The CCI imposed a penalty of ₹200 crore on Amazon for failing to notify the details of its ‘combination’, as required in law. It also imposed a separate penalty of ₹2 crore for suppressing the actual scope and purpose of the combination. The antitrust regulator also embargoes its approval given in Nov 2019 to Amazon’s investment in a Future Group unit on the grounds that Amazon had suppressed the scope and full details of its investment while seeking regulatory approval.The CCI imposed a penalty of ₹200 crore on Amazon for failing to notify the details of its ‘combination’, as required in law. It also imposed a separate penalty of ₹2 crore for suppressing the actual scope and purpose of the combination. The antitrust regulator also embargoes its approval given in Nov 2019 to Amazon’s investment in a Future Group unit on the grounds that Amazon had suppressed the scope and full details of its investment while seeking regulatory approval.taxmann.com NewsRead More
