Amazon-Future Deal Suspended, Rs. 200 Crore Fine Slapped by Competition Commission of India

Amazon's 2019 investment in Future Group that got approval from India’s antitrust regulator has now been suspended. The Competition Commission of India said in a fresh order that Amazon "suppressed the actual scope" of the deal and had made "false and incorrect statements" while seeking approval for the $200 million (roughly Rs. 1,500 crore) investment. Amazon had b...

from Gadgets 360 https://ift.tt/3p3cLN4