Reuters exclusively reported India’s capital city had banned the world’s largest brewer, Anheuser-Busch InBev, from selling its products in the key New Delhi market for three years for allegedly evading local taxes. The city government orders from earlier in July followed a 3-year investigation which found that beer maker SABMiller – acquired by AB InBev in 2016 – used duplicate barcodes on its beer bottles supplied to city retailers that year, allowing it to pay lower levies.
Reuters reveals India’s capital bans AB InBev for three years for alleged tax evasion
30 July 2019, 12:00 am 1 minute
Article Tags
Type: Reuters Best
Sectors: Equities
Regions: Asia