This Article is From Oct 14, 2014

'In Complete Compliance With Laws,' Says Flipkart

'In Complete Compliance With Laws,' Says Flipkart
New Delhi: E-commerce major Flipkart said in a statement today that it is "in complete compliance with the laws of the land and will cooperate with authorities when required."

It was reacting to reports that the Enforcement Directorate is inquiring into whether the company has flouted any retail rules during its massive discount sale held last week, following complaints from traders

Earlier this week, traders' bodies had asked the government to take steps to monitor and regulate online businesses, alleging unfair competition and lack of a level-playing field.

Flipkart's "Big Billion Day" sale offered steep discounts on various products raising concerns among traders that such campaigns would badly affect players in the traditional retail market.

The portal said 1.5 million people shopped at its portal and products worth over Rs 600 crore were sold in just 10 hours.