Amazon Future Deal: Action against Amazon for Misrepresentation, CCI Fines Rs 202 Crore

News Desk, Amar Ujala, New Delhi

Published by: Amit Mandal
Updated to Friday, 17 December 2021 7:01 PM IST

Summary

Earlier on November 16, the Delhi High Court had directed the CCI to set aside the approval granted to the American company in the Amazon Future Coupons Deal case.

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The Competition Commission of India has fined Amazon Rs. Imposed a fine of Rs 202 crore. CCI asks Amazon to file a detailed Form II again within 60 days

CCI is investigating a complaint filed by Future Coupons, which seeks to revoke Amazon’s approval for Future Coupons to invest in Future Group.

Issued 57-page orders
The CCI said in its order that the deal now needed to be reconsidered. CCI also alleges that Amazon made false and misleading statements. CCI issues 57-page order in Amazon-Future deal case

Earlier on November 16, the Delhi High Court had directed the CCI to set aside the approval granted to the American company in the Amazon Future Coupons Deal case. The CCI was given two weeks to do so. Earlier, CAIT had also filed a PIL against CCI, claiming that it had issued a showcause notice to Amazon in June, but had not yet made that decision.

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The Competition Commission of India has fined Amazon Rs. Imposed a fine of Rs 202 crore. CCI asks Amazon to file a detailed Form II again within 60 days

CCI is investigating a complaint filed by Future Coupons, which seeks to revoke Amazon’s approval to invest in Future Coupons Future Group.

Issued 57-page orders

The CCI said in its order that the deal now needed to be reconsidered. CCI also alleges that Amazon made false and misleading statements. CCI issues 57-page order in Amazon-Future deal case

Earlier on November 16, the Delhi High Court had directed the CCI to set aside the approval granted to the American company in the Amazon Future Coupons Deal case. The CCI was given two weeks to do so. Earlier, CAIT had also filed a PIL against CCI, claiming that it had issued a showcause notice to Amazon in June, but had not yet made that decision.

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