CCI suspends Amazon deal with Future, fines US giant Rs 200 crore
CCI suspends Amazon deal with Future, fines US giant Rs 200 crore

The CCI suspended the US retail giant Amazon’s 2019 deal with Future Retail (FRL) for its deliberate design to suppress information about the scope and purpose of the deal. The antitrust regulator has imposed a penalty of Rs 200 crore on Amazon to be paid within 60 days of receipt of order. According to the order, the main reason stated by CCI for the decision was that it was considered ‘necessary to examine the combination afresh', and for the intervening period the CCI approval provided in 2019 ‘shall remain in abeyance’.

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