Reuters reveals India intensifies investigation into deal between Amazon and Future Group

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Reuters revealed that India’s financial crime fighting agency has ordered Future Group to submit documents related to its 2019 deal with Amazon.com Inc, as part of an investigation into possible breach of foreign investment laws. The demand indicates heightened scrutiny of a deal which is at the heart of legal battles between Amazon and Future after the Indian company decided to sell its retail assets to rival Reliance Industries for $3.4 billion in 2020.   

The post Reuters reveals India intensifies investigation into deal between Amazon and Future Group appeared first on Reuters News Agency.

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