Thursday, December 30, 2021

ED summons Amazon India V-P in forex case

The agency is looking into alleged violation of the Foreign Exchange Management Act (FEMA) when Amazon invested ₹1,431 crore to purchase 49% in Kishore Biyani-led Future Coupons Pvt Ltd (FCPL) in 2019 and if it complied with all the applicable regulations.

from Tech-Economic Times https://ift.tt/3eAHVFG
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