Amazon writes to Future independent directors, accuses them of facilitating fraudulent stratagem - Economic Times


5/22/2022 12:00:00 AM2 years 11 months ago
by PTI

The Reliance deal fell last month after the lenders to FRL rejected it. But prior to that, Reliance group, referred to as MDA group by Amazon, took over operations of dozens of Future stores after the retailer failed to pay rent.

Amazon has accused independent directors of (FRL) of facilitating "fraudulent stratagem" of transfer of 835 stores to billionaire Mukesh Ambani's Reliance group, saying the narrative of that transfer… [+6250 chars]

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