amazon: Amazon probing bribery complaint: Report

amazon: Amazon probing bribery complaint: Report

US retail giant Amazon has found itself embroiled in a controversy as a media report said it has initiated an investigation after a whistleblower accused a legal representative in India of bribing government officials.

“We have zero tolerance for corruption,” an Amazon spokesperson said. “We take allegations of improper actions seriously, investigate them fully, and take appropriate action. We are not commenting on specific allegations or the status of any investigation at this time.”

The Confederation of All India Traders (CAIT), which has been opposing ecommerce comanies such as Amazon and Flipkart for years over deep discounts, has demanded a CBI inquiry into the alleged bribing of officials.

As per a report on news portal, The Morning Context, Amazon launched an internal probe after a whistleblower complaint alleged that a part of the fees paid to New Delhi-based independent advocate Vikas Chopra, who represents the company as an outside counsel, has been used for bribing government officials.

The investigation is looking into the conduct of Chopra and Rahul Sundaram, an in-house counsel who has been sent on leave, the report said.

Amazon is one of Chopra’s biggest clients, with yearly billings of upwards of ₹20 crore, it said.

He is known to have represented Amazon’s logistics business Amazon Transportation Service.

In a letter to commerce and industry minister Piyush Goyal, CAIT demanded a CBI inquiry into the allegation and said Amazon should be directed to suspend its ecommerce portal during the probe period.

It also said it is moving a representation to US Securities & Exchange Commission (SEC) chairman Gary Gensler, who heads the repository body of Foreign Corrupt Practices Act (FCPA), and the corporate governance committee of Amazon board, demanding a fair and independent investigation into this issue.

The FCPA prohibits businesses from paying foreign government officials for obtaining or retaining businesses.

Source link

Add a Comment

Your email address will not be published.