Amazon accuses India's Future, Reliance of 'fraud' in newspaper ads (updated)

Future Enterprises

15/03/2022 03:47

(Adds details)
    NEW DELHI, March 15 (Reuters) - Amazon.com Inc  AMZN.O  on
Tuesday took out ads in Indian newspapers that accuse Future
Retail  FRTL.NS  and Reliance  RELI.NS  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.  urn:newsml:reuters.com:*:nL2N2V904L
    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. 

 (Reporting by Aditya Kalra and Abhirup Roy; Editing by Edwina
Gibbs)
 ((abhirup.roy@thomsonreuters.com; + 91 22 6180 7067; Reuters
Messaging: abhirup.roy.thomsonreuters.com@reuters.net))