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The Enforcement Directorate (ED) has summoned officials of Amazon India including country head Amit Agarwal and its warring partner Future Group in a case related to their disputed deal and alleged violation of foreign investment rules. Amazon received a summons issued by ED in connection with the Future Group, an Amazon spokesperson told Reuters on Sunday.
"We are in receipt of summons issued by the ED in connection with the Future Group. As we have just received the summons, we are examining it and will respond within the given time frame," Amazon India said in a statement.
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India's economic crime-fighting agency summoned officials of Amazon.com Inc and its warring partner Future Group in a case related to alleged violation of foreign investment rules, according to sources with direct knowledge of the matter.
ED has been probing whether there were any violations of foreign investment laws when Amazon made a $200 million investment in Future Coupons, in 2019
Amazon India head has been summoned by ED. The ED is determining whether Amazon breached the Foreign Exchange Management Act in its Rs 1,431 crore deal to purchase a 49 per cent stake in Future Coupons Pvt Ltd in 2019.