Big setback to Amazon as CCI suspends 2019 deal with Future Group, imposes Rs 200 crore penalty

The development comes as a huge blow to Amazon, which had cited its 2019 deal with Future Group to stop the Reliance-Future deal.

India’s antitrust regulator has suspended Amazon.com’s 2019 deal with the Future Group, citing suppression of information. The Competition Commission of India (CCI) has also imposed a Rs 200 crore penalty against Amazon.

CCI conducted a review of the allegations and found that the US e-commerce giant had concealed information while seeking regulatory approval for the deal.