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The Times of India

Business

PTI

Amazon calls Future store transfer to Reliance 'fraud'

Amazon Future Reliance Future Group United States FRL Mukesh Ambani New Delhi

NEW DELHI: Days after billionaire Mukesh Ambani-led group took some of the stores of Future Group, whose lease had expired due to the non-payment of rent, Amazon on Tuesday accused the two of 'fraud' and said such 'contumacious' transfer will be liable to legal action.

Amazon has been contesting the Rs 24,713 crore sale of Future Group's retail assets to Ambani's Reliance group, first announced in August 2020, and the case is currently before the Supreme Court.

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