EXCLUSIVE India watchdog accuses Amazon of concealing facts in deal for Future Group unit

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India's antitrust regulator has accused Amazon.com Inc (AMZN.O) of concealing facts and making false submissions when it sought approval for a 2019 investment in a Future Group unit, a letter to the U.S. e-commerce giant seen by Reuters showed.

A man walks past an Amazon logo outside the company's collection point in Mumbai, India, March 19, 2021. REUTERS/Francis MascarenhasAmazon has yet to respond to antitrust body's notice -sourceNEW DELHI, July 22 - India's antitrust regulator has accused Amazon.com Inc

"The representations and conduct of Amazon before the Commission amounts to misrepresentation, making false statement and suppression or/and concealment of material facts," the letter said. It also noted that its review of the submissions made had been prompted by a complaint from Future Group. Amazon said in a statement to Reuters it had received a letter, was committed to complying with India's laws and would extend its full cooperation to the CCI.Representatives for Future and the CCI did not respond to Reuters requests for comment.

 

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