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Amazon accuses Future Group of hiding facts from shareholders

Shortpedia

Content Team
Image Credit: shortpedia

In another round of the ongoing tussle, Amazon has accused Future Group of hiding facts with stakeholders of going ahead with the transaction with Reliance. “FRL’s disclosure presents a selective and misleading picture. Such disclosure is against the public interest, misleads public shareholders as well as perpetuates a fraud for the benefit of the Biyanis alone,” Amazon wrote in the October 3 letter.