Big: CCI imposes Rs 200 crore penalty on Amazon, suspends Amazon, Future 2019 deal

Competition Commission of India (CCI) suspended approval for Amazon investments in Future Coupons. The Indian watchdog also imposed a whopping Rs 200 crore penalty on US retail giant. The CCI was hearing a complaint by Future Coupon seeking revocation of nod to Amazon’s investment in the group.

In a 57-page order, the CCI said it considers “it necessary to examine the combination (deal) afresh,” adding its approval from 2019 shall “shall remain in abeyance” until then.