Home Economy Amazon under ED lens for alleged FEMA violation

Amazon under ED lens for alleged FEMA violation

29
0


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.

You have reached your restrict without spending a dime articles this month.

Subscription Benefits Include

Today’s Paper

Find mobile-friendly model of articles from the day’s newspaper in a single easy-to-read record.

Unlimited Access

Enjoy studying as many articles as you want with none limitations.

Personalised suggestions

A choose record of articles that match your pursuits and tastes.

Faster pages

Move easily between articles as our pages load immediately.

Dashboard

A one-stop-shop for seeing the newest updates, and managing your preferences.

Briefing

We transient you on the newest and most necessary developments, 3 times a day.

Support Quality Journalism.

*Our Digital Subscription plans don’t at present embody the e-paper, crossword and print.



Source link

LEAVE A REPLY

Please enter your comment!
Please enter your name here