Amazon Accused of Concealing Facts in Future Group Deal by CCI

Amazon Accused of Concealing Facts in Deal for Future Group Unit by CCI

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 … Read more

Amazon Said to Call on India Not to Alter E-Commerce Investment Rules

Amazon Said to Call on India Not to Alter E-Commerce Investment Rules

Amazon asked the Indian government on Thursday not to change e-commerce foreign investment rules until investigations into its business practices had been concluded, two sources familiar with the discussions told Reuters. The commerce ministry met e-commerce players after allegations by retailers, which are a crucial part of Prime Minister Narendra Modi’s support base, that Amazon … Read more