Leading US company Amazon is set to sue India's financial crime agency, accusing it of failing to properly investigate a deal with the company. ۔
According to Reuters, India's Enforcement Directorate has been investigating foreign investment laws for several months regarding Amazon's مل 200 million investment in Future Group.Amazon, citing the agreement, said it was being violated.
In the 816-page file, which Reuters has seen, Amazon believes that the ED's investigation is inconsistent.
Several other officers, including the head of Amazon based in India, have been summoned by the ED in recent weeks, which the company has termed as "unnecessary harassment".
The same points have been made by the American company in the case filed in the Delhi High Court on December 21.
In the file, Amazon has stated that the ED's instructions regarding the documentation of legally granted privileges and the right to sue are inconsistent with the Indian Constitution.
And there was no immediate reaction from ED, which did not disclose its findings.
The case is likely to be heard on Thursday.
The case comes as a turning point in the long-running feud between Amazon and Future Group. Although India's antitrust body canceled the agreement in 2019, the company withheld information when asked for approval, while the ED is conducting an independent investigation. Is.
The dispute revolves around three financial agreements between Future Group and Amazon, which is also being heard by an arbitration panel in Singapore. Go
Future Group says the merger is a violation of Indian law.
The lawsuit also includes an ED notice from Amazon asking for information on investments in Future Group in February.
The notice also directed that copies of agreements, bank account information and other means of internal communication be provided.
