2024-08-20
https://www.thisismoney.co.uk/money/markets/article-13760579/Diageo-spotlight-Delhi-police-investigation.html
HaiPress
Diageo is facing an anti-corruption investigation at its Indian business as problems mount for the Guinness maker.
United Spirits,Diageo's India unit,has submitted financial documents requested by the New Delhi police.
United Spirits,has submitted financial documents requested by the New Delhi police
Their probe is related to the company's supply of alcohol to government-run shops,and how those agencies occasionally offered early payments to suppliers that provided discounts.
Police are investigating whether there was any wrongdoing in this process.
Diageo toasts golden year of Guinness as women fall crazy in...
Diageo boss warns Latin American hangover could last another...
MARKET REPORT: AstraZeneca tipped to become first £200bn...
BUSINESS LIVE: St James's Place to cut £500m in costs; BP...
Hina Nagarajan,boss of United Spirits,was summoned to appear before police last month as part of the investigation.
Although she did not attend,the spirits giant submitted documents that were sought by authorities. Diageo,which makes Baileys and Smirnoff,owns 56pc of United Spirits,also known as Diageo India.
It also owns Indian Premier League cricket team,Royal Challengers Bangalore.
Diageo confirmed that it had received the Delhi police notice and said it would fully cooperate and was 'in the process of providing the information'.
Easy investing and ready-made portfolios
Learn More
Learn More
Free fund dealing and investment ideas
Learn More
Learn More
Flat-fee investing from £4.99 per month
Learn More
Learn More
Get £200 back in trading fees
Learn More
Learn More
Free dealing and no account fee
Learn More
Learn More
Affiliate links: If you take out a product This is Money may earn a commission. These deals are chosen by our editorial team,as we think they are worth highlighting. This does not affect our editorial independence.
Compare the best investing account for you
