Amazon asked Future to withdraw FEMA violation complaint before CCI
US giant Amazon had asked Kishore Biyani-led Future Group to withdraw its complaint in CCI as the two discussed a possible end to bitter tussle over investments, according to sources.
Also, the sources said, a possible exit of Amazon – which is contesting the deal between Future group and Reliance Retail – in lieu of compensation was also discussed.
Officials of Amazon and Future Group had a meeting a couple of weeks back but the US firm maintained that any suggestion of it seeking compensation to end the tussle with Future is “misplaced and motivated”.