Equities

Reuters exclusively reports Carlsberg, United Breweries plead leniency in India beer cartel probe

Reuters exclusively reports Carlsberg, United Breweries plead leniency in India beer cartel probe

Reuters exclusively reported that Denmark’s Carlsberg and India’s United Breweries have filed pleas with Indian authorities, seeking leniency in a probe into alleged collusion to fix beer prices. The Competition Commission of India (CCI) has been investigating the two companies and both filed pleas under the CCI’s so-called leniency program in recent weeks. The plea involves the companies submitting evidence and agreeing to cooperate with the probe, which could lead to a smaller fine if wrongdoing is discovered.


ARCHIVE

Search on topics and regions relevant to your business.

Go to archive