Future Retail denies Amazon charges of facilitating 'fraudulent stratagem'

FRL says it has already made necessary disclosures on termination of leases, and has provided related updates

Future Retail Limited (FRL) on Thursday said it denies all allegations made in the media by Amazon on the Company, where the American e-commerce giant has accused independent directors of FRL of facilitating a "fraudulent stratagem" of transfer of 835 stores to Reliance group.

“At the outset, we deny all allegations made in the said media report by Amazon on the Company,” said FRL in a filing to BSE. “FRL further wishes to submit that Amazon has been writing to various regulators on one or the other point related to the company and has been making baseless, irrelevant allegations and