Amazon has been contesting the planned $3.4 billion sale of Future Group’s retail assets to Reliance.
Last Updated at March 15, 2022 09:58 IST
Amazon.com Inc on Tuesday took out ads in Indian newspapers that accuse Future Retail and Reliance of “fraud” after
Reliance took over many of Future’s stores.
Amazon has been contesting the planned $3.4 billion sale of Future Group’s retail assets to Reliance and the case is currently before the Indian Supreme Court.
In ads headed “PUBLIC NOTICE” in leading Indian newspapers, Amazon said: “these actions have been done in a clandestine manner by playing a fraud on the constitutional courts in India.”
Future and Reliance did not immediately respond to a request for comment.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
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First Published: Tue, March 15 2022. 09:52 IST