India's Antitrust Body Uses Reuters' Evidence In Amazon Probe: Reuters

India’s antitrust body shared a February Reuters report with the court over Amazon.Com Inc’s (NASDAQ: AMZN) alleged preferential treatment to a small group of sellers on its India platform, triggering a probe into the e-commerce company, Reuters reports.

• The Competition Commission of India (CCI) launched a probe into Amazon and Walmart Inc’s (NYSE: WMT) Flipkart last year following an alleged preferential treatment complaint from a trader group. The investigation was put on hold following a court challenge from the two companies.
• Last month, Reuters’ story based on internal Amazon documents dated between 2012 and 2019 alleged Amazon’s preferential treatment to a small seller group triggered India’s Enforcement Directorate inquiry into the company.
• 35 of Amazon’s over 400,000 Indian sellers in early 2019 accounted for roughly two-thirds of its online sales based on the report. The report also reflected Amazon’s nexus in expanding an indirectly owned seller Cloudtail on its platform.
• Amazon refuted the allegations.
• CCI might seek documents from the company for examination as per a representative.
• Price action: AMZN shares traded higher by 1.01% at $3,058.69 on the last check Friday.