Amazon and Future group.

Photo: Legal Era

Enforcement Directorate Summons Amazon, Future Group Officials

The officials of Amazon.com and Future Group have been summoned by India's Enforcement Directorate to appear before it in the week of December 6. The summon have been issued in alleged violation of foreign investment rules. The violation is related to a $200 million investment of Amazon in Future's gift voucher unit, Future Coupons, in 2019. '''We'll respond within the given time frame,'' said an Amazon spokesperson. 

Sun, 28 Nov 2021 - 12:50 PM / by Brijesh Goswami

Tags: Amazon, Future Group, Enforcement Directorate, Foreign Investment, Violation

Courtesy: Reuters