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28 Nov 2021
Amazon and Future Group Summoned by India’s Law Enforcement
The Index Today
India’s law enforcement agency has asked to meet with Amazon Inc and Future Group on claims of violating foreign investment rules. The Enforcement Directorate has summoned both parties to discuss the matter.
The investigation will be conducted to determine is any foreign investment rules were violated after Amazon Inc invested $200 million in Future Coupons, Future Group’s gift voucher unit. The investment deal has led to disputes between both corporations.
Two senior executives from the group are scheduled to meet with the Enforcement Directorate in the first week of December. The legal head of the firm will also be present at the meeting. Spokesperson from both Amazon and Future have declined to comment on the matter.