Amazon had asked for Rs 290 cr as compensation for RIL deal: Future Group

Amazon had asked for USD 40 million (around Rs 290.41 crore) in compensation from Future Group for the deal with Reliance Industries, and Amazon’s claim of not being informed of the deal is incorrect, documents submitted to the emergency arbitrator of SIAC by the Kishore Biyani-led firm said.

According to the submission by Future Group in October last year, Amazon was well aware of Future’s Rs 24,713 crore deal with RIL.

In August 2020, two phone calls among the 3rd respondent (Kishore Biyani) and 8th respondent (Rakesh Biyani) and Abhijit Mujumdar on behalf of the claimant (Amazon.com NV Investment Holdings LLC), the claimant asked for USD 40 million as compensation in exchange for the Future Group and Reliance proceedings with the disputed transaction, the document said.