CCI Accuses Amazon Of Hiding Facts In Deal With Future Group
India, July 22 -- India's antitrust regulator the - Competition Commission of India (CCI) has accused world's largest ecommerce company Amazon of hiding facts and making false submissions when it sought approval from CCI for its investment in Kishore Biyani led-Future Group in 2019.
According to a Reuters report, in a letter dated June 4, the watchdog has said that Amazon hid factual aspects of the transaction by not revealing its strategic interest in Future Retail.
The latest turn of events has further put Amazon at loggerheads with CCI which has been probing Amazon and Flipkart on the basis of alleged anti-competitive practices. The recent development has further soured its relations with Future Group as Reliance-Future deal is under...
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