Amazon accused Future Retail of committing "elaborate and orchestrated fraud"


Future Retail Limited (FRL) has been accused of making false statements in various courts, according to Amazon's petition to the Supreme Court. Even after the Singapore International Arbitration Centre (SIAC) barred FRL from proceeding with its Reliance deal, the ecommerce giant alleged in its petition that it made sub-lease arrangements with the multinational conglomerate to operate at least 835 retail stores under Big Bazaar.


According to a LiveMint report, FRL has been accused of committing a "elaborate and orchestrated fraud" in order to obtain a favourable verdict. Amazon has also claimed that FRL secretly entered into agreements with Reliance to alienate its retail stores in favour of the Mukhesh Ambani-led company in order to ensure that the challenged transaction goes through even before the NCLT issues its final order.

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