Amazon urges RBI to forensic audit of FRL

Amazon urges RBI to forensic audit of FRL

02 May 2022, Mumbai:

The E-tailer has alleged that promoters and directors of future retail (FRL) have committed fraud by letting Reliance take over around 800 stores of the debt-laden company.

 

ALSO READ Future of Future Group?

US-based Amazon has urged RBI to conduct a forensic audit of FRL for the past 3 financial years, alleging that the promoters and directors of Big Bazaar parent have committed fraud by letting Reliance take over around 800 stores of the debt-laden company.

RELEVANT NEWS Reliance Retail takes over Future Group stores

Amazon legal battles started after the proposed future Reliance deal was announced nearly 2 years ago when the e-tailers dragged FRL to a Singapore-based emergency arbitrator.

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CREDITS: TOI Dt 02-05-2022 (The news article has not been edited by DFU Publications staff).

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