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Amazon sues ED seeking to quash probe of 2019 investment into Future Group

Amazon moves Delhi HC, objects to ED asking for disclosure of legally privileged documents. Multiple Amazon executives had been summoned and the probe has caused 'unnecessary harassment', it says

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Amazon's court filing contained a notice from the ED dated Feb. 19 which sought details of its investment in Future, including copies of agreements, bank account details and other related internal communication

Reuters New Delhi
Amazon.com Inc is taking India's financial crime fighting agency to court, seeking to quash an investigation into one of its 2019 deals, a court filing seen by Reuters shows.
 
India's Enforcement Directorate (ED) has for months been probing Amazon's $200 million investment in India's Future Group for suspected violations of foreign investment laws.

The investment is at the centre of protracted legal battles, as Amazon has used the terms of that deal - and cited contract breaches by Future - to stall the $3.4 billion sale of the Indian company's retail assets to a rival.

In an 816-page filing, seen

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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