Home / Companies / News / Future Retail denies Amazon charges of facilitating 'fraudulent stratagem'

Future Retail denies Amazon charges of facilitating 'fraudulent stratagem'

FRL says it has already made necessary disclosures on termination of leases, and has provided related updates

Premium

Photo: Shutterstock

4 min read Last Updated : Nov 22 2022 | 8:55 PM IST

Future Retail Limited (FRL) on Thursday said it denies all allegations made in the media by Amazon on the Company, where the American e-commerce giant has accused independent directors of FRL of facilitating a "fraudulent stratagem" of transfer of 835 stores to Reliance group.

“At the outset, we deny all allegations made in the said media report by Amazon on the Company,” said FRL in a filing to BSE. “FRL further wishes to submit that Amazon has been writing to various regulators on one or the other point related to the company and has been making baseless, irrelevant allegations and

What you get on BS Premium?

Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
Pick your 5 favourite companies, get a daily email with all news updates on them.
Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
Preferential invites to Business Standard events.
Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.

VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in