Amazon alleges Future Group's Ind Directors regard to its 'Financial Irregularities'

25 November 2021, Mumbai:

Amazon has written to the independent directors of Future Retail Ltd (FRL) alleging "significant financial irregularities and said this warrants a "thorough an independent examination" of relevant facts and related party transactions between FRL and other Future Group entities.

FRL, however, has asserted that the US e-commerce major has no locus to address the letter and that Amazon's communication is "nothing an afterthought and a counterblast" to a showcase notice by the Competition Commission of India (CCI).

ET

(The news article has not been edited by DFU Publications)

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