Amazon under Enforcement Directorate lens over FDI rule breach

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 Prom­otion of Industry and Internal Trade (DPIIT) seeking necessary action