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The Competition Commission of India (CCI) has imposed a penalty of Rs 202 crore on Amazon and suspended its approval for the e-tailer’s deal with Future Coupons seeking more information.
CCI has suspended the approval it gave for Amazon's investment in Future Coupons in 2019 and imposed a ₹200 crore penalty on the company.
Also slaps Rs 202 cr penalty on e-retailer
The unprecedented step taken by CCI could have far-reaching consequences on Amazon's legal battles with now estranged partner Future.
The CAIT condemned this alleged Amazon argument, calling it a "afterthought" designed to get the subject out of the CCI.