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Apple Fights India Antitrust Probe for Financial Data
22 Jan
Summary
- Apple urges Indian court to halt antitrust probe seeking global finances.
- The tech giant fears a potential $38 billion fine based on global turnover.
- A Delhi High Court is scheduled to hear the case on January 27.
Apple is actively contesting a probe by India's antitrust watchdog concerning its app store policies, seeking to prevent the agency from accessing its global financial records. The company has filed a plea with the Delhi High Court, requesting a directive to prevent the Competition Commission of India (CCI) from taking further action at this stage.
This legal maneuver comes as Apple challenges the validity of India's 2024 penalty rules, which it fears could result in a penalty of up to $38 billion if applied based on its global turnover. The CCI, however, has maintained its stance, seeking Apple's financials via a private order on December 31. Apple argues that compliance now would jeopardize its main legal challenge against the penalty framework.
The Delhi High Court has scheduled a hearing for January 27 to address Apple's request to put the entire investigation on hold. The CCI defends its penalty rules as essential measures to deter violations by multinational corporations.
