HC spikes PIL for probe into alleged FDI violations by Flipkart and Amazon

BENGALURU: The Delhi High Court on Monday disposed a public interest litigation (PIL) which sought a probe into violations of India’s foreign direct investment (FDI) norms by ecommerce giants Flipkart and Amazon.

A bench headed by Chief Justice Rajendra Menon passed the order after the Enforcement Directorate (ED) told the court that an investigation under provisions of Foreign Exchange Management Act (FEMA) against the two companies is already pending with it.

The petition, filed by NGO Telecom Watchdog, had also asked for initiation of legal proceedings against Flipkart and Amazon under FEMA for allegedly violating the FDI norms prescribed in a March 2016 press note.