CAIT urges CCI to revoke approval to Amazon for Future Coupons deal

Traders’ body CAIT on Wednesday said it has urged the Competition Commission of India to revoke the approval granted to Amazon two years ago for its deal with Future Coupons, alleging that the e-commerce major had made false statements for getting the regulatory nod.

The development has come following Future Retail Ltd’s (FRL) independent directors on Sunday writing to the Competition Commission of India (CCI) Chairman on the matter.

The Confederation of All India Traders (CAIT) also wrote to the CCI highlighting the claims made by Future Retail’s independent directors.