India tribunal rejects Amazon appeal against suspension of deal with Future

An Indian appeals tribunal on Monday rejected Amazon.com Inc’s appeal against an antitrust suspension of its $200 million investment deal with Future Group, saying the US company concealed information when it sought approval in 2019.

India’s antitrust agency issued the suspension in December, stating that Amazon suppressed the actual scope of the 2019 investment and made false and incorrect statements. Amazon challenged the decision, arguing that it had not concealed information.

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