An Indian government agency has summoned Amazon.com Inc’s top management in the country, along with officials from Future Coupons Pvt Ltd (FCPL), to question them about a botched deal, the Economic Times reported.
The Indian Enforcement Directorate (ED) — the agency that investigates offenses related to money laundering — is examining whether Amazon, which was founded by Jeff Bezos, was in breach of India’s foreign-exchange laws when it invested 14.3 billion rupees (US$190.5 million) to purchase a 49 percent stake in FCPL in 2019, the newspaper said.
FCPL owns about 10 percent of Future Retail Ltd, the flagship entity that runs the