Amazon asks SC to Hold Antitrust Review in 2019 Future Group Deal, Says Report

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Amazon.com Inc has requested India’s Supreme Court docket to pause an expedited evaluate of allegations that the U.S. agency hid info whereas searching for antitrust clearance for a 2019 cope with India’s Future Group, authorized papers seen by Reuters confirmed.

The Competitors Fee of India (CCI) in June accused Amazon of concealing info and making false submissions when it sought approval for the $200 million funding right into a Future unit in 2019, a deal that’s now on the coronary heart of protracted authorized disputes between the 2 sides.

Amazon informed Reuters on the time that it was assured of addressing the watchdog’s issues.

The Supreme Court docket method by Amazon comes because the CCI on Wednesday held a closed-door listening to the place the U.S. agency’s legal professionals declined to argue and clarify their place on the matter, saying they’d requested the highest court docket to pause the method.

The watchdog famous in an inside doc – seen by Reuters – that it had determined to offer no extensions to the corporate to elucidate its place and can now concern an order sooner or later.

Amazon and the CCI didn’t instantly reply to a request for remark.

The CCI resolution is important to Amazon’s authorized challenges. If the CCI guidelines in opposition to Amazon and revokes the 2019 approval, it may have wide-ranging ramifications on the U.S. agency’s ongoing authorized battle with Future, folks acquainted with the case say.

That’s as a result of Amazon has thus far efficiently used the 2019 Future unit deal to argue breach of sure contracts when the Indian firm introduced plans to promote its retail property to rival Reliance Industries (RELI.NS) for $3.4 billion final 12 months.

Future, which denies any wrongdoing, accuses Amazon of illegally interfering in its enterprise choices and derailing a possible deal with out which it says it’s going to face liquidation.

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