- Amazon.com Inc (NASDAQ:AMZN) Amazon is probing if its legal representatives in India helped bribe government officials, TechCrunch reports as per the Morning Context reports.
- The investigation follows a whistleblower's complaint, citing unnamed sources and not identifying the government officials.
- Amazon stressed its zero tolerance for corruption and assured thorough investigation on every allegation, Bloomberg reports. It has placed senior corporate counsel Rahul Sundaram on leave.
- India is a significant market for Amazon as it has invested over $6.5 billion in its Indian operations. However, it has also caught the ire of the Indian regulators from time to time.
- Indian regulatory watchdog has previously accused Amazon of favoring big sellers and circumventing India's foreign investment rules.
- Price Action: AMZN shares traded lower by 3% at $3,358.81 in the market session on the last check Monday.
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