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Amazon Accuses Future Group, Reliance of Fraud in Newspaper Ads

Amazon has been contesting the planned $3.4 billion sale of Future Group’s retail assets to Reliance and the case is currently before the Indian Supreme Court


Amazon India
The Indian Supreme Court had this month given Amazon, Reliance and Future time until March 15 to negotiate a settlement. Photo: Reuters

 

Amazon.com took out ads in Indian newspapers on Tuesday that accuse Future Retail and Reliance of “fraud” after Reliance took over many of Future’s stores.

Amazon has been contesting the planned $3.4 billion sale of Future Group’s retail assets to Reliance and the case is currently before the Indian Supreme Court.

In ads headed “PUBLIC NOTICE” in leading Indian newspapers, Amazon said: “These actions have been done in a clandestine manner by playing a fraud on the constitutional courts in India.”

Future and Reliance did not immediately respond to a request for comment.

The Indian Supreme Court had this month given Amazon, Reliance and Future time till March 15 to negotiate a settlement.

 

  • Reuters with additional editing by Jim Pollard

 

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Jim Pollard

Jim Pollard is an Australian journalist based in Thailand since 1999. He worked for News Ltd papers in Sydney, Perth, London and Melbourne before travelling through SE Asia in the late 90s. He was a senior editor at The Nation for 17+ years and has a family in Bangkok.

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