Role of Narayana Murthy firm requires investigation: CAIT

NEW DELHI: 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. Narayana 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 countr y'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.

"We draw your kind attention towards Cloudtail India (P) Limited, a company owned by Sh Narayan Murthy, Appario Retail (P) Limited, owned by Mr. Ashok Patni, Darshita EtelDarshita Mobiles, STPL-Green Mobiles and Rocket Kommerce", CAIT said.

It added that these together control 80% of business on Amazon marketplace. Though according to law and policies, the marketplace (Amazon) should not have relation or control over the retailer (eg Cloudtail), these retail companies are fully controlled by Amazon. Thus, Amazon's "marketplace" narrative is a mere myth, CAIT said.