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Amazon-Future Deal Suspended, Rs. 200 Crore Fine Slapped by Competition Commission of India

Amazons 2019 investment in Future Group that got approval from India’s antitrust regulator has now been suspended. The Competition Commission of India said in a fresh order that Amazon "suppressed the actual scope" of the deal and had made "false and incorrect statements" while seeking approval for the $200 million (roughly Rs. 1,500 crore) investment. Amazon had been using the terms of its deal to block the sale of Future Groups retail assets to Rel...
Mukesh Ambani Shweta Dubey Group On Competition Commission Of India Reliance Industries Future Group
Source: ndtv.com

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