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flag Pernod Ricard faces legal issues in India over allegations of $24M in illegal corporate guarantees.

flag Pernod Ricard, a major spirits company, is under scrutiny over allegations of illegal activities in its Indian operations. flag An internal investigation suggests top executives colluded with New Delhi alcohol retailers, facilitating $24 million in corporate guarantees for license bids, potentially violating Indian financial laws. flag Despite the company's denial of wrongdoing, the findings could lead to significant legal issues, especially given India's importance as Pernod Ricard's largest market.

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