Amazon says anyone aiding FRL shareholders meeting is party to fraud

In a 16-page letter to Kishore Biyani, his daughter Ashni and other promoters, Amazon has said such meetings violate Singapore tribunal's injunction on sale of retail assets to RIL

US e-commerce giant Amazon has warned Future Retail Ltd (FRL) against holding of next week’s meetings of its shareholders and creditors to approve the sale of its retail assets to Reliance Retail as part of the $3.4 billion deal.

In a letter written to Future Group founder Kishore Biyani, his daughter Ashni Kishore Biyani and other promoters, Amazon has said such meetings are illegal and would breach 2019 agreements, when Amazon made investments into FRL's promoter firm. It said such meetings would also breach the Arbitration Rules of the Singapore International Arbitration Centre (SIAC Rules), that the parties had agreed.