Indian Competition Regulator Slaps $26.5 Mln Penalty on Amazon for Hiding Info in Future Group Deal

The Competition Commission of India (CCI) had approved a $200 million investment of Jeff Bezos’ Amazon in Future Coupons Private Ltd – a subsidiary of India’s Future Retail Ltd. However, the legal dispute began after Amazon attempted to block Mukesh Ambani-led Reliance Group from purchasing the retail business of Future Group.