Amazon has warned India's anti-trust body that revoking its 2019 deal with Future Group would send a negative signal to foreign investors and allow local retail behemoth Reliance to "further restrict competition", a legal document seen by Reuters showed.
The Competition Commission of India (CCI) in reviewing its prior approval of the $200 million investment the U.S. company made in a Future unit in 2019, amid allegations that Amazon concealed facts when it sought approval for the transaction.
The CCI's review was triggered after a complaint from Amazon's now estranged partner Future. The two sides have been at loggerheads since last year
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