Revoking 2019 Future deal would boost Reliance: Amazon warns CCI

Amazon says sentiment will be hit if its 2019 deal with Future gets revoked by the anti-trust body and would send a negative signal to foreign investors

Amazon has warned India's anti-trust body that revoking its 2019 deal with Future Group would send a negative signal to foreign investors and allow local retail behemoth Reliance to "further restrict competition", a legal document seen by Reuters showed.

The Competition Commission of India (CCI) in reviewing its prior approval of the $200 million investment the U.S. company made in a Future unit in 2019, amid allegations that Amazon concealed facts when it sought approval for the transaction.

The CCI's review was triggered after a complaint from Amazon's now estranged partner Future. The two sides have been at loggerheads since last year