Page 43 - Future Coupons News Today : Breaking News, Live Updates & Top Stories | Vimarsana

The Competition Commission of India (CCI) today suspended its more than two-year-old approval for Amazon's deal to acquire stake in retailer Future Coupons Private Limited and also imposed a Rs 202 crore penalty on the e-commerce major for hiding facts and making false statements while seeking regulatory approvals in 2019. In a 57-page order, the country's antitrust body said the approval for the Amazon-Future Coupons deal "shall remain in abeyance".

The Competition Commission of India said that Amazon had made ‘false and incorrect statements’ while applying for approval of the deal.

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.

Indian antitrust watchdog has revoked the approval it had granted for Amazon’s 2019 investment in a Future Group unit and imposed a fine of about $26.3 million to the American e-commerce giant for concealing facts. The Competition Commission of India said Amazon, which invested in Future Coupons in 2019, “suppress[ed] the actual scope and purpose of […]

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.In an order on Friday, the CCI said Amazon ought to have ...