Future Retail (FRL) ind directors wrote to CCI alleging Amazon mislead regulator

15 November 2021, Mumbai:

Future Retail's independent directors write a second later to the competition regulator asking it to revoke the nod to the Amazon-Future coupons deal; cite internal communications of Amazon to establish its contradictory statement before courts and CCI.

Future Retail’s independent directors have written a second letter to the Competition Commission of India (CCI), alleging that records show that Amazon, in its application to the anti-trust watchdog, has contradicted its internal correspondence submitted before courts.

This is the second such letter in less than a week that accuses the American e-commerce giant of concealing information and requests CCI to revoke the nod it gave to the Amazon-Future Coupons Private Ltd (FCPL) deal in November 2019.

The latest letter, a copy of which has been reviewed by Moneycontrol, says that the independent directors examined the pre-contractual negotiation records of Amazon’s investment in Future Coupons Private Ltd (FCPL) and found that the representations made by Amazon in its CCI application “completely contradict internal correspondences". Money Control

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

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