Amazon has taken the Enforcement Directorate, or ED, to court seeking to cancel an investigation into its 2019 deal with Future Group for alleged violations of foreign investment laws, sources have said.
The investment is at the centre of protracted legal battles, as Amazon has used the terms of that deal - and cited contract breaches by Future - to stall the $3.4 billion sale of the Indian company's retail assets to a rival.
The Competition Commission of India (CCI) on Friday imposed a total penalty of ₹202 crore on Amazon.com NV Investment Holdings LLC (Amazon) for its failure to notify CCI about its deal with Future.