India's financial crime agency has raided offices of some sellers operating Amazon and Walmart-owned Flipkart in an investigation into alleged violations of foreign investment rules, three government sources said on Thursday.

India's financial crime agency has raided offices of some sellers operating Amazon and Walmart-owned Flipkart in an investigation into alleged violations of foreign investment rules, two government sources said on Thursday.

The nationwide operation involves searches at various seller locations and subsidiaries of these e-commerce giants in Delhi, Mumbai, Hyderabad, and Bengaluru.

A probe has been initiated by the federal agency under the provisions of the Foreign Exchange Management Act (FEMA) after it received several complaints against the two large e-commerce companies wher

The Enforcement Directorate (ED) conducted nationwide raids on Amazon and Flipkart sellers, investigating potential foreign investment violations and alleged favouritism towards certain sellers.

The pan-India raid included searches at Amazon and Flipkart seller locations in Delhi, Mumbai, Hyderabad, and Bengaluru.

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