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The disclosures made by Future Retail’s independent directors were part of filings made by Amazon in the Supreme Court.
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They will result in the cancellation of CCI approvals given for Amazon’s all transactions with Future Group, acquisition of More Retail network and other retail networks, and commensurate fines and penalties by ED and other enforcement bodies.
- They accused Amazon of submitting “completely opposite information” which was “contradictory” to Amazon’s own internal communications regarding the US giant’s 2019 investments into FRL’s promoter company.
[Via]
