News > ED summons Amazon country head regarding FEMA violation allegations
ED summons Amazon country head regarding FEMA violation allegations
CNBC TV18 | 28/11/2021 01:16 PM | Click to read full article
The Enforcement Directorate has summoned the Amazon India country head, Amit Agarwal and other officials to enquire about Amazon's deal with Future Coupons in 2019.
The aim is to ascertain if there was a FEMA (Foreign Exchange Management Act) violation in the deal that had seen Amazon pick up 49 percent stake in the Kishore-Biyani led company.