Amazon plans to file criminal case against Future over store transfers
Amazon.com Inc plans to initiate criminal court proceedings this week against its Indian partner Future Retail for allowing the transfer of assets to a major rival despite a legal prohibition, three sources with direct knowledge of the matter told Reuters.
For more than a year, Amazon and Future Group have been in a legal stand-off that has stalled Future’s $3.4 billion sale of assets to Reliance Industries.
Amazon successfully halted Future’s asset sale to rival Reliance since 2020 by citing violation of certain contracts. Future, India’s second largest retailer, denies any wrongdoing. Amazon’s position has been backed by a Singapore arbitrator and Indian courts. Reuters reported this week that Reliance had started to take over around 500 of Future’s stores, rebranding them as its own outlets.
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