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Amazon.com Inc has stressed that it has zero tolerance for corruption and will fully investigate all corruption allegations, responding to a report from an Indian media outlet that the US e-commerce giant has opened an internal investigation into the corruption. allegations of corruption.
The US company has opened an investigation into the conduct of its legal representatives in India, after the report. Amazon did not address details in the report but released the statement after Bloomberg contacted local spokespersons for comment.
“We have zero tolerance for corruption,” Amazon said in its email response. “We take allegations of improper actions seriously, investigate them thoroughly and take appropriate action. We are not commenting on specific allegations or the status of an investigation at this time. ”
An Amazon whistleblower pointed out the alleged corruption issues in its Indian operations, prompting the company to launch its investigation, the report said. Amazon is investigating charges that legal fees paid by the company were used as bribes, the outlet reported. The company has put a senior employee on leave, according to the report, citing two people who work with Amazon’s in-house legal team.
Amazon’s new CEO Andy Jassy is targeting growth in India even as challenges mount in what is arguably the online retailer’s most important expansion market. The company faces Walmart-backed Flipkart, as well as billionaire Mukesh Ambani’s retail websites, including JioMart, all seeking a greater share of a potential market exceeding one billion consumers. Amazon, which employs more than 100,000 people in India, has pledged to digitize 10 million small businesses, enable $ 10 billion in exports and create two million jobs in the country by 2025.
Last month, the Indian Supreme Court cleared the opening of an antitrust investigation against the local unit of Amazon and Flipkart for allegedly abusing their dominant position by offering deep discounts and preferential treatment to certain suppliers. The South Asian nation is tightening regulations for online retailers after years of protests from local brick-and-mortar traders who fear deep global competition could push them out of business.
The US company has opened an investigation into the conduct of its legal representatives in India, after the report. Amazon did not address details in the report but released the statement after Bloomberg contacted local spokespersons for comment.
“We have zero tolerance for corruption,” Amazon said in its email response. “We take allegations of improper actions seriously, investigate them thoroughly and take appropriate action. We are not commenting on specific allegations or the status of an investigation at this time. ”
An Amazon whistleblower pointed out the alleged corruption issues in its Indian operations, prompting the company to launch its investigation, the report said. Amazon is investigating charges that legal fees paid by the company were used as bribes, the outlet reported. The company has put a senior employee on leave, according to the report, citing two people who work with Amazon’s in-house legal team.
Amazon’s new CEO Andy Jassy is targeting growth in India even as challenges mount in what is arguably the online retailer’s most important expansion market. The company faces Walmart-backed Flipkart, as well as billionaire Mukesh Ambani’s retail websites, including JioMart, all seeking a greater share of a potential market exceeding one billion consumers. Amazon, which employs more than 100,000 people in India, has pledged to digitize 10 million small businesses, enable $ 10 billion in exports and create two million jobs in the country by 2025.
Last month, the Indian Supreme Court cleared the opening of an antitrust investigation against the local unit of Amazon and Flipkart for allegedly abusing their dominant position by offering deep discounts and preferential treatment to certain suppliers. The South Asian nation is tightening regulations for online retailers after years of protests from local brick-and-mortar traders who fear deep global competition could push them out of business.
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