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eBay Statement Concerning Baazee.com and the Arrest of Avnish Bajaj.


SAN JOSE San Jose, city, United States
San Jose (sănəzā`, săn hōzā`), city (1990 pop. 782,248), seat of Santa Clara co., W central Calif.; founded 1777, inc. 1850.
, Calif. -- Baazee.com, eBay's (Nasdaq:EBAY) wholly owned subsidiary Wholly Owned Subsidiary

A subsidiary whose parent company owns 100% of its common stock.

Notes:
In other words, the parent company owns the company outright and there are no minority owners.
 in India, is an online marketplace which brings buyers and sellers together. In late November a Baazee.com user attempted to sell a controversial pornographic video clip A short video presentation.  on the site. The video clip itself was not shown on the site; the seller offered to email the clip to buyers directly. The listing violated Baazee.com's policies and user agreement and was removed from the site once it was discovered.

Like eBay, Baazee.com strives to offer a transparent, trustworthy and safe trading environment and the company takes very seriously any breach of its acceptable use policy. Baazee.com executives, including its country manager Avnish Bajaj, have been closely cooperating with the New Delhi New Delhi (dĕl`ē), city (1991 pop. 294,149), capital of India and of Delhi state, N central India, on the right bank of the Yamuna River.  police to trace the seller in question. The information we have provided has allowed the police to locate and arrest the seller.

We are outraged that Mr. Bajaj, who had voluntarily traveled to New Delhi to further cooperate with the police on this case, was arrested and today sent into judicial custody without bail until December 24. The arrest was unexpected and completely unwarranted. It is unfortunate that local law enforcement has chosen to misdirect mis·di·rect  
tr.v. mis·di·rect·ed, mis·di·rect·ing, mis·di·rects
1. To aim (a blow or projectile, for example) badly.

2. To give wrong instructions or directions to.

3.
 its energies towards Mr. Bajaj. eBay is working to secure Mr. Bajaj's release from jail as soon as possible.

Baazee.com's operations in India have not been affected by this situation.
COPYRIGHT 2004 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2004, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Dec 19, 2004
Words:230
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