Indian antitrust authorities raided Pernod Ricard over alleged collusion to boost whisky sales.

Indian antitrust authorities raided Pernod Ricard's offices last month, investigating claims the company colluded with local retailers to boost its whisky sales and harm a competitor, Radico Khaitan. This is the largest recent crackdown in India's liquor sector. Pernod Ricard, which denies wrongdoing, also faces a $250 million tax demand and a city liquor policy investigation. If found guilty, the company could face hefty fines.

2 months ago
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