Sachbansal News

Flipkart co-founder Sachin Bansal reaches court after ED’s penalty notice

Flipkart co-founder Sachin Bansal reaches court after ED’s penalty notice

New Delhi: Sachin Bansal, co-founder of e-commerce giant Flipkart, has mounted a court challenge against the Enforcement Directorate (ED), which has accused him and others of violation of foreign investment laws, court records showed. The ED had in July issued a so-called show cause notice to Flipkart, its founders and

ED issues notice to Flipkart and its founder in forex violation case

ED issues notice to Flipkart and its founder in forex violation case

New Delhi: The Enforcement Directorate (ED) has issued notices to Flipkart, its founders and nine others for alleged foreign exchange violations. He has been asked to explain why he should not face a fine of ₹ 10,600 crore for alleged violation of foreign investment laws. ED sources said that Flipkart