![]() “Significant amounts may have been diverted from Future Retail,” Amazon said. ![]() Future Retail also created unusual rental security deposits and made advances to suppliers worth a total 43 billion rupees the same year, even as business slumped and it was shutting stores, Amazon said. ![]() transfered 70 billion rupees ($939 million) in the year ended March 2020 as a capital advance to a company controlled by its founder Kishore Biyani and as payment for goods and services purchased from the related firm, Amazon said in a letter seen by Bloomberg News. ![]() (Bloomberg) - Inc., which is trying to block India’s richest man from taking over a struggling retail chain, fired a fresh salvo by alleging that money from the local firm was possibly diverted to other companies.įuture Retail Ltd.
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