Amazon filing on Future group deal: CCI marks ‘discrepancies’

THE COMPETITION Commission of India has served Amazon a show-cause notice over “discrepancies” in filings made by the company while seeking approval for its acquisition of a 49 per cent stake in Future group company, Future Coupons Pvt Ltd (FCL).

Amazon is currently in a legal tussle with Future group over the latter’s plans to sell its retail businesses to Reliance Retail. The Supreme Court is currently hearing a matter on whether an emergency arbitration award won by Amazon in the Singapore International Arbitration Centre is valid and whether the Kishore Biyani-led Future group can be restrained from completing the transaction.