New Delhi: Giant E-commerce AS Amazon, which is said to be investigating alleged bribery paid by its legal representatives in India, spending RS 8,546 Crore or $ 1.2 billion in legal fees to maintain the presence in the country for 2018-20, said Source .
Sources who are aware of the submission of public accounts The company said six Amazon entities – Amazon India Ltd.
(Company Parent), Amazon Retail India Pvt Ltd, Amazon Pvt LTD seller service, Amazon Pvt Transportation Services Ltd, Amazon Pvt Ltd, and Amazon Internet Service Pvt Ltd (AWS) – Paid Rs 3,420 Crore in India for 2018-19 and Rs 5,126 Crore for 2019-20 towards legal fees.
Amazon is locked in a legal twist for the takeover of future groups and faces an investigation by the Indian Competition Commission (CCI).
While the company refused to comment on the issue of legal costs, the Cait Body trader claimed that Amazon spent 20 percent of his income against lawyers questioned.
“The number of defeats spent under the cost of legal professionals clearly shows how Amazon and subsidiaries abuse their financial muscles to bribe and manipulate Indian government officials,” National Secretary General Cait Pravelwal written for the Minister of Trade Piyush Goyal.
Without offering evidence for his claim, he demanded the CBI investigation.
On Monday, a report based on the morning context stated that Amazon had initiated an investigation into several legal representatives for allegedly bribing Indian government officials.
The company’s senior advice was reported to have been sent to leave in this matter.
The company has stated that accusation of actions is not right seriously and investigates them completely to take appropriate action.
Although it did not confirm or deny the charges, Amazon said it had “zero tolerance for corruption”.
“Which companies around the world while spending more than 20 percent of revenues that still have to be paid to pay for lawyers can maintain in business and it also even makes losses year after year but yes it is a Global Amazon e-tailer in India which is an example of life From this confusing honesty, “Cait the alleged on Tuesday.
Khandelwal in a statement claimed that Amazon had spent around “RS 8,500 Crore legal and professional costs against turnover around RS 45,000 Crore in two years (2018-20)”.
Amazon also faces an investigation by a fair Watchdog CCI in India for alleged anti-competitive practices, pricing pricing and preferential treatment.
The US-based company has also locked legal journey with the upcoming group.
Amazon is fighting for RS 24,713-Crore agreement between the future group and Reliance Retail Ventures Ltd and has dragged the future group to the Singapore International Arbitration Center (SIAC).
It has argued that the future violates the contract by entering an agreement with rival reliance.
Amazon and future groups have also filed litigation in Indian courts, including the Supreme Court, about this issue.
Amazon is an investor in a coupon in the future, which in turn is a shareholder in the future Retail Ltd.
Amazon spends 8,546Cr Rs for legal fees in India
