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Since the transactions under the scanner is for the period before Walmart took charge of the homegrown etailer, the indemnity clause is expected to protect the global giant from penalty, sources familiar with the exercise said.
Flipkart, founders could face Rs10,000-cr fine for flouting FDI rules, say reports domain-b.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from domain-b.com Daily Mail and Mail on Sunday newspapers.
As the Enforcement Directorate (ED) has served notices to e-commerce major Flipkart and its founders over alleged violation of foreign exchange norms, the Confederation of All India Traders (CAIT) has said that similar notices should also be .