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Flipkart and Its Founders Said to Be Threatened With $1.35 Billion Fine by Enforcement Directorate | Technology News

Flipkart and Its Founders Said to Be Threatened With $1.35 Billion Fine by Enforcement Directorate India's financial-crime agency has asked Walmart's Flipkart and its founders to explain why they shouldn't face a penalty of $1.35 billion (roughly Rs. 10,010 crores) for alleged violation of foreign investment laws, three sources and an agency official told Reuters.

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