According to official sources, senior executives of Amazon India and Future group have been summoned for questioning by the Enforcement Directorate in a foreign exchange violation probe linked to the disputed deal between the two conglomerates.

According to the sources, under the provisions of the Foreign Exchange Management Act (FEMA), the executives have been summoned along with documents for the following week. Senior executives of Amazon India, along with its head Amit Agarwal and Future Group have been summoned. After the federal agency received a message from the Commerce Ministry this year seeking necessary action and an observation made by the Delhi High Court, the investigation is being carried under multiple sections of the FEMA against Amazon about certain multi-brand retail businesses. The HC had stated that the attempt made by the US-based firm to control Future Retail through a conflation of agreements it has with an unlisted unit of the Indian company will be considered as violative of the FEMA and FDI rules. Amazon and Future Group have been battling it out in courts after Future group agreed to sell its assets to billionaire Mukesh Ambani's Reliance Retail in August last year on a slump sale basis for Rs 24,500 crore. Amazon is opposing sell-off plans, accusing Future Group of breaching its 2019 investment pact.  Amazon has approached the Singapore International Arbitration Centre (SIAC) as well as in Indian courts. Earlier this month, a promoter entity of Future Retail Ltd (FRL) had been ordered by the ED to provide documents about the 2019 deal with Amazon. FRL had noted that it has not received any direction to provide any document.

The independent directors of FRL have approached the Competition Commission of India (CCI), urging it to revoke the approval it had given to the Amazon-FCPL deal in 2019, alleging Amazon of making false statements before it. Amazon has also written to the independent directors of FRL, alleging "significant financial irregularities", and told this warrants a "thorough and independent examination" of relevant facts and related party transactions between FRL and other Future Group entities. It has also reached out to CCI, requesting it to act in aid of the binding injunctions operating against FRL, FCPL and the Biyanis, in terms of the EA Order and the Order on Vacate Application and recall the Observation Letters forthwith.