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Infosys founder and mentor Narayana Murthy (R), his wife Sidha Murthy and son Rohan Murthy in Bangalore in 2019 Photograph: Manjunath Kiran/AFP/Getty Images
One of the largest sellers on Amazon.in is a company called Cloudtail, a business indirectly 76%-owned by an investment firm controlled by the Murthy family. The remaining quarter of Cloudtail is indirectly owned by Amazon.
An analysis of the companyâs accounts and activities by the Guardian shows that Cloudtail:
faces a £5.5m demand â including âinterest and penaltiesâ â from Indiaâs tax authorities
has paid âmeagreâ taxes over the past four years, while using a business model described as Amazon âon steroidsâ
Role of Narayan Murthy requires investigation: CAIT
By IANS |
Published on
Fri, Feb 19 2021 12:42 IST |
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Role of Narayan Murthy requires investigation: CAIT.. Image Source: IANS News
New Delhi, Feb 19 : Confederation of All India Traders (CAIT) has asked Commerce Minister Piyush Goyal to conduct an investigation into the role of Amazon supplier, Cloudtail India owned by N.R. Narayan Murthy.
CAIT in a letter to Goyal has sought a point wise investigation including mockery of the law by Cloudtail India Limited and Appario Retail (P) Limited, joint ventures with Amazon India Limited. In this context, we reiterate that not only Amazon, its joint ventures in India too are hand in glove and knowingly helping it desecrating our country s rule of law. It is also deeply worrying that some banks are colluding with Amazon by helping it keep prices lower than the market through exclusive policies giving cashback, CAIT said.