Exclusive: Amazon tells India regulator its partner Future Retail is misleading public

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By Aditya Kalra
NEW DELHI (Reuters) – Amazon.com Inc <AMZN.O> has complained to India’s market regulator that its local partner Future Retail Ltd <FRTL.NS> misled shareholders by incorrectly saying it was complying with its contractual obligations to the U.S. e-commerce giant, a letter seen by Reuters shows.
Amazon is locked in a bitter legal dispute with Future Group, which in August sold its retail assets to Mukesh Ambani-led Reliance Industries Ltd <RELI.NS> for $3.4 billion. The deal, Amazon alleges, breaches 2019 agreements by Future.
The tussle has strained Amazon’s ties not just with Future Retail – one of India’s top retailers – but also with Ambani, Asia’s richest man, and his Reliance group, which is fast expanding its e-commerce business and threatening companies like Amazon.
Amazon last Sunday won an injunction to halt Future’s …

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