Amazon Accuses Future Group's Independent Directors Of Fraudulent Strategy
Amazon has accused independent directors of Future Retail of facilitating "fraudulent stratagem" of transfer of 835 stores to Reliance group
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Amazon has accused independent directors of Future Retail of facilitating "fraudulent stratagem" of transfer of 835 stores to Reliance group
Lenders to Future Group rejected a $3.4 billion deal for its retail assets from Reliance Industries Limited
Debt-ridden Future Enterprises Ltd has defaulted on the payment of interest of Rs 1.22 crore due on non-convertible debentures
For over a year, Amazon and India's Future are locked in a complex legal stand-off that has stalled Future's $3.4 billion sale to rival Reliance.
Reliance's takeover began with utmost stealth on the night of February 25 when its staff began arriving at Future stores