In compliance with Indian laws, will cooperate with Enforcement Directorate on notice, says Flipkart

Walmart-owned Flipkart on Thursday said the company is in compliance with Indian laws, including FDI regulations, and will cooperate with the Enforcement Directorate on the notice sent to the e-commerce major. The Enforcement Directorate (ED) has issued a show cause notice of Rs 10,600 crore to Flipkart and its promoters for alleged violation of the foreign exchange law, official sources said on Thursday.

When contacted, Flipkart said it is in compliance with Indian laws and regulations, including FDI regulations.