they have received complaints that are being looked into.
Commerce and Industry Minister Nirmala Sitharaman was quoted saying, “We have received many inputs. Lot of concern has been expressed. We will look into it.”
Meanwhile, Flipkart also reportedly issued a statement saying it was compliant with all laws and none were broken.
ET’s Rohini Singh tweeted:
“Top ED officials deny investigating Flipkart's billion dollar sale. Say no notice has been issued to the company on it as is being reported .”
Rohini Singh also tweeted:
“There is already an ongoing ED probe into alleged FEMA violation by Flipkart but NO NEW investigation into the billion dollar sale, says ED”
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