Amazon.com Inc insisted that it has zero tolerance for corruption and will thoroughly investigate all allegations of corruption, responding to a report by an Indian news outlet that US e-commerce giant An internal investigation has been launched into the bribery allegations.
Following the report, the US company began an investigation into the conduct of its legal representatives in India. heroine The report did not address specifics, but issued the statement after Bloomberg contacted a local spokesperson for comment.
“We have zero tolerance for corruption,” Amazon said in its email response. “We take allegations of unfair practices seriously, investigate them thoroughly and take appropriate action. We are not commenting on the specific allegations or the status of any investigation at this time.”
The report said a whistleblower within Amazon flagged issues of alleged bribery at its Indian operations, prompting the company to launch its own investigation. The news outlet reported that Amazon is investigating allegations that legal fees paid by the company were used as bribes. The report said the company has placed a senior employee on leave, citing two individuals who work with Amazon’s in-house legal team.
Amazon’s new chief executive officer, Andy Jassi, is targeting India for growth, even as challenges continue to mount in the most important market for the online retailer to expand. The company is up against retail websites including Walmart-backed Flipkart as well as billionaire Mukesh Ambani’s JioMart, all seeking a bigger slice of a potential market that tops a billion consumers. Amazon, which employs more than 100,000 across India, has promised to digitize 10 million small businesses, enable $10 billion in exports and create two million jobs in the country by 2025.
Last month, India’s Supreme Court allowed an antitrust probe against Amazon’s local unit and Flipkart for abusing their dominance by offering deep discounts and preferential treatment to certain sellers. The South Asian nation is tightening rules for online retailers after years of protests from local brick-and-mortar merchants who fear deep-pocketed global competition could put them out of business.
Following the report, the US company began an investigation into the conduct of its legal representatives in India. heroine The report did not address specifics, but issued the statement after Bloomberg contacted a local spokesperson for comment.
“We have zero tolerance for corruption,” Amazon said in its email response. “We take allegations of unfair practices seriously, investigate them thoroughly and take appropriate action. We are not commenting on the specific allegations or the status of any investigation at this time.”
The report said a whistleblower within Amazon flagged issues of alleged bribery at its Indian operations, prompting the company to launch its own investigation. The news outlet reported that Amazon is investigating allegations that legal fees paid by the company were used as bribes. The report said the company has placed a senior employee on leave, citing two individuals who work with Amazon’s in-house legal team.
Amazon’s new chief executive officer, Andy Jassi, is targeting India for growth, even as challenges continue to mount in the most important market for the online retailer to expand. The company is up against retail websites including Walmart-backed Flipkart as well as billionaire Mukesh Ambani’s JioMart, all seeking a bigger slice of a potential market that tops a billion consumers. Amazon, which employs more than 100,000 across India, has promised to digitize 10 million small businesses, enable $10 billion in exports and create two million jobs in the country by 2025.
Last month, India’s Supreme Court allowed an antitrust probe against Amazon’s local unit and Flipkart for abusing their dominance by offering deep discounts and preferential treatment to certain sellers. The South Asian nation is tightening rules for online retailers after years of protests from local brick-and-mortar merchants who fear deep-pocketed global competition could put them out of business.
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