Amazon.com Inc., which is trying to block India’s richest man from taking over a struggling retail chain, fired a fresh salvo by alleging that money from the local firm was possibly diverted to other companies.
Future Retail Ltd. transfered Rs 7,000 crore ($939 million) in the year ended March 2020 as a capital advance to a company controlled by its founder Kishore Biyani and as payment for goods and services purchased from the related firm, Amazon said in a letter seen by Bloomberg News. Future Retail also created unusual rental security deposits and made advances to suppliers worth a total