Amazon-Future Deal Suspended, Rs. 200 Crore Fine Slapped by Competition Commission of India

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Amazon's 2019 investment in Future Group that got approval from India’s antitrust regulator has now been suspended. The Competition Commission of India said in a fresh order that Amazon "suppressed the actual scope" of the deal and had made "false and incorrect statements" while seeking approval for the $200 million (roughly Rs. 1,500 crore) investment. Amazon had b...

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