Reuters exclusively reports Amazon accused of concealing facts by India’s anti-trust watchdog - Reuters News Agency
Technology

Reuters exclusively reports Amazon accused of concealing facts by India’s anti-trust watchdog

India’s antitrust regulator has accused Amazon.com Inc of concealing facts and making false submissions when it sought approval for a 2019 investment in a Future Group unit, a letter to the U.S. e-commerce giant seen by Reuters showed. The letter complicates Amazon’s bitter legal battle with Future Group over the Indian firm’s decision to sell its retail assets to Reliance Industries – a matter that is now before India’s Supreme Court.

Market Impact

Shares in Future Retail jumped nearly 5% after Reuters published details of the letter.



Article Tags
Topics of Interest: Technology
Type: Reuters Best
Sectors: EquitiesTechnology
Regions: Asia
Countries: India
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Important Regional Story
FILE PHOTO: A man walks past an Amazon logo outside the company's collection point in Mumbai, India, March 19, 2021. REUTERS/Francis Mascarenhas/File Photo
Sign up for email updates
Subscribe
Sign up for email updates