India’s Anti-Money Laundering Agency Summons Amazon, ET Says
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An Indian government agency has summoned Amazon.com Inc.’s top management in the country along with officials from Future Coupons Pvt Ltd. to query them about a botched deal, The Economic Times newspaper reported.
The Enforcement Directorate -- the agency that investigates offenses related to money laundering -- is examining whether Amazon was in breach of India’s foreign exchange laws when it invested 14.3 billion rupees ($191 million) to purchase a 49% stake in FCPL in 2019, the newspaper said. FCPL owns about 10% of Future Retail Ltd., the flagship entity that runs the Big Bazaar, Food Bazaar and Easyday chains.