Report: Amazon plans to file criminal case against Future Retail over store transfers

Amazon.com Inc plans to initiate criminal court proceedings this week against its Indian partner Future Retail for allowing the transfer of assets to a major rival despite a legal prohibition.

Amazon successfully halted Future's asset sale to rival Reliance since 2020 by citing violation of certain contracts.

Future has denied any wrongdoing but Singapore arbitrator and Indian courts have backed Amazon's claim.

Earlier this week, Reliance reportedly started taking over around 250 more Future Retail stores, rebranding them as its own outlets, after the company failed to make lease payments for the outlets to Reliance.