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India's regulation enforcement company is looking Amazon and Future Group officers concerning the 2019 deal

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© Reuters. FILE PHOTO: Traffic moves on a street past advertisements of the Indian online marketplace Amazon, in Mumbai, India, October 15, 2015. REUTERS / Shailesh Andrade / File Photo

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NEU-DELHI (Reuters) – India's White Collar Crime Agency has cited officials from Amazon.com Inc (O 🙂 and its belligerent partner Future Group on a case related to alleged violation of foreign investment rules, according to sources with direct knowledge the matter.

Amazon had received a subpoena from India's Enforcement Directorate in connection with the Future Group, an Amazon spokesman told Reuters on Sunday.

"Since we have just received the subpoena, we are reviewing it and will respond within the allotted time frame," said the spokesman.

The Enforcement Directorate was investigating whether there were violations of foreign investment laws when Amazon made a $ 200 million investment in futures gift card unit Future Coupons in 2019. The deal is at the heart of the ongoing litigation between the two companies.

At least two senior Future Group executives were called before the Directorate of Enforcement in the week of December 6, a source with direct knowledge of the matter told Reuters and declined to be named as the matter was not public.

At least two Amazon India executives, including the legal director, have also been summoned, another source knowledgeable said.

The future group spokespersons and the Enforcement Directorate did not immediately respond to requests for comment.

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