Home News Amazon under ED lens for alleged FEMA violation

Amazon under ED lens for alleged FEMA violation

Amazon under ED lens for alleged FEMA violation

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

The Enforcement Directorate is probing suspected violation of the Foreign Exchange Management Act rules by Amazon, said a senior agency official on Thursday.

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

The court, during a recent hearing, observed that through three agreements, Amazon had attempted to gain control over the entity without the government’s permission.

The agency is determining if there was any violation involved in the process.

An Amazon India representative told the media that they were not aware of any new case by the ED against it.

You have reached your limit for free articles this month.

Subscription Benefits Include

Today’s Paper

Find mobile-friendly version of articles from the day’s newspaper in one easy-to-read list.

Unlimited Access

Enjoy reading as many articles as you wish without any limitations.

Personalised recommendations

A select list of articles that match your interests and tastes.

Faster pages

Move smoothly between articles as our pages load instantly.

Dashboard

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

Briefing

We brief you on the latest and most important developments, three times a day.

Support Quality Journalism.

*Our Digital Subscription plans do not currently include the e-paper, crossword and print.

This article is auto-generated by Algorithm Source: www.thehindu.com

Related Posts

0

Ad Blocker Detected!

Refresh