• Wednesday, August 10, 2022

Business

Indian Watchdog Raids Top Breweries In Price Fixing Investigation: Sources

A government source said that the raids found email exchanges showing that the companies were fixing prices. (Photo: MANJUNATH KIRAN/AFP/Getty Images).

By: Radhakrishna N S

The Competition Commission of India (CCI) raided the offices of three top beer companies on Thursday (11) as part of an investigation of price-fixing allegations, three sources with direct knowledge of the matter told Reuters. Search and seizure operations were conducted at dawn by the CCI at the offices of India’s United Breweries, Denmark’s Carlsberg and the world’s largest brewer Anheuser-Busch InBev (AB InBev) in at least two Indian cities, said the three people, including one government source and an industry source. The regulator has been conducting an antitrust investigation of the three companies for the past year, said a…

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