Home Economy Amazon under ED lens for alleged FEMA violation

Amazon under ED lens for alleged FEMA violation


The Enforcement Directorate is probing suspected violation of the Foreign Exchange Management Act guidelines by Amazon, mentioned a senior company official on Thursday.

In the Delhi High Court, Amazon had earlier challenged the acquisition of Future Retail by the Reliance Group.

The court docket, throughout a latest listening to, noticed that via three agreements, Amazon had tried to achieve management over the entity with out the federal government’s permission.

The company is figuring out if there was any violation concerned within the course of.

An Amazon India consultant instructed the media that they weren’t conscious of any new case by the ED towards it.

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