India’s law enforcement agency summons Amazon, Future Group officials over 2019 deal -Breaking
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NEW DELHI, (Reuters) – India’s Economic Crime-fighting Agency summoned representatives of Amazon.com Inc and Future Group to discuss a matter involving alleged violations of foreign investment regulations. According to sources who have direct knowledge of this case.
Amazon received a summons from India’s Enforcement Directorate concerning the Future Group. An Amazon spokesperson confirmed this to Reuters Sunday.
According to the spokesperson, “We have received the summons. We are currently examining it. And we will respond in the stipulated timeframe.”
Since 2019, Amazon’s $200 million purchase in Future Coupons (Future Coupons), the Enforcement Directorate was investigating possible violations of foreign investment law. This deal lies at the center of ongoing legal disputes between both firms.
Two senior Future Group executives are expected to appear before Enforcement Directorate on Dec. 6. A source who is directly familiar with the matter said to Reuters that they were summoned. However, the source declined to name the subject as it was confidential.
Another source who has knowledge of the matter stated that at least two Amazon India executives including its legal head have been summoned.
The Enforcement Directorate and Future Group spokespersons did not respond immediately to inquiries for comment.
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