India's law enforcement agency summons Amazon, Future Group officials over 2019 deal | The Business Standard
Skip to main content
  • Latest
  • Economy
    • Banking
    • Stocks
    • Industry
    • Analysis
    • Bazaar
    • RMG
    • Corporates
    • Aviation
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • Subscribe
    • Epaper
    • GOVT. Ad
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
The Business Standard

Saturday
July 05, 2025

Sign In
Subscribe
  • Latest
  • Economy
    • Banking
    • Stocks
    • Industry
    • Analysis
    • Bazaar
    • RMG
    • Corporates
    • Aviation
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • Subscribe
    • Epaper
    • GOVT. Ad
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
SATURDAY, JULY 05, 2025
India's law enforcement agency summons Amazon, Future Group officials over 2019 deal

South Asia

Reuters
28 November, 2021, 12:45 pm
Last modified: 28 November, 2021, 12:47 pm

Related News

  • BSF pushes 15 people into Bangladesh
  • India to deport over 200 alleged undocumented immigrants to Bangladesh
  • India proposes retaliatory duties at WTO against US tariffs on autos
  • US, India push for trade pact after Trump strikes deal with Vietnam: sources
  • India reviews anti-dumping duty on jute imports from Bangladesh, Nepal

India's law enforcement agency summons Amazon, Future Group officials over 2019 deal

At least two Amazon India executives, including its legal head, have also been summoned, another source with knowledge of the matter said

Reuters
28 November, 2021, 12:45 pm
Last modified: 28 November, 2021, 12:47 pm
Traffic moves on a road past advertisements of Indian online marketplace Amazon, in Mumbai, India, October 15, 2015. Photo :Reuters
Traffic moves on a road past advertisements of Indian online marketplace Amazon, in Mumbai, India, October 15, 2015. Photo :Reuters

India's economic crime-fighting agency summoned officials of Amazon.com Inc <AMZN.O > and its warring partner Future Group in a case related to alleged violation of foreign investment rules, according to sources with direct knowledge of the matter.

Amazon received a summons issued by India's Enforcement Directorate in connection with the Future Group, an Amazon spokesperson told Reuters on Sunday.

"As we have just received the summons, we are examining it and will respond within the given time frame," the spokesperson said.

The Business Standard Google News Keep updated, follow The Business Standard's Google news channel

The Enforcement Directorate has been investigating whether there were any violations of foreign investment laws when Amazon made a $200 million investment in Future's gift voucher unit, Future Coupons, in 2019. The deal is at the heart of ongoing legal disputes between the two firms.

At least two senior Future Group executives have been summoned to appear before the Enforcement Directorate in the week of Dec. 6, a source with direct knowledge of the matter told Reuters, declining to be named as the matter was not public.

At least two Amazon India executives, including its legal head, have also been summoned, another source with knowledge of the matter said.

Top News / World+Biz

India / Amazon / Future Group

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • Chief Adviser Professor Muhammad Yunus of the Bangladesh interim government. Sketch: TBS
    Holy Ashura: CA calls for establishing 'equality, justice, peace' in society
  • Saleudh Zaman
    Textile mill owners demand withdrawal of new taxes by Monday
  • Tarique Rahman. Sketch: TBS
    Struggle must continue until justice prevails in Bangladesh: Tarique Rahman

MOST VIEWED

  • A meeting of the Advisory Council Committee chaired by the Chief Adviser Muhammad Yunus held on 3 July 2025. Photo: PID
    Govt Service Ordinance: Compulsory retirement to replace dismissal for misconduct in govt job 
  • Graphics: TBS
    Foreign currency in offshore banking units now eligible as collateral for taka loans
  • New Mooring Container Terminal. Photo: TBS
    Chittagong Dry Dock to take over New Mooring terminal operations on 7 July
  • Ships and shipping containers are pictured at the port of Long Beach in Long Beach, California, US, 30 January 2019. Photo: REUTERS
    Bangladesh expects US tariff relief after Trump announces cuts to Vietnam
  • Miners are seen at the Bayan Obo mine containing rare earth minerals, in Inner Mongolia, China. Photo: Reuters
    How China is playing the rare earths trump card — and why Ukraine couldn’t
  • Illustration: TBS
    Grameen Jibon: A business born from soil, memory, and the scent of home

Related News

  • BSF pushes 15 people into Bangladesh
  • India to deport over 200 alleged undocumented immigrants to Bangladesh
  • India proposes retaliatory duties at WTO against US tariffs on autos
  • US, India push for trade pact after Trump strikes deal with Vietnam: sources
  • India reviews anti-dumping duty on jute imports from Bangladesh, Nepal

Features

Students of different institutions protest demanding the reinstatement of the 2018 circular cancelling quotas in recruitment in government jobs. Photo: Mehedi Hasan

5 July 2024: Students announce class boycott amid growing protests

19h | Panorama
Contrary to long-held assumptions, Gen Z isn’t politically clueless — they understand both local and global politics well. Photo: TBS

A misreading of Gen Z’s ‘political disconnect’ set the stage for Hasina’s ouster

23h | Panorama
Graphics: TBS

How courier failures are undermining Bangladesh’s online perishables trade

23h | Panorama
The July Uprising saw people from all walks of life find themselves redrawing their relationship with politics. Photo: Mehedi Hasan

Red July: The political awakening of our urban middle class

1d | Panorama

More Videos from TBS

Beijing openly sides with Moscow for the first time

Beijing openly sides with Moscow for the first time

47m | TBS World
Did Prada finally give credit to Indian Kolhapuri sandals?

Did Prada finally give credit to Indian Kolhapuri sandals?

1h | TBS World
How BB’s floating rate regime calms forex market

How BB’s floating rate regime calms forex market

27m | TBS Programs
Trump's 'Big beautiful bill' will increase US debt

Trump's 'Big beautiful bill' will increase US debt

2h | TBS World
EMAIL US
contact@tbsnews.net
FOLLOW US
WHATSAPP
+880 1847416158
The Business Standard
  • About Us
  • Contact us
  • Sitemap
  • Advertisement
  • Privacy Policy
  • Comment Policy
Copyright © 2025
The Business Standard All rights reserved
Technical Partner: RSI Lab

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - oped.tbs@gmail.com

For advertisement- sales@tbsnews.net