‘Future Retail management siphoned off Rs 7000 crore’, alleges Amazon

NEW DELHI: The Amazon-Future Retail fight has entered the next round with Amazon now alleging the management of Future Retail of siphoning off Rs 7,000 crore. Amazon has made this allegation in a letter written on 24th November, 2021 to the independent directors and audit committee of Future Retail.

The US headquartered e-commerce company has also sent a copy of the letter to the Ministry of Corporate Affairs, governor of the Reserve Bank of India (RBI), Securities Exchange Board of India (SEBI), Competition Commission of India (CCI) and the National Financial Reporting Authority (NFRA).