The Enforcement Directorate is the agency that investigates offenses related to money laundering. (Representative image)
The Enforcement Directorate (ED) has summoned Amazon India head, Amit Agarwal, next week over alleged irregularities in a deal with Future Group, reported CNN-News18.
The Enforcement Directorate — the agency that investigates offenses related to money laundering — is examining whether the deal violated India’s law on foreign exchange, or the Foreign Exchange Management Act (FEMA), when it invested Rs 1,431 crore to purchase a 49 percent stake in Future Coupons Pvt Ltd (FCPL) in 2019 and if it complied with regulations.
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