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ARTICLE · 18 JANUARY 2022

Amazon's Tryst With The Indian Anti-trust Regime: A Fair Warning For Others?

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On 17 December 2021, the Competition Commission of India (CCI) imposed a cumulative penalty of ₹ 202 crores (₹ 2.02 billion) on Amazon for 'misleading' the Indian anti-trust regulator...

IndiaAntitrust/Competition Law
Harshvardhan Korada
Harshvardhan Korada
Saurabh Babulkar
Saurabh Babulkar
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On 17 December 2021, the Competition Commission of India (CCI) imposed a cumulative penalty of ₹ 202 crores (₹ 2.02 billion) on Amazon for 'misleading' the Indian anti-trust regulator through 'false statements' and 'material omissions' made on its dealings with the Future group. This development comes after two years of CCI having approved, amongst other things, Amazon's acquisition of 49% shareholding in Future Coupons Pvt. Ltd. (FCPL).

CCI, through its order of 17 December, has given a 60-day notice to Amazon to furnish proper details regarding the scope and purpose of the combination which comprises of multiple interconnected transactions amongst Amazon and the Future group companies. Until then, the approval of CCI to Amazon's deal with the Future group companies remains suspended.

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