Indian regulator rejects Apple request to put antitrust report on hold
By Aditya Kalra
NEW DELHI, Nov 24 (Reuters) -India's antitrust body has turned down a request from Apple AAPL.O to put a hold on an investigation report which found the company breached competition laws, allowing the case to continue, an internal order from the regulator seen by Reuters showed.
The Competition Commission of India (CCI) in August ordered a recall of investigation reports after Apple said the watchdog had disclosed commercial secrets to competitors in the case dating back to 2021, including Tinder-owner Match MTCH.O. These elements should have been redacted.
The CCI had asked parties to return the reports and destroy any copies. The regulator then issued new reports.
The CCI internal order showed that Apple in November alleged that the main complainant in the antitrust investigation - Indian non-profit Together We Fight Society (TWFS) - had not complied with the directives to give an assurance that the old investigation reports had been destroyed.
Apple asked the CCI "to take action against TWFS for non-compliance with its order" and "to withhold the revised" report, the CCI order, dated Nov. 13, seen by Reuters showed.
"Apple's request to hold the investigation report in abeyance was deemed untenable," the CCI said in the order.
Apple did not respond to Reuters queries.
The CCI did not respond outside regular business hours on Sunday. Calls to representatives of TWFS went unanswered.
A CCI investigation had found that Apple exploited its dominant position in the market for app stores on its iOS operating system to the detriment of app developers, users and other payment processors.
Apple has denied wrongdoing and said it is a small player in India where phones that use Google's Android system are dominant.
The CCI internal order also showed that Apple has been asked to submit its audited financial statements for fiscal years 2021-22, 2022-23 and 2023-24 under regulatory guidelines aimed at determining possible monetary penalties in the case.
The CCI's senior officials will review the investigation report and make a final ruling on the case.
Reporting by Aditya Kalra;
Editing by Ros Russell
Related Assets
Latest News
Disclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. Such content is therefore provided as no more than general information. Particularly, please be aware that the contents of our Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Trading on any financial market involves a significant level of risk to your capital.
All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as containing – financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial instruments; or unsolicited financial promotions to you.
Any third-party content, as well as content prepared by XM, such as: opinions, news, research, analyses, prices and other information or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations. Please ensure that you have read and understood our Notification on Non-Independent Investment. Research and Risk Warning concerning the foregoing information, which can be accessed here.