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Amazon accuses Future Retail, Reliance of 'fraud' in newspaper ads

Days after billionaire Mukesh Ambani-led group took some of the stores of Future Group, whose lease had expired due to the non-payment of rent, Amazon.com Inc on Tuesday accused the two of 'fraud' and said such 'contumacious' transfer will be liable to legal action. Amazon has been contesting the Rs 24,713 crore sale of Future Group's retail assets to Ambani's Reliance group,
Indian Supreme Court Future Retail Future Group Indian Supreme How Ambani Business News

Amazon accuses estranged Indian partner Future and Reliance of fraud in newspaper ads – TechCrunch

Amazon’s two-year effort to halt a $3.4 billion deal between its estranged partner Future Group and Reliance Retail took a new turn on Tuesday as tens of millions of Indians woke up to find the American e-commerce giant airing its grievances in several newspapers. Amazon has accused Future Group (which runs the nation’s second largest […]
United States Indian Court Reliance Industries India Future Group Reliance Retail Reliance Industries

No headway in mediation with Future Retail: Amazon to Supreme Court

Amazon on Tuesday told theย Supreme Court that there were talks for settlement between Amazon and Future Group but there has been no headway in the mediation proceedings on the assets of Future Retail Ltd (FRL). The Jeff Bezos-led company said that even as the top court ordered to keep hands off, Future Retail stores have been taken over by Reliance.
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