22 July 2021, 1:06 pm. 1 minute
India’s antitrust regulator has accused Amazon.com Inc of concealing facts and making false submissions when it sought approval for a 2019 investment in a Future Group unit, a letter to the U.S. e-commerce giant seen by Reuters showed. The letter complicates Amazon’s bitter legal battle with Future Group over the Indian firm’s decision to sell its retail assets to Reliance Industries – a matter that is now before India’s Supreme Court.
Shares in Future Retail jumped nearly 5% after Reuters published details of the letter.
Topics of Interest: Technology
Type: Reuters Best
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Important Regional Story