By CNBCTV18.com Nov 28, 2021 11:08:20 AM IST (Updated)
The Enforcement Directorate has summoned Amazon India officials to enquire about its's deal with Future Coupons in 2019 and to check if there were any FEMA violations.
The Enforcement Directorate has summoned the Amazon India country head, Amit Agarwal and other officials to enquire about Amazon's deal with Future Coupons in 2019. The aim is to ascertain if there was a FEMA (Foreign Exchange Management Act) violation in the deal that had seen Amazon pick up 49 percent stake in the Kishore-Biyani led company.
Amazon has confirmed the summon, saying, "In receipt of summons issued by the ED in connection with Future Group (deal). (We have) just received the summons and are examining it and will respond within the given time frame."
The agency has also summoned Future Group promoters and officials to cross-verify documents and evidence.
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