Amazon seeks to pause antitrust review of 2019 deal with Future
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New Delhi, November 25
Amazon.com Inc has asked the Supreme Court to pause an expedited review of allegations that the US firm concealed information while seeking antitrust clearance for a 2019 deal with Future Group, legal documents showed.
THE CASE FILE
- The Competition Commission in June had accused Amazon of concealing facts and making false submissions when it sought nod for the $200m investment into a Future unit in 2019
The Competition Commission of India (CCI) in June accused Amazon of concealing facts and making false submissions when it sought approval for the $200-million investment into a Future unit in 2019, a deal that is now at the centre of protracted legal disputes between the two sides.
Amazon said at that time it was confident of addressing the watchdog's concerns. — Reuters
The Tribune
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