amazon: Amazon writes to Piyush Goyal clarifying legal fees

amazon: Amazon writes to Piyush Goyal clarifying legal fees


In a letter to the minister for commerce and industry Piyush Goyal, Amazon said it has zero tolerance for corruption that the US online retailer has initiated an investigation into its legal representatives in India after a whistle-blower accused them of bribing government officials.

The company also clarified that it’s legal fees for fiscal ending March 2020 was Rs 52 crore and not Rs 8546 crore unlike certain news reports.

“Last week some media outlets began reporting that Amazon’s India operations spent a combined Rs 8456 crore in “legal fees” During 2019 and 2020, making these claims, the article cited “public filings” made by Amazon.. . .. the quoted amount was ,” the letter dated September 28 said.

“Several of the articles incorrectly suggest that an entity called “Amazon India Limited” Is an Amazon subsidiary and have attributed it’s legal expense to Amazon, ” The letter added.

As per a report on news portal, The Morning Context, Amazon launched an internal probe after a whistle-blower 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 Confederation of All India Traders (CAIT) has taken up the matter and has demanded a CBI inquiry into the allege bribing of officials.



Source link

Add a Comment

Your email address will not be published.