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

Amazon’s bid to buy Future Group’s retail assets that got approval from India’s antitrust regulator in 2019 has now been suspended. The Competition Commission of India said in a fresh order that Amazon 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 cror...

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