Amazon Launches Probe On Bribery Allegations In India - Amazon.com (NASDAQ:AMZN)

Amazon.com Inc AMZN Amazon is probing if its legal representatives in India helped bribe government officials, TechCrunch reports as per the Morning Context reports.
The investigation follows a whistleblower's complaint, citing unnamed sources and not identifying the government officials.
Amazon stressed its zero tolerance for corruption and assured thorough investigation on every allegation, Bloomberg reports. It has placed senior corporate counsel Rahul Sundaram on leave.
India is a significant market for Amazon as it has invested over $6.5 billion in its Indian operations. However, it has also caught the ire of the Indian regulators from time to time.
Indian regulatory watchdog has previously accused Amazon of favoring big sellers and circumventing India's foreign investment rules.
Price Action: AMZN shares traded lower by 3% at $3,358.81 in the market session on the last check Monday.