CCI freezes Amazon's deal with Future; slaps Rs. 200 crore fine

11:30:00 PM, Saturday 18th of December 2021 | in business

The Competition Commission of India (CCI) Friday suspended its earlier approval for Amazon's deal to acquire a stake in Future Coupons Private Limited. It also imposed a penalty of Rs. 202 crore on the American e-commerce giant for allegedly hiding facts and making false statements while seeking regulatory approvals in 2019. The body said the deal "shall remain in abeyance" for the time being.