Amazon.com Inc on Tuesday took out ads in Indian newspapers 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. Read More...
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NEW DELHI, March 15 (Reuters) – Amazon.com Inc on Tuesday took out ads in Indian newspapers 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. (Reporting by Aditya Kalra and Abhirup Roy; Editing by Edwina Gibbs)
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