Competition Commission of India (CCI) Accuses Amazon in Future deal
23rd July 2021,Mumbai:
The Competition Commission of India (CCI) has slapped Amazon with a show-cause notice, alleging the Global biggie retailer of a case of misrepresentation & hiding material information in 2019, whilst it was aiming at receiving ,The Anti-trust Watchdog's Approval' in its effort to buy a 49% stake in 'Future Group entity Future Coupons (FCPL)'
This adds a fresh twist and adds a new dimension to ongoing the time-drawn bitterly fought legal battle between Amazon India & Kishore Biyani's Future Group over the proposed sale of FRL to Reliance Industries (RIL) for a business consideration of Rs 24,700 crore.
Amit Agarwal, Country Head, Amazon India
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