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Pernod Ricard broke law to boost mkt share
December 06, 2024
|Hindustan Times
THE ENFORCEMENT DIRECTORATE IN JANUARY 2023 ACCUSED PRI OF ENGAGING IN MONEY LAUNDERING
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NEW DELHI: An internal investigation ordered by Pernod Ricard India (PRI) concluded that top executives violated the law by colluding with alcohol retailers in Delhi, according to a document seen by Reuters, even as the French giant's representatives denied wrongdoing in court and publicly.
The Enforcement Directorate (ED) in January 2023 accused PRI of engaging in money laundering by unlawfully facilitating $24 million in corporate guarantees to help some retailers fund their licence bids in exchange for stocking more Pernod brands.
PRI lobbied Delhi officials in favour of a 2021 law that allowed private retailers to run liquor shops in a major departure from the earlier system of the government operating such stores.
هذه القصة من طبعة December 06, 2024 من Hindustan Times.
اشترك في Magzter GOLD للوصول إلى آلاف القصص المتميزة المنسقة، وأكثر من 9000 مجلة وصحيفة.
هل أنت مشترك بالفعل؟ تسجيل الدخول
المزيد من القصص من Hindustan Times
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