Reuters exclusively reports Amazon accuses Future of insider trading

Business & Finance

Reuters exclusively reported that Inc has asked India’s market regulator to investigate Future Retail Ltd for insider trading, as it seeks to prevent its business partner from becoming part of rival Reliance’s empire. The U.S. giant has been pressing the Securities and Exchange Board of India (SEBI) to review Reliance’s August deal to buy retail, logistics and other assets from Future Group for $3.4 billion including debt. A Nov. 8 letter to SEBI, reviewed by Reuters, alleges Future Retail disclosed to Reliance price-sensitive details of an injunction granted by a Singapore arbitrator to block the deal.

Article Tags

Topics of Interest: Business & Finance

Type: Reuters Best

Sectors: Equities

Regions: Middle East

Countries: India

Win Types: Exclusivity

Story Types: Exclusive / Scoop

Media Types: Text

Customer Impact: Major Global Story

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