Reuters reveals India intensifies investigation into deal between Amazon and Future Group - Reuters News Agency
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Reuters reveals India intensifies investigation into deal between Amazon and Future Group

Reuters revealed that India’s financial crime fighting agency has ordered Future Group to submit documents related to its 2019 deal with Amazon.com Inc, as part of an investigation into possible breach of foreign investment laws. The demand indicates heightened scrutiny of a deal which is at the heart of legal battles between Amazon and Future after the Indian company decided to sell its retail assets to rival Reliance Industries for $3.4 billion in 2020.   

Article Tags
Topics of Interest: Business & Finance
Type: Reuters Best
Sectors: Equities
Regions: Asia
Countries: India
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Important Regional Story
FILE PHOTO: People exit the Big Bazaar retail store in Mumbai, India, November 25, 2020. REUTERS/Niharika Kulkarni/File Photo
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