Published by Global Banking & Finance Review®
Posted on December 19, 2024
1 min readLast updated: January 27, 2026
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India's antitrust body raided Pernod Ricard and AB InBev offices in Hyderabad over price collusion allegations, marking a significant industry crackdown.
By Aditya Kalra
NEW DELHI (Reuters) - India's antitrust body has raided offices of alcohol giants Pernod Ricard and Anheuser-Busch InBev as it investigates allegations of price collusion with retailers in a southern state, sources familiar with the matter said.
Wednesday's surprise raids by the Competition Commission of India (CCI) targeted the offices in the city of Hyderabad, and some retailers in nearby Telangana state, the five sources said, for one of the biggest such recent crackdowns in the industry.
The sources spoke on condition of anonymity as they were not authorised to speak to the media.
Pernod, maker of brands like Chivas Regal, did not immediately respond to a request for comment.
In a statement, InBev, which makes Budweiser, said, "While we cannot comment on the specifics, we take antitrust compliance very seriously. We are working together in collaboration with the authorities".
The CCI did not immediately respond to a request for comment on the matter.
(Reporting by Aditya Kalra; Additional reporting by Aditi Shah; Editing by Clarence Fernandez)
The main topic is the antitrust raids conducted by India's Competition Commission on Pernod Ricard and AB InBev over price collusion allegations.
They were raided as part of an investigation into alleged price collusion with retailers in Telangana.
These raids represent one of the biggest recent crackdowns in the liquor industry by India's antitrust body.
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