Amazon accuses India's Future, Reliance of 'fraud' in newspaper ads
South Asia
15 March, 2022, 10:25 am
Last modified: 15 March, 2022, 10:30 am
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
A delivery boy parks his scooter outside a Reliance Smart Bazaar retail store, which was previously Future Retail's Big Bazaar outlet in Mumbai, India, 14 March 2022. REUTERS/Francis Mascarenhas
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.
Comments
While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.