Amazon flags India risks in SEC filing

Written by fe Bureau | Bangalore | Updated: Oct 30 2014, 09:10am hrs
In a filing with the US Securities and Exchange Commission, e-commerce major Amazon said business in India involves unique risks as there are uncertainties over the countrys laws and regulations, reports fe Bureau in Bangalore. The e-tailer's China business may also face similar hurdles, it said in the statement. If our international activities were found to be in violation of any existing or future PRC (the Peoples Republic of China), Indian or other laws or regulations or if interpretations of those laws and regulations were to change, our businesses in those countries could be subject to fines and other financial penalties, have licences revoked, or be forced to shut down entirely, the company said.