Competition Commission Accuses Amazon Of Hiding Facts In Future Group Deal

India's antitrust regulator has accused Amazon of concealing facts and making false submissions when it sought approval for a 2019 investment in a Future Group unit, a letter to the US e-commerce giant seen by Reuters showed.

The letter complicates Amazon's bitter legal battle with Future Group over the Indian's firm's decision to sell its retail assets to Reliance Industries - a matter that is now before India's Supreme Court.

Amazon has argued that terms agreed upon in its 2019 deal to pay $192 million (roughly Rs. 1,430 crores) for a 49 percent stake in Future's gift voucher unit prevent its parent, Future Group, from selling its Future Retail business to Reliance.