Amazon Plans to File Criminal Case against Future over Store Transfers

New Delhi: Plans to initiate criminal court proceedings this week against Future Retail for allowing the transfer of assets to a major rival despite a legal prohibition, three sources with direct knowledge of the matter told Reuters.

Reliance had previously transferred leases of some of Future’s flagship supermarkets to its name, but allowed Future to continue to operate them. Reliance has now begun to take possession of them after Future failed to make rental payments to it, sources have said.

Amazon plans to initiate criminal proceedings against Future in a New Delhi court, and to urge the court to order an investigation into the matter, one of the sources, which has direct knowledge of the plans, said. The lawsuit could be filed as early as this week.

Amazon will allege that Future concealed information during legal proceedings and allegedly transferred leases of its stores to rival Reliance, even though a Singapore arbitrator had halted any transfer or disposal of assets in the ongoing dispute, the first source added. “This “is going to be Amazon’s last attempt (to stop the deal),” said this sources. S-ET

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