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Amazon accuses Future Retail, Reliance of 'fraud' in newspaper ads

Amazon has been contesting the planned $3.4 billion sale of Future Group's retail assets to Reliance.

Future Retail
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Reuters New Delhi
Amazon.com Inc has gone on the attack in its bitter dispute with two Indian retailers, accusing them of fraud in Indian newspaper ads on Tuesday after Reliance Industries suddenly took over many of Future Retail stores.

Amazon has been contesting the planned $3.4 billion sale of Future Group's retail assets to Reliance, first announced in 2020, and the case is currently before the Indian Supreme Court.

Reliance, India's biggest conglomerate and retailer run by the country's richest man, began taking over the prized real estate with utmost stealth on Feb.25 when its staff showed up at many of Future biggest stores to

(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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