Amazon under Enforcement Directorate lens over FDI rule breach

The action follows certain observations made by a Delhi High Court bench last month about Amazon in the Reliance-Future Retail acquisition case

Topics
Amazon | Enforcement Directorate

Shrimi Choudhary  |  New Delhi 

The Enforcement Directorate (ED) has registered a case against e-commerce major Amazon for allegedly violating some provisions of the foreign exchange law linked to multi-brand retail. The action follows certain observations made by a Delhi High Court bench last month about Amazon in the Reliance-Future Retail acquisition case.

The Seattle-based firm had objected to a deal where Kishore Biyani-led Future Group sold its retail, wholesale, logistics and warehouse units to Mukesh Ambani’s Reliance Retail. Also, a recent letter from the commerce ministry’s Department for ...

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First Published: Thu, January 28 2021. 06:10 IST
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