The government has received 12 complaints against e-commerce companies such as Flipkart and Newlook Retails in the last three years for alleged money laundering, fraud transactions and unfair trade pr
The government has received 12 complaints against e-commerce companies such as Flipkart and Newlook Retails in the last three years for alleged money laundering, fraud transactions and unfair trade practice, among others, the Lok Sabha was informed on Tuesday.
The Centre has also received representation from various associations demanding regulation of e-commerce business in the country, consumer affairs minister Ram Vilas Paswan said.
“As reported by the ministry of corporate affairs, over the last three years (2012-13 to 2014-15) and during the current year till date, a total of 12 complaints have been received against e-commerce companies”, Paswan said in a written reply to the Lok Sabha.
The complaints have been made against alleged money laundering, hiding of operation details, fraud transactions, non-delivery of goods, unfair trade practice, among others, he said.
Out of the 12 complaints, seven were against Newlook Retails, three were against Flipkart Internet and one each against G-Link Revenue E-Com and Bhaap Online Retails, according to the data placed before the Lower House.
