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ED summons Future, Amazon executives

New Delhi, November 28

The Enforcement Directorate (ED) has summoned senior officials of Amazon India, including its country head Amit Agarwal, and that of the Future Group for questioning under the Foreign Exchange Management Act (FEMA) as part of its probe linked to the disputed deal between the two companies, officials in the agency said.

Disputed deal

The ED is conducting the probe after it received a communication from the Ministry of Commerce, seeking “necessary action” against e-commerce players pertaining to certain multi-brand retail businesses and an observation made by the Delhi HC in relation to Amazon.

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The executives have been summoned for the coming week under the FEMA, they said, adding Amazon India head Agarwal, some other senior officials of the company and those of the Future Group have been called.

An Amazon spokesperson is reported to have said they were examining the ED summons. “We are in receipt of summons issued by the ED in connection with the Future Group. As we have just received the summons, we are examining it and will respond within the given time frame,” the spokesperson said. — TNS

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