India Spooks Amazon by Suspending 2019 Future Group Deal, Cites Suppression of Information

India Spooks Amazon by Suspending 2019 Future Group Deal, Cites Suppression of Information
A worker sorts delivery packages in a van, outside an Amazon facility in Ahmedabad, India, on March 17, 2021. Amit Dave/Reuters
Reuters
Updated:

NEW DELHI—India’s antitrust agency suspended Amazon.com’s 2019 deal with Future Group on Friday, potentially denting the U.S. e-commerce giant’s attempts to block the sale of Future’s retail assets to an Indian market leader.

The regulator ruled that the U.S. company had suppressed information while seeking regulatory approval on an investment into Indian retailer Future Group two years ago.