ED summons Amazon to investigate Future Coupons investment
Sun, Nov 28, 2021 11:05 AM

ED summons Amazon to investigate Future Coupons investment

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Amazon.com Inc.’s top management in the country along with officials from Future Coupons Pvt Ltd. summoned by the Enforcement Directorate (ED) to enquire whether Amazon was in breach of India’s foreign exchange laws when it invested 14.3 billion rupees ($191 million) to acquire 49% stake in FCPL in 2019.

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