India: The Delhi government refused to renew the liquor sale license of Pernod Ricard, citing ongoing probe into the company. The decision was made after the license application of Pernod Richard was reviewed along with “considerable documents” of the investigating agencies, according to a report by news agency Reuters.
Probe agencies had alleged that the Absolut Vodka and Chivas Regal maker had made “profits by providing false price information and financially supported retailers in exchange for stocking more of its brands, violating rules”, the report stated. The order stated that “Pernod Ricard India Private Limited and its employees had active involvement in the said criminal conspiracy.”
Earlier, the Delhi High Court has directed the city government’s Department of Excise to take a decision, in two weeks, on Pernod Ricard India (PRI)’s application for an L1 licence to supply alcohol in the capital.
