Indian law enforcement agencies summon Amazon and Future Group
A deal from 2019 is the reason
The Indian Economic Crime Agency has summoned officials from Amazon.com Inc. (O: AMZN) and its war partner Future Group on a case related to alleged violation of foreign investment rules, according to sources with direct knowledge of the matter.
Amazon has received a subpoena issued by the Indian law enforcement agency related to the Future Group, an Amazon spokesman told Reuters on Sunday.
"Since we have only just received the subpoena, we are reviewing it and will respond within the allotted time frame," said the spokesman.
The Enforcement Directorate was investigating whether there were violations of foreign investment laws when Amazon made a $ 200 million investment in Future's gift card unit, Future Coupons, in 2019. The deal is at the heart of the ongoing litigation between the two companies.
At least two senior Future Group executives have been summoned to appear before the Enforcement Directorate in the week of December 6, a source with direct knowledge of the matter told Reuters who declined to reveal their names as the matter was not public was.
At least two Amazon India executives, including the head of the legal department, have also been summoned, according to another source knowledgeable about the matter.
Future Group and Enforcement Directorate spokesmen did not immediately respond to requests for comment.