Reported about 16 hours ago
An internal investigation at Pernod Ricard revealed that key executives in its India operations violated laws by colluding with alcohol retailers, contradicting the company's public denials. The Enforcement Directorate had accused Pernod Ricard India of facilitating money laundering through unauthorized corporate guarantees to retailers in exchange for preferential stock arrangements, leading to significant regulatory repercussions, including a ban on PRI's brands in New Delhi.
Source: YAHOO