Reuters reveals India's capital bans AB InBev for three years for alleged tax evasion | Reuters News Agency

Reuters reveals India’s capital bans AB InBev for three years for alleged tax evasion

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.

Article Tags
Type: Reuters Best
Sectors: Equities
Regions: Asia
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