02 May 2022, Mumbai:
The E-tailer has alleged that promoters and directors of future retail (FRL) have committed fraud by letting Reliance take over around 800 stores of the debt-laden company.
ALSO READ Future of Future Group?
US-based Amazon has urged RBI to conduct a forensic audit of FRL for the past 3 financial years, alleging that the promoters and directors of Big Bazaar parent have committed fraud by letting Reliance take over around 800 stores of the debt-laden company.
RELEVANT NEWS Reliance Retail takes over Future Group stores
Amazon legal battles started after the proposed future Reliance deal was announced nearly 2 years ago when the e-tailers dragged FRL to a Singapore-based emergency arbitrator.
Join our community on Linkedin
CREDITS: TOI Dt 02-05-2022 (The news article has not been edited by DFU Publications staff).
Author’s Posts
-
Tamil Nadu Textile Sector Begins Strong Recovery
Tamil Nadu Textile Industry Shows Signs of Recovery
After ...May 22, 2025
-
Shahid Kapoor Joins Taapsee Pannu for Vogue Eyewear India
BRAND ANNOUNCEMENT | VOGUE EYEWEAR WELCOMES SHAHID KAPOOR, WHO JOINS TAAPSEE PANNU AS ITS BRAND AMBAS...
May 22, 2025
-
3rd Morocco International Yarn & Fabric Sourcing Show 2025
3rd Morocco International Yarn & Fabric Sourcing Show 2025
May 13, 2025
-
India’s Apparel Exports: Big Potential, Low Share
Despite having the world’s second-largest vertically integrated textile industry, India’s share...May 05, 2025
CITI: India must engage U.S. on tariffs
"Bridging the Information Gap in the Textile and Fashion Industry."
Latest News
Latest Publications
